India's merchandise exports recorded a flat growth from $31.8 billion in November 2021 to $31.99 billion in November 2022, while merchandise trade deficit stood at $23.89 billion, down from $26.91 billion in October 2022. Merchandise imports rose from $53 billion in November 2021 to $55.88 billion in November 2022. During April-November 2022, exports stood at $295.26 billion.