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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

February 2, 2022

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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).

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

 

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

 

 

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.

Statement 3: Merchandise Non-POL Trade in January 2022

 

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

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).

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.

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).

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

Top 10 major commodity groups covering 78% of total exports in January 2022,are –

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 – 

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

 

Topics

Acts Income Tax
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