India achieved merchandise exports of USD 35.24 billion in July 2022, almost at similar levels of USD 35.51 billion in July 2021. This was achieved despite measures to control inflation (iron ore and pellets, iron and steel, petroleum products, etc. ) and continued disruption to supply chains due to Covid and the Russia-Ukraine conflict.
The value of non-oil exports in July 2022 was USD 29.82 billion, representing a positive growth of only 0.48% over non-oil exports of USD 29.67 billion in July 2021. Cumulative value of non-oil exports in April-July 2022-23 stood at USD 123.90 billion, up 10.3% from USD 112.32 billion in April-July 2021-22.
The value of exports of non-petroleum products and non-gems and jewelery was USD 26.54 billion in July 2022, representing a positive growth of 1.24% over the exports of non-petroleum products, non-gems and jewelery of USD 26.21 billion in July 2021. Cumulative value of exports of non-petroleum products products and non-gems and jewelery in April-July 2022-23 was USD 110.39 billion, an increase of 10.73% over the cumulative export value of non-petroleum products, non-gems and jewelery of USD 99.69 billion in April-July 2021 22 .
India’s merchandise imports in July 2022 stood at USD 66.26 billion, up 43.59% from USD 46.15 billion in July 2021. India’s merchandise imports in April-July 2022-23 stood at USD 256.43 billion with by an increase of 48.12% in April by 48.12% in April-July 2021-22.
The value of non-oil imports was USD 45.13 billion in July 2022 with a positive growth of 33.74% over non-oil imports of USD 33.74 billion in July 2021. The cumulative value of non-oil imports in April-July 2022-23 was USD 174.39 billion, up 34.35% compared to non-oil goods imports of USD 129.81 billion in April-July 2021-22.
The value of non-oil, non-GJ (gold, silver and precious metals) imports was USD 38.44 billion in July 2022, with a positive growth of 42.88% over non-oil and non-GJ imports of USD 26.9 billion in July 2021. – crude oil, non-GJ (gold, silver and precious metals) imports in April-July 2022-23 stood at USD 147.55 billion, showing a positive growth of 36.93% as compared to non-oil and non-GJ imports in amounting to USD 107.75 billion in April – July 2021 – 22.The trade deficit stood at US$ 31.02 billion in July 2022, while it was US$ 100.01 billion during April-July 2022-23.
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