INDIA’S MERCHANDISE TRADE: Preliminary Data of May 2022
India has achieved monthly value of merchandise export in May 2022 amounting USD 37.29 billion, an increase of 15.46% over USD 32.30 billion in May 2021. India’s merchandise export in April -May 2022-23was USD 77.08 billion with an increase of 22.26% over USD 63.05 billion in April -May 2021-22.
Value of non-petroleum exports in May 2022 was 29.18 USD billion, registering a positive growth of 8.13% over non-petroleum exports of USD 26.99 billion in May 2021. The cumulative value of non-petroleum exports in April -May 2022-23 was USD 61.09 billion, an increase of 12.9% over USD 54.11 billion in April-May 2021-22.
Value of non-petroleum and non-gems and jewellery exports in May 2022 was USD 26.08 billion, registering a positive growth of 8.57% over non-petroleum and non-gems and jewellery exports of USD 24.02 billion in May 2021. The cumulative value of non-petroleum and non-gems and jewellery exports in April -May 2022-23 was USD 54.52 billion, an increase of 14.15% over cumulative value of non-petroleum and non-gems and jewellery exports of USD 47.76 billion in April -May 2021-22.
Petroleum products (52.71%), Electronic goods (41.46%) and RMG of all Textiles (22.94%) led the way in high increase in exports during May 2022.
India’s merchandise import in May 2022 was USD 60.62 billion, an increase of 56.14% over USD 38.83 billion in May 2021. India’s merchandise imports in April -May 2022-23 was USD 120.81 billion with an increase of 42.35% over USD 84.87 billion in April -May 2021-22.
Value of non-petroleum imports was USD 42.48 billion in May 2022 with a positive growth of 44.7% over non-petroleum imports of USD 29.36 billion in May 2021. The cumulative value of non-petroleum imports in April -May 2022-23 was USD 82.55 billion, showing an increase of 27.72% compared to non-oil imports of USD 64.63 billion in April -May 2021-22.
Value of non-oil, non-GJ (gold, silver & Precious metals) imports was USD 33.61 billion in May 2022 with a positive growth of 27.2% over non-oil and non-GJ imports of USD 26.42 billion in May 2021. Non-oil, non-GJ (Gold, Silver & Precious Metals) imports in April -May 2022-23 was USD 69.25 billion, recording a positive growth of 30.71%, as compared to non-oil and non-GJ imports of USD 52.97 billion in April -May 2021-22.
The trade deficit in May 2022 was USD 23.33 billion, while it was 43.73 billion USD during April -May
2022-23.
|
Statement1:India’sTotalTradeinMerchandisegoodsinMay2022
|
|||
|
ValueinBillionUSD
|
%Growth
|
||
|
MAY’22
|
MAY’21
|
MAY’22vs MAY’21
|
|
|
Exports
|
37.29
|
32.30
|
15.46
|
|
Imports
|
60.62
|
38.83
|
56.14
|
|
Deficit
|
23.33
|
6.53
|
–
|
|
Statement 2: India’s Total Trade in Merchandise goods in April-May 2022-23
|
|||
|
|
Value in Billion USD
|
% Growth
|
|
|
APR’22–
MAY’22
|
APR’21–
MAY’21
|
APR-MAY 2022-23 vs
APR-MAY 2021-22
|
|
|
Exports
|
