India’s merchandise export in April -August 2022-23 reaches USD 192.59 bn, 17.1 per cent increase from last year
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
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 2022-23was
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 2021-22.
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 2022-23was
USD 218.44 billion, showing an increase of 32.02% compared to non-oil imports
of USD 165.46 billion in April -August 2021-22.
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 |
|
|
|
|
|
|
|
|