India’s overall exports (Merchandise and Services combined) in September 2022* are estimated to be USD 61.10 Billion, exhibiting a positive growth of 10.24 per cent over the same period last year. Overall imports in September 2022* are estimated to be USD 76.26 Billion, exhibiting a positive growth of 10.73 per cent over the same period last year.
Table 1: Trade during September 2022*
September 2022
(USD Billion)
September 2021
Growth vis-à-vis September 2021 (%)
Merchandise
Exports
35.45
33.81
4.82
Imports
61.16
56.29
8.66
Trade Balance
-25.71
-22.47
-14.42
Services*
25.65
21.61
18.72
15.10
12.58
20.00
Net of Services
10.56
9.03
16.94
Overall Trade (Merchandise+
Services) *
61.10
55.42
10.24
76.26
68.87
10.73
-15.16
-13.44
-12.74
* Note: The latest data for services sector released by RBI is for August 2022. The data for September 2022 is an estimation, which will be revised based on RBI’s subsequent release. (ii) Data for April-September2021 and April-June 2022 has been revised on pro-rata basis using quarterly balance of payments data.
Fig 1: Overall Trade during September 2022*
Table 2: Trade during April-September 2022*
April-September 2022
April-September 2021
Growth vis-à-vis April-September 2021 (%)
231.88
198.25
16.96
380.34
274.50
38.55
-148.46
-76.25
-94.69
150.43
117.63
27.88
89.13
66.25
34.54
61.30
51.39
19.30
382.31
315.89
21.03
469.47
340.75
37.77
-87.16
-24.86
-250.51
Fig 2: Overall Trade during April-September 2022*
MERCHANDISE TRADE
Fig 3: Merchandise Trade during September 2022
Fig 4: Merchandise Trade during April-September 2022
Table 3: Trade excluding Petroleum and Gems & Jewellery during September 2022
Non- petroleum exports
28.02
28.62
-2.11
Non- petroleum imports
45.28
39.51
14.62
Non-petroleum & Non Gems & Jewellery exports
24.22
25.38
-4.58
Non-petroleum & Non Gems & Jewellery imports
37.71
31.26
20.64
Note: Gems & Jewellery Imports include Gold, Silver & Pearls, precious & Semi-precious stones
Fig 5: Trade excluding Petroleum and Gems & Jewellery during September 2022
Table 4: Trade excluding Petroleum and Gems & Jewellery during April-September 2022
180.64
169.67
6.47
265.08
204.97
29.33
160.00
150.37
6.41
223.99
165.70
35.18
Fig 6: Trade excluding Petroleum and Gems & Jewellery during April-September 2022
SERVICES TRADE
Fig 7: Services Trade during September 2022*
Fig 8: Services Trade during April-September 2022*
Table 5: Export Growth in Commodity Groups in September 2022
Sl. No.
Commodities
(Values in Million USD)
% Change
SEP'21
SEP'22
Commodity groups exhibiting positive growth
1
Electronic Goods
1168.11
2009.07
71.99
2
Tobacco
77.23
125.24
62.16
3
Petroleum Products
5195.49
7429.84
43.01
4
Oil seeds
50.32
59.11
17.47
5
Gems & Jewellery
3235.20
3793.85
17.27
6
Coffee
82.75
94.24
13.89
7
Fruits & Vegetables
235.26
266.08
13.10
8
Tea
77.52
85.91
10.82
9
Leather & leather products
384.83
419.37
8.98
10
Cereal preparations & miscellaneous processed items
180.36
194.15
7.65
11
Mica, Coal & Other Ores, Minerals including processed minerals
397.28
426.32
7.31
12
Drugs & Pharmaceuticals
2055.40
2196.32
6.86
13
Spices
309.94
330.46
6.62
14
Marine Products
678.44
720.98
6.27
15
Organic & Inorganic Chemicals
2373.29
2443.50
2.96
16
Rice
779.81
792.50
1.63
17
Oil Meals
62.09
62.26
0.27
Commodity Groups exhibiting negative growth
18.
