The commerce ministry in its latest data has showed that India’s merchandise exports recorded a flat growth of 0.59 per cent to $31.99 billion in November 2022 as compared to $31.80 billion in November 2021. Merchandise imports rose by 5.37 per cent to $55.88 billion in November 2022 as compared to $53.03 billion in the corresponding month a year ago. Besides, trade deficit widened to $23.89 billion in November 2022.
As per the data, merchandise exports for the period April-November 2022 were $295.26 billion as against $265.77 billion during the period April-November 2021. Merchandise imports for the period April-November 2022 were $493.61 billion as against $381.17 billion during the period April-November 2021. The merchandise trade deficit for April-November 2022 was estimated at $198.35 billion as against $115.39 billion in April-November 2021
The data further showed that Non-petroleum and non-gems & jewellery exports in November 2022 were $24.09 billion, compared to $23.91 billion in November 2021. Non-petroleum and non-gems & jewellery exports during April-November 2022 were $206.16 billion, as compared to $200.43 billion in April-November 2021. Non-petroleum, non-gems & jewellery (gold, silver & precious metals) imports were $34.45 billion in November 2022, compared to $32.33 billion in November 2021. Non-petroleum, non-gems & jewellery (gold, silver & precious metals) imports were $293.83 billion in April-November 2022 as compared to $230.91 billion in April-November 2021.
