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India’s exports dips marginally to $35.24 billion in July

India has achieved merchandise export of USD 35.24 billion in July 2022, almost at similar levels of USD 35.51 billion in July 2021. This has been achieved despite measures to control inflation (Iron Ore & Pellets, Iron and Steel, Petroleum Products, etc.) and the continued disruptions of supply chains due to Covid and Russia-Ukraine conflict.

Value of non-petroleum exports in July 2022 was 29.82 USD billion, registering a positive growth of only 0.48% over non-petroleum exports of USD29.67 billion in July 2021. The cumulative value of non-petroleum exports in April -July 2022-23 was USD 123.90 billion, an increase of 10.3% over USD 112.32 billion in April -July 2021-22.

Value of non-petroleum and non-gems and jewellery exports in July 2022 was USD 26.54 billion, registering a positive growth of 1.24% over non-petroleum and non-gems and jewellery exports of USD 26.21 billion in July 2021. The cumulative value of non-petroleum and non-gems and jewellery exports in April -July 2022-23was USD 110.39 billion, an increase of 10.73% over cumulative value of non-petroleum and non-gems and jewellery exports of USD 99.69 billion in April -July 2021-22.

India’s merchandise import in July 2022 was USD 66.26 billion, an increase of 43.59% over USD 46.15 billion in July 2021. India’s merchandise imports in April -July 2022-23 was USD 256.43 billion with an increase of 48.12% over USD 173.12 billion in April -July 2021-22.

Value of non-petroleum imports was USD 45.13 billion in July 2022 with a positive growth of 33.74% over non-petroleum imports of USD 33.74 billion in July 2021.The cumulative value of non-petroleum imports in April -July 2022-23was USD 174.39 billion, showing an increase of 34.35% compared to non-oil imports of USD 129.81 billion in April -July 2021-22.

Value of non-oil, non-GJ (gold, silver & Precious metals) imports was USD 38.44 billion in July 2022 with a positive growth of 42.88%over non-oil and non-GJ imports of USD 26.9 billion in July 2021.Non-oil, non-GJ (Gold, Silver & Precious Metals) imports in April -July 2022-23 was USD 147.55 billion, recording a positive growth of 36.93%, as compared to non-oil and non-GJ imports of USD 107.75 billion in April -July 2021-22.

The trade deficit in July 2022 was USD 31.02 billion, while it was 100.01 billion USD during April -July 2022-23.

Statement1:India’s Total Trade in Merchandise goods in July 2022
  Value in Billion USD %Growth
JULY’22 JULY’21 JULY’22 vs JULY’21
Exports 35.24 35.51 -0.76
Imports 66.26 46.15 43.59
Deficit 31.02 10.63
Statement 2: India’s Total Trade in Merchandise goods in April-July 2022-23
  Value in Billion USD % Growth
APR’22-JULY’22 APR’21-JULY’21 APR-JULY 2022-23 vs APR-JULY 2021-22
Exports 156.41 131.06 19.35
Imports 256.43 173.12 48.12
Deficit 100.01 42.07
Statement 3: Merchandise Non-POL Trade in July 2022
  Value in Billion USD % Growth
JULY’22 JULY’21 JULY’22 vs JULY’21
Exports 29.82 29.67 0.48
Imports 45.13 33.74 33.74
Statement 4: Merchandise Non-POL Trade in April-July 2022-23
  Value in Billion USD % Growth
APR’22-JULY’22 APR’21-JULY’21 APR-JULY 2022-23 vs APR-JULY 2021-22
Exports 123.90 112.32 10.30
Imports 174.39 129.81 34.35
Statement 5: Merchandise Non-POL Non-GJ Trade in July 2022
  Value in Billion USD % Growth
JULY’22 JULY’21 JULY’22 vs JULY’21
Exports 26.54 26.21 1.24
Imports 38.44 26.90 42.88
Statement 6: Merchandise Non-POL Non-GJ Trade in April-July 2022-23
  Value in Billion USD % Growth
APR’22-JULY’22 APR’21-JULY’21 APR-JULY 2022-23 vs APR-JULY 2021-22
Exports 110.39 99.69 10.73
Imports 147.55 107.75 36.93

