India's Merchandise Export In January Rises By 23.69 Per Cent To $34.06 Billion

India's merchandise export in January 2022 increased by 23.69 per cent to $34.06 billion over $27.54 billion in the same month last year, registering an increase of 31.75 per cent over $25.85 billion in January 2020.

The merchandise export in April-January 2021-22 rose by 46.53 per cent to $335.44 billion over $228.9 billion in the same period last fiscal and marking an increase of 27 per cent over $264.13 billion in 2019-20 (April-January).

Meanwhile, India’s merchandise import in January 2022 was $52.01 billion, an increase of 23.74 per cent over $42.03 billion in January 2021 and an increase of 26.38 per cent over $ 41.15 billion in January 2020, the Commerce Ministry said in a release on Tuesday (1 February).

The merchandise import in April-January 2021-22 was $495.83 billion, an increase of 62.68 per cent over $304.79 billion in 2020-21 (April-January) and an increase of 22.3 per cent over $405.33 billion in 2019-20 (April-January).

The trade deficit in January 2022 was $17.94 billion, while it was $160.38 billion during 2021-22 (April-January).

The value of non-petroleum exports in January 2022 was $30.33 billion, registering a positive growth of 19.4 per cent over non-petroleum exports of $25.4 billion in January 2021 and a positive growth of 33.81 per cent over non-petroleum exports of $22.67 billion in January 2020, the ministry said.

Meanwhile, the value of non-petroleum imports was $40.57 billion in January 2022 with a positive growth of 24.44 per cent over non-petroleum imports of $32.61 billion in January 2021 and a positive growth of 44.19 per cent over non-petroleum imports of $28.14 billion in January 2020.