India’s merchandise exports during January-June 2022 was USD 235.7 billion as compared to USD 185.9 billion during the same period of the previous year

Exports of petroleum products grew by 119.47%, electronic goods by 41.42%, Leather & Leather products by 33.72%

India’s merchandise exports during January-June 2022 was USD 235.7 billion  as compared to USD 185.9 billion during the same period of the previous year. India’s merchandise imports during January-June 2022 was USD 361.1 billion  as compared to USD 258.6 billion during the same period of the previous year.            

The total merchandise export was USD 421.9 billion during 2021-22 against the export target of USD 400 billion, achieving 105.4% of the export target.

The details of the sector-wise export during January-June 2021 and January-June 2022 is given at Annexure. Barring a few sectors, all major sectors show positive trend with an overall growth rate of 26.7%. The government has taken following remedial measures to boost exports:

1. Foreign Trade Policy (2015-20) extended by one year i.e. upto 30-9-2022.
2. Assistance provided through several schemes to promote exports, namely, Trade Infrastructure for Export Scheme (TIES) and Market Access Initiatives (MAI) Scheme.
3. Remission of Duties and Taxes on Exported Products (RoDTEP) scheme has been implemented since 01.01.2021. Rebate of State and Central Levies and Taxes (RoSCTL) Scheme to promote labour oriented textile exports has been implemented since 07.03.2019.
4. Common Digital Platform for Certificate of Origin has been launched to facilitate trade and increase Free Trade Agreement (FTA) utilization by exporters.
5. Districts as Export Hubs has been launched by identifying products with export potential in each district, addressing bottlenecks for exporting these products and supporting local exporters/manufacturers to generate employment in the district.
6. Role of Indian missions abroad towards promoting India’s trade, tourism, technology and investment goals has been enhanced.
7. Package announced in light of the COVID pandemic to support domestic industry through various banking and financial sector relief measures, especially for MSMEs, which constitute a major share in exports.

Annexure

Export of major sectors during January-June 2021 and January-June 2022

                                                                                                                        (Value in US$ Million)

Sr. No	Commodities	(Jan-June) 2021	(Jan-June) 2022	% Change
1	Engineering Goods	49665	58737	18.27
2	Petroleum Products	21108	46325	119.47
3	Gems & Jewellery	18310	20420	11.52
4	Organic & Inorganic Chemicals	13036	15967	22.48
5	Drugs & Pharmaceuticals	12161	12660	4.11
6	Electronic Goods	6654	9410	41.42
7	RMG of all Textiles	7477	9379	25.44
8	Cotton Yarn/Fabs./made-ups, Handloom Products etc.	6393	7153	11.89
9	Rice	5218	5499	5.39
10	Plastic & Linoleum	4560	4845	6.25
11	Marine Products	3189	3679	15.36
12	Man-made Yarn/Fabs./made-ups etc.	2563	2843	10.93
13	Mica, Coal & Other Ores, Minerals including processed minerals	2846	2831	-0.51
14	Leather & leather products	1833	2452	33.72
15	Meat, dairy & poultry products	1974	2199	11.41
16	Spices	2120	1904	-10.20
17	Ceramic products & glassware	1774	1858	4.75
18	Fruits & Vegetables	1529	1612	5.46
19	Iron Ore	3433	1395	-59.36
20	Cereal preparations & miscellaneous processed items	1078	1378	27.79
21	Handicrafts excl. hand made carpet	1003	866	-13.68
22	Carpet	852	813	-4.65
23	Coffee	445	634	42.28
24	Other cereals	508	627	23.31
25	Oil Meals	934	608	-34.91
26	Oil seeds	574	577	0.42
27	Tobacco	468	523	11.79
28	Tea	331	343	3.73
29	Jute Mfg. including Floor Covering	233	276	18.55
30	Cashew	238	195	-18.23
31	Others	13459	17654	31.17
	Total	185965	235660	26.72

      Source: DGCIS. Data  for 2022 are provisional.

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This information was given by the Minister of State in the Ministry of Commerce and Industry, Smt. Anupriya Patel, in a written reply in the Rajya Sabha today.

Export policy measures boost merchandise exports, combining incentives, digital Certificate of Origin and district export hubs to aid trade. India's merchandise exports rose from USD 185.9 billion to USD 235.7 billion in January-June 2022 with an overall sectoral growth of 26.7%. Major positive contributors included petroleum products, electronic goods, engineering goods, chemicals and textiles, while some commodities contracted. Government measures to support exports comprised extension of the Foreign Trade Policy, continued operation of export promotion schemes (TIES, MAI), implementation of RoDTEP and RoSCTL rebate mechanisms, a Common Digital Platform for Certificate of Origin, enhanced role for missions, district export hubs, and COVID-era financial relief for MSMEs.