Merchandise Export Falls By 3.52% To $32.62 Bn In Sept 22: Govt Data
4 October, 2022 | Pranay Lad
India exported goods worth USD 32.62 billion in September 2022, a decline of 3.52 percent from USD 33.81 billion in September 2021.
According to the press release, India exported goods worth USD 229.05 billion from April to September 2022–23, a rise of 15.54 percent above USD 198.25 billion from April to September 2021–22.
Negative growth of just 7.25 percent above non-petroleum exports of USD 28.62 billion in September 2021, the value of non-petroleum exports in September 2022 was 26.54 USD billion. The value of non-petroleum exports increased from USD 169.67 billion in April-September 2021-22 to USD 179.17 billion in April-September 2022-23, a 5.6% rise.
Non-petroleum, non-gems, and non-jewelry exports were valued at USD 22.9 billion in September 2022, representing a decrease of 9.78% from non-petroleum, non-gems, and non-jewelry exports of USD 25.38 billion in September 2021.
The total value of exports of goods other than petroleum, gems, and jewellery from April through September 2022–23 was USD 158.68 billion, an increase of 5.53 percent from the total value of exports of goods other than petroleum, gems, and jewellery of USD 150.37 billion from April through September 2021–22.
India imported USD 59.35 billion worth of goods in September 2022, up 5.44 percent from USD 56.29 billion in September 2021, according to the release. India imported USD 378.53 billion worth of goods from April to September 2022–23, up 378.9 percent from USD 274.5 billion in the corresponding period the previous year.
A positive rise of 10.73% above non-petroleum imports of USD 39.51 billion in September 2021 brought the value of non-petroleum imports to USD 43.75 billion in September 2022. The total value of non-oil imports from April to September 2022–23 was USD 263.54 billion, a rise of 28.58% from the USD 204.97 billion in non-oil imports from April to September 2021–22.
A positive gain of 16.78% above non-oil and non-GJ imports of USD 31.26 billion in September 2021 brought the value of non-oil, non-GJ (gold, silver, & Precious metals) imports to USD 36.5 billion in September 2022. In comparison to non-oil and non-GJ imports of USD 165.7 billion in April–September 2021–22, non–oil and non–GJ (Gold, Silver & Precious Metals) imports in April–September 2022–23 were USD 222.78 billion, representing a positive rise of 34.45%.
The trade imbalance from April to September 2022–2023 was 149.47 billion USD, whereas it was 26.72 billion USD in September 2022. In comparison to the trade deficit of USD 28.68 billion in August 2022, the trade deficit in September 2022 decreased.
Read more: India Hands Over Indigenous Motorbikes To Lebanon As Part Of Bilateral Aid