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India’s exports increase by 36.76 pc YoY in Jan Export
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India’s exports increase by 36.76 pc YoY in Jan

India Blooms News Service | @indiablooms | 15 Feb 2022, 08:47 pm

New Delhi/IBNS: India’s overall exports (Merchandise and Services combined) in January 2022 are estimated to be $ 61.41 billion, exhibiting a positive growth of 36.76 percent over the same period last year and a positive growth of 38.90 percent over January 2020.

Overall imports in January 2022 are estimated to be $ 67.76 billion, exhibiting a slower rate of growth of 30.54 percent over the same period last year and a positive growth of 30.19 percent over January 2020.

In April-January 2021-22, India’s overall exports (Merchandise and Services combined) stood at 545.71 billion, reflecting a positive growth of 37.68 percent over the same period last year and a positive growth of 23.29 percent over April-January 2019-20.

Overall imports in April-January 2021-22 are estimated to be $ 616.91 billion, exhibiting a positive growth of 54.35 percent over the same period last year and a positive growth of 20.15 percent over April-January 2019-20.

MERCHANDISE TRADE

Merchandise exports in January 2022 were $ 34.50 billion, as compared to $ 27.54 billion in January 2021, exhibiting a positive growth of 25.28 percent. As compared to January 2020, exports in January 2022 exhibited a positive growth of 33.45 percent.

Merchandise imports in January 2022 were $ 51.93 billion, which is an increase of 23.54 percent over imports of $ 42.03 billion in January 2021.

Imports in January 2022 have registered a positive growth of 26.19 percent in comparison to January 2020.

The merchandise trade balance for January 2022 was estimated at $ (-)17.42 billion as against $ (-) 14.49 billion in January 2021, which is a decline of (-) 20.23 percent. As compared to January 2020 ($ (-) 15.30 billion), trade balance in January 2022 exhibited a negative growth of (-) 13.91 percent.

Merchandise exports for the period April-January 2021-22 was $ 335.88 billion as against $ 228.92 billion during the period April-January 2020-21, registering a positive growth of 46.73 percent. As compared to April-January 2019-20, exports in April-January 2021-22 exhibited a positive growth of 27.17 percent.

Merchandise imports for the period April-January 2021-22 was $ 495.75 billion as against $ 304.79 billion during the period April-January 2020-21, registering a positive growth of 62.65 percent. Imports in April-January 2021-22 have registered a positive growth of 22.31 percent in comparison to April-January 2019-20.

The merchandise trade balance for April-January 2021-22 was estimated at $ (-) 159.87 billion as against $ (-) 75.87 billion in April-January 2020-21, which is a decline of (-) 110.71 percent. As compared to April-January 2019-20 ($ (-) 141.21 billion), trade balance in April-January 2021-22 exhibited a negative growth of (-) 13.21 percent.

Non-petroleum and non-gems & jewellery exports in January 2022 were $ 27.10 billion, registering a positive growth of 20.13 percent over non-petroleum and non-gems & jewellery exports of $ 22.56 billion in January 2021 and a positive growth of 36.95 percent over non-petroleum and non-gems & jewellery exports of $ 19.79 billion in January 2020.

Non-petroleum, non-gems & jewellery (gold, silver & precious metals) imports were $ 34.62 billion in January 2022 with a positive growth of 31.33 percent over non-petroleum, non-gems & jewellery imports of $ 26.36 billion in January 2021 and a positive growth of 39.22 percent over Non-petroleum, non-gems & jewellery imports of $ 24.87 billion in January 2020.

SERVICES TRADE

The estimated value of services export for January 2022* is $ 26.91 billion, exhibiting a positive growth of 54.95 percent vis-a-vis January 2021 ($ 17.37 billion) and a positive growth of 46.57 percent vis-à-vis January 2020 ($ 18.36 billion).

The estimated value of services import for January 2022* is $ 15.83 billion exhibiting a positive growth of 60.32 percent vis-à-vis January 2021 ($ 9.88 billion) and a positive growth of 45.33 percent vis-à-vis January 2020 ($ 10.90 billion).

The services trade balance in January 2022* is estimated at $ 11.07 billion, which is an increase of 47.86 percent over January 2021 ($ 7.49 billion) and an increase of 48.38 percent over January 2020 ($ 7.46 billion).

The estimated value of services export for April-January 2021-22 is $ 209.83 billion, exhibiting a positive growth of 25.31 percent vis-a-vis April-January 2020-21 ($ 167.45 billion) and a positive growth of 17.56 percent vis-à-vis April-January 2019-20 ($ 178.49 billion).

The estimated value of services imports for April-January 2021-22* is $ 121.16 billion exhibiting a positive growth of 27.69 percent vis-à-vis April-January 2020-21 ($ 94.88 billion) and a positive growth of 12.05 percent vis-à-vis April-January 2019-20 ($ 108.13 billion).

The services trade balance for April-January 2021-22* was estimated at $ 88.67 billion as against $ 72.57 billion in April-January 2020-21, which is an increase of 22.19 percent. As compared to April-January 2019-20 ($ 70.36 billion), net of services in April-January 2021-22 exhibited a positive growth of 26.03 percent.

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