Exports at $192.59 bn; imports at $317.81 bn
BBN Bureau
NEW DELHI/September 03-2022: India’s trade deficit for the April-August period of the current financial year has more than doubled to $125.22 billion (Rs9.98 trillion) from $53.78 billion for the same period in the previous year, according to an official release on September 3.
While India’s merchandise exports for the April-August period of the current financial year (FY23) were at $192.59 billion (Rs15.35 trillion) with an increase of 17.1 per cent over $164.44 billion in April-August 2021-22, imports for the same period were at $317.81 billion with an increase of 45.64 per cent over $218.22 billion in April -August 2021-22.
India has achieved merchandise export of $33 billion in August 2022, almost at similar levels of $33.38 billion in August 2021.
Value of non-petroleum exports in August 2022 was $28.09 billion, registering a negative growth of 2.22 per cent over non-petroleum exports of $28.73 billion in August 2021.
The value of non-petroleum exports in April -August 2022-23 was $152.29 billion, an increase of 7.97 per cent over $141.05 billion in April -August 2021-22.
Value of non-petroleum and non-gems and jewellery exports in August 2022 was $24.8 billion, registering a negative growth of 1.96 per cent over non-petroleum and non-gems and jewellery exports of $25.29 billion in August 2021.
The cumulative value of non-petroleum and non-gems and jewellery exports in April-August 2022–23 was $135.49 billion, an increase of 8.4 per cent over cumulative value of non-petroleum and non-gems and jewellery exports of $124.99 billion in April -August 2021–22.
Electronic goods exports grow 50.68 pc
Amongst the major products, exports of electronic goods registered an impressive growth of 50.68 per cent during August whereas exports of rice grew at 42.32 per cent, organic and Inorganic chemicals exports grew at 13.35 per cent during the same month.
India’s merchandise import in August 2022 was $61.68 billion, an increase of 36.78 per cent over $45.09 billion in August 2021.
Value of non-petroleum imports was $44.07 billion in August 2022 with a positive growth of 23.63 per cent over non-petroleum imports of $35.65 billion in August 2021.
The cumulative value of non-petroleum imports in April-August 2022–23 was $218.44 billion, showing an increase of 32.02 per cent compared with non-oil imports of $165.46 billion in April -August 2021–22.
