Gujarat emerges as India’s top exporter for third consecutive year

With total exports pegged at INR 12 lakhs crore, Gujarat in FY 2022-23 becomes India’s top exporter for the third consecutive year. With exports 27% higher than that made in 2021-22, Gujarat’s share in India’s total exports in 2022-23 remained 33%. In 2021-22 it was 30%.

Earlier, Maharashtra was ranked as the top exporter, with Gujarat bagging the second position. However, in 2020-21, Gujarat overtook Maharashtra with a narrow margin but thereafter the gap has increased and Gujarat has left Maharashtra far behind.

The full implementation of GST has helped the Director General of Foreign Trade (DGFT) get accurate figures of export from all states.

As official from DGFT said, “In 2020-21, we started getting accurate data from the states but that year the world was under Covid-induced lockdown. Thereafter, Gujarat’s export figures jumped over 100%.’’

Exporters say the major contribution to Gujarat’s export figures is petroleum products. The war between Russia and Ukraine, has resulted in a significant rise in India’s import of crude from Russia and export of refined petroleum products. India’s export of petroleum products increased more than 60% in last financial year and Gujarat was the major contributor.

Apart from petroleum, other major exporting items from Gujarat include ceramics, pharma, engineering goods, jems and jewellery, and chemicals. After implementation of GST, many Surat-based diamond units have started exporting from Surat instead of doing it from Mumbai where they have their offices.

According to exporters the weak rupee against dollar has also helped them in offering competitive rates in the international markets, enabling them to reduce their margins to give a tough fight to our competitors and get more orders.  

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