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Shri Narendra Modi
Shri Narendra Modi
Prime Minister of India
PRESS RELEASE INDIA’S MERCHANDISE TRADE: Preliminary Data March 2022

India has achieved highest monthly value of merchandise export in March 2022 amounting USD 40.38 billion, an increase of 14.53% over USD 35.26 billion in March 2021 and an increase of 87.89% over USD 21.49 billion in March 2020.

       

 

India’s merchandise import in April 2021-March 2022 was USD 610.22 billion, an increase of 54.71%

over USD 394.44 billion in April 2020-March 2021 and an increase of 28.55% over USD 474.71 billion in April 2019-March 2020. The trade deficit in March 2022 was USD 18.69 billion, while it was 192.41billion USD during April 2021-March 2022.

 

Statement 1India’s Total Trade in Merchandise goods in March2022 
  
Value in Billion USD 
% Growth 
Mar-22 
Mar-21 
Mar-20 
Mar-22 over 
Mar-21 
Mar-22 over 
Mar-20 
Exports 
40.38 
35.26 
21.49 
14.53 
87.89 
Imports 
59.07 
48.90 
31.47 
20.79 
87.68 
Deficit 
18.69 
13.64 
9.98 
36.97 
87.23 
Statement 2: India’s Total Trade in Merchandise goods in Apr 2021Mar2022
Value in Billion USD
% Growth
Apr21-Mar
22
Apr20-Mar2
1
Apr19-Mar2
0
Apr21-Mar22
over
Apr20-Mar21
Apr21-Mar22
over
Apr19-Mar20
Exports
417.81
291.81
313.36
43.18
33.33
Imports
610.22
394.44
474.71
54.71
28.55
Deficit
192.41
102.63
161.35
87.49
19.25

 

India’s merchandise import in April 2021-March 2022 was USD 610.22 billion, an increase of 54.71% over USD 394.44 billion in April 2020-March 2021 and an increase of 28.55% over USD 474.71 billion in April 2019-March 2020.

The trade deficit in March 2022 was USD 18.69 billion, while it was 192.41billion USD during April 2021-March 2022.

Statement 1India’s Total Trade in Merchandise goods in March2022 
  
Value in Billion USD 
% Growth 
Mar-22 
Mar-21 
Mar-20 
Mar-22 over 
Mar-21 
Mar-22 over 
Mar-20 
Exports 
40.38 
35.26 
21.49 
14.53 
87.89 
Imports 
59.07 
48.90 
31.47 
20.79 
87.68 
Deficit 
18.69 
13.64 
9.98 
36.97 
87.23 

Statement 1: India’s Total Trade in Merchandise goods in March2022

Value in Billion USD

% Growth

Mar-22

Mar-21

Mar-20

Mar-22 over Mar-21

Mar-22 over Mar-20

Exports

40.38

35.26

21.49

14.53

87.89

Imports

59.07

48.90

31.47

20.79

87.68

Deficit

18.69

13.64

9.98

36.97

87.23

 

 

       

Value of non-petroleum exports in March 2022 was 33.00 USD billion, registering a positive growth of 4.28% over non-petroleum exports of USD 31.65 billion in March 2021 and a positive growth of 73.94% over non-petroleum exports of USD 18.97 billion in March 2020.

Value of non-petroleum imports was USD 40.66 billion in March 2022 with a positive growth of 5.26% over non-petroleum imports of USD 38.63 billion in March 2021 and a positive growth of 89.79% over non-petroleum imports of USD 21.42 billion in March 2020.

 

Statement 3: Merchandise Non-POL Trade in March 2022

Value in Billion USD

% Growth

Mar-22

Mar-21

Mar-20

Mar-22 over Mar-21

Mar-22 over Mar-20

Exports

33.00

31.65

18.97

4.28

73.94

Imports

40.66

38.63

21.42

5.26

89.79

 

The cumulative value of non-petroleum exports in April 2021-March 2022 was USD 352.76 billion, an increase of 32.62% over USD 266.00 billion in April 2020-March 2021 and an increase of 29.66% over USD 272.07 billion in April 2019-March 2020.

