IGI Logo

The commerce ministry in its latest data has said that India’s merchandise exports rose 23.52 per cent to $ 40.13 billion in June 2022 as compared to $ 32.49 billion in June 2021. Merchandise imports in June 2022 were $66.31 Billion, which is an increase of 57.55 per cent over imports of $42.09 Billion in June 2021. The trade deficit widened to $26.18 billion in June 2022 from $9.60 billion from the year-ago period mainly due to jump in gold and crude oil imports.

As per the data, merchandise exports for the period April-June 2022 were $118.96 Billion as against $95.54 Billion during the period April-June 2021, registering a positive growth of 24.51 per cent. Merchandise imports for the period April-June 2022 were $189.76 Billion as against $126.96 Billion during the period April-June 2021, registering a positive growth of 49.47 per cent. The merchandise trade deficit for April-June 2022 was estimated at $70.80 Billion as against $31.42 Billion in April-June 2021, which is an increase of 125.34 per cent.

Data further showed that non-petroleum and non-gems & jewellery exports in June 2022 were $27.94 Billion, registering a positive growth of 8.65 per cent over non-petroleum and non-gems & jewellery exports of $25.71 Billion in June 2021. Non-petroleum, non-gems & jewellery (gold, silver & precious metals) imports were $38.53 Billion in June 2022 with a positive growth of 38.30 per cent over Non-petroleum, non-gems & jewellery imports of $27.86 Billion in June 2021.

It also stated that non-petroleum and non-gems & jewellery exports during April-June 2022 was $83.62 Billion, an increase of 13.81 per cent over non-petroleum and non-gems & jewellery exports of $73.47 Billion in April-June 2021. Non-petroleum, non-gems & jewellery (gold, silver & precious metals) imports were $108.97 Billion in April-June 2022, recording a positive growth of 34.80 per cent, as compared to Non-petroleum, non-gems & jewellery imports of $80.83 Billion in April-June 2021.