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India’s merchandise export rises 15.46% to USD 37.3 billion in May, 2022 as compared to USD 32.30 billion in May 2021, recording highest ever exports in May 2022

June 3, 2022

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India’s merchandise export rises 15.46% to USD 37.3 billion in May, 2022 as compared to USD 32.30 billion in May 2021, recording highest ever exports in May 2022

India’s merchandise export during first two months of 2022-23 jumps 22.3% to USD 77 billion over USD 63 billion in April -May 2021-22, recording highest ever export during April-May

Non-Petroleum export rises 12.9% to USD 61 billion over the same period of last year

Petroleum products, Electronic goods and Readymade Garments recorded major increase in export for April-May 2022-23

INDIA’S MERCHANDISE TRADE: Preliminary Data of May 2022

India has achieved monthly value of merchandise export in May 2022 amounting USD 37.29 billion, an increase of 15.46% over USD 32.30 billion in May 2021. India’s merchandise export in April -May 2022-23 was USD 77.08 billion with an increase of 22.26% over USD 63.05 billion in April -May 2021-22.

Value of non-petroleum exports in May 2022 was 29.18 USD billion, registering a positive growth of 8.13% over non-petroleum exports of USD 26.99 billion in May 2021. The cumulative value of non-petroleum exports in April -May 2022-23 was USD 61.09 billion, an increase of 12.9% over USD 54.11 billion in April -May 2021-22.

Value of non-petroleum and non-gems and jewellery exports in May 2022 was USD 26.08 billion, registering a positive growth of 8.57% over non-petroleum and non-gems and jewellery exports of USD 24.02 billion in May 2021. The cumulative value of non-petroleum and non-gems and jewellery exports in April -May 2022-23 was USD 54.52 billion, an increase of 14.15% over cumulative value of non-petroleum and non-gems and jewellery exports of USD 47.76 billion in April -May 2021-22.

Petroleum products (52.71%), Electronic goods (41.46%) and RMG of all Textiles (22.94%) led the way in high increase in exports during May 2022.

India’s merchandise import in May 2022 was USD 60.62 billion, an increase of 56.14% over USD 38.83 billion in May 2021. India’s merchandise imports in April -May 2022-23 was USD 120.81 billion with an increase of 42.35% over USD 84.87 billion in April -May 2021-22.

Value of non-petroleum imports was USD 42.48 billion in May 2022 with a positive growth of 44.7% over non-petroleum imports of USD 29.36 billion in May 2021. The cumulative value of non-petroleum imports in April -May 2022-23 was USD 82.55 billion, showing an increase of 27.72% compared to non-oil imports of USD 64.63 billion in April -May 2021-22.

Value of non-oil, non-GJ (gold, silver & Precious metals) imports was USD 33.61 billion in May 2022 with a positive growth of 27.2% over non-oil and non-GJ imports of USD 26.42 billion in May 2021. Non-oil, non-GJ (Gold, Silver & Precious Metals) imports in April -May 2022-23 was USD 69.25 billion, recording a positive growth of 30.71%, as compared to non-oil and non-GJ imports of USD 52.97 billion in April -May 2021-22.

The trade deficit in May 2022 was USD 23.33 billion, while it was 43.73 billion USD during April -May 2022-23. 

Statement 1: India’s Total Trade in Merchandise goods in May 2022

 

Value in Billion USD

% Growth

MAY'22

MAY'21

MAY'22 vs MAY'21

Exports

37.29

32.30

15.46

Imports

60.62

38.83

56.14

Deficit

23.33

6.53

-

 

Statement 2: India’s Total Trade in Merchandise goods in April-May 2022-23

 

Value in Billion USD

% Growth

APR’22-MAY'22

APR’21-MAY'21

APR-MAY 2022-23 vs APR-MAY 2021-22

Exports

77.08

63.05

22.26

Imports

120.81

84.87

42.35

Deficit

43.73

21.82

-

 

Statement 3: Merchandise Non-POL Trade in May 2022

 

Value in Billion USD

% Growth

MAY'22

MAY'21

MAY'22 vs MAY'21

Exports

29.18

26.99

8.13

Imports

42.48

29.36

44.70

 

Statement 4: Merchandise Non-POL Trade in April-May 2022-23

 

Value in Billion USD

% Growth

APR’22-MAY'22

APR’21-MAY'21

APR-MAY 2022-23 vs APR-MAY 2021-22

Exports

61.09

54.11

12.90

Imports

82.55

64.63

27.72

 

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

 

Value in Billion USD

% Growth

MAY'22

MAY'21

MAY'22 vs MAY'21

Exports

26.08

24.02

8.57

Imports

33.61

26.42

27.20

 

Statement 6: Merchandise Non-POL Non-GJ Trade in April-May 2022-23

 

Value in Billion USD

% Growth

APR’22-MAY'22

APR’21-MAY'21

APR-MAY 2022-23 vs APR-MAY 2021-22

Exports

54.52

47.76

14.15

Imports

69.25

52.97

30.71

 Top 10 major commodity groups covering 81% of total exports in May 2022, are –  

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

 

