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
(USD Billion) |
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* |
Exports |
23.54 | 20.45 | 15.12 |
| Imports | 13.94 | 11.87 |
17.47 |
|
|
Net of Services |
9.60 | 8.59 | 11.86 | |
| Overall Trade (Merchandise+
Services) * |
Exports | 57.47 | 53.83 |
6.75 |
|
Imports |
75.84 | 56.96 | 33.15 | |
| Trade Balance | -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.
The Complete Press Release can be accessed at: https://www.pib.gov.in/PressReleasePage.aspx?PRID=1859234
GST Course (With Recording Available) on:
Scrutiny Notices, Assessment, Audit, Inspection, Search, Seizure and Arrest under GST by CA. Bimal Jain
4 Day | 4 Session | 12 Hours
2,999/- (Inclusive of GST)
Register Now !!
https://www.a2ztaxcorp.in/product/gst-course-new/
For details, or any queries,
Call us at: 8076563802, 011 42427056 or E-Mail us at: info@a2ztaxcorp.com, intern@a2ztaxcorp.com or Visit: www.a2ztaxcorp.in