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Business EconomyPosted at: Aug 12 2022 7:21PM


India's merchandise exports up 2.14 pc in July, trade deficit zooms to $30 billion

New Delhi, August 12 (UNI) Driven by major commodity groups such as electronics goods, petroleum products and chemicals, India's merchandise exports grew 2.14% year-on-year in July 2022 to $36.27 billion as compared to $35.51 billion in July 2021.
As per data released by Commerce Ministry on Friday, the country's merchandise imports in July 2022 surged 43.61% year-on-year to $66.27 billion as compared to imports of $46.15 billion in July 2021.
The merchandise trade deficit in July 2022 stood at $30 billion as against $10.63 billion in July 2021, a jump of 182.10%.
The data showed that non-petroleum and non-gems & jewellery exports in July 2022 were $26.62 billion, registering a positive growth of 1.55% over non-petroleum and non-gems & jewellery exports of $26.21 billion in July 2021.
"Non-petroleum, non-gems & jewellery (gold, silver & precious metals) imports were USD 38.45 Billion in July 2022 with a positive growth of 42.91 per cent over Non-petroleum, non-gems & jewellery imports of USD 26.90 Billion in July 2021," the official media release said.
India’s overall exports (merchandise and services combined) in July 2022 are estimated to be $61.18 billion, exhibiting a positive growth of 11.51% over the same period last year.
Overall imports in July 2022 are estimated to be $82.22 billion, exhibiting a positive growth of 42.90% year-on-year.
As per the official data, India’s overall exports (merchandise and services combined) in April-July 2022 are estimated to be $253.84 billion, a positive growth of 22.85% over the same period last year. Overall imports in April-July 2022 are estimated to be $317.40 billion, exhibiting a positive growth of 47.68% over the same period last year.
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Tags: #India's merchandise exports up 2.14 pc in July# trade deficit zooms to $30 billion
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