According to India Import-Export Data and provisional figures issued by the Ministry of Commerce on Wednesday, February 2, 2022, India's goods exports increased by 23.69 percent to USD 34.06 billion in January, owing to strong performance in engineering, petroleum, and gems and jewelry.
India export data shows that India’s exports increased by 46.53 percent to USD 335.44 billion from April to January 2021-22, compared to USD 228.9 billion the previous year and USD 264.13 billion in 2019-20.
This is India's greatest yearly export total ever, and it was reached in just ten months this year, totaling roughly USD 336 billion.
Exports of engineering products increased by 24.13 percent
Engineering exports increased by 24.13 percent to $9.2 billion, petroleum exports increased by 74.73 percent to $3.73 billion, and gems and jewelry exports increased by 13.83 percent to $3.23 billion. In January, pharmaceutical exports were USD 2.05 billion based on India customs export trade data.
In January, non-petroleum exports increased to $30.33 billion
Data of India exports suggests that non-petroleum exports totaled USD 30.33 billion in January 2022, an increase of 19.4 percent over non-petroleum exports of USD 25.4 billion in January 2021, and Non-petroleum exports of USD 22.67 billion in January 2020 increased by 33.81 percent.
Non-petroleum exports were USD 287.84 billion in 2021-22 (April-January), a 37.59 percent raise over USD 209.19 billion in 2020-21, and a 25.8% increase over USD 228.8 billion in 2019-20.
Non-petroleum and non-gems and jewelry exports totaled USD 27.09 billion in January 2022, an increase of 20.1 percent over non-petroleum and non-gems and jewelry exports of USD 22.56 billion in January 2021 and a 36.92 percent increase over non-petroleum and non-gems and jewelry exports of USD 19.79 billion in January 2020.
The top five biggest export commodity categories in 2022 are:
● Engineering goods – $9.201 billion
● Petroleum products – $3.732 billion
● Gems and Jewelry – $3.236 billion
● Organic and Inorganic chemicals – $2.447 billion
● Drugs and Pharmaceuticals – $2.054 billion
What are the top export trading partner countries of India?
United Arab Emirates, United States, Netherlands, Australia, China, Nepal, Hong Kong, Germany, Singapore, and Saudi Arabia were the major export partner countries of India in 2021 according to India export data.
India exports by country | Value in INR | Year Reference |
China | Rs 115.08 Billion | December 2021 |
United States | Rs 513.70 Billion | December 2021 |
Netherlands | Rs 90.43 Billion | December 2021 |
Australia | Rs 75.38 Billion | December 2021 |
United Arab Emirates | Rs 195.67 Billion | December 2021 |
Germany | Rs 69.34 Billion | December 2021 |
Singapore | Rs 65.83 Billion | December 2021 |
Hong Kong | Rs 67.70 Billion | December 2021 |
Nepal | Rs 73.99 Billion | December 2021 |
Saudi Arabia | Rs 66.30 Billion | December 2021 |
India’s Trade Statistics of 2022
Stats Related | Value in USD ($) | Year Reference |
Total Exports | $33.81 Billion | February 2022 |
Total Imports | $55.01 Billion | February 2022 |
Trade Balance | $-21.19 Billion | February 2022 |
Current Account | $-9600 Million | February 2022 |
To get the latest updates on India’s Global Import And Export or to buy India customs import-export trade data, you can connect to us at Exim Trade Data as Exim offers top-notch, updated, real-time insights into the global and Indian trade markets.
The data allowed you to track the performance of your services and products as well as help you evaluate the overall demand for your products in the foreign trade markets.
India import-export trade data also assists businesses, traders, and manufacturers to locate and find new potential buyers and suppliers for their trade business in the overseas markets.
No comments:
Post a Comment