Feb 2022 Exports Steady at $34bn,
little change over Jan 2022
·
Imports
Hit 55bn Compared to $52bn in Jan 2022, Electronics Share 11.4% in Total
Imports
·
India’s
Merchandise Export in April 2021-February 2022 Rises to USD 374.05bn
·
Fertiliser Bill
Rises, will Worsen in Future as Supplies from East Europe day up
INDIA’S MERCHANDISE TRADE: Preliminary Data for
February 2022
India’s merchandise import in February 2022 was USD 55.01
billion, an increase of 34.99% over USD 40.75 billion in February 2021 and an
increase of 45.12% over USD 37.90 billion in February 2020.
India’s merchandise export in February 2022 was USD 33.81
billion, an increase of 22.36% over USD 27.63 billion in February 2021 and an
increase of 21.88% over USD 27.74 billion in February 2020.
India’s merchandise export in April 2021-February 2022 was
USD 374.05 billion, an increase of 45.80% over USD 256.55 billion in April
2020-February 2021 and an increase of 28.16% over USD 291.87 billion in April
2019-February 2020.
India’s merchandise import in April 2021-February 2022 was
USD 550.12 billion, an increase of 59.21% over USD 345.54 billion in April
2020-February 2021 and an increase of 24.11% over USD 443.24 billion in April
2019-February 2020.
 |
 |
The trade deficit in February 2022 was USD 21.19 billion,
while it was 176.07 billion USD during April 2021-February 2022.
Statement
1: India’s Trade in Merchandise goods in February 2022
|
|
Value in Billion USD |
% Growth |
|||
|
|
Feb-22 |
Feb-21 |
Feb-20 |
Feb-22 over
Feb-21 |
Feb-22 over
Feb-20 |
|
Exports |
33.81 |
27.63 |
27.74 |
22.36 |
21.88 |
|
Imports |
55.01 |
40.75 |
37.90 |
34.99 |
45.12 |
|
Deficit |
21.19 |
13.12 |
10.16 |
61.59 |
108.56 |
Statement
2: India’s Trade in Merchandise goods in Apr 2021-Feb 2022
|
|
Value in Billion USD |
% Growth |
|||
|
|
Apr21-Feb22 |
Apr20-Feb21 |
Apr19-Feb20 |
Apr21-Feb 22
over Apr20-Feb 21 |
Apr21-Feb 22
over Apr19-Feb 20 |
|
Exports |
374.05 |
256.55 |
291.87 |
45.80 |
28.16 |
|
Imports |
550.12 |
345.54 |
443.24 |
59.21 |
24.11 |
|
Deficit |
176.07 |
88.99 |
151.37 |
97.86 |
16.32 |
Value of non-petroleum exports in February 2022 was 29.70
USD billion, registering a positive growth of 18.04% over non-petroleum exports
of USD 25.16 billion in February 2021 and a positive growth of 22.23% over
non-petroleum exports of USD 24.30 billion in February 2020.
Value of non-petroleum imports was USD 39.96 billion in
February 2022 with a positive growth of 26.0% over non-petroleum imports of USD
31.72 billion in February 2021 and a positive growth of 47.33% over
non-petroleum imports of USD 27.12 billion in February 2020.
Statement
3: Merchandise Non-POL Trade in February 2022
|
|
Value in
Billion USD |
% Growth |
|||
|
|
Feb-22 |
Feb-21 |
Feb-20 |
Feb-22 over Feb-21 |
Feb-22 over Feb-20 |
|
Exports |
29.70 |
25.16 |
24.30 |
18.04 |
22.23 |
|
Imports |
39.96 |
31.72 |
27.12 |
26.00 |
47.33 |
The cumulative value of non-petroleum exports in April
2021-February 2022 was USD 319.09 billion, an increase of 36.16% over USD
234.36 billion in April 2020-February 2021 and an increase of 26.07% over USD
253.10 billion in April 2019-February 2020.
The cumulative value of non-petroleum imports in April
2021-Feb 2022 was USD 408.63 billion, showing an increase of 49.61% compared to
non-oil imports of USD 273.12 billion in April 2020-Feb 2021 and an increase of
26.61% compared to non-oil imports of USD 322.74 billion in April 2019-Feb
2020.
Statement
4: Merchandise Non-POL Trade Apr 2021-Feb 2022
|
|
Value in Billion USD |
% Growth |
|||
|
|
Apr21-Feb22 |
Apr20-Feb21 |
Apr19-Feb20 |
Apr21-Feb 22
over Apr20-Feb 21 |
Apr21-Feb 22
over Apr19-Feb 20 |
|
Exports |
319.09 |
234.36 |
253.10 |
36.16 |
26.07 |
|
Imports |
408.63 |
273.12 |
322.74 |
49.61 |
26.61 |
Value of non-petroleum and non-gems and jewellery
exports in February 2022 was USD 26.60 billion, registering a positive growth
of 18.31% over non-petroleum and non-gems and jewellery
exports of USD 22.48 billion in February 2021 and a positive growth of 24.98%
over non-petroleum and non-gems and jewellery exports
of USD 21.28 billion in February 2020.
