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WTO’s WTSR 2023 Report: India Ranked 18th

Published on August 09, 2023
Current Context: World Trade Statistical Review 2023 report by the World Trade Organization provides key data and analysis on global trade in merchandise and commercial services in 2022 and early 2023.
WTO’s WTSR 2023 Report: India Ranked 18th
  • According to the report, India ranked 18th among the leading exporters in world merchandise trade in 2022, with a value of $453 billion and a share of 1.8%.
  • India also ranked 9th among the merchandise importers, with a value of $723 billion and a share of 2.8%1. India performed better in world trade in commercial services, ranking 7th among exporters and 9th among importers.
  • The report also highlights the impact of the COVID-19 pandemic, the war in Ukraine, inflation, monetary tightening, and debt distress on world trade and economic growth.

Question:

Q.1 What was India’s rank among the leading exporters in world merchandise trade in 2022?
a. 7th
b. 9th
c. 18th
d. 28th
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