Mininstry of Commerce

The non-petroleum export value in August 2022 was recorded at $28.09 billion. Negative growth of 2.22 per cent was incurred as compared to it being $28.73 billion in August 2021

August 2022 recorded a decline of $33 billion in India’s merchandise exports. The same month, last year recorded it at $33.38 billion as per the data released by the government. The non-petroleum export value in August 2022 was recorded at $28.09 billion. Negative growth of 2.22 per cent was incurred as compared to it being $28.73 billion in August 2021.

The data released by the Ministry of Commerce and Industry states that the value of non-petroleum exports in April-August 2022-23 was $152.29 billion, which is an increase of 7.97 per cent over $141.05 billion in April-August 2021-22.

In the month under review, the value of non-petroleum and non-gems and jewellery exports was recorded at $24.8 billion with a negative growth of 1.96 per cent as compared to it being $25.29 billion last year, the same month. The cumulative value of non-petroleum and non-gems and jewellery exports in April-August 2022-23 was $135.49 billion, with an increase of 8.4 per cent over it being $124.99 billion in the same period last year.

Good growth has been registered in the export of Electronic goods at 50.68 per cent, Rice at 42.32 per cent, and Organic and Inorganic chemicals at 13.35 per cent. The data suggested that India’s merchandise import in August 2022 was recorded at $61.68 billion, which is an increase of 36.78 per cent as compared to $45.09 billion last year, same month. The merchandise imports in April-August 2022-23 was recorded at $317.81 billion with an increase of 45.64 per cent over $218.22 billion in April-August 2021-22.

As per the data, the value of non-petroleum imports was $44.07 billion in August 2022 with a good growth of 23.63 per cent over non-petroleum imports of $35.65 billion in last year. The cumulative value of non-petroleum imports in April-August 2022-23 was $218.44 billion, which showed an increase of 32.02 per cent as compared to non-oil imports of $165.46 billion in the same period last year.

The value of non-oil, non-GJ (gold, silver & Precious metals) imports was recorded at $37.46 billion in August 2022 with a growth of 40.37 per cent over as compared to it being $26.69 billion in August 2021. Non-oil, non-GJ (Gold, Silver & Precious Metals) imports in April-August 2022-23 was $184.98 billion, with a growth of 37.59 per cent, as compared to it being $134.44 billion in the previous fiscal.