Value of non-oil, non-GJ (gold, silver & Precious
metals) imports was USD 31.61 billion in February 2022 with a positive growth
of 31.66% over non-oil and non-GJ imports of USD 24.01 billion in Feb 2021 and
a positive growth of 42.31% over non-oil and non-GJ imports of USD 22.21
billion in Feb 2020.
Statement
5: Merchandise Non-POL Non-GJ Trade in February 2022
|
|
Value in Billion USD |
% Growth |
|||
|
|
Feb-22 |
Feb-21 |
Feb-20 |
Feb-22 over
Feb-21 |
Feb-22 over
Feb-20 |
|
Exports |
26.60 |
22.48 |
21.28 |
18.31 |
24.98 |
|
Imports |
31.61 |
24.01 |
22.21 |
31.66 |
42.31 |
The cumulative value of non-petroleum and non-gems and jewellery exports in April 2021-February 2022 was USD
283.83 billion, an increase of 33.92% over cumulative value of non-petroleum
and non-gems and jewellery exports of USD 211.95
billion in April 2020-February 2021 and an increase of 29.47% over cumulative
value of non-petroleum and non-gems and jewellery
exports of USD 219.22 billion in April 2019-February 2020.
Non-oil, non-GJ (Gold, Silver & Precious Metals) imports
was USD 332.85 billion in April 2021-February 2022, recording a positive growth
of 44.78%, as compared to non-oil and non-GJ imports of USD 229.89 billion in
April 2020-February 2021 and a positive growth of 22.35% over USD 272.05
billion in April 2019-February 2020.
Statement
6: Merchandise Non-POL Non-GJ Trade Apr 2021-Feb 2022
|
|
Value in Billion USD |
% Growth |
|||
|
|
Apr21-Feb22 |
Apr20-Feb21 |
Apr19-Feb20 |
Apr21-Feb 22
over Apr20-Feb 21 |
Apr21-Feb 22
over Apr19-Feb 20 |
|
Exports |
283.83 |
211.95 |
219.22 |
33.92 |
29.47 |
|
Imports |
332.85 |
229.89 |
272.05 |
44.78 |
22.35 |
Top 10 major commodity groups covering 80% of total exports
in February 2022 are as follows:
Statement
7: Exports of Top 10 Major Commodity Groups in February 2022
|
|
Value of
Export (Million US$) |
Share (%) |
Growth (%) |
|
|
Major
Commodity Group |
Feb-22 |
Feb-21 |
Feb-22 |
Feb-22 over
Feb-21 |
|
Engineering
goods |
9272.37 |
7059.91 |
27.42 |
31.34 |
|
Petroleum
products |
4109.38 |
2471.16 |
12.15 |
66.29 |
|
Gems and
Jewellery |
3105.59 |
2682.08 |
9.18 |
15.79 |
|
Organic and
Inorganic chemicals |
2407.81 |
1930.21 |
7.12 |
24.74 |
|
Drugs and
Pharmaceuticals |
1938.79 |
2001.44 |
5.73 |
-3.13 |
|
RMG of all
Textiles |
1598.64 |
1348.55 |
4.73 |
18.54 |
|
Electronic
goods |
1477.76 |
1104.69 |
4.37 |
33.77 |
|
Cotton Yarn/Fabs./Madeups, Handloom
products etc. |
1258.88 |
947.64 |
3.72 |
32.84 |
|
Rice |
920.67 |
918.94 |
2.72 |
0.19 |
|
Plastic and
Linoleum |
793.34 |
631.19 |
2.35 |
25.69 |
|
Total of 10
Major Commodity Groups |
26883.24 |
21095.80 |
79.51 |
27.43 |
|
Rest |
6928.61 |
6537.45 |
20.49 |
5.98 |
|
Total Exports |
33811.86 |
27633.25 |
100.00 |
22.36 |
Top
10 major commodity groups covering 78% of total imports in February 2022 are as
follows:
Statement
8: Imports of Top 10 Major Commodity Groups in February 2022
|
|
Import
(Million US$) |
Share (%) |
Growth (%) |
|
|
Major
Commodity Group |
Feb-22 |
Feb-21 |
Feb-22 |
Feb-22 over
Feb-21 |
|
Petroleum,
Crude & products |
15042.44 |
9031.45 |
27.35 |
66.56 |
|
Electronic
goods |
