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New financial year begins with record exports of USD 38.19 billion in April
April exports jump 24.22%, continuing the record-breaking 2021-22 performance, resulting in highest ever exports in April
Non-petroleum exports rise 12.3% in April, non-petroleum imports up only 9.8%
Petroleum products, Electronic goods and chemicals record major increase in exports
INDIA’S MERCHANDISE TRADE: Preliminary Data of April 2022
India has achieved monthly value of merchandise export in April 2022 amounting USD 38.19 billion, an increase of 24.22% over USD 30.75 billion in April 2021. Value of non-petroleum exports in April 2022 was 30.46 USD billion, registering a positive growth of 12.32% over non-petroleum exports of USD 27.12 billion in April 2021.
Value of non-petroleum and non-gems and jewellery exports in April 2022 was USD 27.16 billion, registering a positive growth of 14.38% over non-petroleum and non-gems and jewellery exports of USD 23.74 billion in April 2021.
Petroleum products (113.21%), Electronic goods (64.04%) and Chemicals (26.71%) led the way in high increase in exports during April, 2022.
India’s merchandise import in April 2022 was USD 58.26 billion, an increase of 26.55% over USD 46.04 billion in April 2021. Value of non-petroleum imports was USD 38.75 billion in April 2022 with a positive growth of 9.87% over non-petroleum imports of USD 35.27 billion in April 2021.
Value of non-oil, non-GJ (gold, silver & Precious metals) imports was USD 34.43 billion in April 2022 with a positive growth of 29.68% over non-oil and non-GJ imports of USD 26.55 billion in April 2021.
The trade deficit in April 2022 was USD 20.07 billion.
Statement 1: India’s Total Trade in Merchandise goods in April 2022 | |||
| Value in Billion USD | % Growth | |
APR'22 | APR'21 | APR'22 vs APR'21 | |
Exports | 38.19 | 30.75 | 24.22 |
Imports | 58.26 | 46.04 | 26.55 |
Deficit | 20.07 | 15.29 | 31.23 |
Statement 2: Merchandise Non-POL Trade in April 2022 | |||
| Value in Billion USD | % Growth | |
APR'22 | APR'21 | APR'22 vs APR'21 | |
Exports | 30.46 | 27.12 | 12.32 |
Imports | 38.75 | 35.27 | 9.87 |
Statement 3: Merchandise Non-POL Non-GJ Trade in April 2022 | |||
| Value in Billion USD | % Growth | |
APR'22 | APR'21 | APR'22 vs APR'21 | |
Exports | 27.16 | 23.74 | 14.38 |
Imports | 34.43 | 26.55 | 29.68 |
Top 10 major commodity groups covering 80% of total exports in April 2022,are –
Statement 4: Exports of Top 10 Major Commodity Groups in April 2022 | ||||
| Value of Export (Million US$) | Share (%) | Growth (%) | |
Major Commodity Group | APR'22 | APR'21 | APR'22 | APR'22 over APR'21 |
Engineering goods | 9200.12 | 7974.06 | 24.09 | 15.38 |
Petroleum products | 7730.20 | 3625.66 | 20.24 | 113.21 |
Gems and Jewellery | 3307.74 | 3379.14 | 8.66 | -2.11 |
Organic and Inorganic chemicals | 2566.72 | 2025.59 | 6.72 | 26.71 |
Drugs and Pharmaceuticals | 1966.98 | 1892.58 | 5.15 | 3.93 |
Electronic goods | 1604.99 | 978.43 | 4.20 | 64.04 |
RMG of all Textiles | 1510.77 | 1297.68 | 3.96 | 16.42 |
Cotton Yarn/Fabs./Madeups, Handloom products etc. | 1119.02 | 1065.20 | 2.93 | 5.05 |
Rice | 768.09 | 895.60 | 2.01 | -14.24 |
Plastic and Linoleum | 759.04 | 727.90 | 1.99 | 4.28 |
Total of 10 Major Commodity Groups | 30533.65 | 23861.82 | 79.94 | 27.96 |
Rest | 7660.18 | 6885.30 | 20.06 | 11.25 |
Total Exports | 38193.83 | 30747.13 | 100.00 | 24.22 |
Top 10 major commodity groups covering 81% of total imports in April 2022, are –
Statement 5: Imports of Top 10 Major Commodity Groups in April 2022 | ||||
| Import (Million US$) | Share (%) | Growth (%) | |
Major Commodity Group | APR'22 | APR'21 | APR'22 | APR'22 over APR'21 |
Petroleum, Crude & products | 19506.98 | 10764.84 | 33.48 | 81.21 |
Electronic goods | 6507.38 | 5058.85 | 11.17 | 28.63 |
Coal, Coke & Briquettes, etc. | 4738.62 | 2004.56 | 8.13 | 136.39 |
Machinery, electrical & non-electrical | 3304.18 | 3054.64 | 5.67 | 8.17 |
Organic & Inorganic Chemicals | 3296.09 | 2244.19 | 5.66 | 46.87 |
Pearls, precious & Semi-precious stones | 2552.95 | 2470.74 | 4.38 | 3.33 |
Artificial resins, plastic materials, etc. | 1945.78 | 1779.47 | 3.34 | 9.35 |
Non-ferrous metals | 1786.85 | 1316.79 | 3.07 | 35.70 |
Vegetable Oil | 1721.77 | 1289.13 | 2.96 | 33.56 |
Gold | 1686.04 | 6238.36 | 2.89 | -72.97 |
Total of 10 Major Commodity Groups | 47046.66 | 36221.55 | 80.75 | 29.89 |
Rest | 11214.61 | 9817.69 | 19.25 | 14.23 |
Total Imports | 58261.27 | 46039.24 | 100.00 | 26.55 |
Merchandise exports rise, driven by petroleum products and electronics, while imports expand and widen the trade deficit. Preliminary April 2022 merchandise trade data show exports at USD 38.19 billion and imports at USD 58.26 billion, with a wider year on year trade deficit. Major export growth is led by petroleum products, electronic goods and chemicals, while imports are concentrated in petroleum (crude and products), electronic goods, coal and chemicals; non petroleum and non gems and jewellery aggregates are reported to display underlying export strength.
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