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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 |
******
AD/PK