India’s merchandise exports rose 25.28 per cent to $34.50 billion in January 2022 as compared to $27.54 billion in January 2021, on account of healthy performance by sectors such as engineering, petroleum and gems and jewellery. The trade deficit widened to $17.42 billion in January 2022 from $14.49 billion from the year-ago period.
As per the data released by the Commerce Ministry, merchandise exports was $335.88 billion for the period April-January 2021-22 as against $228.92 billion during the period April-January 2020-21, registering a positive growth of 46.73 per cent. Non-petroleum and non-gems & jewellery exports in January 2022 were $27.10 billion, registering a positive growth of 20.13 per cent over $22.56 billion in January 2021. Non-petroleum and non-gems & jewellery exports during April-January 2021-22 was $255.69 billion, an increase of 34.95 per cent over $189.47 billion in April-January 2020-21.
On the other hand, Merchandise imports in January 2022 were $51.93 billion, which is an increase of 23.54 per cent over imports of $42.03 billion in January 2021. Merchandise imports was $495.75 billion for the period April-January 2021-22 as against $304.79 billion during the period April-January 2020-21, registering a positive growth of 62.65 per cent.
Non-petroleum, non-gems & jewellery (gold, silver & precious metals) imports were $34.62 billion in January 2022 with a positive growth of 31.33 per cent over $26.36 billion in January 2021. Non-petroleum, non-gems & jewellery (gold, silver & precious metals) imports were $298.06 billion in April-January 2021-22, recording a positive growth of 44.77 per cent, as compared to $205.88 billion in April-January 2020-21.
