Merchandise Trade Indices:
Directorate General of Commercial Intelligence and Statistics revised base year of Merchandise Trade Indices to FY 2022–23 to reflect current trade structure and global patterns.
- It is compiled and published by the Directorate General of Commercial Intelligence and Statistics (DGCI&S), Ministry of Commerce & Industry.
- It measures changes in the unit values (prices) of India’s exports and imports over time.
- Base Year: It was revised from FY 2012–13 to FY 2022–23.
- The Revised Series includes:
- Monthly, Quarterly and Annual Indices (Export Unit Value Index, Import Unit Value Index)
- Principal Commodity (PC) Classification wise Trade Indices (Export/Import)
- Standard International Trade Classification-wise (SITC) Trade Indices
- Broad economic categories-wise (BEC) Trade Indices
- Bilateral and Region-wise Trade Indices of Top 20 Export and Import partner nations of India
- Terms of Trade (Gross terms of trade, Net terms of trade and Income terms of trade)
- These indices serve as important indicators of external sector price movements and are widely used for economic analysis, including national accounts compilation and assessment of terms of trade.
