India's Overall Exports Rise By 23 Per Cent Year-On-Year To $64.91 Billion In June

India’s overall exports (Merchandise and Services combined) in June 2022 are estimated to be $64.91 billion, exhibiting a positive growth of 22.95 per cent over the same period last year, an official release said on Thursday (14 July).

The overall exports (Merchandise and Services combined) in the first quarter of FY 22-23 (April-June 2022) are estimated to be $189.93 billion, exhibiting a positive growth of 25.16 per cent over the same period last year, the Commerce Ministry said in a release.

The merchandise exports in June 2022 were $40.13 billion, as compared to $32.49 billion in June 2021, exhibiting a positive growth of 23.52 per cent.

The estimated value of services export for June 2022 is $24.77 billion, exhibiting a positive growth of 22.04 per cent vis-a-vis June 2021 ($20.30 billion), the ministry said.

The overall imports in June 2022 are estimated to be USD 82.42 Billion, exhibiting a positive growth of 55.72 per cent over the same period last year. In the first quarter of the FY22-23, the overall exports are estimated to be $235.11 billion, exhibiting a positive growth of 49.41 per cent over the same period last year.

The merchandise imports for the period April-June 2022 were $189.76 billion as against $126.96 billion during the period April-June 2021, registering a positive growth of 49.47 per cent.

The estimated value of services import for June 2022 is $16.11 Billion exhibiting a positive growth of 48.62 per cent vis-à-vis June 2021 ($10.84 billion).

The overall trade deficit for June 2022 is estimated to be standing at $26.18 billion.