Answer: Petroleum Products
Notes: Petroleum products, including refined petroleum, are India's largest export item by value. They contribute about $60-65 billion annually, accounting for 13-14% of India's total exports. Petroleum exports surpassed gems, jewellery, and engineering goods in value in recent years. Engineering goods contribute $110-120 billion but include diverse commodities. Official export data from 2022-2024 rank petroleum exports at the top by value.
