INDIA’S MERCHANDISE TRADE: Preliminary Data of June 2022
India has achieved a monthly value of merchandise export in June 2022 amounting USD 37.94 billion, an increase of 16.78% over USD 32.49 billion in June 2021. India’s merchandise export in April -June 2022-23 was USD 116.77 billion with an increase of 22.22% over USD 95.54 billion in April -June 2021-22.
Value of non-petroleum exports in June 2022 was 30.12 USD billion, registering a positive growth of 5.53% over non-petroleum exports of USD 28.54 billion in June 2021. The cumulative value of non-petroleum exports in April -June 2022-23 was USD 92.49 billion, an increase of 11.92% over USD 82.65 billion in April -June 2021-22.
Value of non-petroleum and non-gems and jewellery exports in June 2022 was USD 26.75 billion, registering a positive growth of 4.0% over non-petroleum and non-gems and jewellery exports of USD 25.72 billion in June 2021. The cumulative value of non-petroleum and non-gems and jewellery exports in April -June 2022–23 was USD 82.43 billion, an increase of 12.19% over cumulative value of non-petroleum and non-gems and jewellery exports of USD 73.47 billion in April -June 2021–22.
Petroleum products (98.01%), Electronic goods (50.66%) and RMG of all Textiles (44.67%) led the way in high increase in exports during June 2022.
India’s merchandise import in June 2022 was USD 63.58 billion, an increase of 51.02% over USD 42.1 billion in June 2021. India’s merchandise imports in April -June 2022-23 was USD 187.02 billion with an increase of 47.31% over USD 126.96 billion in April -June 2021-22.
Value of non-petroleum imports was USD 42.84 billion in June 2022 with a positive growth of 36.36% over non-petroleum imports of USD 31.42 billion in June 2021. The cumulative value of non-petroleum imports in April -June 2022–23 was USD 126.95 billion, showing an increase of 32.18% compared to non-oil imports of USD 96.04 billion in April -June 2021–22.
Value of non-oil, non-GJ (gold, silver & Precious metals) imports was USD 36.7 billion in June 2022 with a positive growth of 31.71% over non-oil and non-GJ imports of USD 27.87 billion in June 2021. Non-oil, non-GJ (Gold, Silver & Precious Metals) imports in April -June 2022-23 was USD 107.14 billion, recording a positive growth of 32.55%, as compared to non-oil and non-GJ imports of USD 80.83 billion in April -June 2021-22.
The trade deficit in June 2022 was USD 25.63 billion, while it was 70.25 billion USD during April -June 2022-23.
| Statement 1: India’s Total Trade in Merchandise goods in June 2022 | |||
| Value in Billion USD | % Growth | ||
| JUNE’22 | JUNE’21 | JUNE’22 vs JUNE’21 | |
| Exports | 37.94 | 32.49 | 16.78 |
| Imports | 63.58 | 42.10 | 51.02 |
| Deficit | 25.63 | 9.61 | – |
| Statement 2: India’s Total Trade in Merchandise goods in April-June 2022-23 | |||
| Value in Billion USD | % Growth | ||
| APR’22-JUNE’22 | APR’21-JUNE’21 | APR-JUNE 2022-23 vs APR-JUNE 2021-22 | |
| Exports | 116.77 | 95.54 | 22.22 |
| Imports | 187.02 | 126.96 | 47.31 |
| Deficit | 70.25 | 31.42 | – |
| Statement 3: Merchandise Non-POL Trade in June 2022 | |||
| Value in Billion USD | % Growth | ||
| JUNE’22 | JUNE’21 | JUNE’22 vs JUNE’21 | |
| Exports | 30.12 | 28.54 | 5.53 |
| Imports | 42.84 | 31.42 | 36.36 |
| Statement 4: Merchandise Non-POL Trade in April-June 2022-23 | |||
| Value in Billion USD | % Growth | ||
| APR’22-JUNE’22 | APR’21-JUNE’21 | APR-JUNE 2022-23 vs APR-JUNE 2021-22 | |
| Exports | 92.49 | 82.65 | 11.92 |
| Imports | 126.95 | 96.04 | 32.18 |
| Statement 5: Merchandise Non-POL Non-GJ Trade in June 2022 | |||
| Value in Billion USD | % Growth | ||
| JUNE’22 | JUNE’21 | JUNE’22 vs JUNE’21 | |
| Exports | 26.75 | 25.72 | 4.00 |
| Imports | 36.70 | 27.87 | 31.71 |
| Statement 6: Merchandise Non-POL Non-GJ Trade in April-June 2022-23 | |||
| Value in Billion USD | % Growth | ||
| APR’22-JUNE’22 | APR’21-JUNE’21 | APR-JUNE 2022-23 vs APR-JUNE 2021-22 | |
| Exports | 82.43 | 73.47 | 12.19 |
| Imports | 107.14 | 80.83 | 32.55 |
Top 10 major commodity groups covering 81% of total exports in June 2022, are –
| Statement 7: Exports of Top 10 Major Commodity Groups in June 2022 | ||||
| Value of Export (Million US$) | Share (%) | Growth (%) | ||
| Major Commodity Group | June-22 | June-21 | June-22 | June-22 over June-21 |
