India’s overall exports (Merchandise and Services combined) in July 2022* are estimated to be USD 61.18 Billion, exhibiting a positive growth of 11.51 per cent over the same period last year. Overall imports in July 2022* are estimated to be USD 82.22 Billion, exhibiting a positive growth of 42.90 per cent over the same period last year.
Table 1: Trade during July 2022*
July 2022
(USD Billion)
July 2021
Growth vis-à-vis July 2021 (%)
Merchandise
Exports
36.27
35.51
2.14
Imports
66.27
46.15
43.61
Trade Balance
-30.00
-10.63
-182.10
Services*
24.91
19.36
28.69
15.95
11.39
40.02
Net of Services
8.96
7.97
12.49
Overall Trade (Merchandise+
Services) *
61.18
54.87
11.51
82.22
57.54
42.90
-21.04
-2.67
-688.49
* Note: The latest data for services sector released by RBI is for June 2022. The data for July 2022 is an estimation, which will be revised based on RBI’s subsequent release. (ii) Data for April-July 2021 has been revised on pro-rata basis using quarterly balance of payments data.
Fig 1: Overall Trade during July 2022*
India’s overall exports (Merchandise and Services combined) in April-July 2022* are estimated to be USD 253.84 Billion, exhibiting a positive growth of 22.85 per cent over the same period last year. Overall imports in April-July 2022* are estimated to be USD 317.40 Billion, exhibiting a positive growth of 47.68 per cent over the same period last year.
Table 2: Trade during April-July 2022*
April-July 2022
April-July 2021
Growth vis-à-vis April-July 2021 (%)
157.44
131.06
20.13
256.43
173.12
48.12
-98.99
-42.07
-135.31
96.40
75.57
27.56
60.96
41.80
45.85
35.44
33.77
4.93
253.84
206.63
22.85
317.40
214.92
47.68
-63.55
-8.29
-666.23
Fig 2: Overall Trade during April-July 2022*
MERCHANDISE TRADE
Fig 3: Merchandise Trade during July 2022
Fig 4: Merchandise Trade during April-July 2022
Table 3: Trade excluding Petroleum and Gems & Jewellery during July 2022
Non- petroleum exports
29.90
29.67
0.76
Non- petroleum imports
45.14
33.74
Non-petroleum & Non Gems & Jewellery exports
26.62
26.21
1.55
Non-petroleum & Non Gems & Jewellery imports
38.45
26.90
42.91
Note: Gems & Jewellery Imports include Gold, Silver & Pearls, precious & Semi-precious stones
Fig 5: Trade excluding Petroleum and Gems & Jewellery during July 2022
Table 4: Trade excluding Petroleum and Gems & Jewellery during April-July 2022
123.98
112.32
10.38
174.40
129.81
34.35
110.47
99.69
10.81
147.56
107.75
36.94
Fig 6: Trade excluding Petroleum and Gems & Jewellery during April-July 2022
SERVICES TRADE
Fig 7: Services Trade during July 2022*
Fig 8: Services Trade during April-July 2022*
Table 5: Export Growth in Commodity Groups in July 2022
Sl. No.
Commodities
(Values in Million USD)
% Change
JUL'21
JUL'22
Commodity groups exhibiting positive growth
1
Tobacco
65.16
113.48
74.16
2
Electronic Goods
1244.20
1817.64
46.09
3
Coffee
71.19
93.39
31.18
4
Rice
710.94
930.50
30.88
5
Cereal preparations & miscellaneous processed items
182.45
227.18
24.52
6
Oil Meals
65.45
80.64
23.21
7
Oil seeds
76.58
92.68
21.02
8
Meat, dairy & poultry products
256.39
308.81
20.45
9
Leather & leather products
387.72
464.38
19.77
10
Ceramic products & glassware
295.97
332.28
12.27
11
Tea
70.07
78.33
11.79
12
Petroleum Products
5840.02
6376.21
9.18
13
Organic & Inorganic Chemicals
2426.09
2620.85
8.03
14
Fruits & Vegetables
220.06
234.00
6.33
15
Other cereals
96.78
101.98
5.37
16
Spices
338.42
343.53
1.51
17
Marine Products
701.60
711.87
1.46
18
Mica, Coal & Other Ores, Minerals including processed minerals
406.45
409.77
0.82
Commodity Groups exhibiting negative growth
19
Iron Ore
363.20
20.58
-94.33
20
Handicrafts excl. hand made carpet
189.04
121.23
-35.87
21
Cotton Yarn/Fabs./made-ups, Handloom Products etc.
