India’s merchandise export in February 2022 increases by 22.36% to USD 33.81 billion over USD 27.63 billion in February 2021
India’s merchandise export in April 2021-February 2022 rises by 45.80% to USD 374.05 billion over USD 256.55 billion in April 2020-February 2021
INDIA’S MERCHANDISE TRADE: Preliminary Data for February 2022
India’s merchandise export in February 2022 was USD 33.81 billion, an increase of 22.36% over USD 27.63 billion in February 2021 and an increase of 21.88% over USD 27.74 billion in February 2020.
India’s merchandise export in April 2021-February 2022 was USD 374.05 billion, an increase of 45.80% over USD 256.55 billion in April 2020-February 2021 and an increase of 28.16% over USD 291.87 billion in April 2019-February 2020.
India’s merchandise import in February 2022 was USD 55.01 billion, an increase of 34.99% over USD 40.75 billion in February 2021 and an increase of 45.12% over USD 37.90 billion in February 2020.
India’s merchandise import in April 2021-February 2022 was USD 550.12 billion, an increase of 59.21% over USD 345.54 billion in April 2020-February 2021 and an increase of 24.11% over USD 443.24 billion in April 2019-February 2020.
The trade deficit in February 2022 was USD 21.19 billion, while it was 176.07 billion USD during April 2021-February 2022.
| Statement 1: India’s Trade in Merchandise goods in February 2022 | |||||
| Value in Billion USD | % Growth | ||||
| Feb-22 | Feb-21 | Feb-20 | Feb-22 over Feb-21 | Feb-22 over Feb-20 | |
| Exports | 33.81 | 27.63 | 27.74 | 22.36 | 21.88 |
| Imports | 55.01 | 40.75 | 37.90 | 34.99 | 45.12 |
| Deficit | 21.19 | 13.12 | 10.16 | 61.59 | 108.56 |
| Statement 2: India’s Trade in Merchandise goods in Apr 2021-Feb 2022 | |||||
| Value in Billion USD | % Growth | ||||
| Apr21-Feb22 | Apr20-Feb21 | Apr19-Feb20 | Apr21-Feb 22 over Apr20-Feb 21 | Apr21-Feb 22 over Apr19-Feb 20 | |
| Exports | 374.05 | 256.55 | 291.87 | 45.80 | 28.16 |
| Imports | 550.12 | 345.54 | 443.24 | 59.21 | 24.11 |
| Deficit | 176.07 | 88.99 | 151.37 | 97.86 | 16.32 |
Value of non-petroleum exports in February 2022 was 29.70 USD billion, registering a positive growth of 18.04% over non-petroleum exports of USD 25.16 billion in February 2021 and a positive growth of 22.23% over non-petroleum exports of USD 24.30 billion in February 2020.
Value of non-petroleum imports was USD 39.96 billion in February 2022 with a positive growth of 26.0% over non-petroleum imports of USD 31.72 billion in February 2021 and a positive growth of 47.33% over non-petroleum imports of USD 27.12 billion in February 2020.
| Statement 3: Merchandise Non-POL Trade in February 2022 | |||||
| Value in Billion USD | % Growth | ||||
| Feb-22 | Feb-21 | Feb-20 | Feb-22 over Feb-21 | Feb-22 over Feb-20 | |
| Exports | 29.70 | 25.16 | 24.30 | 18.04 | 22.23 |
| Imports | 39.96 | 31.72 | 27.12 | 26.00 | 47.33 |
The cumulative value of non-petroleum exports in April 2021-February 2022 was USD 319.09 billion, an increase of 36.16% over USD 234.36 billion in April 2020-February 2021 and an increase of 26.07% over USD 253.10 billion in April 2019-February 2020.
The cumulative value of non-petroleum imports in April 2021-Feb 2022 was USD 408.63 billion, showing an increase of 49.61% compared to non-oil imports of USD 273.12 billion in April 2020-Feb 2021 and an increase of 26.61% compared to non-oil imports of USD 322.74 billion in April 2019-Feb 2020.
| Statement 4: Merchandise Non-POL Trade Apr 2021-Feb 2022 | |||||
| Value in Billion USD | % Growth | ||||
| Apr21-Feb22 | Apr20-Feb21 | Apr19-Feb20 | Apr21-Feb 22 over Apr20-Feb 21 | Apr21-Feb 22 over Apr19-Feb 20 | |
| Exports | 319.09 | 234.36 | 253.10 | 36.16 | 26.07 |
| Imports | 408.63 | 273.12 | 322.74 | 49.61 | 26.61 |
Value of non-petroleum and non-gems and jewellery exports in February 2022 was USD 26.60 billion, registering a positive growth of 18.31% over non-petroleum and non-gems and jewellery exports of USD 22.48 billion in February 2021 and a positive growth of 24.98% over non-petroleum and non-gems and jewellery exports of USD 21.28 billion in February 2020.
