India’s merchandise export in January 2022 increases by 23.69% to USD 34.06 billion over USD 27.54 billion in January 2021; records increase of 31.75% over USD 25.85 billion in January 2020
India’s merchandise export in 2021-22 (April-January) rises by 46.53% to USD 335.44 billion over USD 228.9 billion in 2020-21 (April-January); marks an increase of 27.0% over USD 264.13 billion in 2019-20 (April-January)
INDIA’S MERCHANDISE TRADE: Preliminary Data January 2022
India’s merchandise import in January 2022 was USD 52.01 billion, an increase of 23.74% over USD 42.03 billion in January 2021 and an increase of 26.38% over USD 41.15 billion in January 2020.
India’s merchandise import in 2021-22 (April-January) was USD 495.83 billion, an increase of 62.68% over USD 304.79 billion in 2020-21 (April-January) and an increase of 22.3% over USD 405.33 billion in 2019-20 (April-January).
The trade deficit in January 2022 was USD 17.94 billion, while it was 160.38 billion USD during 2021-22 (April-January).
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Statement 1: India’s Merchandise Trade in January 2022
|
|
|
Value in Billion USD
|
% Growth
|
|
Jan-22
|
Jan-21
|
Jan-20
|
Jan-22 over Jan-21
|
Jan-22 over Jan-20
|
|
Exports
|
34.06
|
27.54
|
25.85
|
23.69
|
31.75
|
|
Imports
|
52.01
|
42.03
|
41.15
|
23.74
|
26.38
|
|
Deficit
|
17.94
|
14.49
|
15.30
|
23.82
|
17.30
|
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Statement 2: India’s Merchandise Trade in 2021-22 (April-January)
|
|
|
Value in Billion USD
|
% Growth
|
|
|
2021-22 (Apr-Jan)
|
2020-21 (Apr-Jan)
|
2019-20 (Apr-Jan)
|
2021-22 (Apr-Jan) over
2020-21 (Apr-Jan)
|
2021-22 (Apr-Jan) over
2019-20 (Apr-Jan)
|
|
Exports
|
335.44
|
228.90
|
264.13
|
46.53
|
27.0
|
|
Imports
|
495.83
|
304.79
|
405.33
|
62.68
|
22.30
|
|
Deficit
|
160.38
|
75.87
|
141.2
|
112.97
|
13.51
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Value of non-petroleum exports in January 2022 was 30.33 USD billion, registering a positive growth of 19.4% over non-petroleum exports of USD 25.4 billion in January 2021 and a positive growth of 33.81% over non-petroleum exports of USD 22.67 billion in January 2020.
Value of non-petroleum imports was USD 40.57 billion in January 2022 with a positive growth of 24.44% over non-petroleum imports of USD 32.61 billion in January 2021 and a positive growth of 44.19% over non-petroleum imports of USD 28.14 billion in January 2020.
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Statement 3: Merchandise Non-POL Trade in January 2022
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|
|
Value in Billion USD
|
% Growth
|
|
|
Jan-22
|
Jan-21
|
Jan-20
|
2021-22 (Apr-Jan)
|
2020-21 (Apr-Jan)
|
|
Exports
|
30.33
|
25.40
|
22.67
|
19.40
|
33.81
|
|
Imports
|
40.57
|
32.61
|
28.14
|
24.44
|
44.19
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The cumulative value of non-petroleum exports in 2021-22 (Apr-Jan) was USD 287.84 billion, an increase of 37.59% over USD 209.19 billion in 2020-21 (Apr-Jan) and an increase of 25.8% over USD 228.8 billion in 2019-20 (Apr-Jan).
The cumulative value of non-petroleum imports in 2021-22 (Apr-Jan) was USD 366.14 billion, showing an increase of 51.67% compared to non-oil imports of USD 241.41 billion in 2020-21 (Apr-Jan) and an increase of 23.86% compared to non-oil imports of USD 295.61 billion in 2019-20 (Apr-Jan).
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Statement 4: Merchandise Non-POL Trade 2021-22 (Apr-Jan)
|
|
|
Value in Billion USD
|
% Growth
|
|
|
2021-22(Apr-Jan)
|
2021-22 (Apr-Jan)
|
2019-20(Apr-Jan)
|
2021-22 (Apr-Jan) over
2020-21 (Apr-Jan)
|
2021-22 (Apr-Jan) over
2019-20 (Apr-Jan)
|
|
Exports
|
287.84
|
209.19
|
228.80
|
37.59
|
25.8
|
|
Imports
|
366.14
|
241.41
|
295.61
|
51.67
|
23.86
|
Value of non-petroleum and non-gems and jewellery exports in January 2022 was USD 27.09 billion, registering a positive growth of 20.1% over non-petroleum and non-gems and jewellery exports of USD 22.56 billion in January 2021 and a positive growth of 36.92% over non-petroleum and non-gems and jewellery exports of USD 19.79 billion in January 2020.
Value of non-oil, non-GJ (gold, silver & Precious metals) imports was USD 35.22 billion in January 2022 with a positive growth of 33.6%over non-oil and non-GJ imports of USD 26.36 billion in January 2021and a positive growth of 41.63% over non-oil and non-GJ imports of USD 24.87 billion in January 2020.
