India’s Exports Increase By 36.76% YoY In January
The ministry said that overall imports in January 2022 are estimated to be USD 67.76 Billion, exhibiting a slower rate of growth of 30.54 percent over the same period last year and a positive growth of 30.19 percent over January 2020.
India’s overall exports (Merchandise and Services combined) in January are estimated to be USD 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, said the Ministry of Commerce and Industry on Tuesday.
The ministry said that overall imports in January 2022 are estimated to be USD 67.76 Billion, exhibiting a slower rate of growth of 30.54 percent over the same period last year and a positive growth of 30.19 percent over January 2020.
“India’s overall exports (Merchandise and Services combined) in April-January 2021-22 are estimated to be USD 545.71 Billion, exhibiting a positive growth of 37.68 percent over the same period last year and a positive growth of 23.29 percent over April-January 2019-20,” said the ministry in a statement.
It added that overall imports in April-January 2021-22 are estimated to be USD 616.91 Billion, exhibiting a positive growth of 54.35 percent over the same period last year and a positive growth of 20.15 percent over April-January 2019-20.
Meanwhile, merchandise exports in January 2022 were USD 34.50 Billion, as compared to USD 27.54 Billion in January 2021, exhibiting a positive growth of 25.28 percent. As compared to January 2020, exports in January 2022 exhibited a positive growth of 33.45 percent.
Merchandise imports in January 2022 were USD 51.93 Billion, which is an increase of 23.54 percent over imports of USD 42.03 Billion in January 2021. Imports in January 2022 have registered a positive growth of 26.19 percent in comparison to January 2020.
The estimated value of services export for January 2022 is USD 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 (USD 18.36 Billion), according to the ministry.
The estimated value of services import for January 2022 is USD 15.83 Billion exhibiting a positive growth of 60.32 per cent vis-à-vis January 2021 (USD 9.88 Billion) and a positive growth of 45.33 per cent vis-à-vis January 2020 (USD 10.90 Billion).
