Merchandise Exports in January-June 2022 was USD 235.7 bn as Compared to previous year USD 185.9 bn

·         Exports of petroleum products grew by 119.47%, electronic goods by 41.42%, Leather & Leather products by 33.72%

India’s merchandise exports during January-June 2022 was USD 235.7 billion as compared to USD 185.9 billion during the same period of the previous year. India’s merchandise imports during January-June 2022 was USD 361.1 billion as compared to USD 258.6 billion during the same period of the previous year.

The total merchandise export was USD 421.9 billion during 2021-22 against the export target of USD 400 billion, achieving 105.4% of the export target.

The details of the sector-wise export during January-June 2021 and January-June 2022 is given at Annexure. Barring a few sectors, all major sectors show positive trend with an overall growth rate of 26.7%. The government has taken following remedial measures to boost exports:

i.     Foreign Trade Policy (2015-20) extended by one year i.e. upto 30-9-2022.

ii.    Assistance provided through several schemes to promote exports, namely, Trade Infrastructure for Export Scheme (TIES) and Market Access Initiatives (MAI) Scheme.

iii.   Remission of Duties and Taxes on Exported Products (RoDTEP) scheme has been implemented since 01.01.2021. Rebate of State and Central Levies and Taxes (RoSCTL) Scheme to promote labour oriented textile exports has been implemented since 07.03.2019.

iv.   Common Digital Platform for Certificate of Origin has been launched to facilitate trade and increase Free Trade Agreement (FTA) utilization by exporters.

v.    Districts as Export Hubs has been launched by identifying products with export potential in each district, addressing bottlenecks for exporting these products and supporting local exporters/manufacturers to generate employment in the district.

vi.   Role of Indian missions abroad towards promoting India’s trade, tourism, technology and investment goals has been enhanced.

vii.  Package announced in light of the COVID pandemic to support domestic industry through various banking and financial sector relief measures, especially for MSMEs, which constitute a major share in exports.

Annexure

Export of major sectors during January-June 2021 and January-June 2022

(Value in US$ Million)

Sr. No

Commodities

(Jan-June) 2021

(Jan-June) 2022

% Change

1

Engineering Goods

49665

58737

18.27

2

Petroleum Products

21108

46325

119.47

3

Gems & Jewellery

18310

20420

11.52

4

Organic & Inorganic Chemicals

13036

15967

22.48

5

Drugs & Pharmaceuticals

12161

12660

4.11

6

Electronic Goods

6654

9410

41.42

7

RMG of all Textiles

7477

9379

25.44

8

Cotton Yarn/Fabs./made-ups, Handloom Products etc.

6393

7153

11.89

9

Rice

5218

5499

5.39

10

Plastic & Linoleum

4560

4845

6.25

11

Marine Products

3189

3679

15.36

12

Man-made Yarn/Fabs./made-ups etc.

2563

2843

10.93

13

Mica, Coal & Other Ores, Minerals including processed minerals

2846

2831

-0.51

14

Leather & leather products

1833

2452

33.72

15

Meat, dairy & poultry products

1974

2199

11.41

16

Spices

2120

1904

-10.20

17

Ceramic products & glassware

1774

1858

4.75

18

Fruits & Vegetables

1529

1612

5.46

19

Iron Ore

3433

1395

-59.36

20

Cereal preparations & miscellaneous processed items

1078

1378

27.79

21

Handicrafts excl. handmade carpet

1003

866

-13.68

22

Carpet

852

813

-4.65

23

Coffee

445

634

42.28

24

Other cereals

508

627

23.31

25

Oil Meals

934

608

-34.91

26

Oil seeds

574

577

0.42

27

Tobacco

468

523

11.79

28

Tea

331

343

3.73

29

Jute Mfg. including Floor Covering

233

276

18.55

30

Cashew

238

195

-18.23

31

Others

13459

17654

31.17

 

Total

185965

235660

26.72

 Source: DGCIS. Data for 2022 are provisional.

This information was given by the Minister of State in the Ministry of Commerce and Industry, Smt. Anupriya Patel, in a written reply in the Rajya Sabha on 22 July, 2022.