Ministry of Commerce reveals India’s total merchandise exports rose by 30.70 %
According to the Department of Commerce, Ministry of Commerce, and Industry, during the month of April 2022 the country’s total exports of merchandise goods – including re-exports, stood at US$ 40.19 Billion, as compared to US$ 30.75 billion in April 2021, exhibiting a growth of 30.70 %. According to GJEPC, exports of gems and jewellery products grew by 2.62 % to US$ 3.46 billion in April 2022 as compared to US$ 3.37 billion registered in April 2021.
|
Table 1 – Export of gems and jewellery products and Merchandise goods |
||
|
MERCHANDISE GOODS EXPORTS |
||
|
Exports (US$ billion) |
April |
|
|
2022-23 |
40.19 |
|
|
2021-22 |
30.75 |
|
|
% growth 2022-23/2021-22 |
30.7 |
|
|
GEMS AND JEWELLERY EXPORTS |
||
|
Exports (US$ billion) |
April |
|
|
2022-23 |
3.46 |
|
|
2021-22 |
3.37 |
|
|
% growth 2022-23/2021-22 |
2.62 |
|
Source: GJEPC analysis based on DGCI&S data
Merchandise imports in April 2022 were recorded at US$ 60.30 billion, over imports of US$ 46.04 billion in April 2021 exhibiting a growth of 30.97%.
|
Table 2 – Import of gems and jewellery products and Merchandise goods |
|||
|
MERCHANDISE IMPORTS |
|||
|
Imports (US$ billion) |
April |
||
|
2022-23 |
60.30 |
||
|
2021-22 |
46.04 |
||
|
% growth 2022-23/2021-22 30.97 |
|||
|
GEMS AND JEWELLERY IMPORTS |
|||
|
Imports (US$ billion) |
April |
||
|
2022-23 |
1.97 |
||
|
2021-22 |
2.19 |
||
|
% growth 2022-23/2021-22 |
-10.04 |
||
Source: GJEPC analysis based on DGCI&S dat
All the major commodities recorded a positive export growth during April 2022 especially petroleum products, electronic goods , leather & leather products and organic and inorganic chemicals with growth rates of 127.69 % ,71.69 % ,36.68 % and 32.30 % respectively.
|
Table 3 – Exports of selected major commodities for April 2022 |
||||
|
COMMODITIES |
APRIL 2021 (US$ BILLION) |
APRIL 2022 (US$ BILLION) |
% CHANGE APRIL 2022 |
|
|
Engineering goods |
7.97 |
9.72 |
21.97 |
|
|
Petroleum products |
3.62 |
8.25 |
127.69 |
|
|
Gems and Jewellery |
3.37 |
3.46 |
2.62 |
|
|
Total Textile products* |
3.1 |
3.47 |
11.88 |
|
|
Organic & Inorganic |
|
2.02 |
2.67 |
32.3O |
|
Drugs & Pharmaceuticals |
1.89 |
2.07 |
9.49 |
|
|
Electronic goods |
0.978 |
1.67 |
71.69 |
|
|
Plastic & Linoleum |
0.727 |
0.797 |
9.49 |
|
|
Marine products |
0.55 |
0.634 |
15.31 |
|
|
Leather & leather products |
0.289 |
0.395 |
36.68 |
|
|
Handicrafts excluding handmade carpets |
0.118 |
-24.98 |
||
Source: GJEPC Analysis based on DGCI&S data Textile products include cotton yarns, man-made yarns, RMG of all textiles, Jute manufacturing including floor covering, carpet and Handicrafts. *Statistics and Trade Research Department GJEPC
Be the first to comment