Overview In November 2022 India exported $34.8B and imported $58.2B, resulting in a negative trade balance of $23.4B. Between November 2021 and November 2022 the exports of India have increased by $3.11B (9.78%) from $31.7B to $34.8B, while imports increased by $5.46B (10.3%) from $52.8B to $58.2B.
Trade In November 2022, the top exports of India were Petroleum Products ($8.11B), Drug Formulations, Biologicals ($1.54B), Pearl, Precs, Semiprecs Stones ($1.38B), Telecom Instruments ($1.35B), and Gold And Oth Precs Metl Jwlery ($1.1B). In November 2022 the top imports of India were Petroleum: Crude ($13.6B), Petroleum Products ($4.49B), Coal,Coke And Briquittes Etc ($3.76B), Gold ($3.24B), and Pearl, Precs, Semiprecs Stones ($2.31B).
Destinations In November 2022, India exported mostly to United States ($5.93B), United Arab Emirates ($2.58B), Netherlands ($1.8B), Israel ($1.5B), and Brazil ($1.12B), and imported mostly from China ($7.65B), United Arab Emirates ($5.01B), Russia ($4.64B), United States ($4.35B), and Saudi Arabia ($3.4B).
Growth In November 2022, the increase in India's year-by-year exports was explained primarily by an increase in exports to United States ($514M or 11.6%), South Africa ($494M or 166%), and Australia ($293M or 142%), and product exports increase in Pearl, Precs, Semiprecs Stones ($403M or 22.8%), Iron Ore ($275M or 109%), and Rice(Other Than Basmoti) ($267M or 150%). In November 2022, the increase in India's year-by-year imports was explained primarily by an increase in imports from Switzerland ($1.43B or 158%), China ($660M or 11%), and South Africa ($366M or 78.2%), and product imports increase in Gold ($2.45B or 155%), Pearl, Precs, Semiprecs Stones ($735M or 50.2%), and Vegetable Oils ($298M or 35.6%).