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Shri Narendra Modi
Shri Narendra Modi
Prime Minister of India
INDIA’S MERCHANDISE TRADE: Preliminary Data of May 2022
India has achieved monthly value of merchandise export in May 2022 amounting USD 37.29 billion, an increase of 15.46% over USD 32.30 billion in May 2021. India’s merchandise export in April -May 2022-23was USD 77.08 billion with an increase of 22.26% over USD 63.05 billion in April -May 2021-22.
Value of non-petroleum exports in May 2022 was 29.18 USD billion, registering a positive growth of 8.13% over non-petroleum exports of USD 26.99 billion in May 2021. The cumulative value of non-petroleum exports in April -May 2022-23 was USD 61.09 billion, an increase of 12.9% over USD 54.11 billion in April-May 2021-22.
Value of non-petroleum and non-gems and jewellery exports in May 2022 was USD 26.08 billion, registering a positive growth of 8.57% over non-petroleum and non-gems and jewellery exports of USD 24.02 billion in May 2021. The cumulative value of non-petroleum and non-gems and jewellery exports in April -May 2022-23 was USD 54.52 billion, an increase of 14.15% over cumulative value of non-petroleum and non-gems and jewellery exports of USD 47.76 billion in April -May 2021-22.
Petroleum products (52.71%), Electronic goods (41.46%) and RMG of all Textiles (22.94%) led the way in high increase in exports during May 2022.
India’s merchandise import in May 2022 was USD 60.62 billion, an increase of 56.14% over USD 38.83 billion in May 2021. India’s merchandise imports in April -May 2022-23 was USD 120.81 billion with an increase of 42.35% over USD 84.87 billion in April -May 2021-22.
Value of non-petroleum imports was USD 42.48 billion in May 2022 with a positive growth of 44.7% over non-petroleum imports of USD 29.36 billion in May 2021. The cumulative value of non-petroleum imports in April -May 2022-23 was USD 82.55 billion, showing an increase of 27.72% compared to non-oil imports of USD 64.63 billion in April -May 2021-22.
Value of non-oil, non-GJ (gold, silver & Precious metals) imports was USD 33.61 billion in May 2022 with a positive growth of 27.2% over non-oil and non-GJ imports of USD 26.42 billion in May 2021. Non-oil, non-GJ (Gold, Silver & Precious Metals) imports in April -May 2022-23 was USD 69.25 billion, recording a positive growth of 30.71%, as compared to non-oil and non-GJ imports of USD 52.97 billion in April -May 2021-22.
The trade deficit in May 2022 was USD 23.33 billion, while it was 43.73 billion USD during April -May
2022-23.
Statement1:India’sTotalTradeinMerchandisegoodsinMay2022
ValueinBillionUSD
%Growth
MAY’22
MAY’21
MAY’22vs MAY’21
Exports
37.29
32.30
15.46
Imports
60.62
38.83
56.14
Deficit
23.33
6.53

 

Statement 2: India’s Total Trade in Merchandise goods in April-May 2022-23 
 
Value in Billion USD 
% Growth 
APR’22
MAY’22 
APR’21
MAY’21 
APR-MAY 2022-23 vs 
APR-MAY 2021-22 
Exports 
77.08 
63.05 
22.26 
Imports 
120.81 
84.87 
42.35 
Deficit 
43.73 
21.82 
 
 
Statement 3: Merchandise Non-POL Trade in May 2022 
 
Value in Billion USD 
% Growth 
MAY’22 
MAY’21 
MAY’22 vs MAY’21 
Exports 
29.18 
26.99 
8.13 
Imports 
42.48 
29.36 
44.70 
Statement 4: Merchandise Non-POL Trade in April-May 2022-23 
 
Value in Billion USD 
% Growth 
APR’22
MAY’22 
APR’21
MAY’21 
APR-MAY 2022-23 vs 
APR-MAY 2021-22 
Exports 
61.09 
54.11 
12.90 
Imports 
82.55 
64.63 
27.72

 

Statement 5: Merchandise Non-POL Non-GJ Trade in May 2022 
 
Value in Billion USD 
% Growth 
MAY’22 
MAY’21 
MAY’22 vs MAY’21 
Exports 
26.08 
24.02 
8.57 
Imports 
33.61 
26.42 
27.20 

 

Statement 6: Merchandise Non-POL Non-GJ Trade in April-May 2022-23 
 
Value in Billion USD 
% Growth 
APR’22
MAY’22 
APR’21
MAY’21 
APR-MAY 2022-23 vs 
APR-MAY 2021-22 
Exports 
54.52 
47.76 
14.15 
Imports 
69.25 
52.97 
30.71 
Top10majorcommoditygroupscovering81%oftotalexportsinMay2022,are–
Statement 7: Exports of Top 10 Major Commodity Groups in May 2022 
 
