New Delhi: The trade deficit in June 2022 was $25.63 billion, while it was $70.25 billion during April -June 2022-23, according to the preliminary data of June 2022, released today by the Ministry of Commerce & Industry.
India’s merchandise exports rise to $37.94 billion in June 2022, an increase of 16.78% over $32.49 billion in June 2021. The country’s merchandise export in April -June 2022-23 was $116.77 billion with an increase of 22.22% over $95.54 billion in April – June 2021-22.
The value of non-petroleum exports in June 2022 was $30.12 billion, registering a positive growth of 5.53% over non-petroleum exports of $28.54 billion in June 2021. The cumulative value of non-petroleum exports in April -June 2022-23 was $92.49 billion, an increase of 11.92% over $82.65 billion in April -June 2021-22.
The value of non-petroleum and non-gems and jewellery exports in June 2022 was $26.75 billion, registering a positive growth of 4.0% over non-petroleum and non-gems and jewellery exports of $5.72 billion in June 2021. The cumulative value of non-petroleum and non-gems and jewellery exports in April -June 2022–23 was $82.43 billion, an increase of 12.19% over the cumulative value of non-petroleum and non-gems and jewellery exports of $73.47 billion in April -June 2021–22.
Petroleum products (98.01%), Electronic goods (50.66%) and RMG of all Textiles (44.67%) led the way in a high increase in exports during June 2022.
India’s merchandise import in June 2022 was $63.58 billion, an increase of 51.02% over $42.1 billion in June 2021. India’s merchandise imports in April -June 2022-23 were $187.02 billion with an increase of 47.31% over $126.96 billion in April – June 2021-22.
The value of non-petroleum imports was $42.84 billion in June 2022 with a positive growth of 36.36% over non-petroleum imports of $31.42 billion in June 2021. The cumulative value of non-petroleum imports in April -June 2022–23 was $126.95 billion, showing an increase of 32.18% compared to non-oil imports of $96.04 billion in April -June 2021–22.
The value of non-oil, non-GJ (gold, silver & Precious metals) imports was $36.7 billion in June 2022 with a positive growth of 31.71% over non-oil and non-GJ imports of $27.87 billion in June 2021. Non-oil, non-GJ (Gold, Silver & Precious Metals) imports in April -June 2022-23 were $07.14 billion, recording a positive growth of 32.55%, as compared to non-oil and non-GJ imports of $80.83 billion in April -June 2021-22.
– global bihari bureau
