The purpose of this paper is to investigate the export performance of India with ASEAN countries using the Constant Market Share method for the period 2001-2019. India’s trade with ASEAN and its members is analyzed by using HS-2 digit data. The evaluation of India’s export performance is based on the “market share effect”, “commodity composition effect”, and “commodity adaptation effect”. The results reveal that the increase in India’s export performance stemmed mostly from a positive “market share effect” and least from the “commodity composition effect”. The “commodity adaptation effect” has improved during the same period. These findings lead us to conclude that India has an opportunity to find new trading partners within ASEAN and enhance its exports to those nations. It is through taking the benefits of the FTA, India can reduce its trade deficit.