Value of non-oil, non-GJ (gold, silver & Precious metals) imports was USD 31.61 billion in February 2022 with a positive growth of 31.66% over non-oil and non-GJ imports of USD 24.01 billion in Feb 2021 and a positive growth of 42.31% over non-oil and non-GJ imports of USD 22.21 billion in Feb 2020.
| Statement 5: Merchandise Non-POL Non-GJ Trade in February 2022 | |||||
| Value in Billion USD | % Growth | ||||
| Feb-22 | Feb-21 | Feb-20 | Feb-22 over Feb-21 | Feb-22 over Feb-20 | |
| Exports | 26.60 | 22.48 | 21.28 | 18.31 | 24.98 |
| Imports | 31.61 | 24.01 | 22.21 | 31.66 | 42.31 |
The cumulative value of non-petroleum and non-gems and jewellery exports in April 2021-February 2022 was USD 283.83 billion, an increase of 33.92% over cumulative value of non-petroleum and non-gems and jewellery exports of USD 211.95 billion in April 2020-February 2021 and an increase of 29.47% over cumulative value of non-petroleum and non-gems and jewellery exports of USD 219.22 billion in April 2019-February 2020.
Non-oil, non-GJ (Gold, Silver & Precious Metals) imports was USD 332.85 billion in April 2021-February 2022, recording a positive growth of 44.78%, as compared to non-oil and non-GJ imports of USD 229.89 billion in April 2020-February 2021 and a positive growth of 22.35% over USD 272.05 billion in April 2019-February 2020.
| Statement 6: Merchandise Non-POL Non-GJ Trade Apr 2021-Feb 2022 | |||||
| Value in Billion USD | % Growth | ||||
| Apr21-Feb22 | Apr20-Feb21 | Apr19-Feb20 | Apr21-Feb 22 over Apr20-Feb 21 | Apr21-Feb 22 over Apr19-Feb 20 | |
| Exports | 283.83 | 211.95 | 219.22 | 33.92 | 29.47 |
| Imports | 332.85 | 229.89 | 272.05 | 44.78 | 22.35 |
Top 10 major commodity groups covering 80% of total exports in February 2022 are as follows:
| Statement 7: Exports of Top 10 Major Commodity Groups in February 2022 | ||||
| Value of Export (Million US$) | Share (%) | Growth (%) | ||
| Major Commodity Group | Feb-22 | Feb-21 | Feb-22 | Feb-22 over Feb-21 |
| Engineering goods | 9272.37 | 7059.91 | 27.42 | 31.34 |
| Petroleum products | 4109.38 | 2471.16 | 12.15 | 66.29 |
| Gems and Jewellery | 3105.59 | 2682.08 | 9.18 | 15.79 |
| Organic and Inorganic chemicals | 2407.81 | 1930.21 | 7.12 | 24.74 |
| Drugs and Pharmaceuticals | 1938.79 | 2001.44 | 5.73 | -3.13 |
| RMG of all Textiles | 1598.64 | 1348.55 | 4.73 | 18.54 |
| Electronic goods | 1477.76 | 1104.69 | 4.37 | 33.77 |
| Cotton Yarn/Fabs./Madeups, Handloom products etc. | 1258.88 | 947.64 | 3.72 | 32.84 |
| Rice | 920.67 | 918.94 | 2.72 | 0.19 |
| Plastic and Linoleum | 793.34 | 631.19 | 2.35 | 25.69 |
| Total of 10 Major Commodity Groups | 26883.24 | 21095.80 | 79.51 | 27.43 |
| Rest | 6928.61 | 6537.45 | 20.49 | 5.98 |
| Total Exports | 33811.86 | 27633.25 | 100.00 | 22.36 |
Top 10 major commodity groups covering 78% of total imports in February 2022 are as follows:
| Statement 8: Imports of Top 10 Major Commodity Groups in February 2022 | ||||
| Import (Million US$) | Share (%) | Growth (%) | ||
| Major Commodity Group | Feb-22 | Feb-21 | Feb-22 | Feb-22 over Feb-21 |
| Petroleum, Crude & products | 15042.44 | 9031.45 | 27.35 | 66.56 |
