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The commerce ministry in its latest data has showed that India's merchandise exports dipped marginally by 0.76 per cent to $35.24 billion in July 2022, though the trade deficit tripled to $31.02 billion during the month. The country's merchandise exports stood at $35.51 billion in July 2021. The previous decline in exports was recorded in February 2021 when the shipments had dipped by 0.4 per cent. However, the exports in April-July 2022-23 stood at $156.41 billion, an increase of 19.35 per cent over $131.06 billion in the corresponding period last fiscal.  

India’s merchandise import in July 2022 was $66.26 billion, an increase of 43.59% over $46.15 billion in July 2021. India’s merchandise imports in April -July 2022-23 was $256.43 billion with an increase of 48.12% over $173.12 billion in April -July 2021-22. Imports of crude and petroleum products during July this year was $21.13 billion, up 70.4 per cent compared to $12.4 billion in July 2021. Imports of coal, coke and briquettes were up 164.43 per cent while that of vegetable oil rose 47.18 per cent. Inbound shipments of gold, however, declined by 43.6 per cent to $2.37 billion compared to 4.2 billion in July 2021.

Value of non-petroleum exports in July 2022 was $29.82 billion, registering a positive growth of only 0.48% over non-petroleum exports of $29.67 billion in July 2021. The cumulative value of non-petroleum exports in April -July 2022-23 was $ 123.90 billion, an increase of 10.3% over $ 112.32 billion in April -July 2021-22. Value of non-petroleum and non-gems and jewellery exports in July 2022 was $26.54 billion, registering a positive growth of 1.24% over non-petroleum and non-gems and jewellery exports of $ 26.21 billion in July 2021. The cumulative value of non-petroleum and non-gems and jewellery exports in April -July 2022-23 was $ 110.39 billion, an increase of 10.73% over cumulative value of non-petroleum and non-gems and jewellery exports of $ 99.69 billion in April -July 2021-22.

Value of non-petroleum imports was $45.13 billion in July 2022 with a positive growth of 33.74% over non-petroleum imports of $ 33.74 billion in July 2021.The cumulative value of non-petroleum imports in April -July 2022-23 was $174.39 billion, showing an increase of 34.35% compared to non-oil imports of $129.81 billion in April -July 2021-22. Value of non-oil, non-GJ (gold, silver & Precious metals) imports was $38.44 billion in July 2022 with a positive growth of 42.88% over non-oil and non-GJ imports of $26.9 billion in July 2021.Non-oil, non-GJ (Gold, Silver & Precious Metals) imports in April -July 2022-23 was $147.55 billion, recording a positive growth of 36.93%, as compared to non-oil and non-GJ imports of $107.75 billion in April -July 2021-22.