PRESS RELEASE INDIA’S MERCHANDISE TRADE: Preliminary Knowledge March 2022


PRESS RELEASE INDIA’S MERCHANDISE TRADE: Preliminary Knowledge March 2022

India has achieved highest month-to-month worth of merchandise export in March 2022 amounting USD 40.38 billion, a rise of 14.53% over USD 35.26 billion in March 2021 and a rise of 87.89% over USD 21.49 billion in March 2020.

       

 

India’s merchandise import in April 2021-March 2022 was USD 610.22 billion, a rise of 54.71%

over USD 394.44 billion in April 2020-March 2021 and a rise of 28.55% over USD 474.71 billion in April 2019-March 2020. The commerce deficit in March 2022 was USD 18.69 billion, whereas it was 192.41billion USD throughout April 2021-March 2022.

 

Assertion 1India’s Complete Commerce in Merchandise items in March2022 

Worth in Billion USD 

Assertion 2: India’s Complete Commerce in Merchandise items in Apr 2021Mar2022

 

India’s merchandise import in April 2021-March 2022 was USD 610.22 billion, a rise of 54.71% over USD 394.44 billion in April 2020-March 2021 and a rise of 28.55% over USD 474.71 billion in April 2019-March 2020.

The commerce deficit in March 2022 was USD 18.69 billion, whereas it was 192.41billion USD throughout April 2021-March 2022.

Assertion 1India’s Complete Commerce in Merchandise items in March2022 

Worth in Billion USD 

Assertion 1: India’s Complete Commerce in Merchandise items in March2022

Worth in Billion USD

% Progress

Mar-22

Mar-21

Mar-20

Mar-22 over Mar-21

Mar-22 over Mar-20

Exports

40.38

35.26

21.49

14.53

87.89

Imports

59.07

48.90

31.47

20.79

87.68

Deficit

18.69

13.64

9.98

36.97

87.23

       

Worth of non-petroleum exports in March 2022 was 33.00 USD billion, registering a optimistic progress of 4.28% over non-petroleum exports of USD 31.65 billion in March 2021 and a optimistic progress of 73.94% over non-petroleum exports of USD 18.97 billion in March 2020.

Worth of non-petroleum imports was USD 40.66 billion in March 2022 with a optimistic progress of 5.26% over non-petroleum imports of USD 38.63 billion in March 2021 and a optimistic progress of 89.79% over non-petroleum imports of USD 21.42 billion in March 2020.

 

Assertion 3: Merchandise Non-POL Commerce in March 2022

Worth in Billion USD

% Progress

Mar-22

Mar-21

Mar-20

Mar-22 over Mar-21

Mar-22 over Mar-20

Exports

33.00

31.65

18.97

4.28

73.94

Imports

40.66

38.63

21.42

5.26

89.79

 

The cumulative worth of non-petroleum exports in April 2021-March 2022 was USD 352.76 billion, a rise of 32.62% over USD 266.00 billion in April 2020-March 2021 and a rise of 29.66% over USD 272.07 billion in April 2019-March 2020.

The cumulative worth of non-petroleum imports in April 2021-March 2022 was USD 449.54 billion, exhibiting a rise of 44.2% in comparison with non-oil imports of USD 311.75 billion in April 2020-March 2021 and a rise of 30.62% in comparison with non-oil imports of USD 344.16 billion in April 2019-March 2020

 

 

Assertion 4: Merchandise Non-POL Commerce Apr 2021-Mar 2022

Worth in Billion USD

% Progress

Apr21-Mar22

Apr20-Mar21

Apr19-Mar20

Apr21-Mar22 over Apr20-Mar21

Apr21-Mar22 over Apr19-Mar20

Exports

352.76

266.00

272.07

32.62

29.66

Imports

449.54

311.75

344.16

44.20

30.62

 

 

Worth of non-petroleum and non-gems and jewelry exports in March 2022 was USD 29.38 billion, registering a optimistic progress of 4.79% over non-petroleum and non-gems and jewelry exports of USD 28.03 billion in March 2021 and a optimistic progress of 73.28% over non-petroleum and non-gems and jewelry exports of USD 16.95 billion in March 2020.

Worth of non-oil, non-GJ (gold, silver & Valuable metals) imports was USD 36.18 billion in March 2022 with a optimistic progress of 31.21% over non-oil and non-GJ imports of USD 27.58 billion in March 2021 and a optimistic progress of 93.52% over non-oil and non-GJ imports of USD 18.70 billion in March 2020.

 

Assertion 5: Merchandise Non-POL Non-GJ Commerce in March 2022

Worth in Billion USD

% Progress

Mar-22

Mar-21

Mar-20

Mar-22 over Mar-21

Mar-22 over Mar-20

Exports

29.38

28.03

16.95

4.79

73.28

Imports

36.18

27.58

18.70

31.21

93.52

The cumulative worth of non-petroleum and non-gems and jewelry exports in April 2021-March 2022 was USD 313.82 billion, a rise of 30.77% over cumulative worth of non-petroleum and non-gems and jewelry exports of USD 239.98 billion in April 2020-March 2021 and a rise of 32.88% over cumulative worth of non-petroleum and non-gems and jewelry exports of USD 236.17 billion in April 2019-March 2020.

Non-oil, non-GJ (Gold, Silver & Valuable Metals) imports was USD 369.19 billion in April 2021-March 2022, recording a optimistic progress of 43.39%, as in comparison with non-oil and non-GJ imports of USD 257.47 billion in April 2020-March 2021 and a optimistic progress of 26.98% over USD 290.74 billion in April 2019-March 2020.

