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Merchandise & services exports in India reports growth by 36.76%

BNE ADMIN


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New Delhi: India’s overall exports - merchandise and services combined - in January 2022 are estimated to be $61.41 billion, exhibiting a positive growth of 36.76 percent over the same period last year and a positive growth of 38.90 percent over January 2020, an official release said on Tuesday (15 February).

The merchandise exports in January 2022 were $34.50 billion, as compared to $27.54 billion in January 2021, showing a growth of 25.28 percent. As compared to January 2020, exports in January 2022 increased by 33.45 percent.

Exports of engineering, petroleum, and gems, and jewelry in January 2022 increased by 24.11 percent, 95.23 percent, and 13.64 percent to $9.2 billion, $4.17 billion, and $3.23 billion, respectively.

Pharmaceuticals exports, however, dipped by 1.15 percent to USD 2.05 billion in January.

Meanwhile, the estimated value of services export for January 2022 is $26.91 billion, exhibiting a positive growth of 54.95 percent vis-a-vis January 2021 (USD 17.37 billion) and positive growth of 46.57 percent vis-à-vis January 2020 ($18.36 billion).

Further, India’s overall exports in April-January 2021-22 are estimated to be $545.71 billion, exhibiting a growth of 37.68 percent over the same period last year and an increase of 23.29 percent over April-January 2019-20, the Commerce Ministry said in a release.

The merchandise exports for the period April-January 2021-22 was $335.88 billion, up 46.73 per cent against $228.92 billion during the period April-January 2020-21.

As compared to April-January 2019-20, merchandise exports in April-January 2021-22 exhibited a positive growth of 27.17 per cent, the ministry said.

Similarly, the estimated value of services export for April-January 2021-22 is $209.83 billion, up 25.31 percent vis-a-vis April-January 2020-21 ($167.45 billion) and positive growth of 17.56 per cent vis-à-vis April-January 2019-20 ($178.49 billion), it added.

Meanwhile, overall imports in January 2022 are estimated to be $67.76 billion, exhibiting a slower rate of growth of 30.54 per cent over the same period last year and a positive growth of 30.19 per cent over January 2020, according to the ministry.

The merchandise imports in January 2022 were $51.93 billion, up by 23.54 per cent over imports of $42.03 Billion in January 2021.

The estimated value of services import for January 2022 is $15.83 billion, which is up by 60.32 per cent vis-à-vis January 2021 ($9.88 billion).

The merchandise imports for the period April-January 2021-22 was $495.75 billion as against $304.79 billion during the period April-January 2020-21, registering a positive growth of 62.65 per cent.

Further, the overall imports in April-January 2021-22 are estimated to be $616.91 billion, showing a growth of 54.35 per cent over the same period last year and an increase of 20.15 per cent over April-January 2019-20, the ministry said.

BNE ADMIN