December merchandise exports up 40% YoY, hit record $37.81 billion

Outbound shipments up 29% sequentially; Cumulatively, exports in April-Dec crossed $301 bn, achieving three fourth of annual target of $400 bn in first nine months of FY22

Merchandise exports witnessed nearly 40 per cent growth year-on-year (YoY) to $37.81 billion in December, as demand for Indian products continued to remain robust, according to data released by the commerce and industry ministry on Friday.
 
On a sequential basis, outbound shipments grew nearly 29 per cent.

Engineering goods, petroleum products, gems and jewellery, organic and inorganic chemicals, drugs and pharmaceuticals were the top exported goods.

On a cumulative basis, India’s merchandise exports in April-December was over $301 billion, achieving three-fourth of its annual target of $400 billion in the first nine months of the ongoing fiscal