New Delhi: India has achieved a monthly value of merchandise export in May 2022 amounting to USD 37.29 billion, an increase of 15.46 percent over USD 32.30 billion in May 2021. India’s merchandise export in April -May 2022-23 was USD 77.08 billion with an increase of 22.26 percent over USD 63.05 billion in April -May 2021-22.
The value of non-petroleum exports in May 2022 was 29.18 USD billion, registering a positive growth of 8.13 percent over non-petroleum exports of USD 26.99 billion in May 2021. The cumulative value of non-petroleum exports in April -May 2022-23 was USD 61.09 billion, an increase of 12.9 percent over USD 54.11 billion in April -May 2021-22.
The value of non-petroleum and non-gems and jewelry exports in May 2022 was USD 26.08 billion, registering a positive growth of 8.57 percent over non-petroleum and non-gems and jewelry exports of USD 24.02 billion in May 2021. The cumulative value of non-petroleum and non-gems and jewelry exports in April -May 2022-23 was USD 54.52 billion, an increase of 14.15 percent over the cumulative value of non-petroleum and non-gems and jewelry exports of USD 47.76 billion in April -May 2021-22.
Petroleum products (52.71 percent), Electronic goods (41.46 percent), and RMG of all Textiles (22.94 percent) led the way in a high increase in exports during May 2022.
India’s merchandise import in May 2022 was USD 60.62 billion, an increase of 56.14 percent over USD 38.83 billion in May 2021. India’s merchandise imports in April -May 2022-23 was USD 120.81 billion with an increase of 42.35 percent over USD 84.87 billion in April -May 2021-22.
The value of non-petroleum imports was USD 42.48 billion in May 2022 with a positive growth of 44.7 percent over non-petroleum imports of USD 29.36 billion in May 2021. The cumulative value of non-petroleum imports in April -May 2022-23 was USD 82.55 billion, showing an increase of 27.72 percent compared to non-oil imports of USD 64.63 billion in April -May 2021-22.
The value of non-oil, non-GJ (gold, silver & Precious metals) imports was USD 33.61 billion in May 2022 with a positive growth of 27.2 percent over non-oil and non-GJ imports of USD 26.42 billion in May 2021. Non-oil, non-GJ (Gold, Silver & Precious Metals) imports in April -May 2022-23 were USD 69.25 billion, recording a positive growth of 30.71 percent, as compared to non-oil and non-GJ imports of USD 52.97 billion in April -May 2021-22.
The trade deficit in May 2022 was USD 23.33 billion, while it was 43.73 billion USD from April-May 2022-23.
(Vinayak)