India’s overall exports (Merchandise and Services combined) in June 2022* are estimated to be USD 64.91 Billion, exhibiting a positive growth of 22.95 per cent over the same period last year. The overall exports (Merchandise and Services combined) in the 1st quarter of FY 22-23 (April-June 2022)* are estimated to be USD 189.93 Billion, exhibiting a positive growth of 25.16 per cent over the same period last.
The overall imports in June 2022* are estimated to be USD 82.42 Billion, exhibiting a positive growth of 55.72 per cent over the same period last year. In the 1st quarter of the FY22-23, the overall exports are estimated to be USD 235.11 Billion, exhibiting a positive growth of 49.41 per cent over the same period last year.
Table 1: Trade during June 2022*
|
June 2022 (USD Billion) |
June 2021
(USD Billion) |
Growth vis-à-vis June 2021 (%) | ||
| Merchandise | Exports | 40.13 | 32.49 |
23.52 |
|
Imports |
66.31 | 42.09 | 57.55 | |
| Trade Balance | -26.18 | -9.60 |
-172.72 |
|
|
Services* |
Exports |
24.77 | 20.30 | 22.04 |
| Imports | 16.11 | 10.84 |
48.62 |
|
|
Net of Services |
8.67 | 9.46 | -8.41 | |
| Overall Trade (Merchandise+Services) * | Exports | 64.91 | 52.79 |
22.95 |
|
Imports |
82.42 | 52.93 | 55.72 | |
| Trade Balance | -17.51 | -0.14 |
-12596.34 |
* Note: The latest data for services sector released by RBI is for May 2022. The data for June 2022 is an estimation, which will be revised based on RBI’s subsequent release. (ii) Data for April-June 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=1841477
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