India’s overall exports (Merchandise and Services combined) in August 2022* are estimated to be USD 57.47 Billion, exhibiting a positive growth of 6.75 per cent over the same period last year. Overall imports in August 2022* are estimated to be USD 75.84 Billion, exhibiting a positive growth of 33.15 per cent over the same period last year.
Table 1: Trade during August 2022*
August 2022
(USD Billion)
August 2021
Growth vis-à-vis August 2021 (%)
Merchandise
Exports
33.92
33.38
1.62
Imports
61.90
45.09
37.28
Trade Balance
-27.98
-11.71
-138.88
Services*
23.54
20.45
15.12
13.94
11.87
17.47
Net of Services
9.60
8.59
11.86
Overall Trade (Merchandise+
Services) *
57.47
53.83
6.75
75.84
56.96
33.15
-18.37
-3.13
-487.80
Note: The latest data for services sector released by RBI is for July 2022. The data for August 2022 is an estimation, which will be revised based on RBI’s subsequent release. (ii) Data for April-August 2021 has been revised on pro-rata basis using quarterly balance of payments data.
Fig 1: Overall Trade during August 2022*
India’s overall exports (Merchandise and Services combined) in April-August 2022* are estimated to be USD 311.82 Billion, exhibiting a positive growth of 19.72 per cent over the same period last year. Overall imports in April-August 2022* are estimated to be USD 390.91 Billion, exhibiting a positive growth of 43.78 per cent over the same period last year.
Table 2: Trade during April-August 2022*
April-August 2022
April-August 2021
Growth vis-à-vis April-August 2021 (%)
193.51
164.44
17.68
318.03
218.22
45.74
-124.52
-53.78
-131.52
118.30
96.03
23.20
72.88
53.67
35.81
45.42
42.36
7.22
311.82
260.46
19.72
390.91
271.88
43.78
-79.10
-11.42
-592.61
Fig 2: Overall Trade during April-August 2022*
MERCHANDISE TRADE
Fig 3: Merchandise Trade during August 2022
Fig 4: Merchandise Trade during April-August 2022
Non-petroleum and non-gems & jewellery exports in August 2022 were USD 24.88 Billion, registering a negative growth of (-) 1.64 per cent over non-petroleum and non-gems & jewellery exports of USD 25.29 Billion in August 2021.
Non-petroleum, non-gems & jewellery (gold, silver & precious metals) imports were USD 37.53 Billion in August 2022 with a positive growth of 40.63 per cent over Non-petroleum, non-gems & jewellery imports of USD 26.69 Billion in August 2021.
Table 3: Trade excluding Petroleum and Gems & Jewellery during August 2022
Non- petroleum exports
28.21
28.73
-1.80
Non- petroleum imports
44.20
35.65
23.99
Non-petroleum & Non Gems & Jewellery exports
24.88
25.29
-1.64
Non-petroleum & Non Gems & Jewellery imports
37.53
26.69
40.63
Note: Gems & Jewellery Imports include Gold, Silver & Pearls, precious & Semi-precious stones
Fig 5: Trade excluding Petroleum and Gems & Jewellery during August 2022
Non-petroleum and non-gems & jewellery exports during April-August 2022 was USD 135.57 Billion, an increase of 8.47 per cent over non-petroleum and non-gems & jewellery exports of USD 124.99 Billion in April-August 2021.
Non-petroleum, non-gems & jewellery (gold, silver & precious metals) imports were USD 185.05 Billion in April-August 2022, recording a positive growth of 37.64 per cent, as compared to Non-petroleum, non-gems & jewellery imports of USD 134.44 Billion in April-August 2021.
Table 4: Trade excluding Petroleum and Gems & Jewellery during April-August 2022
152.41
141.05
8.06
218.56
165.46
32.10
135.57
124.99
8.47
185.05
134.44
37.64
Fig 6: Trade excluding Petroleum and Gems & Jewellery during April-August 2022
SERVICES TRADE
Fig 7: Services Trade during August 2022*
Fig 8: Services Trade during April-August 2022*
Table 5: Export Growth in Commodity Groups in August 2022
Sl. No.
