India achieves an all-time high annual merchandise exports, touching USD 417.81 billion in FY 2021-22, an increase of 43.18% over USD 291.81 billion in previous fiscal
Ministry of Commerce & Industry
For the first time, monthly merchandise exports exceed USD 40 Billion, reaching USD 40.38 billion in March 2022, an increase of 14.53% over March 2021
INDIA’S MERCHANDISE TRADE: Preliminary Data March 2022
Posted On:
04 APR 2022 4:01PM by PIB Delhi
India achieved an all-time high annual merchandise exports of USD 417.81 billion in FY 2021-22, an increase of 43.18% over USD 291.81 billion in FY2020-21 and an increase of 33.33% over USD 313.36 billion in FY2019-20.
For the first time, India’s monthly merchandise exports exceeded USD 40 Billion, reaching USD 40.38 billion in March 2022, an increase of 14.53% over USD 35.26 billion in March 2021 and an increase of 87.89% over USD 21.49 billion in March 2020.
India’s merchandise import in March 2022 was USD 59.07 billion, an increase of 20.79% over USD 48.90 billion in March 2021 and an increase of 87.68% over USD 31.47 billion in March 2020.
India’s merchandise import in April 2021-March 2022 was USD 610.22 billion, an increase of 54.71% over USD 394.44 billion in April 2020-March 2021 and an increase of 28.55% over USD 474.71 billion in April 2019-March 2020.
The trade deficit in March 2022 was USD 18.69 billion, while it was USD 192.41 billion during April 2021-March 2022.
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Statement 1: India’s Total Trade in Merchandise goods in March2022 |
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|
|
Value in Billion USD |
% Growth |
|||
|
Mar-22 |
Mar-21 |
Mar-20 |
Mar-22 over Mar-21 |
Mar-22 over Mar-20 |
|
|
Exports |
40.38 |
35.26 |
21.49 |
14.53 |
87.89 |
|
Imports |
59.07 |
48.90 |
31.47 |
20.79 |
87.68 |
|
Deficit |
18.69 |
13.64 |
9.98 |
36.97 |
87.23 |
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Statement 2: India’s Total Trade in Merchandise goods in Apr 2021-Mar2022 |
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|
|
Value in Billion USD |
% Growth |
|||
|
Apr21-Mar22 |
Apr20-Mar21 |
Apr19-Mar20 |
Apr21-Mar22 over Apr20-Mar21 |
Apr21-Mar22 over Apr19-Mar20 |
|
|
Exports |
417.81 |
291.81 |
313.36 |
43.18 |
33.33 |
|
Imports |
610.22 |
394.44 |
474.71 |
54.71 |
28.55 |
|
Deficit |
192.41 |
102.63 |
161.35 |
87.49 |
19.25 |
Value of non-petroleum exports in March 2022 was 33.00 USD billion, registering a positive growth of 4.28% over non-petroleum exports of USD 31.65 billion in March 2021 and a positive growth of 73.94% over non-petroleum exports of USD 18.97 billion in March 2020.
Value of non-petroleum imports was USD 40.66 billion in March 2022 with a positive growth of 5.26% over non-petroleum imports of USD 38.63 billion in March 2021 and a positive growth of 89.79% over non-petroleum imports of USD 21.42 billion in March 2020.
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Statement 3: Merchandise Non-POL Trade in March 2022 |
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|
|
Value in Billion USD |
% Growth |
|||
|
|
Mar-22 |
Mar-21 |
Mar-20 |
Mar-22 over Mar-21 |
Mar-22 over Mar-20 |
|
Exports |
33.00 |
31.65 |
18.97 |
4.28 |
73.94 |
|
Imports |
40.66 |
38.63 |
21.42 |
5.26 |
89.79 |
The cumulative value of non-petroleum exports in April 2021-March 2022 was USD 352.76 billion, an increase of 32.62% over USD 266.00 billion in April 2020-March 2021 and an increase of 29.66% over USD 272.07 billion in April 2019-March 2020.
The cumulative value of non-petroleum imports in April 2021-March 2022 was USD 449.54 billion, showing an increase of 44.2% compared to non-oil imports of USD 311.75 billion in April 2020-March 2021 and an increase of 30.62% compared to non-oil imports of USD 344.16 billion in April 2019-March 2020.
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Statement 4: Merchandise Non-POL Trade Apr 2021-Mar 2022 |
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|
|
Value in Billion USD |
% Growth |
|||
|
|
Apr21-Mar22 |
Apr20-Mar21 |
Apr19-Mar20 |
Apr21-Mar22 over Apr20-Mar21 |
Apr21-Mar22 over Apr19-Mar20 |
|
Exports |
352.76 |
266.00 |
272.07 |
32.62 |
29.66 |
|
Imports |
449.54 |
311.75 |
344.16 |
44.20 |
30.62 |
Value of non-petroleum and non-gems and jewellery exports in March 2022 was USD 29.38 billion, registering a positive growth of 4.79% over non-petroleum and non-gems and jewellery exports of USD 28.03 billion in March 2021 and a positive growth of 73.28% over non-petroleum and non-gems and jewellery exports of USD 16.95 billion in March 2020.
