India's Exports Increase By 36.76 Per Cent To $61.41 Billion In January
India’s overall exports - merchandise and services combined - in January 2022 are estimated to be $61.41 billion, exhibiting a positive growth of 36.76 per cent over the same period last year and a positive growth of 38.90 per cent over January 2020, an official release said on Tuesday (15 February).
The merchandise exports in January 2022 were $34.50 billion, as compared to $27.54 billion in January 2021, showing a growth of 25.28 per cent. As compared to January 2020, exports in January 2022 increased by 33.45 per cent.
Exports of engineering, petroleum and gems and jewellery in January 2022 increased by 24.11 per cent, 95.23 per cent and 13.64 per cent to $9.2 billion, $4.17 billion and $3.23 billion, respectively.
Pharmaceuticals exports, however, dipped by 1.15 per cent to USD 2.05 billion in January.
Meanwhile, the estimated value of services export for January 2022 is $26.91 billion, exhibiting a positive growth of 54.95 per cent vis-a-vis January 2021 (USD 17.37 billion) and a positive growth of 46.57 per cent vis-à-vis January 2020 ($18.36 billion).
Further, India’s overall exports in April-January 2021-22 are estimated to be $545.71 billion, exhibiting a growth of 37.68 per cent over the same period last year and an increase of 23.29 per cent over April-January 2019-20, the Commerce Ministry said in a release.
The merchandise exports for the period April-January 2021-22 was $335.88 billion, up 46.73 pr cent against $228.92 billion during the period April-January 2020-21.
As compared to April-January 2019-20, merchandise exports in April-January 2021-22 exhibited a positive growth of 27.17 per cent, the ministry said.
Similarly, the estimated value of services export for April-January 2021-22 is $209.83 billion, up 25.31 per cent vis-a-vis April-January 2020-21 ($167.45 billion) and a positive growth of 17.56 per cent vis-à-vis April-January 2019-20 ($178.49 billion), it added.
Meanwhile, overall imports in January 2022 are estimated to be $67.76 billion, exhibiting a slower rate of growth of 30.54 per cent over the same period last year and a positive growth of 30.19 per cent over January 2020, according to the ministry.
The merchandise imports in January 2022 were $51.93 billion, up by 23.54 per cent over imports of $42.03 Billion in January 2021.
The estimated value of services import for January 2022 is $15.83 billion, which is up by 60.32 per cent vis-à-vis January 2021 ($9.88 billion).
The merchandise imports for the period April-January 2021-22 was $495.75 billion as against $304.79 billion during the period April-January 2020-21, registering a positive growth of 62.65 per cent.
Further, the overall imports in April-January 2021-22 are estimated to be $616.91 billion, showing a growth of 54.35 per cent over the same period last year and an increase of 20.15 per cent over April-January 2019-20, the ministry said.
As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.
Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.
We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.
Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.