India’s Export and Import Trends 2018-19

In the fiscal year (FY)2018-19, India’s total merchandise exports registered a 9.06 percent growth to hit a new high of US$330 billion, surpassing the earlier peak of US$314 billion clocked in 2013-14 FY.

India’s total imports grew at a much higher rate at 10.41 percent, amounting to US$514 billion.

Exports to US, Europe rise, while exports to Asia decline.

Although the majority of India’s exports continue to go to Asian countries, it has declined in the last five years. Asia’s share in India’s overall exports fell from 48.52 percent in 2014-15 to 47.62 percent in FY2018-19. While North America’s share increased from 18.16 percent to 19.49 percent, and Europe’s from 15.31 percent to 17.9 in the same period.