According to data provided by the Government, India’s merchandise export decreased by 3.52% over USD 33.81 billion in September 2021. However, at USD 229.05 billion, India’s merchandise export in April -September 2022-23 registered an increase of 15.54% over USD 198.25 billion in April-September 2021-22.
As per the Government, the value of non-petroleum exports in September 2022 was 26.54 USD billion, registering a negative growth of 7.25% over non-petroleum exports of USD 28.62 billion in September 2021. Meanwhile, the value of non-petroleum exports in April-September 2022-23 was USD 179.17 billion, an increase of 5.6% over USD 169.67 billion in April-September 2021-22.
The value of non-petroleum and non-gems and jewellery exports in September 2022 was USD 22.9 billion, registering a negative growth of 9.78% over non-petroleum and non-gems and jewellery exports of USD 25.38 billion in September 2021. The cumulative value of non-petroleum and non-gems and jewellery exports in April-September 2022-23 was USD 158.68 billion, an increase of 5.53% over cumulative value of non-petroleum and non-gems and jewellery exports of USD 150.37 billion in April -September 2021-22.
India’s merchandise import in September 2022 was USD 59.35 billion, an increase of 5.44% over USD 56.29 billion in September 2021. India’s merchandise imports in April -September 2022-23 was USD 378.53 billion with an increase of 37.89% over USD 274.5 billion in April -September 2021-22.
The trade deficit in September 2022 was USD 26.72 billion, while it was 149.47 billion USD during April-September 2022-23. The trade deficit in September 2022 was an improvement over the trade deficit of USD 28.68 Billion in August 2022.