| Engineering goods | 9149.59 | 9295.06 | 24.11 | -1.57 |
| Petroleum products | 7826.60 | 3952.68 | 20.63 | 98.01 |
| Gems and Jewellery | 3372.57 | 2824.44 | 8.89 | 19.41 |
| Organic and Inorganic chemicals | 2799.82 | 2666.32 | 7.38 | 5.01 |
| Drugs and Pharmaceuticals | 1995.75 | 2021.42 | 5.26 | -1.27 |
| Electronic goods | 1571.58 | 1043.10 | 4.14 | 50.66 |
| RMG of all Textiles | 1449.31 | 1001.81 | 3.82 | 44.67 |
| Rice | 1034.64 | 742.70 | 2.73 | 39.31 |
| Yarn/Fabs./Madeups, Handloom products etc. | 925.24 | 1194.50 | 2.44 | -22.54 |
| Plastic and Linoleum | 752.01 | 979.52 | 1.98 | -23.23 |
| Total of 10 Major Commodity Groups | 30877.10 | 25721.55 | 81.37 | 20.04 |
| Rest | 7067.37 | 6771.45 | 18.63 | 4.37 |
| Total Exports | 37944.48 | 32493.00 | 100.00 | 16.78 |
Top 10 major commodity groups covering 80% of total imports in June 2022, are –
| Statement 8: Imports of Top 10 Major Commodity Groups in June 2022 | ||||
| Value of Import (Million US$) | Share (%) | Growth (%) | ||
| Major Commodity Group | June-22 | June-21 | June-22 | June-22 over June-21 |
| Petroleum, Crude & products | 20734.03 | 10678.42 | 32.61 | 94.17 |
| Coal, Coke & Briquettes, etc. | 6411.09 | 1875.60 | 10.08 | 241.81 |
| Electronic goods | 5838.62 | 4601.61 | 9.18 | 26.88 |
| Machinery, electrical & non-electrical | 3628.93 | 3181.17 | 5.71 | 14.08 |
| Organic & Inorganic Chemicals | 3357.29 | 2454.65 | 5.28 | 36.77 |
| Pearls, precious & Semi-precious stones | 2748.48 | 2571.76 | 4.32 | 6.87 |
| Gold | 2611.02 | 969.02 | 4.11 | 169.45 |
| Artificial resins, plastic materials, etc. | 2157.09 | 1470.42 | 3.39 | 46.70 |
| Vegetable Oil | 1754.26 | 1435.43 | 2.76 | 22.21 |
| Non-ferrous metals | 1532.75 | 1457.19 | 2.41 | 5.19 |
| Total of 10 Major Commodity Groups | 50773.56 | 30695.27 | 79.86 | 65.41 |
| Rest | 12803.04 | 11402.99 | 20.14 | 12.28 |
| Total Imports | 63576.59 | 42098.26 | 100.00 | 51.02 |
Top 10 major commodity groups covering 81% of total exports in April 2021-June 2022, are –
| Statement 9: Exports of Top 10 Major Commodity Groups in April 2021-June 2022 | ||||
| Value of Export (Million US$) | Share (%) | Growth (%) | ||
| Major Commodity Group | Apr’22-June’22 | Apr’21-June’21 | Apr’21-June’22 | Apr’21-June’22 over Apr’20-June’21 |
| Engineering goods | 28543.85 | 25893.29 | 24.44 | 10.24 |
| Petroleum products | 24274.78 | 12891.19 | 20.79 | 88.31 |
| Gems and Jewellery | 10065.96 | 9171.76 | 8.62 | 9.75 |
| Organic and Inorganic chemicals | 8040.39 | 6874.75 | 6.89 | 16.96 |
| Drugs and Pharmaceuticals | 6131.39 | 5788.82 | 5.25 | 5.92 |
| Electronic goods | 4643.86 | 2968.18 | 3.98 | 56.45 |
| RMG of all Textiles | 4439.44 | 3406.49 | 3.80 | 30.32 |
| Yarn/Fabs./Madeups, Handloom products etc. | 3124.41 | 3365.75 | 2.68 | -7.17 |
| Rice | 2696.53 | 2412.21 | 2.31 | 11.79 |
| Plastic and Linoleum | 2314.73 | 2571.20 | 1.98 | -9.97 |
| Total of 10 Major Commodity Groups | 94275.35 | 75343.65 | 80.74 | 25.13 |
| Rest | 22492.49 | 20193.27 | 19.26 | 11.39 |
| Total Exports | 116767.85 | 95536.92 | 100.00 | 22.22 |
Top 10 major commodity groups covering 80% of total imports in April 2021-June 2022, are –
| Statement 10: Imports of Top 10 Major Commodity Groups in April 2021-June 2022 | ||||
| Value of Import (Million US$) | Share (%) | Growth (%) | ||
| Major Commodity Group | Apr’22-June’22 | Apr’21-June’21 | Apr’21-June’22 | Apr’21-June’22 over Apr’20-June’21 |
| Petroleum, Crude & products | 60073.94 | 30912.22 | 32.12 | 94.34 |
| Electronic goods | 18239.58 | 13899.16 | 9.75 | 31.23 |
| Coal, Coke & Briquettes, etc. | 16764.21 | 5872.42 | 8.96 | 185.47 |
| Gold | 10360.93 | 7885.05 | 5.54 | 31.40 |
| Machinery, electrical & non-electrical | 10349.91 | 9213.38 | 5.53 | 12.34 |
| Organic & Inorganic Chemicals | 9980.74 | 7005.18 | 5.34 | 42.48 |
| Pearls, precious & Semi-precious stones | 8111.15 | 7287.54 | 4.34 | 11.30 |
| Artificial resins, plastic materials, etc. | 6254.73 | 4895.20 | 3.34 | 27.77 |
| Vegetable Oil | 5188.22 | 4157.39 | 2.77 | 24.79 |
| Non-ferrous metals | 5035.32 | 4036.95 | 2.69 | 24.73 |
| Total of 10 Major Commodity Groups | 150358.73 | 95164.50 | 80.40 | 58.00 |
| Rest | 36663.95 | 31792.60 | 19.60 | 15.32 |
| Total Imports | 187022.67 | 126957.10 | 100.00 | 47.31 |
SOURCE-PIB
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