India’s Foreign Trade for the month of November, 2022

India’s trade exhibited an impressive performance with India’s overall export (Merchandise and Services combined) of USD 58.22 Billion in November 2022. The exports exhibited a positive growth of 10.97 per cent over the same period last year. Overall import in November 2022* is estimated to be USD 69.33 Billion, exhibiting a positive growth of 5.60 per cent over the same period last year.

India’s overall exports (Merchandise and Services combined) in April-November 2022 is estimated to exhibit a positive growth of 17.72 per cent over the same period last year. As India’s domestic demand has remained steady amidst the global slump, overall imports in April-November 2022 is estimated to exhibit a growth of 29.47 per cent over the same period last year.

Trade during November 2022*

*Note: The latest data for services sector released by RBI is for October 2022. The data for November 2022 is an estimation, which will be revised based on RBI’s subsequent release. (ii) Data for April-November 2021 and April-June 2022 has been revised on pro-rata basis using quarterly balance of payments data.

The Complete Press Release can be accessed at: https://www.pib.gov.in/PressReleasePage.aspx?PRID=1883953

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