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India's merchandise exports rise by 16.78 % to $37.94 billion in June 2022

The trade deficit widened to a record $25.63 billion during the month as compared with $9.61 billion in June 2021

The commerce ministry in its latest data has showed that India's merchandise exports rose by 16.78 per cent to $37.94 billion in June 2022 as compared to $32.49 billion in the same month last year. India’s merchandise import in June 2022 was $63.58 billion, an increase of 51.02% over $42.1 billion in June 2021. The trade deficit widened to a record $25.63 billion during the month as compared with $9.61 billion in June 2021. India’s merchandise export in April-June 2022-23 was $116.77 billion with an increase of 22.22% over $95.54 billion in April-June 2021-22. India’s merchandise imports in April-June 2022-23 was $187.02 billion with an increase of 47.31% over $126.96 billion in April-June 2021-22.

According to the data, value of non-petroleum exports in June 2022 was $30.12 billion, registering a positive growth of 5.53% over non-petroleum exports of $28.54 billion in June 2021. The cumulative value of non-petroleum exports in April-June 2022-23 was $92.49 billion, an increase of 11.92% over $82.65 billion in April-June 2021-22. Value of non-petroleum and non-gems and jewellery exports in June 2022 was $26.75 billion, registering a positive growth of 4.0% over non-petroleum and non-gems and jewellery exports of $25.72 billion in June 2021. The cumulative value of non-petroleum and non-gems and jewellery exports in April-June 2022-23 was $82.43 billion, an increase of 12.19% over cumulative value of non-petroleum and non-gems and jewellery exports of $73.47 billion in April-June 2021-22. Petroleum products (98.01%), Electronic goods (50.66%) and RMG of all Textiles (44.67%) led the way in high increase in exports during June 2022.

It further indicated that value of non-petroleum imports was $42.84 billion in June 2022 with a positive growth of 36.36% over non-petroleum imports of $31.42 billion in June 2021. The cumulative value of non-petroleum imports in April-June 2022-23 was $126.95 billion, showing an increase of 32.18% compared to non-oil imports of $96.04 billion in April-June 2021-22. Value of non-oil, non-GJ (gold, silver & Precious metals) imports was $36.7 billion in June 2022 with a positive growth of 31.71% over non-oil and non-GJ imports of $27.87 billion in June 2021. Non-oil, non-GJ (Gold, Silver & Precious Metals) imports in April-June 2022-23 was $107.14 billion, recording a positive growth of 32.55%, as compared to non-oil and non-GJ imports of $80.83 billion in April-June 2021-22.