India’s overall exports (Merchandise and Services combined) in April-December 2022 is estimated to exhibit a positive growth of 16.11 per cent over the same period last year (April-December 2021). As India’s domestic demand has remained steady amidst the global slump, overall imports in April-December 2022 is estimated to exhibit a growth of 25.55 per cent over the same period last year.
India’s overall export (Merchandise and Services combined) of USD 61.82 Billion in December 2022. The exports exhibited a negative growth of (-) 5.26 per cent over the same period last year. Overall import in December 2022* is estimated to be USD 73.80 Billion, exhibiting a negative growth of (-) 1.95 per cent over the same period last year.
Trade during December 2022*
|
|
December 2022
(USD Billion) |
December 2021
(USD Billion) |
|
| Merchandise | Exports | 34.48 |
39.27 |
|
Imports |
58.24 | 60.33 | |
| Services* | Exports | 27.34 |
25.98 |
|
Imports |
15.56 | 14.94 | |
|
Overall Trade (Merchandise +Services) * |
Exports | 61.82 |
65.25 |
|
Imports |
73.80 | 75.27 | |
| Trade Balance | -11.98 |
-10.02 |
* Note: The latest data for services sector released by RBI is for November 2022. The data for December 2022 is an estimation, which will be revised based on RBI’s subsequent release. (ii) Data for April-December2021 and April-September 2022 has been revised on pro-rata basis using quarterly balance of payments data.
The Press Release can be accessed at: https://www.pib.gov.in/PressReleasePage.aspx?PRID=1891626