India’s merchandise export in April -August 2022-23 was USD 192.59 billion with an increase of 17.1% over USD 164.44 billion in April -August 2021-22.

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India’s merchandise export in April -August 2022-23 was USD 192.59 billion with an increase of 17.1% over USD 164.44 billion in April -August 2021-22.

Ministry of Commerce & Industry India’s merchandise export in April -August 2022-23 was USD 192.59 billion with an increase of 17.1% over U

Ministry of Commerce & Industry

azadi ka amrit mahotsav

India’s merchandise export in April -August 2022-23 was USD 192.59 billion with an increase of 17.1% over USD 164.44 billion in April -August 2021-22.

The export of non-petroleum and non-gems and jewellery in April -August 2022-23 was USD 135.49 billion, an increase of 8.4% over cumulative value of non-petroleum and non-gems and jewellery exports of USD 124.99 billion in April -July 2021-22.

India has achieved merchandise export of USD 33.0 billion in August 2022, almost at similar levels of USD 33.38  billion in August 2021.

Services exports surging at 25% growth in four months upto July’22

INDIA’S MERCHANDISE TRADE: Preliminary Data of August 2022

Posted On: 03 SEP 2022 6:34PM by PIB Delhi

India has achieved merchandise export of USD 33.0 billion in August 2022, almost at similar levels of USD 33.38  billion in August 2021.

Value of non-petroleum exports in August 2022 was 28.09 USD billion, registering a negative growth of only 2.22% over non-petroleum exports of USD 28.73 billion in August 2021. The value of non-petroleum exports in April -August 2022-23 was USD 152.29 billion, an increase of 7.97% over USD 141.05 billion in April -August 2021-22.

Value of non-petroleum and non-gems and jewellery exports in August 2022 was USD 24.8 billion, registering a negative growth of 1.96% over non-petroleum and non-gems and jewellery exports of USD 25.29 billion in August 2021. The cumulative value of non-petroleum and non-gems and jewellery exports in April -August 202223was USD 135.49 billion, an increase of 8.4% over cumulative value of non-petroleum and non-gems and jewellery exports of USD 124.99 billion in April -August 202122.

Amongst the major products, exports of Electronic goods (50.68%) , Rice (42.32%), Organic and Inorganic chemicals (13.35%) registered impressive growth during August 2022.

India’s merchandise import in August 2022 was USD 61.68 billion, an increase of 36.78% over USD 45.09 billion in August 2021. India’s merchandise imports in April -August 2022-23 was USD 317.81 billion with an increase of 45.64% over USD 218.22 billion in April -August 2021-22.

Value of non-petroleum imports was USD 44.07 billion in August 2022 with a positive growth of 23.63% over non-petroleum imports of USD 35.65 billion in August 2021.The cumulative value of non-petroleum imports in April -August 202223was USD 218.44 billion, showing an increase of 32.02% compared to non-oil imports of USD 165.46 billion in April -August 202122.

Value of non-oil, non-GJ (gold, silver & Precious metals) imports was USD 37.46 billion in August 2022 with a positive growth of 40.37%over non-oil and non-GJ imports of USD 26.69 billion in August 2021.Non-oil, non-GJ (Gold, Silver & Precious Metals) imports in April -August 2022-23 was USD 184.98 billion, recording a positive growth of 37.59%, as compared to non-oil and non-GJ imports of USD 134.44 billion in April -August 2021-22.

The import surge reflects the strong demand of the domestic economy due to robust growth and strong fundamentals of the Indian economy. In value terms, the surge in imports is due to a combination of quantity and price factors. High increase in import values in August 2022 have been witnessed in the following major commodity groups Coal, Coke & Briquettes, etc.(133.64%), Petroleum, Crude & products (86.44%), Organic & Inorganic Chemicals (42.73%), Vegetable Oil (41.55%)

