Ministry of Commerce & Industry
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India’s overall exports in September 2022 estimated to be USD 61.10 Billion, exhibiting a growth of 10.24 per cent over the same period last year


India’s overall exports in April-September 2022 estimated to be USD 382.31 Billion, exhibiting a  growth of 21.03 per cent over the same period last year

Estimated value of services export for September 2022 is USD 25.65 Billion, exhibiting a growth of 18.72 per cent vis-a-vis September 2021 (USD 21.61 Billion)

INDIA’S FOREIGN TRADE: September 2022

Posted On: 14 OCT 2022 7:31PM by PIB Delhi
  • 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.

Fig 2: Overall Trade during April-September 2022*

MERCHANDISE TRADE

  • Merchandise exports in September 2022 were USD 35.45 Billion, as compared to USD 33.81 Billion in September 2021, exhibiting a positive growth of 4.82 per cent.
  • Merchandise imports in September 2022 were USD 61.16 Billion, which is an increase of 8.66 per cent over imports of USD 56.29 Billion in September 2021.
  • The merchandise trade deficit in September 2022 was estimated at USD 25.71 Billion as against USD 22.47 Billion in September 2021, which is an increase of 14.42 per cent.

Fig 3: Merchandise Trade during September 2022

  • Merchandise exports for the period April-September 2022 were USD 231.88 Billion as against USD 198.25 Billion during the period April-September 2021, registering a positive growth of 16.96 per cent.
  • Merchandise imports for the period April-September 2022 were USD 380.34 Billion as against USD 274.50 Billion during the period April-September 2021, registering a positive growth of 38.55 per cent.
  • The merchandise trade deficit for April-September 2022 was estimated at USD 148.46 Billion as against USD 76.25 Billion in April-September 2021, which is an increase of 94.69 per cent.

Fig 4: Merchandise Trade during April-September 2022

  • Non-petroleum and non-gems & jewellery exports in September 2022 were USD 24.22 Billion, registering a negative growth of (-) 4.58 per cent over non-petroleum and non-gems & jewellery exports of USD 25.38 Billion in September 2021.
  • Non-petroleum, non-gems & jewellery (gold, silver & precious metals) imports were USD 37.71 Billion in September 2022 with a positive growth of 20.64 per cent over Non-petroleum, non-gems & jewellery imports of USD 31.26 Billion in September 2021.

Table 3: Trade excluding Petroleum and Gems & Jewellery during September 2022

 

September 2022

(USD Billion)

September 2021

(USD Billion)

Growth vis-à-vis September 2021 (%)

Non- petroleum exports

28.02

28.62

-2.11

Non- petroleum imports

45.28

39.51

14.62

Non-petroleum & Non Gems & Jewellery exports

24.22

25.38

-4.58

Non-petroleum & Non Gems & Jewellery imports

37.71

31.26

20.64

Note: Gems & Jewellery Imports include Gold, Silver & Pearls, precious & Semi-precious stones

 

Fig 5: Trade excluding Petroleum and Gems & Jewellery during September 2022

  • Non-petroleum and non-gems & jewellery exports during April-September 2022 was USD 160.00 Billion, an increase of 6.41 per cent over non-petroleum and non-gems & jewellery exports of USD 150.37 Billion in April-September 2021.
  • Non-petroleum, non-gems & jewellery (gold, silver & precious metals) imports were USD 223.99 Billion in April-September 2022, recording a positive growth of 35.18 per cent, as compared to Non-petroleum, non-gems & jewellery imports of USD 165.70 Billion in April-September 2021.

