India’s monthly merchandise export value in September 2022 was $32.62 billion, down 3.52% from $33.81 billion in September 2021. India’s merchandise exports in April-September 2022-23 stood at $229.05 billion USD with an increase of USD 1554%. 198.25 billion in April to September 2021-22. The value of non-oil exports in September 2022 was USD 26.54 billion, a negative growth of only 7.25% over the non-oil exports of USD 28.62 billion in September 2021. The value of non-oil exports in April-September 2022-23 was USD 179.17 billion, up 5.6% from USD 169.67 billion in April-September 2021-22.
The value of exports of non-petroleum products and non-gems and jewelery was USD 22.9 billion in September 2022, representing a negative growth of 9.78% from the exports of non-petroleum products, non-gems and jewelery of USD 25.38 billion in September 2021. Cumulative value of exports of non-petroleum products and non-gems and jewelery in April-September 2022-23 stood at US$ 158.68 billion, a growth of 5.53% over the cumulative value of non-oil and non-gems and jewelery exports of US$ 150.37 billion in April-September 1, 202 – 22.
India’s merchandise imports stood at USD 59.35 billion in September 2022, up 5.44% from USD 56.29 billion in September 2021. India’s merchandise imports in April-September 2022-23 stood at USD 378.53 billion with up by USD 34 billion in April for 27.89% -September 2021-22. The value of non-oil imports was USD 43.75 billion in September 2022 with a positive growth of 10.73% over non-oil imports of USD 39.51 billion in September 2021. The cumulative value of non-oil imports in April-September 2022-23 was USD 263.54 billion, representing an increase of 28.58% compared to imports of non-oil goods of USD 204.97 billion in April-September 2021-22.
The value of non-oil, non-GJ (gold, silver and precious metals) imports was $36.5 billion in September 2022, with a positive growth of 16.78% over non-oil and non-GJ imports of $31.26 billion in September 2021 .-petroleum imports other than GJ (gold, silver and precious metals) in April-September 2022-23 stood at USD 222.78 billion, a positive growth of 34.45% compared to imports of non-oil and non- GJ of USD 165.7 billion in April-September 2021-22. The trade deficit stood at US$ 26.72 billion in September 2022, while it was US$ 149.47 billion during April-September 2022-23. The trade deficit in September 2022 was an improvement over the trade deficit of $28.68 billion in August 2022.
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