Export
India’s exports increase by 36.76 pc YoY in Jan
New Delhi/IBNS: 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 percent over the same period last year and a positive growth of 38.90 percent over January 2020.
Overall imports in January 2022 are estimated to be $ 67.76 billion, exhibiting a slower rate of growth of 30.54 percent over the same period last year and a positive growth of 30.19 percent over January 2020.
In April-January 2021-22, India’s overall exports (Merchandise and Services combined) stood at 545.71 billion, reflecting a positive growth of 37.68 percent over the same period last year and a positive growth of 23.29 percent 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 percent over the same period last year and a positive growth of 20.15 percent 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 percent. As compared to January 2020, exports in January 2022 exhibited a positive growth of 33.45 percent.
Merchandise imports in January 2022 were $ 51.93 billion, which is an increase of 23.54 percent over imports of $ 42.03 billion in January 2021.
Imports in January 2022 have registered a positive growth of 26.19 percent in comparison to January 2020.
The merchandise trade balance for January 2022 was estimated at $ (-)17.42 billion as against $ (-) 14.49 billion in January 2021, which is a decline of (-) 20.23 percent. As compared to January 2020 ($ (-) 15.30 billion), trade balance in January 2022 exhibited a negative growth of (-) 13.91 percent.
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 percent. As compared to April-January 2019-20, exports in April-January 2021-22 exhibited a positive growth of 27.17 percent.
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 percent. Imports in April-January 2021-22 have registered a positive growth of 22.31 percent in comparison to April-January 2019-20.
The merchandise trade balance for April-January 2021-22 was estimated at $ (-) 159.87 billion as against $ (-) 75.87 billion in April-January 2020-21, which is a decline of (-) 110.71 percent. As compared to April-January 2019-20 ($ (-) 141.21 billion), trade balance in April-January 2021-22 exhibited a negative growth of (-) 13.21 percent.
Non-petroleum and non-gems & jewellery exports in January 2022 were $ 27.10 billion, registering a positive growth of 20.13 percent over non-petroleum and non-gems & jewellery exports of $ 22.56 billion in January 2021 and a positive growth of 36.95 percent 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 percent over non-petroleum, non-gems & jewellery imports of $ 26.36 billion in January 2021 and a positive growth of 39.22 percent over Non-petroleum, non-gems & jewellery imports of $ 24.87 billion in January 2020.
SERVICES TRADE
The estimated value of services export for January 2022* is $ 26.91 billion, exhibiting a positive growth of 54.95 percent vis-a-vis January 2021 ($ 17.37 billion) and a positive growth of 46.57 percent vis-à-vis January 2020 ($ 18.36 billion).
The estimated value of services import for January 2022* is $ 15.83 billion exhibiting a positive growth of 60.32 percent vis-à-vis January 2021 ($ 9.88 billion) and a positive growth of 45.33 percent 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 percent over January 2021 ($ 7.49 billion) and an increase of 48.38 percent 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 percent vis-a-vis April-January 2020-21 ($ 167.45 billion) and a positive growth of 17.56 percent 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 percent vis-à-vis April-January 2020-21 ($ 94.88 billion) and a positive growth of 12.05 percent 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 percent. 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 percent.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