 

Assertion 6: Merchandise Non-POL Non-GJ Commerce Apr 2021-Mar 2022

Worth in Billion USD

% Progress

Apr21-Mar22

Apr20-Mar21

Apr19-Mar20

Apr21-Mar22 over Apr20-Mar21

Apr21-Mar22 over Apr19-Mar20

Exports

313.82

239.98

236.17

30.77

32.88

Imports

369.19

257.47

290.74

43.39

26.98

Prime 10 main commodity teams overlaying 81% of complete exports in March 2022,are –

 

 

Assertion 7: Exports of Prime 10 Main Commodity Teams in March 2022

Worth of Export (Million US$)

Share (%)

Progress (%)

Main Commodity Group

Mar-22

Mar-21

Mar-22

Mar-22 over Mar-21

Engineering items

10470.80

9298.36

25.93

12.61

Petroleum merchandise

7377.07

3609.36

18.27

104.39

Gems and Jewelry

3624.34

3613.01

8.98

0.31

Natural and Inorganic chemical compounds

2649.59

2288.87

6.56

15.76

Medicine and Prescription drugs

2261.65

2295.05

5.60

-1.46

Digital items

1740.56

1400.67

4.31

24.27

RMG of all Textiles

1661.50

1425.95

4.11

16.52

Cotton Yarn/Fabs./Madeups, Handloom merchandise and so on.

1290.26

1105.05

3.20

16.76

Rice

985.48

1116.54

2.44

-11.74

Plastic and Linoleum

811.53

719.54

2.01

12.78

Complete of 10 Main Commodity Teams

32872.78

26872.40

81.41

22.33

Relaxation

7506.82

8384.20

18.59

-10.46

Complete Exports

40379.59

35256.60

100.00

14.53

 

 

Prime 10 main commodity teams overlaying 81% of complete importsin March 2022, are –

 

 

Assertion 8: Imports of Prime 10 Main Commodity Teams in March 2022

Import (Million US$)

Share (%)

Progress (%)

Main Commodity Group

Mar-22

Mar-21

Mar-22

Mar-22 over Mar-21

Petroleum, Crude & merchandise

18406.97

10271.38

31.16

79.21

Digital items

8293.79

5864.15

14.04

41.43

Coal, Coke & Briquettes, and so on.

4390.95

1735.74

7.43

152.97

Equipment, electrical & non-electrical

3457.83

3513.68

5.85

-1.59

Pearls, treasured & Semi-precious stones

3337.02

2547.27

5.65

31.00

Natural & Inorganic Chemical compounds

2720.91

2102.57

4.61

29.41

Transport tools

1993.64

2210.75

3.38

-9.82

Synthetic resins, plastic supplies, and so on.

1861.93

1719.92

3.15

8.26

Vegetable Oil

1674.59

1076.81

2.84

55.51

Fertilisers, Crude & manufactured

1615.96

204.16

2.74

691.50

Complete of 10 Main Commodity Teams

47753.59

31246.42

80.85

52.83

Relaxation

11312.37

17652.44

19.15

-35.92

Complete Imports

59065.96

48898.86

100.00

20.79

 

 

Prime 10 main commodity teams overlaying 80% of complete exports in April 2021-March 2022, are –

Assertion 9: Exports of Prime 10 Main Commodity Teams in April 2021-March 2022

Worth of Export (Million US$)

Share (%)

Progress (%)

Main Commodity Group

Apr21-Mar22

Apr20-Mar21

Apr21-Mar22

Apr21-Mar22 over Apr20-Mar21

Engineering items

111632.94

76719.60

26.72

45.51

Petroleum merchandise

65044.80

25804.37

15.57

152.07

Gems and Jewelry

38942.88

26022.82

9.32

49.65

Natural and Inorganic chemical compounds

29152.67

22088.48

6.98

31.98

Medicine and Prescription drugs

24475.36

24444.03

5.86

0.13

RMG of all Textiles

15936.70

12272.21

3.81

29.86

Digital items

15588.06

11093.29

3.73

40.52

Cotton Yarn/Fabs./Madeups, Handloom merchandise and so on.

15244.20

9827.89

3.65

55.11

Plastic and Linoleum

9783.35

7462.85

2.34

31.09

Rice

9625.50

8829.21

2.30

9.02

Complete of 10 Main Commodity Teams

335426.46

224564.75

80.28

49.37

Relaxation

82382.75

67243.73

19.72

22.51

Complete Exports

417809.21

291808.48

100.00

43.18

 

Prime 10 main commodity teams overlaying 77% of complete importsin April 2021-March 2022, are –

 

Assertion 10: Imports of Prime 10 Main Commodity Teams in April 2021-March 2022

Import (Million US$)

Share (%)

Progress (%)

Main Commodity Group

Apr21-Mar22

Apr20-Mar21

Apr21-Mar22

Apr21-Mar22 over Apr20-Mar21

Petroleum, Crude & merchandise

160683.24

82683.87

26.33

94.33

Digital items

73067.90

54287.93

11.97

34.59

Gold

46140.66

34603.92

7.56

33.34

Equipment, electrical & non-electrical

39853.08

30084.48

6.53

32.47

Coal, Coke & Briquettes, and so on.

31514.97

16274.53

5.16

93.65

Pearls, treasured & Semi-precious stones

30927.82

18887.96

5.07

63.74

Natural & Inorganic Chemical compounds

30222.86

19825.35

4.95

52.45

Transport tools

20206.07

18649.18

3.31

8.35

Synthetic resins, plastic supplies, and so on.

20104.96

13510.01

3.29

48.82

Vegetable Oil

18931.51

11089.11

3.10

70.72

Complete of 10 Main Commodity Teams

471653.07

299896.33

77.29

57.27

Relaxation

138568.35

94539.54

22.71

46.57

Complete Imports

610221.42

394435.87

100.00

54.71

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