India

India Trade March 2023

India: Merchandise exports slide at a more pronounced rate in March

Merchandise exports plummeted 13.9% year-on-year in March, on the heels of February’s 8.8% decrease. March’s result marked the largest decline since May 2020. Meanwhile, merchandise imports declined 7.9% on an annual basis in March (February: -8.2% yoy).

As a result, the merchandise trade balance deteriorated from the previous month, recording a USD 19.7 billion shortfall in March (February 2023: USD 17.4 billion deficit; March 2022: USD 18.5 billion deficit). Lastly, the trend deteriorated, with the 12-month trailing merchandise trade balance recording a USD 283.7 billion deficit in March, compared to the USD 282.5 billion deficit in February.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest X Download Fullscreen