India's Export Growth Surpasses Global Peers from 2010 to 2023, Says UNCTAD Report

June 17, 2025 – As per the recent UNCTAD report, “Key Statistics and Trends in International Trade 2024,”  India has emerged as one of the fastest-growing major economies in terms of world export share from 2010 to 2023. During this time, India routinely exported more than other major economies, such as the EU, China, and the US.

On Tuesday, an official statement said that India’s proportion in global exports grew by an amazing 6.3% over the past 13 years, which was the greatest growth rate among major nations.

India Leads Export Growth Among Global Majors

In 2023, India’s service exports grew by 11.4%, reaching $345 billion. On the other side, China’s service exports dropped by 10.1%. In 2024-25, India’s overall exports reached a record high of $824.9 billion, which is 6.01% more than the year before. This strong growth puts India ahead of big economies like:

• China (6.1%)
• European Union (3.9%)
• United States (3.9%)

Japan and Russia, two advanced countries, witnessed very small improvements or no change in their export proportions. This makes India’s success stand out even more.

Consistent Uptrend Driven by Trade Policies and Global Integration

India’s export trajectory – marked by a steady and resilient upward trend, is attributed to:

• Proactive trade policy frameworks
• Strengthening of manufacturing and services sectors
• Impactful export promotion initiatives
• Deeper integration into global supply chains

These strategic enablers have positioned India as a reliable global trade partner across various sectors.

Export Value Nearly Triples in 15 Years

India’s total exports rose significantly over the years:

• USD 274.8 billion in 2009-10
• USD 776.3 billion in 2022-23
• USD 825 billion in 2024-25

This nearly threefold increase underscores the momentum in India’s international trade growth.

The data reflects a sustained push by India to diversify its export basket, strengthen global linkages, and build trade resilience amid global economic fluctuations.

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