India’s merchandise exports during the first Quarter of 2022-23 jump 22.2% to USD 116.7 billion, recording the highest ever exports during the first Quarter.
Non-Petroleum exports rise by 11.9% to USD 92.5 billion in the first Quarter. Petroleum products, Electronic goods and Readymade Garments recorded major increase in exports for the first Quarter of 2022-23.
Value of non-petroleum exports in June 2022 was 30.12 USD billion, registering a positive growth of 5.53% over non-petroleum exports of USD 28.54 billion in June 2021. Value of non-petroleum and non-gems and jewellery exports in June 2022 was USD 26.75 billion, registering a positive growth of 4.0% over non-petroleum and non-gems and jewellery exports of USD 25.72 billion in June 2021.
Petroleum products (98.01%), Electronic goods (50.66%) and RMG of all Textiles (44.67%) led the way in high increase in exports during June 2022.
The trade deficit in June 2022 was USD 25.63 billion, while it was 70.25 billion USD during April -June 2022-23.
