Merchandise exports from India plunged 9.71 percent from a year earlier to USD 25.01 billion in June 2019, led by decreases in sales of petroleum products (-32.85 percent), gems, jewellery (-10.67 percent), rice (-28.05 percent), and engineering goods (-2.65 percent). By contrast, there were gains in exports of iron ore (154.84 percent), electronic goods (43.78 percent), ceramic products & glassware (19.88 percent), spices (16.78 percent), and drugs & pharmaceuticals (16.17 percent). Considering April-June 2019-20, exports dropped 1.69 percent to USD 81.08 billion. Exports in India averaged 5606.45 USD Million from 1957 until 2019, reaching an all time high of 32550 USD Million in March of 2019 and a record low of 59.01 USD Million in June of 1958.
Exports in India is expected to be 29000.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Exports in India to stand at 29500.00 in 12 months time. In the long-term, the India Exports is projected to trend around 34900.00 USD Million in 2020, according to our econometric models.