Commodities
(Values in Million USD)
% Change
AUG'21
AUG'22
Commodity groups exhibiting positive growth
1
Tobacco
72.29
127.51
76.39
2
Oil Meals
45.48
78.99
73.68
3
Electronic Goods
1146.43
1729.13
50.83
4
Rice
725.45
1041.72
43.60
5
Petroleum Products
4655.35
5714.76
22.76
6
Meat, dairy & poultry products
274.88
336.07
22.26
7
Cereal preparations & miscellaneous processed items
180.79
217.60
20.36
8
Coffee
76.71
89.80
17.06
9
Organic & Inorganic Chemicals
2230.85
2531.28
13.47
10
Fruits & Vegetables
223.28
251.97
12.85
11
Leather & leather products
385.93
428.02
10.91
12
Tea
75.38
82.78
9.82
13
Ceramic products & glassware
294.90
319.87
14
Drugs & Pharmaceuticals
2008.88
2144.64
6.76
15
Other cereals
60.87
63.57
4.44
16
Spices
312.78
324.03
3.60
17
Jute Mfg. including Floor Covering
41.57
42.10
1.27
18
Oil seeds
78.35
79.18
1.06
Commodity Groups exhibiting negative growth
19
Iron Ore
146.10
13.40
-90.83
20
Handicrafts excl. handmade carpet
182.26
116.37
-36.15
21
Cotton Yarn/Fabs./made-ups, Handloom Products etc.
1302.91
883.75
-32.17
22
Cashew
35.42
24.26
-31.51
23
Carpet
143.87
104.22
-27.56
24
Engineering Goods
9663.09
8291.53
-14.19
25
Mica, Coal & Other Ores, Minerals including processed minerals
424.65
385.22
-9.29
26
Man-made Yarn/Fabs./made-ups etc.
459.75
419.40
-8.78
27
Marine Products
686.66
663.45
-3.38
28
Gems & Jewellery
3432.63
3330.30
-2.98
29
Plastic & Linoleum
755.53
747.21
-1.10
30
RMG of all Textiles
1237.84
1233.57
-0.34
Table 6: Import Growth in Commodity Groups in August 2022
Commodity Groups exhibiting positive growth
Silver
15.49
684.34
4317.95
Cotton Raw & Waste
39.92
295.76
640.88
Coal, Coke & Briquettes, etc.
1939.16
4530.57
133.64
Petroleum, Crude & products
9443.19
17700.63
87.44
Textile yarn Fabric, made-up articles
145.49
266.79
83.37
57.94
104.70
80.70
Fertilisers, Crude & manufactured
834.01
1475.63
76.93
Pulp and Waste paper
115.05
191.80
66.71
Non-ferrous metals
1159.91
1722.36
48.49
Project goods
33.54
49.59
47.85
Artificial resins, plastic materials, etc.
1372.13
2023.49
47.47
2069.22
2959.75
43.04
Vegetable Oil
1335.50
1890.43
41.55
Wood & Wood products
456.12
640.52
40.43
Machinery, electrical & non-electrical
2917.63
3888.71
33.28
Iron & Steel
1335.58
1763.44
32.04
Chemical material & products
855.07
1104.83
29.21
Professional instrument, Optical goods, etc.
452.24
576.90
27.57
Electronic goods
5923.27
7302.07
23.28
Fruits & vegetables
168.20
205.30
22.06
Dyeing/tanning/colouring materials
265.05
323.37
22.00
Machine tools
296.82
359.64
21.16
Transport equipment
1323.35
1599.48
20.87
Newsprint
34.43
41.51
20.56
Pearls, precious & Semi-precious stones
2245.97
2415.31
7.54
Metaliferrous ores & other minerals
772.20
788.49
2.11
Gold
6702.92
3573.51
-46.69
Pulses
247.51
150.43
-39.22
Sulphur & Unroasted Iron Pyrites
17.90
14.36
-19.78
Medicinal & Pharmaceutical products
656.88
638.23
-2.84
Table 7: MERCHANDISE TRADE
EXPORTS & IMPORTS: (Rs. Crore)
(PROVISIONAL)
AUGUST
APRIL-AUGUST
EXPORTS (including re-exports)
2021-22
2,47,633.63
12,16,966.47
2022-23
2,69,874.67
15,11,224.41
%Growth 2022-23/2021-22
8.98
24.18
IMPORTS
3,34,519.60
16,15,539.68
4,92,457.24
24,86,013.62
47.21
53.88
TRADE BALANCE
-86,885.97
-3,98,573.20
-2,22,582.57
-9,74,789.21
Table 8: SERVICES TRADE
EXPORTS & IMPORTS (SERVICES) : (US $ Billion)
July 2022
April-July 2022
EXPORTS (Receipts)
23.27
94.76
IMPORTS (Payments)
13.93
58.94
9.34
EXPORTS & IMPORTS (SERVICES): (Rs. Crore)
1,85,193.12
7,37,272.87
1,10,877.07
4,58,494.96
74,316.05
2,78,777.91
Source: RBI Press Release dated 1st September 2022