India’s overall exports (Merchandise and Services combined) in July 2022* are estimated to be USD 61.18 Billion, exhibiting a positive growth of 11.51 per cent over the same period last year. Overall imports in July 2022* are estimated to be USD 82.22 Billion, exhibiting a positive growth of 42.90 per cent over the same period last year.
Trade during July 2022*
| July 2022
(USD Billion) |
July 2021
(USD Billion) |
Growth vis-à-vis July 2021 (%) |
||
|
Merchandise |
Exports | 36.27 | 35.51 | 2.14 |
| Imports | 66.27 | 46.15 |
43.61 |
|
|
Trade Balance |
-30.00 | -10.63 | -182.10 | |
| Services* | Exports | 24.91 | 19.36 |
28.69 |
|
Imports |
15.95 | 11.39 | 40.02 | |
| Net of Services | 8.96 | 7.97 |
12.49 |
|
|
Overall Trade (Merchandise+ Services) * |
Exports | 61.18 | 54.87 |
11.51 |
|
Imports |
82.22 | 57.54 | 42.90 | |
| Trade Balance | -21.04 | -2.67 |
-688.49 |
* Note: The latest data for services sector released by RBI is for June 2022. The data for July 2022 is an estimation, which will be revised based on RBI’s subsequent release. (ii) Data for April-July 2021 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=1851309
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