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TMI BlogIndia’s merchandise export in February 2022 increases by 22.36% to USD 33.81 billion over USD 27.63 billion in February 2021X X X X Extracts X X X X X X X X Extracts X X X X ..... India’s merchandise export in February 2022 increases by 22.36% to USD 33.81 billion over USD 27.63 billion in February 2021 - News and Press Release Dated:- 3-3-2022 - News - India s merchandise export in February 2022 increases by 22.36% to USD 33.81 billion over USD 27.63 billion in February 2021 India s merchandise export in April 2021-February 2022 rises by 45.80% to USD 374.05 billion over USD 256.55 billion in April 2020-February 2021 INDIA S MERCHANDISE TRADE: Preliminary Data for February 2022 India s merchandise export in February 2022 was USD 33.81 billion, an increase of 22.36% over USD 27.63 billion in February 2021 and an increase of 21.88% over USD 27.74 billion in February 2020. India s merchandise export in April 2021-February 2022 was USD 374.05 billion, an increase of 45.80% over USD 256.55 billion in April 2020-February 2021 and an increase of 28.16% over USD 291.87 billion in April 2019-February 2020. India s merchandise import in February 2022 was USD 55.01 billion, an increase of 34.99% over USD 40.75 billion in February 2021 and an increase of 45.12% over USD 37.90 billion in February 2020. India s merchandise import in April 2021-Feb ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ruary 2022 was USD 550.12 billion, an increase of 59.21% over USD 345.54 billion in April 2020-February 2021 and an increase of 24.11% over USD 443.24 billion in April 2019-February 2020. The trade deficit in February 2022 was USD 21.19 billion, while it was 176.07 billion USD during April 2021-February 2022. Statement 1: India s Trade in Merchandise goods in February 2022 Value in Billion USD % Growth Feb-22 Feb-21 Feb-20 Feb-22 over Feb-21 Feb-22 over Feb-20 Exports 33.81 27.63 27.74 22.36 21.88 Imports 55.01 40.75 37.90 34.99 45.12 Deficit 21.19 13.12 10.16 61.59 108.56 Statement 2: India s Trade in Merchandise goods in Apr 2021-Feb 2022 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Value in Billion USD % Growth Apr21-Feb22 Apr20-Feb21 Apr19-Feb20 Apr21-Feb 22 over Apr20-Feb 21 Apr21-Feb 22 over Apr19-Feb 20 Exports 374.05 256.55 291.87 45.80 28.16 Imports 550.12 345.54 443.24 59.21 24.11 Deficit 176.07 88.99 151.37 97.86 16.32 Value of non-petroleum exports in February 2022 was 29.70 USD billion, registering a positive growth of 18.04% over non-petroleum exports of USD 25.16 billion in February 2021 and a positive growth of 22.23% over non-petroleum exports of USD 24.30 billion in February 2020. Value of non-petroleum imports was USD 39.96 billion in February 2022 with a positive growth of 26.0% over non-petroleum imports of USD 31.72 billion in February 2021 and a positive growth of 47.33 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... % over non-petroleum imports of USD 27.12 billion in February 2020. Statement 3: Merchandise Non-POL Trade in February 2022 Value in Billion USD % Growth Feb-22 Feb-21 Feb-20 Feb-22 over Feb-21 Feb-22 over Feb-20 Exports 29.70 25.16 24.30 18.04 22.23 Imports 39.96 31.72 27.12 26.00 47.33 The cumulative value of non-petroleum exports in April 2021-February 2022 was USD 319.09 billion, an increase of 36.16% over USD 234.36 billion in April 2020-February 2021 and an increase of 26.07% over USD 253.10 billion in April 2019-February 2020. The cumulative value of non-petroleum