In 2021-22 fiscal, the merchandise exports of India grew to touch a record high of USD 418 billion.
The sectors that played a key role in the increase of merchandise exports include engineering, petroleum products, jewellery, gems, pharmaceuticals, and chemicals.
During 2021-22, the goods trade (imports and exports) of the country crossed USD 1 trillion.
India’s imports also touched USD 610 billion a record of its own.
In March 2022, the outbound shipments of the country also touched a record high of USD 40.38 billion.
In 2020-21, the merchandise exports of the nation were worth USD 292 billion.
During the period of April 2021 to March 2022 the Agriculture exports crossed USD 48 billion.
The US, Bangladesh, the UAE, Singapore, the Netherlands, the UK, Hong Kong, Germany, and Belgium were the top export destinations for the products.