India achieves an all-time high annual merchandise exports, touching USD 417.81 billion in FY 2021-22, an increase of 43.18% over USD 291.81 billion in previous fiscal
For the first time, monthly merchandise exports exceed USD 40 Billion, reaching USD 40.38 billion in March 2022, an increase of 14.53% over March 2021
INDIA’S MERCHANDISE TRADE: Preliminary Data March 2022
India achieved an all-time high annual merchandise exports of USD 417.81 billion in FY 2021-22, an increase of 43.18% over USD 291.81 billion in FY2020-21 and an increase of 33.33% over USD 313.36 billion in FY2019-20.
For the first time, India’s monthly merchandise exports exceeded USD 40 Billion, reaching USD 40.38 billion in March 2022, an increase of 14.53% over USD 35.26 billion in March 2021 and an increase of 87.89% over USD 21.49 billion in March 2020.
India’s merchandise import in March 2022 was USD 59.07 billion, an increase of 20.79% over USD 48.90 billion in March 2021 and an increase of 87.68% over USD 31.47 billion in March 2020.
India’s merchandise import in April 2021-March 2022 was USD 610.22 billion, an increase of 54.71% over USD 394.44 billion in April 2020-March 2021 and an increase of 28.55% over USD 474.71 billion in April 2019-March 2020.
The trade deficit in March 2022 was USD 18.69 billion, while it was USD 192.41 billion during April 2021-March 2022.
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Statement 1: India’s Total Trade in Merchandise goods in March2022
|
|
|
Value in Billion USD
|
% Growth
|
|
Mar-22
|
Mar-21
|
Mar-20
|
Mar-22 over Mar-21
|
Mar-22 over Mar-20
|
|
Exports
|
40.38
|
35.26
|
21.49
|
14.53
|
87.89
|
|
Imports
|
59.07
|
48.90
|
31.47
|
20.79
|
87.68
|
|
Deficit
|
18.69
|
13.64
|
9.98
|
36.97
|
87.23
|
|
Statement 2: India’s Total Trade in Merchandise goods in Apr 2021-Mar2022
|
|
|
Value in Billion USD
|
% Growth
|
|
Apr21-Mar22
|
Apr20-Mar21
|
Apr19-Mar20
|
Apr21-Mar22 over Apr20-Mar21
|
Apr21-Mar22 over Apr19-Mar20
|
|
Exports
|
417.81
|
291.81
|
313.36
|
43.18
|
33.33
|
|
Imports
|
610.22
|
394.44
|
474.71
|
54.71
|
28.55
|
|
Deficit
|
192.41
|
102.63
|
161.35
|
87.49
|
19.25
|
Value of non-petroleum exports in March 2022 was 33.00 USD billion, registering a positive growth of 4.28% over non-petroleum exports of USD 31.65 billion in March 2021 and a positive growth of 73.94% over non-petroleum exports of USD 18.97 billion in March 2020.
Value of non-petroleum imports was USD 40.66 billion in March 2022 with a positive growth of 5.26% over non-petroleum imports of USD 38.63 billion in March 2021 and a positive growth of 89.79% over non-petroleum imports of USD 21.42 billion in March 2020.
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Statement 3: Merchandise Non-POL Trade in March 2022
|
|
|
Value in Billion USD
|
% Growth
|
|
|
Mar-22
|
Mar-21
|
Mar-20
|
Mar-22 over Mar-21
|
Mar-22 over Mar-20
|
|
Exports
|
33.00
|
31.65
|
18.97
|
4.28
|
73.94
|
|
Imports
|
40.66
|
38.63
|
21.42
|
5.26
|
89.79
|
The cumulative value of non-petroleum exports in April 2021-March 2022 was USD 352.76 billion, an increase of 32.62% over USD 266.00 billion in April 2020-March 2021 and an increase of 29.66% over USD 272.07 billion in April 2019-March 2020.
The cumulative value of non-petroleum imports in April 2021-March 2022 was USD 449.54 billion, showing an increase of 44.2% compared to non-oil imports of USD 311.75 billion in April 2020-March 2021 and an increase of 30.62% compared to non-oil imports of USD 344.16 billion in April 2019-March 2020.
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Statement 4: Merchandise Non-POL Trade Apr 2021-Mar 2022
|
|
|
Value in Billion USD
|
% Growth
|
|
|
Apr21-Mar22
|
Apr20-Mar21
|
Apr19-Mar20
|
Apr21-Mar22 over Apr20-Mar21
|
Apr21-Mar22 over Apr19-Mar20
|
|
Exports
|
352.76
|
266.00
|
272.07
|
32.62
|
29.66
|
|
Imports
|
449.54
|
311.75
|
344.16
|
44.20
|
30.62
|
Value of non-petroleum and non-gems and jewellery exports in March 2022 was USD 29.38 billion, registering a positive growth of 4.79% over non-petroleum and non-gems and jewellery exports of USD 28.03 billion in March 2021 and a positive growth of 73.28% over non-petroleum and non-gems and jewellery exports of USD 16.95 billion in March 2020.