| Electronic goods | 6244.93 | 4843.82 | 11.35 | 28.93 |
| Gold | 4684.79 | 5290.40 | 8.52 | -11.45 |
| Machinery, electrical & non-electrical | 3612.66 | 3184.00 | 6.57 | 13.46 |
| Pearls, precious & Semi-precious stones | 3186.03 | 2408.50 | 5.79 | 32.28 |
| Coal, Coke & Briquettes, etc. | 2860.20 | 1318.11 | 5.20 | 116.99 |
| Organic & Inorganic Chemicals | 2434.07 | 2039.23 | 4.43 | 19.36 |
| Artificial resins, plastic materials, etc. | 1704.53 | 1458.36 | 3.10 | 16.88 |
| Fertilisers, Crude & manufactured | 1670.20 | 224.57 | 3.04 | 643.73 |
| Iron & Steel | 1603.74 | 1239.36 | 2.92 | 29.40 |
| Total of 10 Major Commodity Groups | 43043.59 | 31037.80 | 78.25 | 38.68 |
| Rest | 11961.83 | 9710.85 | 21.75 | 23.18 |
| Total Imports | 55005.42 | 40748.65 | 100.00 | 34.99 |
Top 10 major commodity groups covering 80% of total exports in April 2021 –Feb 2022 are as follows:
| Statement 9: Exports of Top 10 Major Commodity Groups in April 2021-February 2022 | ||||
| Value of Export (Million US$) | Share (%) | Growth (%) | ||
| Major Commodity Group | Apr21-Feb22 | Apr20-Feb21 | Apr21-Feb22 | Apr21-Feb22 over Apr20-Feb21 |
| Engineering goods | 100927.31 | 67421.24 | 26.98 | 49.70 |
| Petroleum products | 54958.67 | 22195.00 | 14.69 | 147.62 |
| Gems and Jewellery | 35258.63 | 22409.82 | 9.43 | 57.34 |
| Organic and Inorganic chemicals | 26470.62 | 19799.60 | 7.08 | 33.69 |
| Drugs and Pharmaceuticals | 22185.08 | 22148.98 | 5.93 | 0.16 |
| RMG of all Textiles | 14273.26 | 10846.26 | 3.82 | 31.60 |
| Cotton Yarn/Fabs./Madeups, Handloom products etc. | 13949.35 | 8722.84 | 3.73 | 59.92 |
| Electronic goods | 13838.07 | 9692.61 | 3.70 | 42.77 |
| Plastic and Linoleum | 8961.25 | 6743.31 | 2.40 | 32.89 |
| Rice | 8617.48 | 7712.67 | 2.30 | 11.73 |
| Total of 10 Major Commodity Groups | 299439.72 | 197692.35 | 80.05 | 51.47 |
| Rest | 74610.74 | 58859.53 | 19.95 | 26.76 |
| Total Exports | 374050.47 | 256551.88 | 100.00 | 45.80 |
Top 10 major commodity groups covering 77% of total imports in April 2021 -Feb 2022 are as follows:
| Statement 10: Imports of Top 10 Major Commodity Groups in April 2021-February 2022 | ||||
| Import (Million US$) | Share (%) | Growth (%) | ||
| Major Commodity Group | Apr21-Feb22 | Apr20-Feb21 | Apr21-Feb22 | Apr21-Feb22 over Apr20-Feb21 |
| Petroleum, Crude & products | 141486.97 | 72412.48 | 27.35 | 95.39 |
| Electronic goods | 64745.48 | 48423.77 | 11.35 | 33.71 |
| Gold | 45033.98 | 26110.24 | 8.52 | 72.48 |
| Machinery, electrical & non-electrical | 36392.76 | 26570.80 | 6.57 | 36.97 |
| Pearls, precious & Semi-precious stones | 27595.98 | 16340.69 | 5.79 | 68.88 |
| Organic & Inorganic Chemicals | 27498.42 | 17722.78 | 4.43 | 55.16 |
| Coal, Coke & Briquettes, etc. | 27120.61 | 14538.79 | 5.20 | 86.54 |
| Artificial resins, plastic materials, etc. | 18238.74 | 11790.09 | 3.10 | 54.70 |
| Transport equipment | 18211.83 | 16438.43 | 2.22 | 10.79 |
| Vegetable Oil | 17240.22 | 10012.30 | 2.47 | 72.19 |
| Total of 10 Major Commodity Groups | 423564.98 | 260360.38 | 77.00 | 62.68 |
| Rest | 126552.82 | 85176.63 | 23.00 | 48.58 |
| Total Imports | 550117.80 | 345537.01 | 100.00 | 59.21 |
Source: DGCI&S
***