Previous Highest Ever yearly exports crossed in 10 months this year with figures touching USD 336 billion approximately

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 for January 2022

India’s merchandise export in January 2022 increased 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) rose 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).

Value of non-petroleum exports in January 2022 was USD 30.33 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.

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).

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.

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).

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

Statement: 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

 

Merchandise export growth accelerates, crossing prior annual high within the fiscal year and broad based sectoral gains reported. Merchandise export growth accelerated in April-January 2021-22, with cumulative exports surpassing the previous annual high within the fiscal year and substantial year on year increases. Growth was broad based across major commodity groups, with the top ten groups accounting for over three quarters of January exports and marked increases in non petroleum and non petroleum non gems and jewellery exports, indicating diversification toward manufactured goods.