Table 4: Trade excluding Petroleum and Gems & Jewellery during April-September 2022

 

April-September 2022

(USD Billion)

April-September 2021

(USD Billion)

Growth vis-à-vis April-September 2021 (%)

Non- petroleum exports

180.64

169.67

6.47

Non- petroleum imports

265.08

204.97

29.33

Non-petroleum & Non Gems & Jewellery exports

160.00

150.37

6.41

Non-petroleum & Non Gems & Jewellery imports

223.99

165.70

35.18

Note: Gems & Jewellery Imports include Gold, Silver & Pearls, precious & Semi-precious stones

Fig 6: Trade excluding Petroleum and Gems & Jewellery during April-September 2022

SERVICES TRADE

  • The estimated value of services export for September 2022* is USD 25.65 Billion, exhibiting a positive growth of 18.72 per cent vis-a-vis September 2021 (USD 21.61 Billion).
  • The estimated value of services import for September 2022* is USD 15.10 Billion exhibiting a positive growth of 20.00 per cent vis-à-vis September 2021 (USD 12.58 Billion).
  • The services trade balance in September 2022* is estimated at USD 10.56 Billion, which is an increase of 16.94 per cent over September 2021 (USD 9.03 Billion).

Fig 7: Services Trade during September 2022*

 

  • The estimated value of services export for April-September 2022* is USD 150.43 Billion, exhibiting a positive growth of 27.88 per cent vis-a-vis April-September 2021 (USD 117.63 Billion).
  • The estimated value of services imports for April-September 2022* is USD 89.13 Billion exhibiting a positive growth of 34.54 per cent vis-à-vis April-September 2021 (USD 66.25 Billion).
  • The services trade balance for April-September 2022* is estimated at USD 61.30 Billion as against USD 51.39 Billion in April-September 2021, which is an increase of 19.30 per cent.

Fig 8: Services Trade during April-September 2022*

 

Table 5: Export Growth in Commodity Groups in September 2022

Sl. No.

Commodities

(Values in Million USD)

% Change

SEP'21

SEP'22

SEP'22

 

Commodity groups exhibiting positive growth

1

Electronic Goods

1168.11

2009.07

71.99

2

Tobacco

77.23

125.24

62.16

3

Petroleum Products

5195.49

7429.84

43.01

4

Oil seeds

50.32

59.11

17.47

5

Gems & Jewellery

3235.20

3793.85

17.27

6

Coffee

82.75

94.24

13.89

7

Fruits & Vegetables

235.26

266.08

13.10

8

Tea

77.52

85.91

10.82

9

Leather & leather products

384.83

419.37

8.98

10

Cereal preparations & miscellaneous processed items

180.36

194.15

7.65

11

Mica, Coal & Other Ores, Minerals including processed minerals

397.28

426.32

7.31

12

Drugs & Pharmaceuticals

2055.40

2196.32

6.86

13

Spices

309.94

330.46

6.62

14

Marine Products

678.44

720.98

6.27

15

Organic & Inorganic Chemicals

2373.29

2443.50

2.96

16

Rice

779.81

792.50

1.63

17

Oil Meals

62.09

62.26

0.27

Sl. No.

Commodities

(Values in Million USD)

% Change

SEP'21

SEP'22

SEP'22

 

Commodity Groups exhibiting negative growth

18.

Iron Ore

82.59

2.72

-96.71

19

Cotton Yarn/Fabs./made-ups, Handloom Products etc.

1310.49

799.57

-38.99

20

Cashew

36.66

22.71

-38.05

21

Handicrafts excl. handmade carpet

184.95

123.75

-33.09

22

Carpet

157.83

105.95

-32.87

23

Other cereals

72.56

52.91

-27.08

24

RMG of all Textiles

1301.11

1066.18

-18.06

25

Jute Mfg. including Floor Covering

40.96

34.36

-16.11

26

Ceramic products & glassware

274.09

240.63

-12.21

27

Plastic & Linoleum

752.48

660.66

-12.20

28

Man-made Yarn/Fabs./made-ups etc.

455.84

400.96

-12.04

29

Engineering Goods

9417.37

8395.49

-10.85

30

Meat, dairy & poultry products

348.88

334.04

-4.25

 

Table 6: Import Growth in Commodity Groups in September 2022

Sl. No.