Value of non-oil, non-GJ (gold, silver & Precious metals) imports was USD 36.18 billion in March 2022 with a positive growth of 31.21% over non-oil and non-GJ imports of USD 27.58 billion in March 2021 and a positive growth of 93.52% over non-oil and non-GJ imports of USD 18.70 billion in March 2020.
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Statement 5: Merchandise Non-POL Non-GJ Trade in March 2022
|
|
|
Value in Billion USD
|
% Growth
|
|
|
Mar-22
|
Mar-21
|
Mar-20
|
Mar-22 over Mar-21
|
Mar-22 over Mar-20
|
|
Exports
|
29.38
|
28.03
|
16.95
|
4.79
|
73.28
|
|
Imports
|
36.18
|
27.58
|
18.70
|
31.21
|
93.52
|
The cumulative value of non-petroleum and non-gems and jewellery exports in April 2021-March 2022 was USD 313.82 billion, an increase of 30.77% over cumulative value of non-petroleum and non-gems and jewellery exports of USD 239.98 billion in April 2020-March 2021 and an increase of 32.88% over cumulative value of non-petroleum and non-gems and jewellery exports of USD 236.17 billion in April 2019-March 2020.
Non-oil, non-GJ (Gold, Silver & Precious Metals) imports was USD 369.19 billion in April 2021-March 2022, recording a positive growth of 43.39%, as compared to non-oil and non-GJ imports of USD 257.47 billion in April 2020-March 2021 and a positive growth of 26.98% over USD 290.74 billion in April 2019-March 2020.
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Statement 6: Merchandise Non-POL Non-GJ Trade Apr 2021-Mar 2022
|
|
|
Value in Billion USD
|
% Growth
|
|
|
Apr21-Mar22
|
Apr20-Mar21
|
Apr19-Mar20
|
Apr21-Mar22 over Apr20-Mar21
|
Apr21-Mar22
over Apr19-Mar20
|
|
Exports
|
313.82
|
239.98
|
236.17
|
30.77
|
32.88
|
|
Imports
|
369.19
|
257.47
|
290.74
|
43.39
|
26.98
|
Top 10 major commodity groups covering 81% of total exports in March 2022, are –
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Statement 7: Exports of Top 10 Major Commodity Groups in March 2022
|
| |
Value of Export (Million US$)
|
Share (%)
|
Growth (%)
|
|
Major Commodity Group
|
Mar-22
|
Mar-21
|
Mar-22
|
Mar-22
over Mar-21
|
|
Engineering goods
|
10470.80
|
9298.36
|
25.93
|
12.61
|
|
Petroleum products
|
7377.07
|
3609.36
|
18.27
|
104.39
|
|
Gems and Jewellery
|
3624.34
|
3613.01
|
8.98
|
0.31
|
|
Organic and Inorganic chemicals
|
2649.59
|
2288.87
|
6.56
|
15.76
|
|
Drugs and Pharmaceuticals
|
2261.65
|
2295.05
|
5.60
|
-1.46
|
|
Electronic goods
|
1740.56
|
1400.67
|
4.31
|
24.27
|
|
RMG of all Textiles
|
1661.50
|
1425.95
|
4.11
|
16.52
|
|
Cotton Yarn/Fabs./Madeups, Handloom products etc.
|
1290.26
|
1105.05
|
3.20
|
16.76
|
|
Rice
|
985.48
|
1116.54
|
2.44
|
-11.74
|
|
Plastic and Linoleum
|
811.53
|
719.54
|
2.01
|
12.78
|
|
Total of 10 Major Commodity Groups
|
32872.78
|
26872.40
|
81.41
|
22.33
|
|
Rest
|
7506.82
|
8384.20
|
18.59
|
-10.46
|
|
Total Exports
|
40379.59
|
35256.60
|
100.00
|
14.53
|
Top 10 major commodity groups covering 81% of total imports in March 2022, are –
|
Statement 8: Imports of Top 10 Major Commodity Groups in March 2022
|
| |
Import (Million US$)
|
Share (%)
|
Growth (%)
|
|
Major Commodity Group
|
Mar-22
|
Mar-21
|
Mar-22
|
Mar-22 over
Mar-21
|
|
Petroleum, Crude & products
|
18406.97
|
10271.38
|
31.16
|
79.21
|
|
Electronic goods
|
8293.79
|
5864.15
|
14.04
|
41.43
|
|
Coal, Coke & Briquettes, etc.