imports in April 2021-Feb 2022 was USD 408.63 billion, showing an increase of 49.61% compared to non-oil imports of USD 273.12 billion in April 2020-Feb 2021 and an increase of 26.61% compared to non-oil imports of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... USD 322.74 billion in April 2019-Feb 2020. Statement 4: Merchandise Non-POL Trade Apr 2021-Feb 2022 Value in Billion USD % Growth Apr21-Feb22 Apr20-Feb21 Apr19-Feb20 Apr21-Feb 22 over Apr20-Feb 21 Apr21-Feb 22 over Apr19-Feb 20 Exports 319.09 234.36 253.10 36.16 26.07 Imports 408.63 273.12 322.74 49.61 26.61 Value of non-petroleum and non-gems and jewellery exports in February 2022 was USD 26.60 billion, registering a positive growth of 18.31% over non-petroleum and non-gems and jewellery exports of USD 22.48 billion in February 2021 and a positive growth of 24.98% over non-petroleum and non-gems and jewellery exports of USD 21.28 billion in February 2020. Value of non-oil, non-GJ (gold, silver Precious metals) imports was USD 31.61 billion in February 2022 with a positive growth ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of 31.66% over non-oil and non-GJ imports of USD 24.01 billion in Feb 2021 and a positive growth of 42.31% over non-oil and non-GJ imports of USD 22.21 billion in Feb 2020. Statement 5: Merchandise Non-POL Non-GJ Trade in February 2022 Value in Billion USD % Growth Feb-22 Feb-21 Feb-20 Feb-22 over Feb-21 Feb-22 over Feb-20 Exports 26.60 22.48 21.28 18.31 24.98 Imports 31.61 24.01 22.21 31.66 42.31 The cumulative value of non-petroleum and non-gems and jewellery exports in April 2021-February 2022 was USD 283.83 billion, an increase of 33.92% over cumulative value of non-petroleum and non-gems and jewellery exports of USD 211.95 billion in April 2020-February 2021 and an increase of 29.47% over cumulative value of non-petroleum and non-gems and jewellery exports of USD 219.22 billion in ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... April 2019-February 2020. Non-oil, non-GJ (Gold, Silver Precious Metals) imports was USD 332.85 billion in April 2021-February 2022, recording a positive growth of 44.78%, as compared to non-oil and non-GJ imports of USD 229.89 billion in April 2020-February 2021 and a positive growth of 22.35% over USD 272.05 billion in April 2019-February 2020. Statement 6: Merchandise Non-POL Non-GJ Trade Apr 2021-Feb 2022 Value in Billion USD % Growth Apr21-Feb22 Apr20-Feb21 Apr19-Feb20 Apr21-Feb 22 over Apr20-Feb 21 Apr21-Feb 22 over Apr19-Feb 20 Exports 283.83 211.95 219.22 33.92 29.47 Imports 332.85 229.89 272.05 44.78 22.35 Top 10 major commodity groups covering 80% of total exports in February 2022 are as follows: Statement 7: Exports of Top 10 Major Commodity Grou ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ps in February 2022 Value of Export (Million US$) Share (%) Growth (%) Major Commodity Group Feb-22 Feb-21 Feb-22 Feb-22 over Feb-21 Engineering goods 9272.37 7059.91 27.42 31.34 Petroleum products 4109.38 2471.16 12.15 66.29 Gems and Jewellery 3105.59 2682.08 9.18 15.79 Organic and Inorganic chemicals 2407.81 1930.21 7.12 24.74 Drugs and Pharmaceuticals 1938.79 2001.44 5.73 -3.13 RMG of all Textiles ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 1598.64 1348.55 4.73 18.54 Electronic goods 1477.76 1104.69 4.37 33.77 Cotton Yarn/Fabs./Madeups, Handloom products etc. 1258.88 947.64 3.72 32.84 Rice 920.67 918.94 2.72 0.19 Plastic and Linoleum 793.34 631.19 2.35 25.69 Total of 10 Major Commodity Groups 26883.24 21095.80 79.51 