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India’s Merchandise Exports to Asia: A Constant Market Share Analysis


  • Mohd Fayaz
  • Sandeep Kaur


The present study attempts to examine the structural changes in Indian merchandise exports to Asia during the period 1980–2016 by using Constant Market Share (CMS) analysis. The index values of the CMS analysis suggest that India has mostly maintained and strengthened its export market share primarily in resource-based and low tech/labour-intensive products. Major technology-intensive exports include organic chemicals and dyes and colouring materials to all its export destinations in Asia. The market effect result shows a positive impact on India’s export performance which suggests that India has diversified its exports to South Asia, Southeast Asia and West and Central Asia. However, market adaptation effect result shows negative impact in East Asian market which means that India is lacking in adapting the import structure of this market. JEL Codes: F1, F14, F43, L6, O53

Suggested Citation

  • Mohd Fayaz & Sandeep Kaur, 2022. "India’s Merchandise Exports to Asia: A Constant Market Share Analysis," Foreign Trade Review, , vol. 57(2), pages 178-197, May.
  • Handle: RePEc:sae:fortra:v:57:y:2022:i:2:p:178-197
    DOI: 10.1177/00157325211072923

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    References listed on IDEAS

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    More about this item


    Exports; Technology; India; Asia;
    All these keywords.

    JEL classification:

    • F1 - International Economics - - Trade
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
    • L6 - Industrial Organization - - Industry Studies: Manufacturing
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East


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