Merchandize Exports go up marginally in June compared to last year

2022-07-05 15:10:49 Exim News

India has achieved a marginal increase in monthly value of Merchandise Export in June 2022 amounting 37.94 billion US dollars, an increase of 16.78 per cent over  32.49 billion US dollars in June 2021. India’s Merchandise Export in April -June 2022-23 was 116.77 billion US dollars with an increase of 22.22 per cent over 95.54 billion US dollars in April -June 2021-22.

Value of non-petroleum exports in June 2022 was 30.12 billion US Dollars, registering a positive growth of 5.53 per cent over non-petroleum exports of 28.54 billion US dollars in June 2021. The cumulative value of non-petroleum exports in April -June 2022-23 was 92.49 billion US dollars, an increase of 11.92 per cent over 82.65 billion US dollars in April -June 2021-22.

Value of non-petroleum and non-gems and Jewellery exports in June 2022 was 26.75 billion US dollars, registering a positive growth of 4.0 per cent over non-petroleum and non-gems and jewellery exports of 25.72 billion US dollars in June 2021. The cumulative value of non-petroleum and non-gems and jewellery exports in April -June 2022-23 was 82.43 billion US dollars, an increase of 12.19 per cent over cumulative value of non-petroleum and non-gems and jewellery exports of 73.47 billion US dollars in April -June 2021-22.

Petroleum products (98.01 per cent), Electronic goods (50.66 per cent) and Ready Made Garments of all Textiles (44.67 per cent) led the way in high increase in exports during June 2022.

India’s Merchandise import in June 2022 was 63.58 billion US dollars, an increase of 51.02 per cent over 42.1 billion US dollars in June 2021. India’s merchandise imports in April -June 2022-23 was 187.02 billion US dollars with an increase of 47.31 per cent over 126.96 billion US dollars in April -June 2021-22.

Value of non-petroleum imports was 42.84 billion US dollars in June 2022 with a positive growth of 36.36 per cent over non-petroleum imports of 31.42 billion US dollars in June 2021. The cumulative value of non-petroleum imports in April -June 2022-23 was  126.95 billion US dollars, showing an increase of 32.18 per cent compared to non-oil imports of 96.04 billion US dollars in April -June 2021-22.

Value of non-oil, non-GJ (gold, silver & Precious metals) imports was 36.7 billion US dollars in June 2022 with a positive growth of 31.71 per cent over non-oil and non-GJ imports of 27.87 billion US dollars in June 2021. Non-oil, non-GJ (Gold, Silver & Precious Metals) imports in April -June 2022-23 was 107.14 billion US dollars, recording a positive growth of 32.55 per cent, as compared to non-oil and non-GJ imports of  80.83 billion US dollars in April -June 2021-22.

The trade deficit in June 2022 was 25.63 billion US dollars, while it was 70.25 billion US Dollars during April -June 2022-23. 

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