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August 21, 2026
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India’s merchandise export in February 2022 increases by 22.36% to USD 33.81 billion over USD 27.63 billion in February 2021

March 3, 2022

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India’s merchandise export in February 2022 increases by 22.36% to USD 33.81 billion over USD 27.63 billion in February 2021

India’s merchandise export in April 2021-February 2022 rises by 45.80% to USD 374.05 billion over USD 256.55 billion in April 2020-February 2021

INDIA’S MERCHANDISE TRADE: Preliminary Data for February 2022

India’s merchandise export in February 2022 was USD 33.81 billion, an increase of 22.36% over USD 27.63 billion in February 2021 and an increase of 21.88% over USD 27.74 billion in February 2020.

India’s merchandise export in April 2021-February 2022 was USD 374.05 billion, an increase of 45.80% over USD 256.55 billion in April 2020-February 2021 and an increase of 28.16% over USD 291.87 billion in April 2019-February 2020.

India’s merchandise import in February 2022 was USD 55.01 billion, an increase of 34.99% over USD 40.75 billion in February 2021 and an increase of 45.12% over USD 37.90 billion in February 2020.

India’s merchandise import in April 2021-February 2022 was USD 550.12 billion, an increase of 59.21% over USD 345.54 billion in April 2020-February 2021 and an increase of 24.11% over USD 443.24 billion in April 2019-February 2020.

       

The trade deficit in February 2022 was USD 21.19 billion, while it was 176.07 billion USD during April 2021-February 2022.

Statement 1: India’s Trade in Merchandise goods in February 2022

 

Value in Billion USD

% Growth

Feb-22

Feb-21

Feb-20

Feb-22 over Feb-21

Feb-22 over Feb-20

Exports

33.81

27.63

27.74

22.36

21.88

Imports

55.01

40.75

37.90

34.99

45.12

Deficit

21.19

13.12

10.16

61.59

108.56

 

Statement 2: India’s Trade in Merchandise goods in Apr 2021-Feb 2022

 

Value in Billion USD

% Growth

 

Apr21-Feb22

Apr20-Feb21

Apr19-Feb20

Apr21-Feb 22 over Apr20-Feb 21

Apr21-Feb 22 over Apr19-Feb 20

Exports

374.05

256.55

291.87

45.80

28.16

Imports

550.12

345.54

443.24

59.21

24.11

Deficit

176.07

88.99

151.37

97.86

16.32

 

 

Value of non-petroleum exports in February 2022 was 29.70 USD billion, registering a positive growth of 18.04% over non-petroleum exports of USD 25.16 billion in February 2021 and a positive growth of 22.23% over non-petroleum exports of USD 24.30 billion in February 2020.

Value of non-petroleum imports was USD 39.96 billion in February 2022 with a positive growth of 26.0% over non-petroleum imports of USD 31.72 billion in February 2021 and a positive growth of 47.33% over non-petroleum imports of USD 27.12 billion in February 2020.

Statement 3: Merchandise Non-POL Trade in February 2022

 

Value in Billion USD

% Growth

 

Feb-22

Feb-21

Feb-20

Feb-22 over Feb-21

Feb-22 over Feb-20

Exports

29.70

25.16

24.30

18.04

22.23

Imports

39.96

31.72

27.12

26.00

47.33

The cumulative value of non-petroleum exports in April 2021-February 2022 was USD 319.09 billion, an increase of 36.16% over USD 234.36 billion in April 2020-February 2021 and an increase of 26.07% over USD 253.10 billion in April 2019-February 2020.

The cumulative value of non-petroleum imports in April 2021-Feb 2022 was USD 408.63 billion, showing an increase of 49.61% compared to non-oil imports of USD 273.12 billion in April 2020-Feb 2021 and an increase of 26.61% compared to non-oil imports of USD 322.74 billion in April 2019-Feb 2020.

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

 

Value in Billion USD

% Growth

 

Apr21-Feb22

Apr20-Feb21

Apr19-Feb20

Apr21-Feb 22 over Apr20-Feb 21

Apr21-Feb 22 over Apr19-Feb 20

Exports

319.09

234.36

253.10

36.16

26.07

Imports

408.63

273.12

322.74

49.61

26.61

Value of non-petroleum and non-gems and jewellery exports in February 2022 was USD 26.60 billion, registering a positive growth of 18.31% over non-petroleum and non-gems and jewellery exports of USD 22.48 billion in February 2021 and a positive growth of 24.98% over non-petroleum and non-gems and jewellery exports of USD 21.28 billion in February 2020.

Value of non-oil, non-GJ (gold, silver & Precious metals) imports was USD 31.61 billion in February 2022 with a positive growth of 31.66% over non-oil and non-GJ imports of USD 24.01 billion in Feb 2021 and a positive growth of 42.31% over non-oil and non-GJ imports of USD 22.21 billion in Feb 2020.

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

 

Value in Billion USD

% Growth

 

Feb-22

Feb-21

Feb-20

Feb-22 over Feb-21

Feb-22 over Feb-20

Exports

26.60

22.48

21.28

18.31

24.98

Imports

31.61

24.01

22.21

31.66

42.31

The cumulative value of non-petroleum and non-gems and jewellery exports in April 2021-February 2022 was USD 283.83 billion, an increase of 33.92% over cumulative value of non-petroleum and non-gems and jewellery exports of USD 211.95 billion in April 2020-February 2021 and an increase of 29.47% over cumulative value of non-petroleum and non-gems and jewellery exports of USD 219.22 billion in April 2019-February 2020.