Iron Ore
82.59
2.72
-96.71
19
Cotton Yarn/Fabs./made-ups, Handloom Products etc.
1310.49
799.57
-38.99
20
Cashew
36.66
22.71
-38.05
21
Handicrafts excl. handmade carpet
184.95
123.75
-33.09
22
Carpet
157.83
105.95
-32.87
23
Other cereals
72.56
52.91
-27.08
24
RMG of all Textiles
1301.11
1066.18
-18.06
25
Jute Mfg. including Floor Covering
40.96
34.36
-16.11
26
Ceramic products & glassware
274.09
240.63
-12.21
27
Plastic & Linoleum
752.48
660.66
-12.20
28
Man-made Yarn/Fabs./made-ups etc.
455.84
400.96
-12.04
29
Engineering Goods
9417.37
8395.49
-10.85
30
Meat, dairy & poultry products
348.88
334.04
-4.25
Table 6: Import Growth in Commodity Groups in September 2022
Commodity Groups exhibiting positive growth
Cotton Raw & Waste
44.02
317.30
620.81
Silver
559.77
1054.09
88.31
Transport equipment
1764.76
2921.76
65.56
Pulp and Waste paper
111.09
182.79
64.54
Coal, Coke & Briquettes, etc.
2189.06
3520.48
60.82
Fertilisers, Crude & manufactured
1201.17
1780.86
48.26
65.75
96.18
46.28
Iron & Steel
1347.81
1876.53
39.23
Textile yarn Fabric, made-up articles
166.47
219.68
31.96
Newsprint
36.19
46.83
29.40
Professional instrument, Optical goods, etc.
459.75
584.70
27.18
Wood & Wood products
484.93
582.85
20.19
Machinery, electrical & non-electrical
3192.32
3720.63
16.55
Artificial resins, plastic materials, etc.
1651.45
1843.74
11.64
Chemical material & products
878.97
961.68
9.41
Electronic goods
6882.58
7142.53
3.78
Pearls, precious & Semi-precious stones
2571.63
2658.51
3.38
18
Non-ferrous metals
1460.87
1504.32
2.97
2485.79
2495.63
0.40
Sulphur & Unroasted Iron Pyrites
55.13
38.38
-30.38
Gold
5115.76
3856.32
-24.62
Pulses
195.65
158.46
-19.01
Machine tools
439.56
369.29
-15.99
Metaliferrous ores & other minerals
839.56
745.75
-11.17
Dyeing/tanning/colouring materials
346.08
313.09
-9.53
Project goods
65.38
59.45
-9.07
Medicinal & Pharmaceutical products
637.83
601.11
-5.76
Petroleum, Crude & products
16779.20
15875.96
-5.38
Fruits & vegetables
222.99
217.91
-2.28
Vegetable Oil
1999.92
1958.66
-2.06
Table 7: MERCHANDISE TRADE
EXPORTS & IMPORTS: (Rs. Crore)
(PROVISIONAL)
SEPTEMBER
APRIL-SEPTEMBER
EXPORTS (including re-exports)
2021-22
2,48,751.78
14,65,718.25
2022-23
2,84,384.30
18,18,827.25
%Growth 2022-23/2021-22
14.32
24.09
IMPORTS
4,14,062.06
20,29,601.74
4,90,683.85
29,86,137.05
18.50
47.13
TRADE BALANCE
-1,65,310.28
-5,63,883.49
-2,06,299.55
-11,67,309.79
Table 8: SERVICES TRADE
EXPORTS & IMPORTS (SERVICES) : (US $ Billion)
August 2022
April-August 2022
EXPORTS (Receipts)
25.42
124.78
IMPORTS (Payments)
15.08
74.03
10.34
50.75
EXPORTS & IMPORTS (SERVICES): (Rs. Crore)
2,02,196.99
9,75,056.64
1,19,968.94
5,78,544.47
82,228.05
3,96,512.17
Source: RBI Press Release dated 3rd October 2022