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Merchandise Exports scales up a new record growth of 30%

BNE ADMIN


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Guwahati: Exports continued robust growth in April 2022, with merchandise exports scaling a new high by crossing USD 40 billion, which is a 30% increase.

Petroleum products (127.69%), electronic goods (71.69%), cereals (60.83%), coffee (59.38%), processed food (38.82%), and leather products (36.68%) exports led the way in achieving the record performance, according to figures released by Union Commerce and Industry ministry.

Services performed extremely well to reach USD 27.60 bn, which is an increase of 53% over April 2021.

India’s overall exports (merchandise and services combined) in April 2022 are estimated to be USD 67.79 billion, exhibiting a positive growth of 38.90 percent over the same period last year. Overall imports in April 2022 are estimated to be USD 75.87 billion, exhibiting a positive growth of 36.31 percent over the same period last year.

Merchandise imports in April 2022 were USD 60.30 billion, which is an increase of 30.97 percent over imports of USD 46.04 billion in April 2021. The merchandise trade deficit in April 2022 was estimated at $20.11 billion, compared to $15.29 billion in April 2021, which is an increase of 31.50 percent.

Non-petroleum and non-gems and jewellery exports in April 2022 were USD 28.46 Billion, registering a positive growth of 19.89 per cent over non-petroleum and non-gems & jewellery exports of USD 23.74 Billion in April 2021.

Non-petroleum, non-gems & jewellery (gold, silver & precious metals) imports were USD 35.68 Billion in April 2022 with a positive growth of 34.37 per cent over Non-petroleum, non-gems & jewellery imports of USD 26.55 Billion in April 2021.

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BNE ADMIN