1315.42
944.92
-28.17
22
Cashew
36.68
26.92
-26.61
23
Carpet
158.23
117.75
-25.58
24
Man-made Yarn/Fabs./made-ups etc.
486.91
437.59
-10.13
25
Gems & Jewellery
3459.67
3279.36
-5.21
26
Plastic & Linoleum
832.61
803.25
-3.53
27
Engineering Goods
9545.20
9346.52
-2.08
28
Jute Mfg. including Floor Covering
39.86
39.17
-1.73
29
Drugs & Pharmaceuticals
2145.67
2123.16
-1.05
30
RMG of all Textiles
1389.22
1380.91
-0.60
Table 6: Import Growth in Commodity Groups in July 2022
Commodity Groups exhibiting positive growth
Silver
11.76
1108.86
9329.08
Project goods
42.00
198.67
373.02
Cotton Raw & Waste
57.68
193.87
236.11
Coal, Coke & Briquettes, etc.
1958.92
5179.98
164.43
Textile yarn Fabric, made-up articles
142.36
268.82
88.83
Newsprint
31.35
58.21
85.68
Petroleum, Crude & products
12402.06
21133.57
70.40
Artificial resins, plastic materials, etc.
1313.21
2191.85
66.91
55.77
91.05
63.26
Vegetable Oil
1369.58
2015.77
47.18
Metaliferrous ores & other minerals
573.04
824.99
43.97
Fertilisers, Crude & manufactured
1181.11
1691.75
43.23
Non-ferrous metals
1297.09
1815.39
39.96
Wood & Wood products
469.43
654.82
39.49
Dyeing/tanning/colouring mtrls.
269.85
369.88
37.07
Machinery, electrical & non-electrical
2821.52
3812.61
35.13
Iron & Steel
1336.51
1727.91
29.29
Fruits & vegetables
174.57
225.08
28.93
2440.47
3141.76
28.74
Electronic goods
5319.77
6800.89
27.84
Chemical material & products
917.63
1172.30
27.75
Machine tools
311.07
385.98
24.08
Pearls, precious & Semi-precious stones
2628.17
3214.10
22.29
Pulp and Waste paper
134.63
155.93
15.82
Professional instrument, Optical goods, etc.
523.64
593.57
13.35
Transport equipment
1331.39
1371.71
3.03
Pulses
162.03
66.05
-59.24
Sulphur & Unroasted Iron Pyrites
29.39
14.11
-51.99
Gold
4203.06
2370.32
-43.60
Medicinal & Pharmaceutical products
795.31
710.12
-10.71
Table 7: MERCHANDISE TRADE
EXPORTS & IMPORTS: (Rs. Crore)
(PROVISIONAL)
JULY
APRIL-JULY
EXPORTS (including re-exports)
2021-22
2,64,666.37
9,69,332.85
2022-23
2,88,747.71
12,24,231.62
%Growth 2022-23/2021-22
9.10
26.30
IMPORTS
3,43,919.55
12,81,020.08
5,27,541.77
19,95,937.36
53.39
55.81
TRADE BALANCE
-79,253.18
-3,11,687.23
-2,38,794.06
-7,71,705.73
Table 8: SERVICES TRADE
EXPORTS & IMPORTS (SERVICES) : (US $ Billion)
June 2022
April-June 2022
EXPORTS (Receipts)
25.29
71.49
IMPORTS (Payments)
15.77
45.01
9.53
26.48
EXPORTS & IMPORTS (SERVICES): (Rs. Crore)
1,97,466.28
5,52,079.75
1,23,100.22
3,47,617.89
74,366.06
2,04,461.85
Source: RBI Press Release dated 1st August 2022