IGI Logo

The commerce ministry in its latest data has showed that India’s merchandise exports rose by 4.82 per cent to $35.45 billion in September 2022 as compared to $33.81 Billion in September 2021. Merchandise imports in September 2022 were $61.16 Billion, which is an increase of 8.66 per cent over imports of $56.29 Billion in September 2021. The trade deficit has widened to $25.71 Billion in September 2022 as against $22.47 Billion in September 2021.

As per the data, exports for the period April-September 2022 were $231.88 Billion as against $198.25 Billion during the period April-September 2021, registering a positive growth of 16.96 per cent. Imports for the period April-September 2022 were $380.34 Billion as against $274.50 Billion during the period April-September 2021, registering a positive growth of 38.55 per cent. The trade deficit for April-September 2022 was estimated at $148.46 Billion as against $ 76.25 Billion in April-September 2021, which is an increase of 94.69 per cent.

Data further showed that non-petroleum and non-gems & jewellery exports in September 2022 were $24.22 Billion, registering a negative growth of (-) 4.58 per cent over $25.38 Billion in September 2021. Non-petroleum and non-gems & jewellery exports during April-September 2022 was $160.00 Billion, an increase of 6.41 per cent over $150.37 Billion in April-September 2021. Non-petroleum, non-gems & jewellery (gold, silver & precious metals) imports were $37.71 Billion in September 2022 with a positive growth of 20.64 per cent over $31.26 Billion in September 2021. Non-petroleum, non-gems & jewellery (gold, silver & precious metals) imports were $223.99 Billion in April-September 2022, recording a positive growth of 35.18 per cent, as compared to $165.70 Billion in April-September 2021.