Value of Export (Million US$) 
Share (%) 
Growth (%) 
Major Commodity Group 
May-22 
May-21 
May-22 
May-22 over 
May-21 
Engineering goods                                            
9299.44 
8623.65 
24.94 
7.84 
Petroleum products                                           
8113.89 
5313.28 
21.76 
52.71 
Gems and Jewellery                                           
3102.48 
2968.19 
8.32 
4.52 
Organic and Inorganic chemicals                              
2446.71 
2182.94 
6.56 
12.08 
Drugs and Pharmaceuticals                                    
1983.15 
1874.83 
5.32 
5.78 
RMG of all Textiles                                          
1360.95 
1107.00 
3.65 
22.94 
Electronic goods                                             
1339.10 
946.66 
3.59 
41.46 
Cotton Yarn/Fabs./Madeups, 
Handloom products etc.            
1005.07 
1106.04 
2.70 
-9.13 
Rice                                                         
822.45 
773.91 
2.21 
6.27 
Plastic and Linoleum                                         
729.45 
863.79 
1.96 
-15.55 
Total of 10 Major Commodity 
Groups 
30202.72 
25760.27 
80.99 
17.25 
Rest 
7090.59 
6538.81 
19.01 
8.44 
Total Exports 
37293.31 
32299.08 
100.00 
15.46 

Top 10 major commodity groups covering 81% of total imports in May 2022, are –

 

Statement 8: Imports of Top 10 Major Commodity Groups in May 2022 
 
Value of Import (Million US$) 
Share (%) 
Growth (%) 
Major Commodity Group 
May-22 
May-21 
May-22 
May-22 over 
May-21 
Petroleum, Crude & products 
18142.14 
9468.96 
29.93 
91.60 
Gold 
5825.26 
677.67 
9.61 
759.60 
Electronic goods 
5445.05 
4239.80 
8.98 
28.43 
Coal, Coke & Briquettes, etc. 
5333.79 
1992.26 
8.80 
167.73 
Machinery, electrical & non
electrical 
3118.47 
2979.25 
5.14 
4.67 
Organic & Inorganic Chemicals 
3069.10 
2306.35 
5.06 
33.07 
Pearls, precious & Semi
precious stones 
2636.36 
2245.03 
4.35 
17.43 
Artificial resins, plastic 
materials, etc. 
1994.15 
1650.75 
3.29 
20.80 
Vegetable Oil  
1650.95 
1432.83 
2.72 
15.22 
Transport equipment 
1630.86 
1408.03 
2.69 
15.83 
Total of 10 Major Commodity 
Groups 
48846.12 
28400.94 
80.57 
71.99 
Rest 
11778.38 
10427.14 
19.43 
12.96 
Total Imports 
60624.51 
38828.07 
100.00 
56.14 

Top 10 major commodity groups covering 80% of total exports in April –May 2022-23, are –

 

Statement 9: Exports of Top 10 Major Commodity Groups in April-May 2022-23 
 
Value of Export (Million US$) 
Share (%) 
Growth (%) 
Major Commodity Group 
Apr22
May’22 
Apr21
May’21 
Apr’22
May’22 
APR-MAY 
2022-23 vs 
APR-MAY 
2021-22 
Engineering goods                                            
18977.12 
16597.70 
24.62 
14.34 
Petroleum products                                           
15992.33 
8938.94 
20.75 
78.91 
Gems and Jewellery                                           
6569.37 
6347.33 
8.52 
3.50 
Organic and Inorganic chemicals                              
5124.15 
4208.52 
6.65 
21.76 
Drugs and Pharmaceuticals                                    
4050.04 
3767.40 
5.25 
7.50 
Electronic goods                                             
3015.72 
1925.08 
3.91 
56.65 
RMG of all Textiles                                          
2935.73 
2404.67 
3.81 
22.08 
Cotton Yarn/Fabs./Madeups, 
Handloom products etc.            
2162.60 
2171.24 
2.81 
-0.40 
Rice                                                         
1629.10 
1669.51 
2.11 
-2.42 
Plastic and Linoleum                                         
1526.27 
1591.69 
1.98 
-4.11 
Total of 10 Major Commodity 
Groups 
61982.43 
49622.09 
80.42 
24.91 
Rest 
15095.34 
13424.11 
19.58 
12.45 
Total Exports                                   
77077.77
63046.2
100.00 
22.26
Top 10 major commodity groups covering 81% of total imports in April-May 2022-23, are    
Statement 10: Imports of Top 10 Major Commodity Groups in April-May 2022-23 
 
Value of Import (Million US$) 
Share (%) 
Growth (%) 
Major Commodity Group 
Apr’22
May’22 
Apr’21
May’21 
Apr’22-May’22 
APR-MAY 
2022-23 vs 
APR-MAY 
2021-22 
Petroleum, Crude & products 
38263.36 
20233.80 
31.67 
89.11 
Electronic goods 
12163.38 
9298.65 
10.07 
30.81 
Coal, Coke & Briquettes, etc. 
10265.52 
3996.82 
8.50 
156.84 
Gold 
7549.36 
6916.03 
6.25 
9.16 
Machinery, electrical & non
electrical 
6532.89 
6033.88 
5.41 
8.27 
Organic & Inorganic Chemicals 
6479.89 
4550.53 
5.36 
42.40 
Pearls, precious & Semi-precious 
stones 
5230.62 
4715.77 
4.33 
10.92 
Artificial resins, plastic materials, 
etc. 
4013.18 
3430.22 
3.32 
16.99 
Non-ferrous metals 
3451.44 
2579.76 
2.86 
33.79 
Vegetable Oil  
3382.89 
2721.97 
2.80 
24.28 
Total of 10 Major Commodity 
Groups 
97332.54 
64477.43 
80.57 
50.96 
Rest 
23479.46 
20389.88 
19.43 
15.15 
Total Imports 
120812.00 
84867.31 
100.00 
42.35