India’s merchandise export in April-July 2022-23 was $156.41 billion with an increase of 19.35 per cent over $131.06 billion in the same period last financial year, an official release said on Tuesday (2 August).
In July 2022, the merchandise export stood at $35.24 billion, a slight downward trend from $35.51 billion in the same month last year.
According to a Commerce and Industry Ministry release, the merchandise export figures in July 2022 were achieved despite measures being taken to control inflation and the continued disruptions of supply chain due to COVID-19 pandemic and Russia-Ukraine conflict.
The value of non-petroleum exports in July 2022 was $29.82 billion, registering a positive growth of only 0.48 per cent over non-petroleum exports of $29.67 billion in July 2021, the ministry said.
The cumulative value of non-petroleum exports in April-July 2022-23 was $123.90 billion, an increase of 10.3 per cent over $112.32 billion in April -July 2021-22, it added.
Meanwhile, the value of non-petroleum and non-gems and jewellery exports in July 2022 was $26.54 billion, registering a positive growth of 1.24 per cent over non-petroleum and non-gems and jewellery exports of $26.21 billion in July 2021.
The cumulative value of non-petroleum and non-gems and jewellery exports in April-July 2022-23 was $110.39 billion, an increase of 10.73 per cent over cumulative value of non-petroleum and non-gems and jewellery exports of $99.69 billion in the same period last fiscal.
The merchandise import in July 2022 was $66.26 billion, an increase of 43.59 per cent over $46.15 billion in the same month last year.
Meanwhile, the merchandise imports in April-July 2022-23 was $256.43 billion with an increase of 48.12 per cent over $173.12 billion in April-July 2021-22.
The value of non-petroleum imports was $45.13 billion in July 2022 with a positive growth of 33.74 per cent over non-petroleum imports of $33.74 billion in July 2021.
The cumulative value of non-petroleum imports in April-July 2022-23 was $174.39 billion, showing an increase of 34.35 per cent compared to non-oil imports of $129.81 billion in April -July 2021-22.
The value of non-oil, non-GJ (gold, silver and precious metals) imports was $38.44 billion in July 2022 with a positive growth of 42.88 per cent over non-oil and non-GJ imports of $26.9 billion in July 2021.
Non-oil, non-GJ (gold, silver and precious metals) imports in April-July 2022-23 was $147.55 billion, recording a positive growth of 36.93 per cent, as compared to non-oil and non-GJ imports of $107.75 billion in April-July 2021-22.
The trade deficit in July 2022 was $31.02 billion, while it was $100.01 billion during April-July 2022-23.
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