Indian merchandise goods exports registers a growth of 15.54% in the first six months of financial year 2022-23

Tags: Economy/Finance

According to the data released by the Union Ministry of Commerce on 3 October 2022, the Indian merchandise export from India in the first six months (April-September) of the financial year 2022-23 was $229.05 billion. It registered a growth of 15.54% over the same time period last year 

The import of the merchandise goods during the first months (April-September) of the financial year 2022-23 was $ 378.53 billion with an increase of 37.89% as compared to the same period last year.

The trade deficit (Import-Export) in the first six months (April-September) of the financial year 2022-23 was 149.47 billion.

Merchandise export and import in 2021-22 

The total merchandise export from India in 2021-23 was a record $417.81 billion with a growth rate of 43.18% as compared to the last year.

India’s merchandise import in 2021-22 was $ 610.22 billion with an increase of 54.71% over the last year.

Top exported goods from India during the first six months (April-September) of the financial year 2022-23

 All figures are in million dollars (1 million = 10 lakhs)

Commodity

April-September 2022-23

Percentage in total merchandise export

Engineering goods     

54456.02

23.77%

Petroleum products

49889.66

21.78%

Gems and Jewellery

20484.36

8.94%

Organic and Inorganic chemicals  

15744.19

6.87%

Drugs and Pharmaceuticals

12580.51

5.49%

Electronic goods  

10192.88

4.45%


Top imported goods by India during first six months (April-September) of the financial year 2022-23

 All figures are million dollars.

Commodity 

April-September 2022-23

Percentage in total merchandise import

 Crude Petroleum oil and products , Crude & products

114982.23

30.38%

Electronic goods

39588.41

10.46%

Coal, Coke & Briquettes, etc.

30245.98

7.99%

Machinery, electrical & non-electrical

21790.35

5.76%

Gold

20077.82

5.30%


 

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