India’s Foreign Trade for the month of October, 2022
India’s overall exports (Merchandise and Services combined) in October 2022* are estimated to be USD 58.36 Billion, exhibiting a positive growth of 4.03 per cent over the same period last year. Overall imports in October 2022* are estimated to be USD 73.00 Billion, exhibiting a positive growth of 11.82 per cent over the same period last year.
Table 1: Trade during October 2022*
|
|
|
October 2022 (USD Billion) |
October 2021 (USD Billion) |
|
Merchandise |
Exports |
29.78 |
35.73 |
|
Imports |
56.69 |
53.64 |
|
|
Services* |
Exports |
28.58 |
20.37 |
|
Imports |
16.30 |
11.64 |
|
|
Overall Trade (Merchandise +Services) * |
Exports |
58.36 |
56.10 |
|
Imports |
73.00 |
65.28 |
|
|
Trade Balance |
-14.63 |
-9.18 |
* Note: The latest data for services sector released by RBI is for September 2022. The data for October 2022 is an estimation, which will be revised based on RBI’s subsequent release. (ii) Data for April-October2021 and April-June 2022 has been revised on pro-rata basis using quarterly balance of payments data.
Fig 1: Overall Trade during October 2022*
India’s overall exports (Merchandise and Services combined) in April-October 2022* are estimated to be USD 444.74 Billion, exhibiting a positive growth of 19.56 per cent over the same period last year. Overall imports in April-October 2022* are estimated to be USD 543.26 Billion, exhibiting a positive growth of 33.80 per cent over the same period last year.
Table 2: Trade during April-October 2022*
|
|
|
April-October 2022 (USD Billion) |
April-October 2021 (USD Billion) |
|
Merchandise |
Exports |
263.35 |
233.98 |
|
Imports |
436.81 |
328.14 |
|
|
Services* |
Exports |
181.39 |
138.01 |
|
Imports |
106.45 |
77.89 |
|
|
Overall Trade (Merchandise+Services) * |
Exports |
444.74 |
371.98 |
|
Imports |
543.26 |
406.03 |
|
|
Trade Balance |
-98.52 |
-34.05 |
Fig 2: Overall Trade during April-October 2022*