Ministry of Commerce & Industry
azadi ka amrit mahotsav

India achieves an all-time high annual merchandise exports, touching USD 417.81 billion in FY 2021-22, an increase of 43.18% over USD 291.81 billion in previous fiscal

For the first time, monthly merchandise exports exceed USD 40 Billion, reaching USD 40.38 billion in March 2022, an increase of 14.53% over March 2021

INDIA’S MERCHANDISE TRADE: Preliminary Data March 2022

Posted On: 04 APR 2022 4:01PM by PIB Delhi

India achieved an all-time high annual merchandise exports of USD 417.81 billion in FY 2021-22, an increase of 43.18% over USD 291.81 billion in FY2020-21 and an increase of 33.33% over USD 313.36 billion in FY2019-20.

https://static.pib.gov.in/WriteReadData/userfiles/image/image0011JLU.png  https://static.pib.gov.in/WriteReadData/userfiles/image/image002SXFY.png

For the first time, India’s monthly merchandise exports exceeded USD 40 Billion, reaching USD 40.38 billion in March 2022, an increase of 14.53% over USD 35.26 billion in March 2021 and an increase of 87.89% over USD 21.49 billion in March 2020.

India’s merchandise import in March 2022 was USD 59.07 billion, an increase of 20.79% over USD 48.90 billion in March 2021 and an increase of 87.68% over USD 31.47 billion in March 2020.

https://static.pib.gov.in/WriteReadData/userfiles/image/image003E0WK.png https://static.pib.gov.in/WriteReadData/userfiles/image/image004ROTR.png

India’s merchandise import in April 2021-March 2022 was USD 610.22 billion, an increase of 54.71% over USD 394.44 billion in April 2020-March 2021 and an increase of 28.55% over USD 474.71 billion in April 2019-March 2020.

The trade deficit in March 2022 was USD 18.69 billion, while it was USD 192.41 billion during April 2021-March 2022.

 

Statement 1: India’s Total Trade in Merchandise goods in March2022

 

Value in Billion USD

% Growth

Mar-22

Mar-21

Mar-20

Mar-22 over Mar-21

Mar-22 over Mar-20

Exports

40.38

35.26

21.49

14.53

87.89

Imports

59.07

48.90

31.47

20.79

87.68

Deficit

18.69

13.64

9.98

36.97

87.23

 

 

Statement 2: India’s Total Trade in Merchandise goods in Apr 2021-Mar2022

 

Value in Billion USD

% Growth

Apr21-Mar22

Apr20-Mar21

Apr19-Mar20

Apr21-Mar22 over Apr20-Mar21

Apr21-Mar22 over Apr19-Mar20

Exports

417.81

291.81

313.36

43.18

33.33

Imports

610.22

394.44

474.71

54.71

28.55

Deficit

192.41

102.63

161.35

87.49

19.25

 

 

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https://static.pib.gov.in/WriteReadData/userfiles/image/image0066YRB.png

 

Value of non-petroleum exports in March 2022 was 33.00 USD billion, registering a positive growth of 4.28% over non-petroleum exports of USD 31.65 billion in March 2021 and a positive growth of 73.94% over non-petroleum exports of USD 18.97 billion in March 2020.

 

Value of non-petroleum imports was USD 40.66 billion in March 2022 with a positive growth of 5.26% over non-petroleum imports of USD 38.63 billion in March 2021 and a positive growth of 89.79% over non-petroleum imports of USD 21.42 billion in March 2020.

 

Statement 3: Merchandise Non-POL Trade in March 2022

 

Value in Billion USD

% Growth

 

Mar-22

Mar-21

Mar-20

Mar-22 over Mar-21

Mar-22 over Mar-20

Exports

33.00

31.65

18.97

4.28

73.94

Imports

40.66

38.63

21.42

5.26

89.79

 

The cumulative value of non-petroleum exports in April 2021-March 2022 was USD 352.76 billion, an increase of 32.62% over USD 266.00 billion in April 2020-March 2021 and an increase of 29.66% over USD 272.07 billion in April 2019-March 2020.