77.08
|
63.05
|
22.26
|
|
Imports
|
120.81
|
84.87
|
42.35
|
|
Deficit
|
43.73
|
21.82
|
–
|
|
Statement 3: Merchandise Non-POL Trade in May 2022
|
|||
|
|
Value in Billion USD
|
% Growth
|
|
|
MAY’22
|
MAY’21
|
MAY’22 vs MAY’21
|
|
|
Exports
|
29.18
|
26.99
|
8.13
|
|
Imports
|
42.48
|
29.36
|
44.70
|
|
Statement 4: Merchandise Non-POL Trade in April-May 2022-23
|
|||
|
|
Value in Billion USD
|
% Growth
|
|
|
APR’22–
MAY’22
|
APR’21–
MAY’21
|
APR-MAY 2022-23 vs
APR-MAY 2021-22
|
|
|
Exports
|
61.09
|
54.11
|
12.90
|
|
Imports
|
82.55
|
64.63
|
27.72
|
|
Statement 5: Merchandise Non-POL Non-GJ Trade in May 2022
|
|||
|
|
Value in Billion USD
|
% Growth
|
|
|
MAY’22
|
MAY’21
|
MAY’22 vs MAY’21
|
|
|
Exports
|
26.08
|
24.02
|
8.57
|
|
Imports
|
33.61
|
26.42
|
27.20
|
|
Statement 6: Merchandise Non-POL Non-GJ Trade in April-May 2022-23
|
|||
|
|
Value in Billion USD
|
% Growth
|
|
|
APR’22–
MAY’22
|
APR’21–
MAY’21
|
APR-MAY 2022-23 vs
APR-MAY 2021-22
|
|
|
Exports
|
54.52
|
47.76
|
14.15
|
|
Imports
|
69.25
|
52.97
|
30.71
|
Top10majorcommoditygroupscovering81%oftotalexportsinMay2022,are–
|
Statement 7: Exports of Top 10 Major Commodity Groups in May 2022
|
||||
|
|
Value of Export (Million US$)
|
Share (%)
|
Growth (%)
|
|
|
Major Commodity Group
|
May-22
|
May-21
|
May-22
|
May-22 over
May-21
|
|
Engineering goods
|
9299.44
|
8623.65
|
24.94
|
7.84
|
|
Petroleum products
|
8113.89
|
5313.28
|
21.76
|
52.71
|
|
Gems and Jewellery
|
3102.48
|
2968.19
|
8.32
|
4.52
|
|
Organic and Inorganic chemicals
|
2446.71
|
2182.94
|
6.56
|
12.08
|
|
Drugs and Pharmaceuticals
|
1983.15
|
1874.83
|
5.32
|
5.78
|
|
RMG of all Textiles
|
1360.95
|
1107.00
|
3.65
|
22.94
|
|
Electronic goods
|
1339.10
|
946.66
|
3.59
|
41.46
|
|
Cotton Yarn/Fabs./Madeups,
Handloom products etc.
|
1005.07
|
1106.04
|
2.70
|
-9.13
|
|
Rice
|
822.45
|
773.91
|
2.21
|
6.27
|
|
Plastic and Linoleum
|
729.45
|
863.79
|
1.96
|
-15.55
|
|
Total of 10 Major Commodity
Groups
|
30202.72
|
25760.27
|
80.99
|
17.25
|
|
Rest
|
7090.59
|
6538.81
|
19.01
|
8.44
|
|
Total Exports
|
37293.31
|
32299.08
|
100.00
|
15.46
|
Top 10 major commodity groups covering 81% of total imports in May 2022, are –
|
Statement 8: Imports of Top 10 Major Commodity Groups in May 2022
|
||||
|
|
Value of Import (Million US$)
|
Share (%)
|
Growth (%)
|
|
|
Major Commodity Group
|
May-22
|
May-21
|
May-22
|
May-22 over
May-21
|
|
Petroleum, Crude & products
|
18142.14
|
9468.96
|
29.93
|
91.60
|
|
Gold
|
5825.26
|
677.67
|
9.61
|
759.60
|
|
Electronic goods
|
5445.05
|
4239.80
|
8.98
|
28.43
|
|
Coal, Coke & Briquettes, etc.
|
5333.79
|
1992.26
|
8.80
|
167.73
|
|
Machinery, electrical & non–
electrical
|
3118.47
|
2979.25
|
5.14
|
4.67
|
|
Organic & Inorganic Chemicals
|
3069.10
|
2306.35
|
5.06
|
33.07
|
|
Pearls, precious & Semi–
precious stones
|
2636.36
|
2245.03
|
4.35
|
17.43
|
|
Artificial resins, plastic
materials, etc.