Value of non-oil, non-GJ (gold, silver & Precious metals) imports was USD 36.18 billion in March 2022 with a positive growth of 31.21% over non-oil and non-GJ imports of USD 27.58 billion in March 2021 and a positive growth of 93.52% over non-oil and non-GJ imports of USD 18.70 billion in March 2020.
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Statement 5: Merchandise Non-POL Non-GJ Trade in March 2022 |
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|
|
Value in Billion USD |
% Growth |
|||
|
|
Mar-22 |
Mar-21 |
Mar-20 |
Mar-22 over Mar-21 |
Mar-22 over Mar-20 |
|
Exports |
29.38 |
28.03 |
16.95 |
4.79 |
73.28 |
|
Imports |
36.18 |
27.58 |
18.70 |
31.21 |
93.52 |
The cumulative value of non-petroleum and non-gems and jewellery exports in April 2021-March 2022 was USD 313.82 billion, an increase of 30.77% over cumulative value of non-petroleum and non-gems and jewellery exports of USD 239.98 billion in April 2020-March 2021 and an increase of 32.88% over cumulative value of non-petroleum and non-gems and jewellery exports of USD 236.17 billion in April 2019-March 2020.
Non-oil, non-GJ (Gold, Silver & Precious Metals) imports was USD 369.19 billion in April 2021-March 2022, recording a positive growth of 43.39%, as compared to non-oil and non-GJ imports of USD 257.47 billion in April 2020-March 2021 and a positive growth of 26.98% over USD 290.74 billion in April 2019-March 2020.
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Statement 6: Merchandise Non-POL Non-GJ Trade Apr 2021-Mar 2022 |
|||||
|
|
Value in Billion USD |
% Growth |
|||
|
|
Apr21-Mar22 |
Apr20-Mar21 |
Apr19-Mar20 |
Apr21-Mar22 over Apr20-Mar21 |
Apr21-Mar22 over Apr19-Mar20 |
|
Exports |
313.82 |
239.98 |
236.17 |
30.77 |
32.88 |
|
Imports |
369.19 |
257.47 |
290.74 |
43.39 |
26.98 |
Top 10 major commodity groups covering 81% of total exports in March 2022, are –
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Statement 7: Exports of Top 10 Major Commodity Groups in March 2022 |
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|
Value of Export (Million US$) |
Share (%) |
Growth (%) |
||
|
Major Commodity Group |
Mar-22 |
Mar-21 |
Mar-22 |
Mar-22 over Mar-21 |
|
Engineering goods |
10470.80 |
9298.36 |
25.93 |
12.61 |
|
Petroleum products |
7377.07 |
3609.36 |
18.27 |
104.39 |
|
Gems and Jewellery |
3624.34 |
3613.01 |
8.98 |
0.31 |
|
Organic and Inorganic chemicals |
2649.59 |
2288.87 |
6.56 |
15.76 |
|
Drugs and Pharmaceuticals |
2261.65 |
2295.05 |
5.60 |
-1.46 |
|
Electronic goods |
1740.56 |
1400.67 |
4.31 |
24.27 |
|
RMG of all Textiles |
1661.50 |
1425.95 |
4.11 |
16.52 |
|
Cotton Yarn/Fabs./Madeups, Handloom products etc. |
1290.26 |
1105.05 |
3.20 |
16.76 |
|
Rice |
985.48 |
1116.54 |
2.44 |
-11.74 |
|
Plastic and Linoleum |
811.53 |
719.54 |
2.01 |
12.78 |
|
Total of 10 Major Commodity Groups |
32872.78 |
26872.40 |
81.41 |
22.33 |
|
Rest |
7506.82 |
8384.20 |
18.59 |
-10.46 |
|
Total Exports |
40379.59 |
35256.60 |
100.00 |
14.53 |
Top 10 major commodity groups covering 81% of total imports in March 2022, are –
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Statement 8: Imports of Top 10 Major Commodity Groups in March 2022 |
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|
Import (Million US$) |
Share (%) |
Growth (%) |
||
|
Major Commodity Group |
Mar-22 |
Mar-21 |
Mar-22 |
