India’s overall export (Merchandise and Services combined) stood at USD 58.22 billion in November 2022, registering a positive growth of 10.97 per cent over the same period last year. As per an official release, overall import in November 2022 is estimated to be USD 69.33 Billion, exhibiting a positive growth of 5.60 per cent over the same period last year.
Further, India’s overall exports in April-November 2022 is estimated to register a positive growth of 17.72 per cent over the same period last year. As India’s domestic demand has remained steady amidst the global slump, overall imports in April-November 2022 is estimated to grow at 29.47 per cent.
India’s overall exports (Merchandise and Services combined) in April-November 2022 are estimated to be USD 499.67 Billion. Overall imports in April-November 2022 are estimated to be USD 610.70 Billion.
India’s merchandise exports exhibited a positive (y-o-y) growth in 15 out of 30 sectors in November as compared to the same period last year and imports have increased in 19 out of 30 sectors (y-o-y). Among the QE commodity groups, electronic goods (54.48%), gems and jewellery (4.61%), RMG of textiles (11.70%), drugs and pharmaceuticals (8.66%), rice (19.16%), leather & leather products (8.68%), ceramic products & glassware (22.64%), fruits and vegetables (25.01%), cereal preparations & miscellaneous processed (22.75%), other cereals (53.78%), oil seeds (38.83%), oil meals (17.55%), tobacco (101.02%), tea (27.03%) and coffee (3.21%) registered positive growth (y-o-y) in November 2022.