Statement1:India’sTotal Trade in Merchandise goods in August 2022

Value in Billion USD

%Growth

AUGUST’22

AUGUST’21

AUGUST’22vsAUGUST’21

Exports

33.00

33.38

-1.15

Imports

61.68

45.09

36.78

Deficit

28.68

11.71

Statement 2: India’s Total Trade in Merchandise goods in April-August 2022-23

Value in Billion USD

% Growth

APR’22-AUGUST’22

APR’21-AUGUST’21

APR-AUGUST 2022-23 vs APR-AUGUST 2021-22

Exports

192.59

164.44

17.12

Imports

317.81

218.22

45.64

Deficit

125.22

53.78

Statement 3: Merchandise Non-POL Trade in August 2022

Value in Billion USD

% Growth

AUGUST’22

AUGUST’21

AUGUST’22 vs AUGUST’21

Exports

28.09

28.73

-2.22

Imports

44.07

35.65

23.63

Statement 4: Merchandise Non-POL Trade in April-August 2022-23

Value in Billion USD

% Growth

APR’22-AUGUST’22

APR’21-AUGUST’21

APR-AUGUST 2022-23 vs APR-AUGUST 2021-22

Exports

152.29

141.05

7.97

Imports

218.44

165.46

32.02

Statement 5: Merchandise Non-POL Non-GJ Trade in August 2022

Value in Billion USD

% Growth

AUGUST’22

AUGUST’21

AUGUST’22 vs AUGUST’21

Exports

24.80

25.29

-1.96

Imports

37.46

26.69

40.37

Statement 6: Merchandise Non-POL Non-GJ Trade in April-August 2022-23

Value in Billion USD

% Growth

APR’22-AUGUST’22

APR’21-AUGUST’21

APR-AUGUST 2022-23 vs APR-AUGUST 2021-22

Exports

135.49

124.99

8.40

Imports

184.98

134.44

37.59

Top 10 major commodity groups covering 81% of total exports in August 2022, are – 

Statement 7: Exports of Top 10 Major Commodity Groups in August 2022

 

Value of Export (Million US$)

Share (%)

Growth (%)

Major Commodity Group

August-22

August-21

August-22

August-22 over August-21

Engineering goods                                          

8253.47

9663.09

25.01

-14.59

Petroleum products                                         

4907.81

4655.35

14.87

5.42

Gems and Jewellery                                         

3292.64

3432.63

9.98

-4.08

Organic and Inorganic chemicals                            

2528.68

2230.85

7.66

13.35

Drugs and Pharmaceuticals                                  

2141.64

2008.88

6.49

6.61

Electronic goods                                           

1727.46

1146.43

5.24

50.68

RMG of all Textiles                                        

1232.70

1237.84

3.74

-0.42

Rice                                                       

1032.48

725.45

3.13

42.32

Cotton Yarn/Fabs./Madeups, Handloom products etc.          

881.86

1302.91

2.67

-32.32

Plastic and Linoleum                                       

744.43

755.53

2.26

-1.47

Total of 10 Major Commodity Groups

26743.17

27158.96

81.05

-1.53

Rest

6253.54

6221.78

18.95

0.51

Total Exports

32996.71

33380.73

100.00

-1.15

Top 10 major commodity groups covering 78% of total imports in August 2022, are – 

Statement 8: Imports of Top 10 Major Commodity Groups in August 2022

 

Value of Import (Million US$)

Share (%)

Growth (%)

Major Commodity Group

August-22

August-21

August-22

August-22 over August-21

Petroleum, Crude & products

17606.06

9443.19

28.54

86.44

Electronic goods

7277.88

5923.27

11.80

22.87

Coal, Coke & Briquettes, etc.

4530.57

1939.16

7.35

133.64

Machinery, electrical & non-electrical

3887.70

2917.63

6.30

33.25

Gold

3516.57

6702.92

5.70

-47.54

Organic & Inorganic Chemicals

2953.38

2069.22

4.79

42.73

Pearls, precious & Semi-precious stones

2414.97

2245.97

3.92

7.52

Artificial resins, plastic materials, etc.

