Merchandise Exports scale a new high in April 22 cross USD 40 billion, registering 30% growth over April, 2021
Petroleum products, Electronic goods, processed food, coffee, leather product lead the way with significant increase in exports
Service exports up by 53%; Overall exports jump by 39%
INDIA’S FOREIGN TRADE: April 2022
After a record performance in the last financial year, the exports continued robust growth in April, 2022 with merchandise exports scaling a new high by crossing USD 40 bn. This is an increase by over 30% vis-à-vis April 2021. Petroleum products (127.69%), Electronic goods (71.69%), cereals (60.83%), coffee (59.38%), processed food (38.82%) and leather product (36.68%) exports led the way in achieving the record performance. Services performed extremely well to reach USD 27.60 bn, which is an increase of 53% over April 2021.
India’s overall exports (Merchandise and Services combined) in April 2022* are estimated to be USD 67.79 Billion, exhibiting a positive growth of 38.90 per cent over the same period last year. Overall imports in April 2022* are estimated to be USD 75.87 Billion, exhibiting a positive growth of 36.31 per cent over the same period last year
Detailed Press Release can be access from below link