New Delhi: India’s overall exports (Merchandise and Services combined) in January 2022, are estimated to be $61.41 billion, exhibiting a positive growth of 36.76 per cent over the same period last year and a positive growth of 38.90 per cent over January 2020, the Ministry of Commerce & Industry, stated today.
Overall imports in January 2022 are estimated to be $67.76 billion, exhibiting a slower rate of growth of 30.54 per cent over the same period last year and a positive growth of 30.19 per cent over January 2020.
India’s overall exports (Merchandise and Services combined) in April-January 2021-22 are estimated to be $545.71 billion, exhibiting a positive growth of 37.68 per cent over the same period last year and a positive growth of 23.29 per cent over April-January 2019-20.
Overall imports in April-January 2021-22 are estimated to be $616.91 billion, exhibiting a positive growth of 54.35 per cent over the same period last year and a positive growth of 20.15 per cent over April-January 2019-20.
Merchandise Trade
- Merchandise exports in January 2022 were $34.50 billion, as compared to $27.54 billion in January 2021, exhibiting a positive growth of 25.28 per cent. As compared to January 2020, exports in January 2022 exhibited a positive growth of 33.45 per cent.
- Merchandise imports in January 2022 were $51.93 billion, which is an increase of 23.54 per cent over imports of $42.03 billion in January 2021. Imports in January 2022 have registered a positive growth of 26.19 per cent in comparison to January 2020.
- The merchandise trade balance for January 2022 was estimated at USD (-)17.42 billion as against USD (-) 14.49 billion in January 2021, which is a decline of (-) 20.23 per cent. As compared to January 2020 (USD (-) 15.30 billion), trade balance in January 2022 exhibited a negative growth of (-) 13.91 per cent.
- Merchandise exports for the period April-January 2021-22 was $335.88 billion as against $228.92 billion during the period April-January 2020-21, registering a positive growth of 46.73 per cent. As compared to April-January 2019-20, exports in April-January 2021-22 exhibited a positive growth of 27.17 per cent.
- Merchandise imports for the period April-January 2021-22 was $495.75 billion as against $304.79 billion during the period April-January 2020-21, registering a positive growth of 62.65 per cent. Imports in April-January 2021-22 have registered a positive growth of 22.31 per cent in comparison to April-January 2019-20.
- The merchandise trade balance for April-January 2021-22 was estimated at USD (-) 159.87 billion as against USD (-) 75.87 billion in April-January 2020-21, which is a decline of (-) 110.71 per cent. As compared to April-January 2019-20 (USD (-) 141.21 billion), the trade balance in April-January 2021-22 exhibited a negative growth of (-) 13.21 per cent.
- Non-petroleum and non-gems & jewellery exports in January 2022 were $27.10 billion, registering a positive growth of 20.13 per cent over non-petroleum and non-gems & jewellery exports of $22.56 billion in January 2021 and positive growth of 36.95 per cent over non-petroleum and non-gems & jewellery exports of $19.79 billion in January 2020.
- Non-petroleum, non-gems & jewellery (gold, silver & precious metals) imports were $34.62 billion in January 2022 with a positive growth of 31.33 per cent over Non-petroleum, non-gems & jewellery imports of $26.36 billion in January 2021 and a positive growth of 39.22 per cent over Non-petroleum, non-gems & jewellery imports of $24.87 billion in January 2020.
- Non-petroleum and non-gems & jewellery exports during April-January 2021-22 was $255.69 billion, an increase of 34.95 per cent over non-petroleum and non-gems & jewellery exports of $189.47 billion in April-January 2020-21 and an increase of 29.18 per cent over non-petroleum and non-gems & jewellery exports of $197.94 billion in April-January 2019-20.
- Non-petroleum, non-gems & jewellery (gold, silver & precious metals) imports were $298.06 billion in April-January 2021-22, recording a positive growth of 44.77 per cent, as compared to non-petroleum, non-gems & jewellery imports of $205.88 billion in April-January 2020-21 and positive growth of 19.30 per cent over $249.83 billion in April-January 2019-20.
Services Trade
- The estimated value of services export for January 2022* is $26.91 billion, exhibiting a positive growth of 54.95 per cent vis-a-vis January 2021 ($17.37 billion) and positive growth of 46.57 per cent vis-à-vis January 2020 ($18.36 billion).
- The estimated value of services import for January 2022* is USD 15.83 Billion exhibiting a positive growth of 60.32 per cent vis-à-vis January 2021 ($9.88 billion) and positive growth of 45.33 per cent vis-à-vis January 2020 ($10.90 billion).
- The services trade balance in January 2022* is estimated at $11.07 billion, which is an increase of 47.86 per cent over January 2021 ($7.49 billion) and an increase of 48.38 per cent over January 2020 ($7.46 billion).
- The estimated value of services export for April-January 2021-22* is $209.83 billion, exhibiting a positive growth of 25.31 per cent vis-a-vis April-January 2020-21 ($167.45 billion) and positive growth of 17.56 per cent vis-à-vis April-January 2019-20 ($178.49 billion).
- The estimated value of services imports for April-January 2021-22* is $121.16 billion exhibiting a positive growth of 27.69 per cent vis-à-vis April-January 2020-21 ($94.88 billion) and positive growth of 12.05 per cent vis-à-vis April-January 2019-20 ($108.13 billion).
- The services trade balance for April-January 2021-22* was estimated at $88.67 billion as against $72.57 billion in April-January 2020-21, which is an increase of 22.19 per cent. As compared to April-January 2019-20 ($70.36 billion), net of services in April-January 2021-22* exhibited a positive growth of 26.03 per cent.
– global bihari bureau