Top 10 major commodity groups covering 81% of total exports in July 2022, are – 

Statement 7: Exports of Top 10 Major Commodity Groups in July 2022
  Value of Export (Million US$) Share (%) Growth (%)
Major Commodity Group July-22 July-21 July-22 July-22 over July-21
Engineering goods 9303.21 9545.20 26.40 -2.54
Petroleum products 5427.21 5840.02 15.40 -7.07
Gems and Jewellery 3279.34 3459.67 9.30 -5.21
Organic and Inorganic chemicals 2618.54 2426.09 7.43 7.93
Drugs and Pharmaceuticals 2116.29 2145.67 6.00 -1.37
Electronic goods 1817.51 1244.20 5.16 46.08
RMG of all Textiles 1380.45 1389.22 3.92 -0.63
Cotton Yarn/Fabs./Madeups, Handloom products etc. 943.50 1315.42 2.68 -28.27
Rice 925.64 710.94 2.63 30.20
Plastic and Linoleum 801.09 832.61 2.27 -3.79
Total of 10 Major Commodity Groups 28612.77 28909.05 81.19 -1.02
Rest 6630.84 6603.77 18.81 0.41
Total Exports 35243.61 35512.82 100.00 -0.76

Top 10 major commodity groups covering 78% of total importsin July 2022, are – 

Statement 8: Imports of Top 10 Major Commodity Groups in July 2022
  Value of Import (Million US$) Share (%) Growth (%)
Major Commodity Group July-22 July-21 July-22 July-22 over July-21
Petroleum, Crude & products 21132.90 12402.06 31.89 70.40
Electronic goods 6800.89 5319.77 10.26 27.84
Coal, Coke & Briquettes, etc. 5179.98 1958.92 7.82 164.43
Machinery, electrical & non-electrical 3812.57 2821.52 5.75 35.12
Pearls, precious & Semi-precious stones 3214.10 2628.17 4.85 22.29
Organic & Inorganic Chemicals 3141.19 2440.47 4.74 28.71
Gold 2370.32 4203.06 3.58 -43.60
Artificial resins, plastic materials, etc. 2191.18 1313.21 3.31 66.86
Vegetable Oil 2015.77 1369.58 3.04 47.18
Non-ferrous metals 1815.26 1297.09 2.74 39.95
Total of 10 Major Commodity Groups 51674.18 35753.86 77.98 44.53
Rest 14590.15 10393.11 22.02 40.38
Total Imports 66264.32 46146.97 100.00 43.59

Top 10 major commodity groups covering 81% of total exports in April 2021-July 2022, are – 

Statement 9: Exports of Top 10 Major Commodity Groups in April 2021-July 2022
  Value of Export (Million US$) Share (%) Growth (%)
Major Commodity Group Apr’22-July’22 Apr’21-July’21 Apr’21-July’22 Apr’22-July’23 over Apr’21-July’22
Engineering goods 38272.24 35437.95 24.47 8.00
Petroleum products 32512.21 18731.63 20.79 73.57
Gems and Jewellery 13511.47 12631.44 8.64 6.97
Organic and Inorganic chemicals 10778.63 9300.92 6.89 15.89
Drugs and Pharmaceuticals 8374.09 7934.51 5.35 5.54
Electronic goods 6567.00 4212.38 4.20 55.90
RMG of all Textiles 5871.34 4794.93 3.75 22.45
Cotton Yarn/Fabs./Madeups, Handloom products etc. 4107.66 4681.56 2.63 -12.26
Rice 3648.22 3123.11 2.33 16.81
Plastic and Linoleum 3151.45 3403.82 2.01 -7.41
Total of 10 Major Commodity Groups 126794.30 104252.24 81.07 21.62
Rest 29616.19 26803.13 18.93 10.50
Total Exports 156410.49 131055.37 100.00 19.35

Top 10 major commodity groups covering 80% of total importsin April 2021-July 2022, are – 

Statement 10: Imports of Top 10 Major Commodity Groups in April 2021-July 2022
  Value of Import (Million US$) Share (%) Growth (%)
Major Commodity Group Apr’22-July’22 Apr’21-July’21 Apr’21-July’22 Apr’22-July’23 over Apr’21-July’22
Petroleum, Crude & products 82030.43 43314.28 31.99 89.38
Electronic goods 25389.90 19220.00 9.90 32.10
Coal, Coke & Briquettes, etc. 22323.14 7831.34 8.71 185.05
Machinery, electrical & non-electrical 14316.11 12036.53 5.58 18.94
Organic & Inorganic Chemicals 13269.85 9445.84 5.17 40.48
Gold 12860.94 12088.11 5.02 6.39
Pearls, precious & Semi-precious stones 11535.04 9915.71 4.50 16.33
Artificial resins, plastic materials, etc. 8553.75 6221.55 3.34 37.49
Vegetable Oil 7265.81 5526.97 2.83 31.46
Non-ferrous metals 6956.56 5334.08 2.71 30.42
Total of 10 Major Commodity Groups 204501.55 130934.41 79.75 56.19
Rest 51923.47 42189.54 20.25 23.07
Total Imports 256425.02 173123.96 100.00 48.12

TVJ Bureau

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