|
4390.95
|
1735.74
|
7.43
|
152.97
|
|
Machinery, electrical & non-electrical
|
3457.83
|
3513.68
|
5.85
|
-1.59
|
|
Pearls, precious & Semi-precious stones
|
3337.02
|
2547.27
|
5.65
|
31.00
|
|
Organic & Inorganic Chemicals
|
2720.91
|
2102.57
|
4.61
|
29.41
|
|
Transport equipment
|
1993.64
|
2210.75
|
3.38
|
-9.82
|
|
Artificial resins, plastic materials, etc.
|
1861.93
|
1719.92
|
3.15
|
8.26
|
|
Vegetable Oil
|
1674.59
|
1076.81
|
2.84
|
55.51
|
|
Fertilisers, Crude & manufactured
|
1615.96
|
204.16
|
2.74
|
691.50
|
|
Total of 10 Major Commodity Groups
|
47753.59
|
31246.42
|
80.85
|
52.83
|
|
Rest
|
11312.37
|
17652.44
|
19.15
|
-35.92
|
|
Total Imports
|
59065.96
|
48898.86
|
100.00
|
20.79
|
Top 10 major commodity groups covering 80% of total exports in April 2021-March 2022, are –
|
Statement 9: Exports of Top 10 Major Commodity Groups in April 2021-March 2022
|
| |
Value of Export (Million US$)
|
Share (%)
|
Growth (%)
|
|
Major Commodity Group
|
Apr21-Mar22
|
Apr20-Mar21
|
Apr21-Mar22
|
Apr21-Mar22
over Apr20-Mar21
|
|
Engineering goods
|
111632.94
|
76719.60
|
26.72
|
45.51
|
|
Petroleum products
|
65044.80
|
25804.37
|
15.57
|
152.07
|
|
Gems and Jewellery
|
38942.88
|
26022.82
|
9.32
|
49.65
|
|
Organic and Inorganic chemicals
|
29152.67
|
22088.48
|
6.98
|
31.98
|
|
Drugs and Pharmaceuticals
|
24475.36
|
24444.03
|
5.86
|
0.13
|
|
RMG of all Textiles
|
15936.70
|
12272.21
|
3.81
|
29.86
|
|
Electronic goods
|
15588.06
|
11093.29
|
3.73
|
40.52
|
|
Cotton Yarn/Fabs./Madeups, Handloom products etc.
|
15244.20
|
9827.89
|
3.65
|
55.11
|
|
Plastic and Linoleum
|
9783.35
|
7462.85
|
2.34
|
31.09
|
|
Rice
|
9625.50
|
8829.21
|
2.30
|
9.02
|
|
Total of 10 Major Commodity Groups
|
335426.46
|
224564.75
|
80.28
|
49.37
|
|
Rest
|
82382.75
|
67243.73
|
19.72
|
22.51
|
|
Total Exports
|
417809.21
|
291808.48
|
100.00
|
43.18
|
Top 10 major commodity groups covering 77% of total imports in April 2021-March 2022, are –
|
Statement 10: Imports of Top 10 Major Commodity Groups in April 2021-March 2022
|
| |
Import (Million US$)
|
Share (%)
|
Growth (%)
|
|
Major Commodity Group
|
Apr21-Mar22
|
Apr20-Mar21
|
Apr21-Mar22
|
Apr21-Mar22 over
Apr20-Mar21
|
|
Petroleum, Crude & products
|
160683.24
|
82683.87
|
26.33
|
94.33
|
|
Electronic goods
|
73067.90
|
54287.93
|
11.97
|
34.59
|
|
Gold
|
46140.66
|
34603.92
|
7.56
|
33.34
|
|
Machinery, electrical & non-electrical
|
39853.08
|
30084.48
|
6.53
|
32.47
|
|
Coal, Coke & Briquettes, etc.
|
31514.97
|
16274.53
|
5.16
|
93.65
|
|
Pearls, precious & Semi-precious stones
|
30927.82
|
18887.96
|
5.07
|
63.74
|
|
Organic & Inorganic Chemicals
|
30222.86
|
19825.35
|
4.95
|
52.45
|
|
Transport equipment
|
20206.07
|
18649.18
|
3.31
|
8.35
|
|
Artificial resins, plastic materials, etc.
|
20104.96
|
13510.01
|
3.29
|
48.82
|
|
Vegetable Oil
|
18931.51
|
11089.11
|
3.10
|
70.72
|
|
Total of 10 Major Commodity Groups
|
471653.07
|
299896.33
|
77.29
|
57.27
|
|
Rest
|
138568.35
|
94539.54
|
22.71
|
46.57
|
|
Total Imports
|
610221.42
|
394435.87
|
100.00
|
54.71
|
9911796707