|
1994.15
|
1650.75
|
3.29
|
20.80
|
|
Vegetable Oil
|
1650.95
|
1432.83
|
2.72
|
15.22
|
|
Transport equipment
|
1630.86
|
1408.03
|
2.69
|
15.83
|
|
Total of 10 Major Commodity
Groups
|
48846.12
|
28400.94
|
80.57
|
71.99
|
|
Rest
|
11778.38
|
10427.14
|
19.43
|
12.96
|
|
Total Imports
|
60624.51
|
38828.07
|
100.00
|
56.14
|
Top 10 major commodity groups covering 80% of total exports in April –May 2022-23, are –
|
Statement 9: Exports of Top 10 Major Commodity Groups in April-May 2022-23
|
||||
|
|
Value of Export (Million US$)
|
Share (%)
|
Growth (%)
|
|
|
Major Commodity Group
|
Apr’22–
May’22
|
Apr’21–
May’21
|
Apr’22–
May’22
|
APR-MAY
2022-23 vs
APR-MAY
2021-22
|
|
Engineering goods
|
18977.12
|
16597.70
|
24.62
|
14.34
|
|
Petroleum products
|
15992.33
|
8938.94
|
20.75
|
78.91
|
|
Gems and Jewellery
|
6569.37
|
6347.33
|
8.52
|
3.50
|
|
Organic and Inorganic chemicals
|
5124.15
|
4208.52
|
6.65
|
21.76
|
|
Drugs and Pharmaceuticals
|
4050.04
|
3767.40
|
5.25
|
7.50
|
|
Electronic goods
|
3015.72
|
1925.08
|
3.91
|
56.65
|
|
RMG of all Textiles
|
2935.73
|
2404.67
|
3.81
|
22.08
|
|
Cotton Yarn/Fabs./Madeups,
Handloom products etc.
|
2162.60
|
2171.24
|
2.81
|
-0.40
|
|
Rice
|
1629.10
|
1669.51
|
2.11
|
-2.42
|
|
Plastic and Linoleum
|
1526.27
|
1591.69
|
1.98
|
-4.11
|
|
Total of 10 Major Commodity
Groups
|
61982.43
|
49622.09
|
80.42
|
24.91
|
|
Rest
|
15095.34
|
13424.11
|
19.58
|
12.45
|
|
Total Exports
|
77077.77
|
63046.2
|
100.00
|
22.26
|
Top 10 major commodity groups covering 81% of total imports in April-May 2022-23, are –
|
Statement 10: Imports of Top 10 Major Commodity Groups in April-May 2022-23
|
||||
|
|
Value of Import (Million US$)
|
Share (%)
|
Growth (%)
|
|
|
Major Commodity Group
|
Apr’22–
May’22
|
Apr’21–
May’21
|
Apr’22-May’22
|
APR-MAY
2022-23 vs
APR-MAY
2021-22
|
|
Petroleum, Crude & products
|
38263.36
|
20233.80
|
31.67
|
89.11
|
|
Electronic goods
|
12163.38
|
9298.65
|
10.07
|
30.81
|
|
Coal, Coke & Briquettes, etc.
|
10265.52
|
3996.82
|
8.50
|
156.84
|
|
Gold
|
7549.36
|
6916.03
|
6.25
|
9.16
|
|
Machinery, electrical & non–
electrical
|
6532.89
|
6033.88
|
5.41
|
8.27
|
|
Organic & Inorganic Chemicals
|
6479.89
|
4550.53
|
5.36
|
42.40
|
|
Pearls, precious & Semi-precious
stones
|
5230.62
|
4715.77
|
4.33
|
10.92
|
|
Artificial resins, plastic materials,
etc.
|
4013.18
|
3430.22
|
3.32
|
16.99
|
|
Non-ferrous metals
|
3451.44
|
2579.76
|
2.86
|
33.79
|
|
Vegetable Oil
|
3382.89
|
2721.97
|
2.80
|
24.28
|
|
Total of 10 Major Commodity
Groups
|
97332.54
|
64477.43
|
80.57
|
50.96
|
|
Rest
|
23479.46
|
20389.88
|
19.43
|
15.15
|
|
Total Imports
|
120812.00
|
84867.31
|
100.00
|
42.35
|