The cumulative value of non-petroleum imports in April 2021-March 2022 was USD 449.54 billion, showing an increase of 44.2% compared to non-oil imports of USD 311.75 billion in April 2020-March 2021 and an increase of 30.62% compared to non-oil imports of USD 344.16 billion in April 2019-March 2020

 

 

Statement 4: Merchandise Non-POL Trade Apr 2021-Mar 2022

Value in Billion USD

% Growth

Apr21-Mar22

Apr20-Mar21

Apr19-Mar20

Apr21-Mar22 over Apr20-Mar21

Apr21-Mar22 over Apr19-Mar20

Exports

352.76

266.00

272.07

32.62

29.66

Imports

449.54

311.75

344.16

44.20

30.62

 

 

Value of non-petroleum and non-gems and jewellery exports in March 2022 was USD 29.38 billion, registering a positive growth of 4.79% over non-petroleum and non-gems and jewellery exports of USD 28.03 billion in March 2021 and a positive growth of 73.28% over non-petroleum and non-gems and jewellery exports of USD 16.95 billion in March 2020.

Value of non-oil, non-GJ (gold, silver & Precious metals) imports was USD 36.18 billion in March 2022 with a positive growth of 31.21% over non-oil and non-GJ imports of USD 27.58 billion in March 2021 and a positive growth of 93.52% over non-oil and non-GJ imports of USD 18.70 billion in March 2020.

 

Statement 5: Merchandise Non-POL Non-GJ Trade in March 2022

Value in Billion USD

% Growth

Mar-22

Mar-21

Mar-20

Mar-22 over Mar-21

Mar-22 over Mar-20

Exports

29.38

28.03

16.95

4.79

73.28

Imports

36.18

27.58

18.70

31.21

93.52

The cumulative value of non-petroleum and non-gems and jewellery exports in April 2021-March 2022 was USD 313.82 billion, an increase of 30.77% over cumulative value of non-petroleum and non-gems and jewellery exports of USD 239.98 billion in April 2020-March 2021 and an increase of 32.88% over cumulative value of non-petroleum and non-gems and jewellery exports of USD 236.17 billion in April 2019-March 2020.

Non-oil, non-GJ (Gold, Silver & Precious Metals) imports was USD 369.19 billion in April 2021-March 2022, recording a positive growth of 43.39%, as compared to non-oil and non-GJ imports of USD 257.47 billion in April 2020-March 2021 and a positive growth of 26.98% over USD 290.74 billion in April 2019-March 2020.

 

Statement 6: Merchandise Non-POL Non-GJ Trade Apr 2021-Mar 2022

Value in Billion USD

% Growth

Apr21-Mar22

Apr20-Mar21

Apr19-Mar20

Apr21-Mar22 over Apr20-Mar21

Apr21-Mar22 over Apr19-Mar20

Exports

313.82

239.98

236.17

30.77

32.88

Imports

369.19

257.47

290.74

43.39

26.98

Top 10 major commodity groups covering 81% of total exports in March 2022,are –

 

 

Statement 7: Exports of Top 10 Major Commodity Groups in March 2022

Value of Export (Million US$)

Share (%)

Growth (%)

Major Commodity Group

Mar-22

Mar-21

Mar-22

Mar-22 over Mar-21

Engineering goods

10470.80

9298.36

25.93

12.61

Petroleum products

7377.07

3609.36

18.27

104.39

Gems and Jewellery

3624.34

3613.01

8.98

0.31

Organic and Inorganic chemicals

2649.59

2288.87

6.56

15.76

Drugs and Pharmaceuticals

2261.65

2295.05

5.60

-1.46

Electronic goods

1740.56

1400.67

4.31

24.27

RMG of all Textiles

1661.50

1425.95

4.11

16.52

Cotton Yarn/Fabs./Madeups, Handloom products etc.