 

The cumulative value of non-petroleum imports in April 2021-March 2022 was USD 449.54 billion, showing an increase of 44.2% compared to non-oil imports of USD 311.75 billion in April 2020-March 2021 and an increase of 30.62% compared to non-oil imports of USD 344.16 billion in April 2019-March 2020.

 

Statement 4: Merchandise Non-POL Trade Apr 2021-Mar 2022

 

Value in Billion USD

% Growth

 

Apr21-Mar22

Apr20-Mar21

Apr19-Mar20

Apr21-Mar22 over Apr20-Mar21

Apr21-Mar22 over Apr19-Mar20

Exports

352.76

266.00

272.07

32.62

29.66

Imports

449.54

311.75

344.16

44.20

30.62

 

Value of non-petroleum and non-gems and jewellery exports in March 2022 was USD 29.38 billion, registering a positive growth of 4.79% over non-petroleum and non-gems and jewellery exports of USD 28.03 billion in March 2021 and a positive growth of 73.28% over non-petroleum and non-gems and jewellery exports of USD 16.95 billion in March 2020.

 

Value of non-oil, non-GJ (gold, silver & Precious metals) imports was USD 36.18 billion in March 2022 with a positive growth of 31.21% over non-oil and non-GJ imports of USD 27.58 billion in March 2021 and a positive growth of 93.52% over non-oil and non-GJ imports of USD 18.70 billion in March 2020.

 

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

 

Value in Billion USD

% Growth

 

Mar-22

Mar-21

Mar-20

Mar-22 over Mar-21

Mar-22 over Mar-20

Exports

29.38

28.03

16.95

4.79

73.28

Imports

36.18

27.58

18.70

31.21

93.52

 

The cumulative value of non-petroleum and non-gems and jewellery exports in April 2021-March 2022 was USD 313.82 billion, an increase of 30.77% over cumulative value of non-petroleum and non-gems and jewellery exports of USD 239.98 billion in April 2020-March 2021 and an increase of 32.88% over cumulative value of non-petroleum and non-gems and jewellery exports of USD 236.17 billion in April 2019-March 2020.

 

Non-oil, non-GJ (Gold, Silver & Precious Metals) imports was USD 369.19 billion in April 2021-March 2022, recording a positive growth of 43.39%, as compared to non-oil and non-GJ imports of USD 257.47 billion in April 2020-March 2021 and a positive growth of 26.98% over USD 290.74 billion in April 2019-March 2020.

 

Statement 6: Merchandise Non-POL Non-GJ Trade Apr 2021-Mar 2022

 

Value in Billion USD

% Growth

 

Apr21-Mar22

Apr20-Mar21

Apr19-Mar20

Apr21-Mar22 over Apr20-Mar21

Apr21-Mar22 over Apr19-Mar20

Exports

313.82

239.98

236.17

30.77

32.88

Imports

369.19

257.47

290.74

43.39

26.98

 

 

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

 

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

 

Value of Export (Million US$)

Share (%)

Growth (%)

Major Commodity Group

Mar-22

Mar-21

Mar-22

Mar-22 over Mar-21

Engineering goods                                          

10470.80

9298.36

25.93

12.61

Petroleum products                                         

7377.07

3609.36

18.27

104.39

Gems and Jewellery                                         

3624.34

3613.01

8.98

0.31

Organic and Inorganic chemicals                            

2649.59

2288.87

6.56

15.76

Drugs and Pharmaceuticals                                  

2261.65

2295.05

5.60

-1.46

Electronic goods                                           

1740.56

1400.67

4.31

24.27

RMG of all Textiles                                        

1661.50

1425.95

4.11

16.52

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

1290.26

1105.05

3.20

16.76

Rice                                                       

985.48

1116.54

2.44

-11.74

Plastic and Linoleum                                       

811.53

719.54

2.01

12.78

Total of 10 Major Commodity Groups

32872.78

26872.40

81.41

22.33

Rest

7506.82

8384.20

18.59

-10.46

Total Exports

40379.59

35256.60

100.00

14.53

 

 

 

Top 10 major commodity groups covering 81% of total imports in March 2022, are – 

 

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

 

Import (Million US$)

Share (%)

Growth (%)

Major Commodity Group

Mar-22

Mar-21

Mar-22

Mar-22 over Mar-21

Petroleum, Crude & products

18406.97

10271.38

31.16

79.21

Electronic goods

8293.79

5864.15

14.04

41.43

Coal, Coke & Briquettes, etc.

