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    September 1, 2026
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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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