Mar-22 over Mar-21 |
|
Petroleum, Crude & products |
18406.97 |
10271.38 |
31.16 |
79.21 |
|
Electronic goods |
8293.79 |
5864.15 |
14.04 |
41.43 |
|
Coal, Coke & Briquettes, etc. |
4390.95 |
1735.74 |
7.43 |
152.97 |
|
Machinery, electrical & non-electrical |
3457.83 |
3513.68 |
5.85 |
-1.59 |
|
Pearls, precious & Semi-precious stones |
3337.02 |
2547.27 |
5.65 |
31.00 |
|
Organic & Inorganic Chemicals |
2720.91 |
2102.57 |
4.61 |
29.41 |
|
Transport equipment |
1993.64 |
2210.75 |
3.38 |
-9.82 |
|
Artificial resins, plastic materials, etc. |
1861.93 |
1719.92 |
3.15 |
8.26 |
|
Vegetable Oil |
1674.59 |
1076.81 |
2.84 |
55.51 |
|
Fertilisers, Crude & manufactured |
1615.96 |
204.16 |
2.74 |
691.50 |
|
Total of 10 Major Commodity Groups |
47753.59 |
31246.42 |
80.85 |
52.83 |
|
Rest |
11312.37 |
17652.44 |
19.15 |
-35.92 |
|
Total Imports |
59065.96 |
48898.86 |
100.00 |
20.79 |
Top 10 major commodity groups covering 80% of total exports in April 2021-March 2022, are –
|
Statement 9: Exports of Top 10 Major Commodity Groups in April 2021-March 2022 |
||||
|
Value of Export (Million US$) |
Share (%) |
Growth (%) |
||
|
Major Commodity Group |
Apr21-Mar22 |
Apr20-Mar21 |
Apr21-Mar22 |
Apr21-Mar22 over Apr20-Mar21 |
|
Engineering goods |
111632.94 |
76719.60 |
26.72 |
45.51 |
|
Petroleum products |
65044.80 |
25804.37 |
15.57 |
152.07 |
|
Gems and Jewellery |
38942.88 |
26022.82 |
9.32 |
49.65 |
|
Organic and Inorganic chemicals |
29152.67 |
22088.48 |
6.98 |
31.98 |
|
Drugs and Pharmaceuticals |
24475.36 |
24444.03 |
5.86 |
0.13 |
|
RMG of all Textiles |
15936.70 |
12272.21 |
3.81 |
29.86 |
|
Electronic goods |
15588.06 |
11093.29 |
3.73 |
40.52 |
|
Cotton Yarn/Fabs./Madeups, Handloom products etc. |
15244.20 |
9827.89 |
3.65 |
55.11 |
|
Plastic and Linoleum |
9783.35 |
7462.85 |
2.34 |
31.09 |
|
Rice |
9625.50 |
8829.21 |
2.30 |
9.02 |
|
Total of 10 Major Commodity Groups |
335426.46 |
224564.75 |
80.28 |
49.37 |
|
Rest |
82382.75 |
67243.73 |
19.72 |
22.51 |
|
Total Exports |
417809.21 |
291808.48 |
100.00 |
43.18 |
Top 10 major commodity groups covering 77% of total imports in April 2021-March 2022, are –
|
Statement 10: Imports of Top 10 Major Commodity Groups in April 2021-March 2022 |
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|
Import (Million US$) |
Share (%) |
Growth (%) |
||
|
Major Commodity Group |
Apr21-Mar22 |
Apr20-Mar21 |
Apr21-Mar22 |
Apr21-Mar22 over Apr20-Mar21 |
|
Petroleum, Crude & products |
160683.24 |
82683.87 |
26.33 |
94.33 |
|
Electronic goods |
73067.90 |
54287.93 |
11.97 |
34.59 |
|
Gold |
46140.66 |
34603.92 |
7.56 |
33.34 |
|
Machinery, electrical & non-electrical |
39853.08 |
30084.48 |
6.53 |
32.47 |
|
Coal, Coke & Briquettes, etc. |
31514.97 |
16274.53 |
5.16 |
93.65 |
|
Pearls, precious & Semi-precious stones |
30927.82 |
18887.96 |
5.07 |
63.74 |
|
Organic & Inorganic Chemicals |
30222.86 |
19825.35 |
4.95 |
52.45 |
|
Transport equipment |
20206.07 |
18649.18 |
3.31 |
8.35 |
|
Artificial resins, plastic materials, etc. |
20104.96 |
13510.01 |
3.29 |
48.82 |
|
Vegetable Oil |
18931.51 |
11089.11 |
3.10 |
70.72 |
|
Total of 10 Major Commodity Groups |
471653.07 |
299896.33 |
77.29 |
57.27 |
|
Rest |
138568.35 |
94539.54 |
22.71 |
46.57 |
|
Total Imports |
610221.42 |
394435.87 |
100.00 |
54.71 |
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AM/ MS/ PK