4390.95

1735.74

7.43

152.97

Machinery, electrical & non-electrical

3457.83

3513.68

5.85

-1.59

Pearls, precious & Semi-precious stones

3337.02

2547.27

5.65

31.00

Organic & Inorganic Chemicals

2720.91

2102.57

4.61

29.41

Transport equipment

1993.64

2210.75

3.38

-9.82

Artificial resins, plastic materials, etc.

1861.93

1719.92

3.15

8.26

Vegetable Oil

1674.59

1076.81

2.84

55.51

Fertilisers, Crude & manufactured

1615.96

204.16

2.74

691.50

Total of 10 Major Commodity Groups

47753.59

31246.42

80.85

52.83

Rest

11312.37

17652.44

19.15

-35.92

Total Imports

59065.96

48898.86

100.00

20.79

 

 

Top 10 major commodity groups covering 80% of total exports in April 2021-March 2022, are – 

 

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

 

Value of Export (Million US$)

Share (%)

Growth (%)

Major Commodity Group

Apr21-Mar22

Apr20-Mar21

Apr21-Mar22

Apr21-Mar22 over Apr20-Mar21

Engineering goods                                          

111632.94

76719.60

26.72

45.51

Petroleum products                                         

65044.80

25804.37

15.57

152.07

Gems and Jewellery                                         

38942.88

26022.82

9.32

49.65

Organic and Inorganic chemicals                            

29152.67

22088.48

6.98

31.98

Drugs and Pharmaceuticals                                  

24475.36

24444.03

5.86

0.13

RMG of all Textiles                                        

15936.70

12272.21

3.81

29.86

Electronic goods                                           

15588.06

11093.29

3.73

40.52

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

15244.20

9827.89

3.65

55.11

Plastic and Linoleum                                       

9783.35

7462.85

2.34

31.09

Rice                                                       

9625.50

8829.21

2.30

9.02

Total of 10 Major Commodity Groups

335426.46

224564.75

80.28

49.37

Rest

82382.75

67243.73

19.72

22.51

Total Exports

417809.21

291808.48

100.00

43.18

 

Top 10 major commodity groups covering 77% of total imports in April 2021-March 2022, are – 

 

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

 

Import (Million US$)

Share (%)

Growth (%)

Major Commodity Group

Apr21-Mar22

Apr20-Mar21

Apr21-Mar22

Apr21-Mar22 over Apr20-Mar21

Petroleum, Crude & products

160683.24

82683.87

26.33

94.33

Electronic goods

73067.90

54287.93

11.97

34.59

Gold

46140.66

34603.92

7.56

33.34

Machinery, electrical & non-electrical

39853.08

30084.48

6.53

32.47

Coal, Coke & Briquettes, etc.

31514.97

16274.53

5.16

93.65

Pearls, precious & Semi-precious stones

30927.82

18887.96

5.07

63.74

Organic & Inorganic Chemicals

30222.86

19825.35

4.95

52.45

Transport equipment

20206.07

18649.18

3.31

8.35

Artificial resins, plastic materials, etc.

20104.96

13510.01

3.29

48.82

Vegetable Oil

18931.51

11089.11

3.10

70.72

Total of 10 Major Commodity Groups

471653.07

299896.33

77.29

57.27

Rest

138568.35

94539.54

22.71

46.57

Total Imports

610221.42

394435.87

100.00

54.71

 

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AM/ MS/ PK

 



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