Petroleum products, electronic goods and chemicals recorded a major increase in exports

India's merchandise exports in April, the first month of FY 2022-23, amounted to USD 38.19 billion. This is an increase of 24.22% over USD 30.75 billion in April 2021, according to preliminary data released by the Ministry of Commerce & Industry.

The data released on Tuesday shows that the value of non-petroleum exports in April 2022 was USD 30.46 billion, registering a positive growth of 12.32% over non-petroleum exports of USD 27.12 billion in April 2021.

The value of non-petroleum and non-gems and jewellery exports in April 2022 was USD 27.16 billion, registering a positive growth of 14.38% over non-petroleum and non-gems and jewellery exports of USD 23.74 billion in April 2021.

Petroleum products (113.21%), Electronic goods (64.04%) and Chemicals (26.71%) led the way in high increase in exports during April 2022, the Ministry of Commerce & Industry said.

India’s merchandise import in April 2022 was USD 58.26 billion, an increase of 26.55% over USD 46.04 billion in April 2021. Value of non-petroleum imports was USD 38.75 billion in April 2022 with a positive growth of 9.87% over non-petroleum imports of USD 35.27 billion in April 2021.

The value of non-oil, non-GJ (gold, silver & Precious metals) imports was USD 34.43 billion in April 2022 with a positive growth of 29.68% over non-oil and non-GJ imports of USD 26.55 billion in April 2021.

The trade deficit in April 2022 was USD 20.07 billion, the ministry pointed out.