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
(USD Billion) |
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* | Exports | 25.65 | 21.61 |
18.72 |
|
Imports |
15.10 | 12.58 | 20.00 | |
| Net of Services | 10.56 | 9.03 |
16.94 |
|
|
Overall Trade (Merchandise+Services) * |
Exports | 61.10 | 55.42 | 10.24 |
| Imports | 76.26 | 68.87 |
10.73 |
|
|
Trade Balance |
-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*
India’s overall exports (Merchandise and Services combined) in April-September 2022* are estimated to be USD 382.31 Billion, exhibiting a positive growth of 21.03 per cent over the same period last year. Overall imports in April-September 2022* are estimated to be USD 469.47 Billion, exhibiting a positive growth of 37.77 per cent over the same period last year.
Table 2: Trade during April-September 2022*
| April-September 2022
(USD Billion) |
April-September 2021
(USD Billion) |
Growth vis-à-vis April-September 2021 (%) | ||
| Merchandise | Exports | 231.88 | 198.25 |
16.96 |
|
Imports |
380.34 | 274.50 | 38.55 | |
| Trade Balance | -148.46 | -76.25 |
-94.69 |
|
|
Services* |
Exports |
150.43 | 117.63 | 27.88 |
| Imports | 89.13 | 66.25 |
34.54 |
|
|
Net of Services |
61.30 | 51.39 | 19.30 | |
| Overall Trade (Merchandise+Services) * | Exports | 382.31 | 315.89 |
21.03 |
|
Imports |
469.47 | 340.75 | 37.77 | |
| Trade Balance | -87.16 | -24.86 |
-250.51 |
* 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.
The Complete Press Release can be accessed at: https://www.pib.gov.in/PressReleasePage.aspx?PRID=1867868
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