India’s total exports (goods and services combined) in June 2022* are estimated at USD 64.91 billion, representing a positive growth of 22.95 percent over the same period last year. Total exports (goods and services combined) in Q1 FY22-23 (April-June 2022)* are estimated at USD 189.93 billion, representing a positive growth of 25.16 percent over the same period last year.
Total imports in June 2022* are estimated at USD 82.42 billion, representing a positive growth of 55.72 percent over the same period last year. In the 1st quarter of FY22-23, total exports are estimated at USD 235.11 billion, representing a positive growth of 49.41 percent over the same period last year.
GOODS TRADE
• Merchandise exports in June 2022 were USD 40.13 billion compared to USD 32.49 billion in June 2021, representing a positive growth of 23.52 percent.
• Merchandise imports in June 2022 were $66.31 billion, up 57.55 percent from imports of $42.09 billion in June 2021.
• The merchandise trade deficit in June 2022 was estimated at $26.18 billion as against $9.60 billion in June 2021, an increase of 172.72 percent.
• Merchandise exports during April-June 2022 stood at USD 118.96 billion as against USD 95.54 billion in April-June 2021, representing a positive growth of 24.51 percent.
• Merchandise imports during April-June 2022 were USD 189.76 billion as against USD 126.96 billion during April-June 2021, representing a positive growth of 49.47 percent.
• The goods trade deficit for April-June 2022 was estimated at USD 70.80 billion as against USD 31.42 billion in April-June 2021, an increase of 125.34 percent.
• Exports of non-petroleum products and non-gems and jewelery in June 2022 were USD 27.94 billion, representing a positive growth of 8.65 percent over exports of non-petroleum products, non-gems and jewelery of USD 25.71 billion in June 2021.
• Imports of non-oil, gems and jewelery (gold, silver and precious metals) were USD 38.53 billion in June 2022 with a positive growth of 38.30 percent over imports of non-petroleum, gems and jewelery of USD 27.86 billion in June 2021 .
TRADE OF SERVICES
• The estimated value of services exports for June 2022* is $24.77 billion, representing positive growth of 22.04 percent over June 2021 ($20.30 billion).
• The estimated value of services imports for June 2022* is $16.11 billion, representing positive growth of 48.62 percent over June 2021 ($10.84 billion).
• The balance of trade in services in June 2022* is estimated at $8.67 billion, down 8.41 percent from June 2021 ($9.46 billion).
• The estimated value of services exports for April-June 2022* is $70.97 billion, representing a positive growth of 26.25 percent over April-June 2021 ($56.22 billion).
• The estimated value of services imports for April-June 2022* is $45.35 billion, representing a positive growth of 49.15 percent over April-June 2021 ($30.41 billion).
• The balance of trade in services for April-June 2022* is estimated at $25.62 billion, down from $25.81 billion in April-June 2021, a decrease of 0.74 percent.
