Parul
India’s merchandise exports rose by 16.8 per cent to US$ 37.9 billion in June 2022, while imports soared by 51.02 per cent to US$ 63.58 leading to a trade deficit of US$ 25.63 billion during the month, as per the government data.
In the first quarter of the current financial year, India’s merchandise export rose to US$ 116.77 billion, recording an increase of 22.22 per cent over US$ 95.54 billion recorded in April -June 2021-22.
Also Read: India’s merchandise exports rose over 5% YoY in Jan
India’s merchandise imports in April-June 2022-23 period stood at $187.02 billion, an increase of 47.31 per cent over $126.96 billion in April-June 2021-22, according to data released by the Ministry of Commerce & Industry. The trade deficit in June 2022 was US$ 25.63 billion, while it stood at US$ 70.25 billion during April-June 2022-23 period.
The value of non-petroleum exports in June 2022 was US$ 30.12 billion, registering a positive growth of 5.53 per cent over non-petroleum exports of US$ 28.54 billion in June 2021. The cumulative value of non-petroleum exports in April-June 2022-23 was US$ 92.49 billion, an increase of 11.92 per cent over $82.65 billion in April -June 2021-22.
The value of non-petroleum and non-gems and jewellery exports in June 2022 was US$ 26.75 billion, registering a positive growth of 4 per cent over non-petroleum and non-gems and jewellery exports of US$ 25.72 billion in June 2021. The cumulative value of non-petroleum and non-gems and jewellery exports in April-June 2022-23 was US$ 82.43 billion, an increase of 12.19 per cent over the cumulative value of non-petroleum and non-gems and jewellery exports of US$ 73.47 billion in April-June 2021-22.
