Exports rise by 15.46% at $37.3 bn as petroleum products, electronics, and readymade garments take lead

New Delhi, June 3 (KNN) India has recorded USD 37.29 billion merchandise export in May 2022 marking an increase of 15.46 per cent as compared to USD 32.30 billion in May 2021. Petroleum products (52.71 per cent), Electronic goods (41.46 per cent) and RMG of all Textiles (22.94 per cent) led the way in high increase in exports during May 2022.

The trade deficit in May 2022 was USD 23.33 billion, while it was 43.73 billion USD during April -May 2022-23, as per the preliminary trade data released by Ministry of Commerce.

Registering a positive growth of 8.13 per cent over non-petroleum exports of USD 26.99 billion in May 2021, value of non-petroleum exports in May 2022 was 29.18 USD billion.

The cumulative value of non-petroleum exports in April -May 2022-23 was USD 61.09 billion, an increase of 12.9 per cent over USD 54.11 billion in April -May 2021-22.

Value of non-petroleum and non-gems and jewellery exports in May 2022 was USD 26.08 billion, registering a positive growth of 8.57 per cent over non-petroleum and non-gems and jewellery exports of USD 24.02 billion in May 2021.

The cumulative value of non-petroleum and non-gems and jewellery exports in April -May 2022-23 was USD 54.52 billion, an increase of 14.15 per cent over cumulative value of non-petroleum and non-gems and jewellery exports of USD 47.76 billion in April -May 2021-22.

India’s merchandise import in May 2022 was USD 60.62 billion, an increase of 56.14 per cent over USD 38.83 billion in May 2021.

Value of non-petroleum imports was USD 42.48 billion in May 2022 with a positive growth of 44.7 per cent over non-petroleum imports of USD 29.36 billion in May 2021.

The cumulative value of non-petroleum imports in April -May 2022-23 was USD 82.55 billion, showing an increase of 27.72 per cent compared to non-oil imports of USD 64.63 billion in April -May 2021-22.

Value of non-oil, non-GJ (gold, silver & Precious metals) imports was USD 33.61 billion in May 2022 with a positive growth of 27.2 per cent over non-oil and non-GJ imports of USD 26.42 billion in May 2021. Non-oil, non-GJ (Gold, Silver & Precious Metals) imports in April -May 2022-23 was USD 69.25 billion, recording a positive growth of 30.71 per cent, as compared to non-oil and non-GJ imports of USD 52.97 billion in April -May 2021-22.  (KNN Bureau)