Economy

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

Swarajya StaffFeb 02, 2022, 09:02 AM | Updated 10:29 AM IST
Merchandise export increased nearly 24 per cent in January (Representative Image)

Merchandise export increased nearly 24 per cent in January (Representative Image)


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 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.

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