Value of Export (Million US$)

Share (%)

Growth (%)

Major Commodity Group

May-22

May-21

May-22

May-22 over May-21

Engineering goods                                          

9299.44

8623.65

24.94

7.84

Petroleum products                                         

8113.89

5313.28

21.76

52.71

Gems and Jewellery                                         

3102.48

2968.19

8.32

4.52

Organic and Inorganic chemicals                            

2446.71

2182.94

6.56

12.08

Drugs and Pharmaceuticals                                  

1983.15

1874.83

5.32

5.78

RMG of all Textiles                                        

1360.95

1107.00

3.65

22.94

Electronic goods                                           

1339.10

946.66

3.59

41.46

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

1005.07

1106.04

2.70

-9.13

Rice                                                       

822.45

773.91

2.21

6.27

Plastic and Linoleum                                       

729.45

863.79

1.96

-15.55

Total of 10 Major Commodity Groups

30202.72

25760.27

80.99

17.25

Rest

7090.59

6538.81

19.01

8.44

Total Exports

37293.31

32299.08

100.00

15.46

Top 10 major commodity groups covering 81% of total imports in May 2022, are –  

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

 

Value of Import (Million US$)

Share (%)

Growth (%)

Major Commodity Group

May-22

May-21

May-22

May-22 over May-21

Petroleum, Crude & products

18142.14

9468.96

29.93

91.60

Gold

5825.26

677.67

9.61

759.60

Electronic goods

5445.05

4239.80

8.98

28.43

Coal, Coke & Briquettes, etc.

5333.79

1992.26

8.80

167.73

Machinery, electrical & non-electrical

3118.47

2979.25

5.14

4.67

Organic & Inorganic Chemicals

3069.10

2306.35

5.06

33.07

Pearls, precious & Semi-precious stones

2636.36

2245.03

4.35

17.43

Artificial resins, plastic materials, etc.

1994.15

1650.75

3.29

20.80

Vegetable Oil

1650.95

1432.83

2.72

15.22

Transport equipment

1630.86

1408.03

2.69

15.83

Total of 10 Major Commodity Groups

48846.12

28400.94

80.57

71.99

Rest

11778.38

10427.14

19.43

12.96

Total Imports

60624.51

38828.07

100.00

56.14

 Top 10 major commodity groups covering 80% of total exports in April –May 2022-23, are –  

Statement 9: Exports of Top 10 Major Commodity Groups in April-May 2022-23

 

Value of Export (Million US$)

Share (%)

Growth (%)

Major Commodity Group

Apr’22-May’22

Apr’21-May’21

Apr’22-May’22

APR-MAY 2022-23 vs APR-MAY 2021-22

Engineering goods                                          

18977.12

16597.70

24.62

14.34

Petroleum products                                         

15992.33

8938.94

20.75

78.91

Gems and Jewellery                                         

6569.37

6347.33

8.52

3.50

Organic and Inorganic chemicals                            

5124.15

4208.52

6.65

21.76

Drugs and Pharmaceuticals                                  

4050.04

3767.40

5.25

7.50

Electronic goods                                           

3015.72

1925.08

3.91

56.65

RMG of all Textiles                                        

2935.73

2404.67

3.81

22.08

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

2162.60

2171.24

2.81

-0.40

Rice                                                       

1629.10

1669.51

2.11

-2.42

Plastic and Linoleum                                       

1526.27

1591.69

1.98

-4.11

Total of 10 Major Commodity Groups

61982.43

49622.09

80.42

24.91

Rest

15095.34

13424.11

19.58

12.45

Total Exports

77077.77

63046.20

100.00

22.26

 Top 10 major commodity groups covering 81% of total imports in April-May 2022-23, are – 

Statement 10: Imports of Top 10 Major Commodity Groups in April-May 2022-23

 

Value of Import (Million US$)

Share (%)

Growth (%)

Major Commodity Group

Apr’22-May’22

Apr’21-May’21

Apr’22-May’22

APR-MAY 2022-23 vs APR-MAY 2021-22

Petroleum, Crude & products

38263.36

20233.80

31.67

89.11

Electronic goods

12163.38

9298.65

10.07

30.81

Coal, Coke & Briquettes, etc.

10265.52

3996.82

8.50

156.84

Gold

7549.36

6916.03

6.25

9.16

Machinery, electrical & non-electrical

6532.89

6033.88

5.41

8.27

Organic & Inorganic Chemicals

6479.89

4550.53

5.36

42.40

Pearls, precious & Semi-precious stones

5230.62

4715.77

4.33

10.92

Artificial resins, plastic materials, etc.

4013.18

3430.22

3.32

16.99

Non-ferrous metals

3451.44

2579.76

2.86

33.79

Vegetable Oil

3382.89

2721.97

2.80

24.28

Total of 10 Major Commodity Groups

97332.54

64477.43

80.57

50.96

Rest

23479.46

20389.88

19.43

15.15

Total Imports

120812.00

84867.31

100.00

42.35

 

Topics

Acts Income Tax
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