Non-oil, non-GJ (Gold, Silver & Precious Metals) imports was USD 332.85 billion in April 2021-February 2022, recording a positive growth of 44.78%, as compared to non-oil and non-GJ imports of USD 229.89 billion in April 2020-February 2021 and a positive growth of 22.35% over USD 272.05 billion in April 2019-February 2020.

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

 

Value in Billion USD

% Growth

 

Apr21-Feb22

Apr20-Feb21

Apr19-Feb20

Apr21-Feb 22 over Apr20-Feb 21

Apr21-Feb 22 over Apr19-Feb 20

Exports

283.83

211.95

219.22

33.92

29.47

Imports

332.85

229.89

272.05

44.78

22.35

Top 10 major commodity groups covering 80% of total exports in February 2022 are as follows:  

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

Value of Export (Million US$)

Share (%)

Growth (%)

Major Commodity Group

Feb-22

Feb-21

Feb-22

Feb-22 over Feb-21

Engineering goods                                          

9272.37

7059.91

27.42

31.34

Petroleum products                                         

4109.38

2471.16

12.15

66.29

Gems and Jewellery                                         

3105.59

2682.08

9.18

15.79

Organic and Inorganic chemicals                            

2407.81

1930.21

7.12

24.74

Drugs and Pharmaceuticals                                  

1938.79

2001.44

5.73

-3.13

RMG of all Textiles                                        

1598.64

1348.55

4.73

18.54

Electronic goods                                           

1477.76

1104.69

4.37

33.77

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

1258.88

947.64

3.72

32.84

Rice                                                       

920.67

918.94

2.72

0.19

Plastic and Linoleum                                       

793.34

631.19

2.35

25.69

Total of 10 Major Commodity Groups

26883.24

21095.80

79.51

27.43

Rest

6928.61

6537.45

20.49

5.98

Total Exports

33811.86

27633.25

100.00

22.36

Top 10 major commodity groups covering 78% of total imports in February 2022 are as follows: 

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

Import (Million US$)

Share (%)

Growth (%)

Major Commodity Group

Feb-22

Feb-21

Feb-22

Feb-22 over Feb-21

Petroleum, Crude & products

15042.44

9031.45

27.35

66.56

Electronic goods

6244.93

4843.82

11.35

28.93

Gold

4684.79

5290.40

8.52

-11.45

Machinery, electrical & non-electrical

3612.66

3184.00

6.57

13.46

Pearls, precious & Semi-precious stones

3186.03

2408.50

5.79

32.28

Coal, Coke & Briquettes, etc.

2860.20

1318.11

5.20

116.99

Organic & Inorganic Chemicals

2434.07

2039.23

4.43

19.36

Artificial resins, plastic materials, etc.

1704.53

1458.36

3.10

16.88

Fertilisers, Crude & manufactured

1670.20

224.57

3.04

643.73

Iron & Steel

1603.74

1239.36

2.92

29.40

Total of 10 Major Commodity Groups

43043.59

31037.80

78.25

38.68

Rest

11961.83

9710.85

21.75

23.18

Total Imports

55005.42

40748.65

100.00

34.99

Top 10 major commodity groups covering 80% of total exports in April 2021 –Feb 2022 are as follows: 

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

Value of Export (Million US$)

Share (%)

Growth (%)

Major Commodity Group

Apr21-Feb22

Apr20-Feb21

Apr21-Feb22

Apr21-Feb22 over Apr20-Feb21

Engineering goods                                          

100927.31

67421.24

26.98

49.70

Petroleum products                                         

54958.67

22195.00

14.69

147.62

Gems and Jewellery                                         

35258.63

22409.82

9.43

57.34

Organic and Inorganic chemicals                            

26470.62

19799.60

7.08

33.69

Drugs and Pharmaceuticals                                  

22185.08

22148.98

5.93

0.16

RMG of all Textiles                                        

14273.26

10846.26

3.82

31.60

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

13949.35

8722.84

3.73

59.92

Electronic goods                                           

13838.07

9692.61

3.70

42.77

Plastic and Linoleum                                       

8961.25

6743.31

2.40

32.89

Rice                                                       

8617.48

7712.67

2.30

11.73

Total of 10 Major Commodity Groups

299439.72

197692.35

80.05

51.47

Rest

74610.74

58859.53

19.95

26.76

Total Exports

374050.47

256551.88

100.00

45.80

Top 10 major commodity groups covering 77% of total imports in April 2021 -Feb 2022 are as follows: 

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

Import (Million US$)

Share (%)

Growth (%)

Major Commodity Group

Apr21-Feb22

Apr20-Feb21

Apr21-Feb22

Apr21-Feb22 over Apr20-Feb21

Petroleum, Crude & products

141486.97

72412.48

27.35

95.39

Electronic goods

64745.48

48423.77

11.35

33.71

Gold

45033.98

26110.24

8.52

72.48

Machinery, electrical & non-electrical

36392.76

26570.80

6.57

36.97

Pearls, precious & Semi-precious stones

27595.98

16340.69

5.79

68.88

Organic & Inorganic Chemicals

27498.42

17722.78

4.43

55.16

Coal, Coke & Briquettes, etc.

27120.61

14538.79

5.20

86.54

Artificial resins, plastic materials, etc.

18238.74

11790.09

3.10

54.70

Transport equipment

18211.83

16438.43

2.22

10.79

Vegetable Oil

17240.22

10012.30

2.47

72.19

Total of 10 Major Commodity Groups

423564.98

260360.38

77.00

62.68

Rest

126552.82

85176.63

23.00

48.58

Total Imports

550117.80

345537.01

100.00

59.21

Source: DGCI&S

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Acts Income Tax
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