INDIA’S MERCHANDISE TRADE: Preliminary Data of September 2022
India has achieved monthly value of merchandise export in September 2022 amounting USD 32.62 billion, decreased by 3.52% over USD 33.81 billion in September 2021. India’s merchandise export in April -September 2022-23 was USD 229.05 billion with an increase of 15.54% over USD 198.25 billion in April -September 2021-22.
Value of non-petroleum exports in September 2022 was 26.54 USD billion, registering a negative growth of only 7.25% over non-petroleum exports of USD 28.62 billion in September 2021. The value of non-petroleum exports in April -September 2022-23 was USD 179.17 billion, an increase of 5.6% over USD 169.67 billion in April -September 2021-22.
Value of non-petroleum and non-gems and jewellery exports in September 2022 was USD 22.9 billion, registering a negative growth of 9.78% over non-petroleum and non-gems and jewellery exports of USD 25.38 billion in September 2021. The cumulative value of non-petroleum and non-gems and jewellery exports in April -September 2022–23 was USD 158.68 billion, an increase of 5.53% over cumulative value of non-petroleum and non-gems and jewellery exports of USD 150.37 billion in April -September 2021–22.
India’s merchandise import in September 2022 was USD 59.35 billion, an increase of 5.44% over USD 56.29 billion in September 2021. India’s merchandise imports in April -September 2022-23 was USD 378.53 billion with an increase of 37.89% over USD 274.5 billion in April -September 2021-22.
Value of non-petroleum imports was USD 43.75 billion in September 2022 with a positive growth of 10.73% over non-petroleum imports of USD 39.51 billion in September 2021. The cumulative value of non-petroleum imports in April -September 2022–23 was USD 263.54 billion, showing an increase of 28.58% compared to non-oil imports of USD 204.97 billion in April -September 2021–22.
Value of non-oil, non-GJ (gold, silver & Precious metals) imports was USD 36.5 billion in September 2022 with a positive growth of 16.78%over non-oil and non-GJ imports of USD 31.26 billion in September 2021.Non-oil, non-GJ (Gold, Silver & Precious Metals) imports in April -September 2022-23 was USD 222.78 billion, recording a positive growth of 34.45%, as compared to non-oil and non-GJ imports of USD 165.7 billion in April -September 2021-22.
The trade deficit in September 2022 was USD 26.72 billion, while it was 149.47 billion USD during April -September 2022-23. The trade deficit in September 2022 was an improvement over trade deficit of USD 28.68 Billion in August 2022.
| Statement1:India’s Total Trade in Merchandise goods in September 2022 | |||
| Value in Billion USD | |||
| SEPT’22 | SEPT’21 | ||
| Exports | 32.62 | 33.81 | |
| Imports | 59.35 | 56.29 | |
| Deficit | 26.72 | 22.47 | |
| Statement 2: India’s Total Trade in Merchandise goods in April-September 2022-23 | |||
| Value in Billion USD | |||
| APR’22-SEPT’22 | APR’21-SEPT’21 | ||
| Exports | 229.05 | 198.25 | |
| Imports | 378.53 | 274.50 | |
| Deficit | 149.47 | 76.25 | |
| Statement 3: Merchandise Non-POL Trade in September 2022 | |||
| Value in Billion USD | |||
| SEPT’22 | SEPT’21 | ||
| Exports | 26.54 | 28.62 | |
| Imports | 43.75 | 39.51 | |
| Statement 4: Merchandise Non-POL Trade in April-September 2022-23 | |||
| Value in Billion USD | |||
| APR’22-SEPT’22 | APR’21-SEPT’21 | ||
| Exports | 179.17 | 169.67 | |
| Imports | 263.54 | 204.97 | |
| Statement 5: Merchandise Non-POL Non-GJ Trade in September 2022 | |||
| Value in Billion USD | |||
| SEPT’22 | SEPT’21 | ||
| Exports | 22.90 | 25.38 | |
| Imports | 36.50 | 31.26 | |
| Statement 6: Merchandise Non-POL Non-GJ Trade in April-September 2022-23 | |||
| Value in Billion USD | |||
| APR’22-SEPT’22 | APR’21-SEPT’21 | ||
| Exports | 158.68 | 150.37 | |
| Imports | 222.78 | 165.70 | |
Top 10 major commodity groups covering 83% of total exports in September 2022, are –
| Statement 7: Exports of Top 10 Major Commodity Groups in September 2022 | |||