1290.26

1105.05

3.20

16.76

Rice

985.48

1116.54

2.44

-11.74

Plastic and Linoleum

811.53

719.54

2.01

12.78

Total of 10 Major Commodity Groups

32872.78

26872.40

81.41

22.33

Rest

7506.82

8384.20

18.59

-10.46

Total Exports

40379.59

35256.60

100.00

14.53

 

 

Top 10 major commodity groups covering 81% of total importsin March 2022, are –

 

 

Statement 8: Imports of Top 10 Major Commodity Groups in March 2022

Import (Million US$)

Share (%)

Growth (%)

Major Commodity Group

Mar-22

Mar-21

Mar-22

Mar-22 over Mar-21

Petroleum, Crude & products

18406.97

10271.38

31.16

79.21

Electronic goods

8293.79

5864.15

14.04

41.43

Coal, Coke & Briquettes, etc.

4390.95

1735.74

7.43

152.97

Machinery, electrical & non-electrical

3457.83

3513.68

5.85

-1.59

Pearls, precious & Semi-precious stones

3337.02

2547.27

5.65

31.00

Organic & Inorganic Chemicals

2720.91

2102.57

4.61

29.41

Transport equipment

1993.64

2210.75

3.38

-9.82

Artificial resins, plastic materials, etc.

1861.93

1719.92

3.15

8.26

Vegetable Oil

1674.59

1076.81

2.84

55.51

Fertilisers, Crude & manufactured

1615.96

204.16

2.74

691.50

Total of 10 Major Commodity Groups

47753.59

31246.42

80.85

52.83

Rest

11312.37

17652.44

19.15

-35.92

Total Imports

59065.96

48898.86

100.00

20.79

 

 

Top 10 major commodity groups covering 80% of total exports in April 2021-March 2022, are –

Statement 9: Exports of Top 10 Major Commodity Groups in April 2021-March 2022

Value of Export (Million US$)

Share (%)

Growth (%)

Major Commodity Group

Apr21-Mar22

Apr20-Mar21

Apr21-Mar22

Apr21-Mar22 over Apr20-Mar21

Engineering goods

111632.94

76719.60

26.72

45.51

Petroleum products

65044.80

25804.37

15.57

152.07

Gems and Jewellery

38942.88

26022.82

9.32

49.65

Organic and Inorganic chemicals

29152.67

22088.48

6.98

31.98

Drugs and Pharmaceuticals

24475.36

24444.03

5.86

0.13

RMG of all Textiles

15936.70

12272.21

3.81

29.86

Electronic goods

15588.06

11093.29

3.73

40.52

Cotton Yarn/Fabs./Madeups, Handloom products etc.

15244.20

9827.89

3.65

55.11

Plastic and Linoleum

9783.35

7462.85

2.34

31.09

Rice

9625.50

8829.21

2.30

9.02

Total of 10 Major Commodity Groups

335426.46

224564.75

80.28

49.37

Rest

82382.75

67243.73

19.72

22.51

Total Exports

417809.21

291808.48

100.00

43.18

 

Top 10 major commodity groups covering 77% of total importsin April 2021-March 2022, are –

 

Statement 10: Imports of Top 10 Major Commodity Groups in April 2021-March 2022

Import (Million US$)

Share (%)

Growth (%)

Major Commodity Group

Apr21-Mar22

Apr20-Mar21

Apr21-Mar22

Apr21-Mar22 over Apr20-Mar21

Petroleum, Crude & products

160683.24

82683.87

26.33

94.33

Electronic goods

73067.90

54287.93

11.97

34.59

Gold

46140.66

34603.92

7.56

33.34

Machinery, electrical & non-electrical

39853.08

30084.48

6.53

32.47

Coal, Coke & Briquettes, etc.

31514.97

16274.53

5.16

93.65

Pearls, precious & Semi-precious stones

30927.82

18887.96

5.07

63.74

Organic & Inorganic Chemicals

30222.86

19825.35

4.95

52.45

Transport equipment

20206.07

18649.18

3.31

8.35

Artificial resins, plastic materials, etc.

20104.96

13510.01

3.29

48.82

Vegetable Oil

18931.51

11089.11

3.10

70.72

Total of 10 Major Commodity Groups

471653.07

299896.33

77.29

57.27

Rest

138568.35

94539.54

22.71

46.57

Total Imports

610221.42

394435.87

100.00

54.71