2016.81

1372.13

3.27

46.98

Vegetable Oil

1890.43

1335.50

3.06

41.55

Iron & Steel

1762.60

1335.58

2.86

31.97

Total of 10 Major Commodity Groups

47856.98

35284.57

77.59

35.63

Rest

13822.61

9808.29

22.41

40.93

Total Imports

61679.59

45092.86

100.00

36.78

Top 10 major commodity groups covering 81% of total exports in April 2021-August 2022, are – 

Statement 9: Exports of Top 10 Major Commodity Groups in April 2021-August 2022

 

Value of Export (Million US$)

Share (%)

Growth (%)

Major Commodity Group

Apr’22-August’22

Apr’21-August’21

Apr’21-August’22

Apr’22-August’23 over Apr’21-August’22

Engineering goods                                          

46592.85

45101.04

24.19

3.31

Petroleum products                                         

40295.06

23386.97

20.92

72.30

Gems and Jewellery                                         

16804.10

16064.07

8.73

4.61

Organic and Inorganic chemicals                            

13341.10

11531.76

6.93

15.69

Drugs and Pharmaceuticals                                  

10523.44

9943.39

5.46

5.83

Electronic goods                                           

8287.75

5358.81

4.30

54.66

RMG of all Textiles                                        

7104.51

6032.76

3.69

17.77

Cotton Yarn/Fabs./Madeups, Handloom products etc.          

4991.03

5984.47

2.59

-16.60

Rice                                                       

4685.51

3848.56

2.43

21.75

Plastic and Linoleum                                       

3898.52

4159.35

2.02

-6.27

Total of 10 Major Commodity Groups

156523.87

131411.18

81.27

-16.0

Rest

36064.45

33024.92

18.73

-8.4

Total Exports

192588.32

164436.1

100

17.12

Top 10 major commodity groups covering 79% of total imports in April 2021-August 2022, are – 

Statement 10: Imports of Top 10 Major Commodity Groups in April 2021-August 2022

 

Value of Import (Million US$)

Share (%)

Growth (%)

Major Commodity Group

Apr’22-August’22

Apr’21-August’21

Apr’21-August’22

Apr’22-August’23 over Apr’21-August’22

Petroleum, Crude & products

99371.29

52757.47

31.27

88.35

Electronic goods

32654.14

25143.27

10.27

29.87

Coal, Coke & Briquettes, etc.

26811.63

9770.50

8.44

174.41

Machinery, electrical & non-electrical

18198.63

14954.16

5.73

21.70

Gold

16377.34

18791.04

5.15

-12.84

Organic & Inorganic Chemicals

16259.67

11515.06

5.12

41.20

Pearls, precious & Semi-precious stones

13948.64

12161.67

4.39

14.69

Artificial resins, plastic materials, etc.

10568.21

7593.68

3.33

39.17

Vegetable Oil

9156.24

6862.47

2.88

33.42

Non-ferrous metals

8677.84

6493.99

2.73

33.63

Total of 10 Major Commodity Groups

252023.63

166043.32

79.30

51.78

Rest

65784.35

52173.50

20.70

26.09

Total Imports

317807.98

218216.82

100.00

45.64

India’s Services Trade performance

India’s Exports of Services are surging.

Services Exports of USD 94.757 Billion for the period April’22 to July’22 are significantly higher (26.78%) than the corresponding export value of USD 74.740 Billion for the period April’21 to July’22.

Services Trade Balance of USD 35.814 Billion for the period April’22 to July’22 has shown a healthy growth of 7.62% compared to the corresponding Services Trade Balance of USD 33.279 Billion for the period April’21 to July’22.

Services Exports in FY 2022-23 are projected to be significantly higher than last year’s Services exports of USD 254.53 and are on course to break all past records.

Exports

           
 

                                                                         

   

                                                    

                                    (Values in US $ Million)

S. No.

Month

Receipts (Exports)

Month

Receipts (Exports)

Increase

Growth (%)

           1

April 2021

         18,056

April 2022

         22,594

          4,538

            25.13

           2

May 2021

         17,861

 May 2022

         23,606

          5,745

              32.17

           3

 June 2021

         20,299

 June 2022

         25,292

          4,993

              24.60

           4

 July 2021

         18,524

 July 2022

         23,265

          4,741

              25.59

 Total

         74,740

         94,757

        20,017

       26.78

             

Imports

           
         

(Values in US $ Million)

S. No.

Month

Payments (Imports)

Month

Payments (Imports)

Growth

Growth (%)

1

April 2021

9,620

April 2022

14,052

          4,432

          46.07

2

May 2021

9,948

 May 2022

15,195

          5,247

              52.74

3

 June 2021

10,836

 June 2022

15,767

          4,931

              45.51

4

 July 2021

11,057

 July 2022

13,929

          2,872

              25.97

Total

41,461

58,943

        17,482

      42.16

             

***

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