27.43 Rest 6928.61 6537.45 20.49 5.98 Total Exports 33811.86 27633.25 100.00 22.36 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Top 10 major commodity groups covering 78% of total imports in February 2022 are as follows: Statement 8: Imports of Top 10 Major Commodity Groups in February 2022 Import (Million US$) Share (%) Growth (%) Major Commodity Group Feb-22 Feb-21 Feb-22 Feb-22 over Feb-21 Petroleum, Crude products 15042.44 9031.45 27.35 66.56 Electronic goods 6244.93 4843.82 11.35 28.93 Gold 4684.79 5290.40 8.52 -11.45 Machinery, electrical non-electrical 3612.66 3184.00 6.57 13.46 Pearls, precious Semi-precious stones 3186.03 2408.50 5.79 32.28 Coal, Coke Briquettes, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... etc. 2860.20 1318.11 5.20 116.99 Organic Inorganic Chemicals 2434.07 2039.23 4.43 19.36 Artificial resins, plastic materials, etc. 1704.53 1458.36 3.10 16.88 Fertilisers, Crude manufactured 1670.20 224.57 3.04 643.73 Iron Steel 1603.74 1239.36 2.92 29.40 Total of 10 Major Commodity Groups 43043.59 31037.80 78.25 38.68 Rest 11961.83 9710.85 21.75 23.18 Total Imports 55005.42 40748.65 100.00 34.99 Top 10 major commodity groups covering 80% of total exports in April 2021 Feb 2022 are as follows: ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Statement 9: Exports of Top 10 Major Commodity Groups in April 2021-February 2022 Value of Export (Million US$) Share (%) Growth (%) Major Commodity Group Apr21-Feb22 Apr20-Feb21 Apr21-Feb22 Apr21-Feb22 over Apr20-Feb21 Engineering goods 100927.31 67421.24 26.98 49.70 Petroleum products 54958.67 22195.00 14.69 147.62 Gems and Jewellery 35258.63 22409.82 9.43 57.34 Organic and Inorganic chemicals 26470.62 19799.60 7.08 33.69 Drugs and Pharmaceuticals 22185.08 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 22148.98 5.93 0.16 RMG of all Textiles 14273.26 10846.26 3.82 31.60 Cotton Yarn/Fabs./Madeups, Handloom products etc. 13949.35 8722.84 3.73 59.92 Electronic goods 13838.07 9692.61 3.70 42.77 Plastic and Linoleum 8961.25 6743.31 2.40 32.89 Rice 8617.48 7712.67 2.30 11.73 Total of 10 Major Commodity Groups 299439.72 197692.35 80.05 51.47 Rest 74610.74 58859.53 19.95 26.76 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Total Exports 374050.47 256551.88 100.00 45.80 Top 10 major commodity groups covering 77% of total imports in April 2021 -Feb 2022 are as follows: Statement 10: Imports of Top 10 Major Commodity Groups in April 2021-February 2022 Import (Million US$) Share (%) Growth (%) Major Commodity Group Apr21-Feb22 Apr20-Feb21 Apr21-Feb22 Apr21-Feb22 over Apr20-Feb21 Petroleum, Crude products 141486.97 72412.48 27.35 95.39 Electronic goods 64745.48 48423.77 11.35 33.71 Gold 45033.98 26110.24 8.52 72.48 Machinery, electrical non-electrical 36392.76 26570.80 6.57 36.97 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Pearls, precious Semi-precious stones 27595.98 16340.69 5.79 68.88 Organic Inorganic Chemicals 27498.42 17722.78 4.43 55.16 Coal, Coke Briquettes, etc. 27120.61 14538.79 5.20 86.54 Artificial resins, plastic materials, etc. 18238.74 11790.09 3.10 54.70 Transport equipment 18211.83 16438.43 2.22 10.79 Vegetable Oil 17240.22 10012.30 2.47 72.19 Total of 10 Major Commodity Groups 423564.98 260360.38 77.00 62.68 Rest 126552.82 85176.63 23.00 48.58 Total Imports 550117.80 345537.01 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 100.00 59.21 Source: DGCI S - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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