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Statement 5: Merchandise Non-POL Non-GJ Trade in January 2022
|
|
|
Value in Billion USD
|
% Growth
|
|
|
Jan-22
|
Jan-21
|
Jan-20
|
Jan-22 over Jan-21
|
Jan-22 over Jan-20
|
|
Exports
|
27.09
|
22.56
|
19.79
|
20.10
|
36.92
|
|
Imports
|
35.22
|
26.36
|
24.87
|
33.60
|
41.63
|
The cumulative value of non-petroleum and non-gems and jewellery exports in 2021-22 (April-January) was USD 255.69 billion, an increase of 34.95% over cumulative value of non-petroleum and non-gems and jewellery exports of USD 189.47 billion in 2020-21(April-January) and an increase of 29.18% over cumulative value of non-petroleum and non-gems and jewellery exports of USD 197.94 billion in 2019-20 (April-January).
Non-oil, non-GJ (Gold, Silver & Precious Metals) imports was USD 298.65 billion in 2021-22 (April-January), recording a positive growth of 45.06%, as compared to non-oil and non-GJ imports of USD 205.88 billion in 2020-21(April-January) and a positive growth of 19.54% over USD 249.83 billion in 2019-20 (April-January).
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Statement 6: Merchandise Non-POL Non-GJ Trade Apr 2021-Jan 2022
|
|
|
Value in Billion USD
|
% Growth
|
|
|
2021-22 (Apr-Jan)
|
2021-22 (Apr-Jan)
|
2019-20 (Apr-Jan)
|
2021-22 (Apr-Jan) over
2020-21 (Apr-Jan)
|
2021-22 (Apr-Jan) over
2019-20 (Apr-Jan)
|
|
Exports
|
255.69
|
189.47
|
197.94
|
34.95
|
29.18
|
|
Imports
|
298.65
|
205.88
|
249.83
|
45.06
|
19.54
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Top 10 major commodity groups covering 78% of total exports in January 2022,are –
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Statement 7: Exports of Top 10 Major Commodity Groups
|
| |
Value of Export (Million US$)
|
Share (%)
|
Growth (%)
|
|
Major Commodity Group
|
Jan-22
|
Jan-21
|
Jan-22
|
Jan-22 over Jan-21
|
|
Engineering goods
|
9201.76
|
7413.15
|
27.01
|
24.13
|
|
Petroleum products
|
3732.26
|
2136.00
|
10.96
|
74.73
|
|
Gems and Jewellery
|
3236.98
|
2843.62
|
9.50
|
13.83
|
|
Organic and Inorganic chemicals
|
2447.89
|
1942.16
|
7.19
|
26.04
|
|
Drugs and Pharmaceuticals
|
2054.24
|
2075.22
|
6.03
|
-1.01
|
|
Cotton Yarn/Fabs./Madeups, Handloom products etc.
|
1389.46
|
974.54
|
4.08
|
42.58
|
|
RMG of all Textiles
|
1549.00
|
1295.91
|
4.55
|
19.53
|
|
Electronic goods
|
1364.63
|
1180.09
|
4.01
|
15.64
|
|
Plastic and Linoleum
|
844.47
|
638.37
|
2.48
|
32.29
|
|
Rice
|
813.75
|
769.89
|
2.39
|
5.70
|
|
Total of 10 Major Commodity Groups
|
26634.46
|
21268.95
|
78.19
|
25.23
|
|
Rest
|
7428.41
|
6269.33
|
21.81
|
18.49
|
|
Total Exports
|
34062.87
|
27538.28
|
100.00
|
23.69
|
Top 10 major commodity groups covering 75% of total imports in January 2022, are –
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Statement 8: Imports of Top 10 Major Commodity Groups
|
| |
Import (Million US$)
|
Share (%)
|
Growth (%)
|
|
Major Commodity Group
|
Jan-22
|
Jan-21
|
Jan-22
|
Jan-22 over Jan-21
|
|
Petroleum, Crude & products
|
11431.59
|
9424.30
|
21.98
|
21.30
|
|
Electronic goods
|
8216.74
|
5256.61
|
15.80
|
56.31
|
|
Gold
|
2404.19
|
4035.23
|
4.62
|
-40.42
|
|
Machinery, electrical & non-electrical
|
4038.80
|
3367.71
|
7.77
|
19.93
|
|
Organic & Inorganic Chemicals
|
2673.76
|
1983.66
|
5.14
|
34.79
|
|
Pearls, precious & Semi-precious stones
|
2332.04
|
2196.40
|
4.48
|
6.18
|
|
Coal, Coke & Briquettes, etc.
|
2606.53
|
1865.66
|
5.01
|
39.71
|
|
Artificial resins, plastic materials, etc.
|
1762.08
|
1530.64
|
3.39
|
15.12
|
|
Vegetable Oil
|
1858.58
|
1135.45
|
3.57
|
63.69
|
|
Non-ferrous metals
|
1831.41
|
1349.99
|
3.52
|
35.66
|
|
Total of 10 Major Commodity Groups
|
39155.69
|
32145.65
|
75.29
|
21.81
|
|
Rest
|
12850.22
|
9884.42
|
24.71
|
30.00
|
|
Total Imports
|
52005.91
|
42030.07
|
100.00
|
23.74
|
***
DJN/AM/MS/PK