Commodities

(Values in Million USD)

% Change

SEP'21

SEP'22

SEP'22

 

Commodity Groups exhibiting positive growth

1

Cotton Raw & Waste

44.02

317.30

620.81

2

Silver

559.77

1054.09

88.31

3

Transport equipment

1764.76

2921.76

65.56

4

Pulp and Waste paper

111.09

182.79

64.54

5

Coal, Coke & Briquettes, etc.

2189.06

3520.48

60.82

6

Fertilisers, Crude & manufactured

1201.17

1780.86

48.26

7

Leather & leather products

65.75

96.18

46.28

8

Iron & Steel

1347.81

1876.53

39.23

9

Textile yarn Fabric, made-up articles

166.47

219.68

31.96

10

Newsprint

36.19

46.83

29.40

11

Professional instrument, Optical goods, etc.

459.75

584.70

27.18

12

Wood &  Wood products

484.93

582.85

20.19

13

Machinery, electrical & non-electrical

3192.32

3720.63

16.55

14

Artificial resins, plastic materials, etc.

1651.45

1843.74

11.64

15

Chemical material & products

878.97

961.68

9.41

16

Electronic goods

6882.58

7142.53

3.78

17

Pearls, precious & Semi-precious stones

2571.63

2658.51

3.38

18

Non-ferrous metals

1460.87

1504.32

2.97

19

Organic & Inorganic Chemicals

2485.79

2495.63

0.40

Sl. No.

Commodities

(Values in Million USD)

% Change

SEP'21

SEP'22

SEP'22

 

Commodity Groups exhibiting negative growth

20

Sulphur & Unroasted Iron Pyrites

55.13

38.38

-30.38

21

Gold

5115.76

3856.32

-24.62

22

Pulses

195.65

158.46

-19.01

23

Machine tools

439.56

369.29

-15.99

24

Metaliferrous ores & other minerals

839.56

745.75

-11.17

25

Dyeing/tanning/colouring materials

346.08

313.09

-9.53

26

Project goods

65.38

59.45

-9.07

27

Medicinal & Pharmaceutical products

637.83

601.11

-5.76

28

Petroleum, Crude & products

16779.20

15875.96

-5.38

29

Fruits & vegetables

222.99

217.91

-2.28

30

 Vegetable Oil

1999.92

1958.66

-2.06

 

Table 7: MERCHANDISE TRADE

 

EXPORTS & IMPORTS: (Rs. Crore)

(PROVISIONAL)

 

SEPTEMBER

APRIL-SEPTEMBER

EXPORTS (including re-exports)

 

 

2021-22

2,48,751.78

14,65,718.25

2022-23

2,84,384.30

18,18,827.25

%Growth 2022-23/2021-22

14.32

24.09

IMPORTS

 

 

2021-22

4,14,062.06

20,29,601.74

2022-23

4,90,683.85

29,86,137.05

%Growth 2022-23/2021-22

18.50

47.13

TRADE BALANCE

 

 

2021-22

-1,65,310.28

-5,63,883.49

2022-23

-2,06,299.55

-11,67,309.79

 

Table 8: SERVICES TRADE

EXPORTS & IMPORTS (SERVICES) : (US $ Billion)

(PROVISIONAL)

August 2022

April-August 2022

EXPORTS (Receipts)

25.42

124.78

IMPORTS (Payments)

15.08

74.03

TRADE BALANCE

10.34

50.75

 

 

 

EXPORTS & IMPORTS (SERVICES): (Rs. Crore)

(PROVISIONAL)

August 2022

April-August 2022

EXPORTS (Receipts)

2,02,196.99

9,75,056.64

IMPORTS (Payments)

1,19,968.94

5,78,544.47

TRADE BALANCE

82,228.05

3,96,512.17

Source: RBI Press Release dated 3rd October 2022

 

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