| Value of Export (Million US$) | Share (%) | ||
| Major Commodity Group | September-22 | September-21 | September-22 |
| Engineering goods | 7818.22 | 9417.37 | 23.96 |
| Petroleum products | 6080.05 | 5195.49 | 18.64 |
| Gems and Jewellery | 3642.42 | 3235.20 | 11.17 |
| Organic and Inorganic chemicals | 2332.92 | 2373.29 | 7.15 |
| Drugs and Pharmaceuticals | 2052.78 | 2055.40 | 6.29 |
| Electronic goods | 1916.06 | 1168.11 | 5.87 |
| RMG of all Textiles | 1020.78 | 1301.11 | 3.13 |
| Cotton Yarn/Fabs./Madeups, Handloom products etc. | 767.50 | 1310.49 | 2.35 |
| Rice | 733.30 | 779.81 | 2.25 |
| Marine products | 693.43 | 678.44 | 2.13 |
| Total of 10 Major Commodity Groups | 27057.48 | 27514.70 | 82.94 |
| Rest | 5566.06 | 6299.91 | 17.06 |
| Total Exports | 32623.54 | 33814.61 | 100.00 |
Top 10 major commodity groups covering 75% of total imports in September 2022, are –
| Statement 8: Imports of Top 10 Major Commodity Groups in September 2022 | |||
| Value of Import (Million US$) | Share (%) | ||
| Major Commodity Group | September-22 | September-21 | September-22 |
| Petroleum, Crude & products | 15600.72 | 16779.20 | 26.29 |
| Electronic goods | 6877.71 | 6882.58 | 11.59 |
| Gold | 3658.13 | 5115.76 | 6.16 |
| Machinery, electrical & non-electrical | 3590.63 | 3192.32 | 6.05 |
| Coal, Coke & Briquettes, etc. | 3434.33 | 2189.06 | 5.79 |
| Transport equipment | 2877.88 | 1764.76 | 4.85 |
| Pearls, precious & Semi-precious stones | 2554.99 | 2571.63 | 4.31 |
| Organic & Inorganic Chemicals | 2422.15 | 2485.79 | 4.08 |
| Vegetable Oil | 1898.62 | 1999.92 | 3.20 |
| Iron & Steel | 1819.55 | 1347.81 | 3.07 |
| Total of 10 Major Commodity Groups | 44734.71 | 44328.83 | 75.38 |
| Rest | 14613.49 | 11957.60 | 24.62 |
| Total Imports | 59348.20 | 56286.42 | 100.00 |
Top 10 major commodity groups covering 82% of total exports in April September 2022-23, are –
| Statement 9: Exports of Top 10 Major Commodity Groups in April 2021-September 2022 | |||
| Value of Export (Million US$) | Share (%) | ||
| Major Commodity Group | April-September 2022-23 | April-September 2021-22 | April-September 2022-23 |
| Engineering goods | 54456.02 | 54518.41 | 23.77 |
| Petroleum products | 49889.66 | 28582.46 | 21.78 |
| Gems and Jewellery | 20484.36 | 19299.26 | 8.94 |
| Organic and Inorganic chemicals | 15744.19 | 13905.05 | 6.87 |
| Drugs and Pharmaceuticals | 12580.51 | 11998.79 | 5.49 |
| Electronic goods | 10192.88 | 6526.92 | 4.45 |
| RMG of all Textiles | 8126.38 | 7333.87 | 3.55 |
| Cotton Yarn/Fabs./Madeups, Handloom products etc. | 5761.87 | 7294.97 | 2.52 |
| Rice | 5427.62 | 4628.38 | 2.37 |
| Plastic and Linoleum | 4537.37 | 4911.83 | 1.98 |
| Total of 10 Major Commodity Groups | 187200.86 | 158999.93 | 81.73 |
| Rest | 41854.09 | 39250.78 | 18.27 |
| Total Exports | 229054.94 | 198250.72 | 100.00 |
Top 10 major commodity groups covering 78% of total imports in April-September 2022-23, are –
| Statement 10: Imports of Top 10 Major Commodity Groups in April 2021-September 2022 | |||
| Value of Import (Million US$) | Share (%) | ||
| Major Commodity Group | April-September 2022-23 | April-September 2021-22 | April-September 2022-23 |
| Petroleum, Crude & products | 114982.23 | 69536.68 | 30.38 |
| Electronic goods | 39588.41 | 32025.85 | 10.46 |
| Coal, Coke & Briquettes, etc. | 30245.98 | 11959.57 | 7.99 |
| Machinery, electrical & non-electrical | 21790.35 | 18146.48 | 5.76 |
| Gold | 20077.82 | 23906.80 | 5.30 |
| Organic & Inorganic Chemicals | 18689.34 | 14000.85 | 4.94 |
| Pearls, precious & Semi-precious stones | 16503.97 | 14733.30 | 4.36 |
| Artificial resins, plastic materials, etc. | 12356.69 | 9245.13 | 3.26 |
| Transport equipment | 11529.98 | 9099.80 | 3.05 |
| Vegetable Oil | 11054.88 | 8862.38 | 2.92 |
| Total of 10 Major Commodity Groups | 296819.66 | 211516.83 | 78.41 |
| Rest | 81705.78 | 62986.41 | 21.59 |
| Total Imports | 378525.44 | 274503.24 | 100.00 |
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