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The Commerce and Industry Ministry in its latest data has indicated that India's merchandise exports rose by 24.22 percent to $38.19 billion in April 2022 as compared to $30.75 billion in April 2021 on account of healthy performance by sectors like petroleum products, electronic goods, and chemicals. India's merchandise imports in April 2022 rose to $58.26 billion from $46.04 billion recorded in April 2021, posting year-on-year growth of 26.55 per cent. The trade deficit in April 2022 widened to $20.07 billion from $15.29 billion recorded in the same month last year posting an increase of 31.23 per cent.

According to the data, the value of non-petroleum exports in April 2022 was $30.46 billion, registering a positive growth of 12.32% over non-petroleum exports of $27.12 billion in April 2021. Value of non-petroleum and non-gems and jewellery exports in April 2022 was $27.16 billion, registering a positive growth of 14.38% over non-petroleum and non-gems and jewellery exports of $23.74 billion in April 2021. Petroleum products (113.21%), Electronic goods (64.04%) and Chemicals (26.71%) led the way in high increase in exports during April, 2022.

Data further indicated that the value of non-petroleum imports was $38.75 billion in April 2022 with a positive growth of 9.87% over non-petroleum imports of $35.27 billion in April 2021. Value of non-oil, non-GJ (gold, silver & Precious metals) imports was $34.43 billion in April 2022 with a positive growth of 29.68% over non-oil and non-GJ imports of $26.55 billion in April 2021.