IGI Logo

The commerce ministry in its latest data has showed that India's merchandise exports rose by 15.46 per cent to $37.29 billion in May 2022 as compared to $32.30 billion in the same month last year on account of healthy performance by sectors like petroleum products, electronic goods and chemicals. India's merchandise imports in May 2022 surged by 56.14 per cent to $60.62 billion as compared to $38.83 billion in May 2021. India's merchandise export in April-May 2022-23 rose to $77.08 billion, posting an increase of 22.26 per cent over $63.05 billion in the corresponding period of the previous year. India's merchandise imports in April-May 2022-23 stood at $120.81 billion with an increase of 42.35 per cent over $84.87 billion in April -May 2021-22. The trade deficit in May 2022 widened to $23.33 billion from $6.53 billion recorded in the same month last year.

According to the data, value of non-petroleum exports in May 2022 was $29.18 billion, registering a positive growth of 8.13% over non-petroleum exports of $26.99 billion in May 2021. The cumulative value of non-petroleum exports in April -May 2022-23 was $61.09 billion, an increase of 12.9% over $54.11 billion in April -May 2021-22. Value of non-petroleum and non-gems and jewellery exports in May 2022 was $26.08 billion, registering a positive growth of 8.57% over non-petroleum and non-gems and jewellery exports of $24.02 billion in May 2021. The cumulative value of non-petroleum and non-gems and jewellery exports in April -May 2022-23 was $54.52 billion, an increase of 14.15% over cumulative value of non-petroleum and non-gems and jewellery exports of $47.76 billion in April -May 2021-22.

It further indicated that value of non-petroleum imports was $42.48 billion in May 2022 with a positive growth of 44.7% over non-petroleum imports of $29.36 billion in May 2021. The cumulative value of non-petroleum imports in April -May 2022-23 was $82.55 billion, showing an increase of 27.72% compared to non-oil imports of $64.63 billion in April -May 2021-22. Value of non-oil, non-GJ (gold, silver & Precious metals) imports was $33.61 billion in May 2022 with a positive growth of 27.2% over non-oil and non-GJ imports of $26.42 billion in May 2021. Non-oil, non-GJ (Gold, Silver & Precious Metals) imports in April -May 2022-23 was $69.25 billion, recording a positive growth of 30.71%, as compared to non-oil and non-GJ imports of $52.97 billion in April -May 2021-22.