6244.93 |
4843.82 |
11.35 |
28.93 |
|
Gold |
4684.79 |
5290.40 |
8.52 |
-11.45 |
|
Machinery,
electrical & non-electrical |
3612.66 |
3184.00 |
6.57 |
13.46 |
|
Pearls,
precious & Semi-precious stones |
3186.03 |
2408.50 |
5.79 |
32.28 |
|
Coal, Coke
& Briquettes, etc. |
2860.20 |
1318.11 |
5.20 |
116.99 |
|
Organic &
Inorganic Chemicals |
2434.07 |
2039.23 |
4.43 |
19.36 |
|
Artificial
resins, plastic materials, etc. |
1704.53 |
1458.36 |
3.10 |
16.88 |
|
Fertilisers,
Crude & manufactured |
1670.20 |
224.57 |
3.04 |
643.73 |
|
Iron &
Steel |
1603.74 |
1239.36 |
2.92 |
29.40 |
|
Total of 10
Major Commodity Groups |
43043.59 |
31037.80 |
78.25 |
38.68 |
|
Rest |
11961.83 |
9710.85 |
21.75 |
23.18 |
|
Total Imports |
55005.42 |
40748.65 |
100.00 |
34.99 |
Top 10 major commodity groups covering 80% of total exports
in April 2021 –Feb 2022 are as follows:
Statement
9: Exports of Top 10 Major Commodity Groups in April 2021-February 2022
|
|
Value of
Export (Million US$) |
Share (%) |
Growth (%) |
|
|
Major
Commodity Group |
Apr21-Feb22 |
Apr20-Feb21 |
Apr21-Feb22 |
Apr21-Feb22
over Apr20-Feb21 |
|
Engineering
goods |
100927.31 |
67421.24 |
26.98 |
49.70 |
|
Petroleum
products |
54958.67 |
22195.00 |
14.69 |
147.62 |
|
Gems and
Jewellery |
35258.63 |
22409.82 |
9.43 |
57.34 |
|
Organic and
Inorganic chemicals |
26470.62 |
19799.60 |
7.08 |
33.69 |
|
Drugs and
Pharmaceuticals |
22185.08 |
22148.98 |
5.93 |
0.16 |
|
RMG of all Textiles |
14273.26 |
10846.26 |
3.82 |
31.60 |
|
Cotton Yarn/Fabs./Madeups, Handloom
products etc. |
13949.35 |
8722.84 |
3.73 |
59.92 |
|
Electronic
goods |
13838.07 |
9692.61 |
3.70 |
42.77 |
|
Plastic and
Linoleum |
8961.25 |
6743.31 |
2.40 |
32.89 |
|
Rice |
8617.48 |
7712.67 |
2.30 |
11.73 |
|
Total of 10
Major Commodity Groups |
299439.72 |
197692.35 |
80.05 |
51.47 |
|
Rest |
74610.74 |
58859.53 |
19.95 |
26.76 |
|
Total Exports |
374050.47 |
256551.88 |
100.00 |
45.80 |
Top
10 major commodity groups covering 77% of total imports in April 2021 -Feb 2022
are as follows:
Statement
10: Imports of Top 10 Major Commodity Groups in April 2021-February 2022
|
|
Import
(Million US$) |
Share (%) |
Growth (%) |
|
|
Major
Commodity Group |
Apr21-Feb22 |
Apr20-Feb21 |
Apr21-Feb22 |
Apr21-Feb22
over Apr20-Feb21 |
|
Petroleum,
Crude & products |
141486.97 |
72412.48 |
27.35 |
95.39 |
|
Electronic
goods |
64745.48 |
48423.77 |
11.35 |
33.71 |
|
Gold |
45033.98 |
26110.24 |
8.52 |
72.48 |
|
Machinery,
electrical & non-electrical |
36392.76 |
26570.80 |
6.57 |
36.97 |
|
Pearls,
precious & Semi-precious stones |
27595.98 |
16340.69 |
5.79 |
68.88 |
|
Organic &
Inorganic Chemicals |
27498.42 |
17722.78 |
4.43 |
55.16 |
|
Coal, Coke
& Briquettes, etc. |
27120.61 |
14538.79 |
5.20 |
86.54 |
|
Artificial
resins, plastic materials, etc. |
18238.74 |
11790.09 |
3.10 |
54.70 |
|
Transport
equipment |
18211.83 |
16438.43 |
2.22 |
10.79 |
|
Vegetable Oil |
17240.22 |
10012.30 |
2.47 |
72.19 |
|
Total of 10
Major Commodity Groups |
423564.98 |
260360.38 |
77.00 |
62.68 |
|
Rest |
126552.82 |
85176.63 |
23.00 |
48.58 |
|
Total Imports |
550117.80 |
345537.01 |
100.00 |
59.21 |
Source:
DGCI&S