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India’s overall exports in Sept estimated to be USD 61.10 bn
Exports
Image Credit and Caption: Andy Li via Unsplash

India’s overall exports in Sept estimated to be USD 61.10 bn

| @indiablooms | 15 Oct 2022, 12:39 am

New Delhi: India’s overall exports in September 2022 are estimated to be USD 61.10 Billion, registering a growth of 10.24 percent over the same period last year, data released by the Ministry of Commerce and Industry said on Friday.

Merchandise exports in September 2022 were USD 35.45 Billion, as compared to USD 33.81 Billion in September 2021, registering a growth of 4.82 percent, while merchandise imports in September 2022 stood USD 61.16 Billion, an increase of 8.66 percent over imports of USD 56.29 Billion in September 2021.

The merchandise trade deficit in September 2022 was estimated at USD 25.71 Billion as against USD 22.47 Billion in September 2021, which is an increase of 14.42 percent.

Overall imports in September 2022 are estimated to be USD 76.26 Billion, exhibiting a positive growth of 10.73 percent over the same period last year.

India’s overall exports in April-September 2022 are estimated to be USD 382.31 billion, exhibiting a growth of 21.03 percent over the same period last year, while overall imports in April-September 2022 are estimated to be USD 469.47 Billion, exhibiting a growth of 37.77 percent over the same period last year, the data said.

Merchandise exports for the period April-September 2022 were USD 231.88 Billion as against USD 198.25 Billion during the period April-September 2021, registering a positive growth of 16.96 percent while merchandise imports for the period April-September 2022 were USD 380.34 Billion as against USD 274.50 Billion during the period April-September 2021, registering a positive growth of 38.55 percent.

The merchandise trade deficit for April-September 2022 was estimated at USD 148.46 Billion as against USD 76.25 Billion in April-September 2021, which is an increase of 94.69 percent, the data said.

However, non-petroleum and non-gems and jewellery exports in September 2022 were USD 24.22 Billion, registering a negative growth of 4.58 percent over non-petroleum and non-gems and jewellery exports of USD 25.38 Billion in September 2021.

Non-petroleum, non-gems and jewellery imports were USD 37.71 Billion in September 2022 with a positive growth of 20.64 percent over non-petroleum, non-gems and jewellery imports of USD 31.26 Billion in September 2021.

Non-petroleum and non-gems and jewellery exports during April-September 2022 was USD 160.00 Billion, an increase of 6.41 percent over non-petroleum and non-gems and jewellery exports of USD 150.37 Billion in April-September 2021.

Non-petroleum, non-gems and jewellery imports were USD 223.99 Billion in April-September 2022, recording a positive growth of 35.18 per cent, as compared to non-petroleum, non-gems and jewellery imports of USD 165.70 Billion in April-September 2021.

The estimated value of services export for September 2022 was USD 25.65 Billion, exhibiting a positive growth of 18.72 percent vis-a-vis September 2021 (USD 21.61 Billion) while the estimated value of services import for September 2022 was USD 15.10 Billion exhibiting a positive growth of 20.00 percent vis-à-vis September 2021 (USD 12.58 Billion).

The services trade balance in September 2022 was estimated at USD 10.56 Billion, which is an increase of 16.94 percent over September 2021 (USD 9.03 Billion).

The estimated value of services export for April-September 2022 was USD 150.43 Billion, exhibiting a positive growth of 27.88 percent vis-a-vis April-September 2021 (USD 117.63 Billion) while the estimated value of services imports for April-September 2022 was USD 89.13 Billion exhibiting a positive growth of 34.54 percent vis-à-vis April-September 2021 (USD 66.25 Billion).

The services trade balance for April-September 2022 was estimated at USD 61.30 Billion as against USD 51.39 Billion in April-September 2021, which is an increase of 19.30 percent, the data said.

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