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India’s merchandise & services exports jump 24 per cent

The merchandise exports in May 2022 were $38.94 Billion as compared to $32.30 Billion in May 2021, exhibiting a positive growth of 20.55 per cent. The estimated value of services export for May 2022 is $23.28 Billion, exhibiting a positive growth of 30.32 per cent vis-a-vis May 2021 ($17.86 Billion).

Statesman News Service | New Delhi |

India’s overall exports (Merchandise and Services combined) in May 2022 are estimated to be to the tune of $62.21 Billion, exhibiting a positive growth of 24.03 per cent over the same period last year.

The merchandise exports in May 2022 were $38.94 Billion as compared to $32.30 Billion in May 2021, exhibiting a positive growth of 20.55 per cent. The estimated value of services export for May 2022 is $23.28 Billion, exhibiting a positive growth of 30.32 per cent vis-a-vis May 2021 ($17.86 Billion).

India’s overall exports (Merchandise and Services combined) in April-May 2022 are estimated to be $124.59 Billion, registering a positive growth of 25.90 per cent over the same period last. The merchandise exports for the period April-May 2022 were $78.72 Billion against $63.05 Billion during the period April-May 2021, registering a positive growth of 24.86 per cent. The estimated value of services export for April-May 2022 is $45.87 Billion, exhibiting a positive growth of 27.71 per cent vis-a-vis April-May 2021 ($35.92 Billion).

The overall imports (Merchandise and Services combined) in May 2022 are estimated to be $77.65 Billion, exhibiting a positive growth of 59.19 per cent over the same period last year. The overall imports in April-May 2022 are estimated to be $151.89 Billion, exhibiting a positive growth of 45.44 per cent over the same period last year.

Merchandise imports for the period April-May 2022 were $123.41 Billion as against $84.87 Billion during the period April-May 2021, registering a positive growth of 45.42 per cent.

The merchandise trade deficit for April-May 2022 was estimated at $44.69 Billion as against $21.82 Billion in April-May 2021, which is an increase of 104.80 per cent.

Non-petroleum and non-gems & jewellery exports in May 2022 were $27.16 Billion, registering a positive growth of 13.10 per cent over non-petroleum and non-gems & jewellery exports of USD 24.02 Billion in May 2021.

Non-petroleum, non-gems & jewellery (gold, silver & precious metals) imports were $34.79 Billion in May 2022 with a positive growth of 31.66 per cent over Non-petroleum, non-gems & jewellery imports of $26.42 Billion in May 2021.