8/24/2023 0 Comments Highest exporter of rice in worldThat dollar metric represents a decrease from an average $300 per capita in 2021. Given India’s population of 1.423 billion people, its total $360 billion in 2022 exported products translates to roughly $250 for every resident in the vast South Asian country. Smaller percentages went to Africa (9.6%), Latin America excluding Mexico but including the Caribbean (3.6%) then Oceania led by Australia (1.9%). India shipped another 19.2% worth of goods to Europe. Those statistics show that 53.9% of products exported from India was bought by importers in: United States of America (18.1% of the Indian total), United Arab Emirates (6.4%), mainland China (5.8%), Bangladesh (3.6%), Hong Kong (2.9%), Singapore (2.7%), United Kingdom (2.63%), Netherlands (2.6%), Germany (2.4%), Nepal (2.33%), Belgium (2.29%) and Saudi Arabia (2.1%).įrom a continental perspective, 45.6% of India’s exports by value were delivered to fellow Asian countries while 20.1% were sold to North American importers. The latest available country-specific data is from 2021. India ranks among world-leading countries exporting diamonds, jewelry and refined petroleum. India’s weaker local currency makes Indian exports paid for in stronger US dollars relatively less expensive for international buyers. ![]() Year over year, the total value of goods exported from India declined by -8.8% from $394.8 billion in 2021.īased on the average exchange rate for 2022 on a Purchasing Power Parity basis, the Indian rupee dropped by -14.9% against the US dollar since 2018 and depreciated by -6.3% from 2021 to 2022. ![]() That estimated dollar amount reflects an 11.1% increase compared to $324 billion in 2018. By Strategically located near highly populated trading partners including China, Pakistan and Bangladesh, the Republic of India shipped US$360 billion worth of products around the globe in 2022.
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