India’s Export Import Trends for Merchandise Goods in FY 2021-22

 As compared to April-March 2019-20, exports in April-March 2021-22 exhibited a positive growth of 33.92 per cent. Merchandise imports for the period April-March 2021-22 were USD 611.89 Billion as against USD 394.44 Billion during the period April-March 2020-21, registering a positive growth of 55.13 per cent. We list India’s export-import trends for merchandise goods in FY 2021-22. India’s merchandise exports soared to a record high of US$417.81 billion during FY 2021-22, surpassing the government’s target of US$400 billion. The export growth was mainly driven by a surge in demand for products like

 petroleum, cotton yarn, textiles, chemicals, and engineering goods. At the same time, Indian goods imports also surged to US$610.22 billion, mainly driven by an increase in imports of crude, coal, gold, and electronics. As per government data, merchandise exports from India reached a new high at US$417.81 billion during the financial year (FY) 2021-22, marking a surge of 43.18 per cent over the US$291.18 billion recorded in the previous fiscal, and an increase of 33.33 per cent over US$313.36 billion during FY 2019-20. This 2021-22 figure excludes export data from non-EDI (electronic data interchange) ports and is expected to be even higher.

At the same time, India’s merchandise imports in FY 2021-22 soared to US$610.22 billion, an increase of 54.71 per cent over the U$394.44 billion registered during FY 2020-21, and an increase of 28.55 per cent over US$474.71 billion in FY 2019-20.

India’s trade deficit widened to 87.5 per cent to US$192.41 billion in FY 2021-22 as against US$102.63 billion in the previous fiscal.

Statement 1: India’s Merchandise Trade in January 2022
	Value in Billion USD				% Growth
	Jan-22	Jan-21	Jan-20	Jan-22 over Jan-21		Jan-22 over Jan-20
Exports	34.06	27.54	25.85	23.69		31.75
Imports	52.01	42.03	41.15	23.74		26.38
Deficit	17.94	14.49	15.30	23.82		17.30

Statement 2: India’s Merchandise Trade-in 2021-22 (April-January)
	Value in Billion USD			% Growth
	2021-22 (Apr-Jan)	2020-21 (Apr-Jan)	2019-20 (Apr-Jan)	2021-22 (Apr-Jan) over 2020-21 (Apr-Jan)	2021-22 (Apr-Jan) over 2019-20 (Apr-Jan)
Exports	335.44	228.90	264.13	46.53	27.0
Imports	495.83	304.79	405.33	62.68	22.30
Deficit	160.38	75.87	141.2	112.97	13.51

 

 

 

The cumulative value of non-petroleum exports in 2021-22 (Apr-Jan) was USD 287.84 billion, an increase of 37.59% over USD 209.19 billion in 2020-21 (Apr-Jan) and an increase of 25.8% over USD 228.8 billion in 2019-20 (Apr-Jan).

The cumulative value of non-petroleum imports in 2021-22 (Apr-Jan) was USD 366.14 billion, showing an increase of 51.67% compared to non-oil imports of USD 241.41 billion in 2020-21 (Apr-Jan) and an increase of 23.86% compared to non-oil imports of USD 295.61 billion in 2019-20 (Apr-Jan).

 

 

Statement 4: Merchandise Non-POL Trade 2021-22 (Apr-Jan)
	Value in Billion USD			% Growth
	2021-22(Apr-Jan)	2021-22 (Apr-Jan)	2019-20(Apr-Jan)		2021-22 (Apr-Jan) over 2020-21 (Apr-Jan)	2021-22 (Apr-Jan) over 2019-20 (Apr-Jan)
Exports	287.84	209.19	228.80		37.59	25.8
Imports	366.14	241.41	295.61		51.67	23.86

 

 

The value of non-petroleum and non-gems and jewellery exports in January 2022 was USD 27.09 billion, registering a positive growth of 20.1% over non-petroleum and non-gems and jewellery exports of USD 22.56 billion in January 2021 and positive growth of 36.92% over non-petroleum and non-gems and jewellery exports of USD 19.79 billion in January 2020.

The value of non-oil, non-GJ (gold, silver & Precious metals) imports was USD 35.22 billion in January 2022 with a positive growth of 33.6%over non-oil and non-GJ imports of USD 26.36 billion in January 2021and a positive growth of 41.63% over non-oil and non-GJ imports of USD 24.87 billion in January 2020.

 

Statement 5: Merchandise Non-POL Non-GJ Trade in January 2022
	Value in Billion USD			% Growth
	Jan-22	Jan-21	Jan-20	Jan-22 over Jan-21	Jan-22 over Jan-20
Exports	27.09	22.56	19.79	20.10	36.92
Imports	35.22	26.36	24.87	33.60	41.63

The cumulative value of non-petroleum and non-gems and jewellery exports in 2021-22 (April-January) was USD 255.69 billion, an increase of 34.95% over the cumulative value of non-petroleum and non-gems and jewellery exports of USD 189.47 billion in 2020-21(April-January) and an increase of 29.18% over the cumulative value of non-petroleum and non-gems and jewellery exports of USD 197.94 billion in 2019-20 (April-January).

Non-oil, non-GJ (Gold, Silver & Precious Metals) imports were USD 298.65 billion in 2021-22 (April-January), recording a positive growth of 45.06%, as compared to non-oil and non-GJ imports of USD 205.88 billion in 2020-21(April-January) and positive growth of 19.54% over USD 249.83 billion in 2019-20 (April-January).

 

Statement 6: Merchandise Non-POL Non-GJ Trade Apr 2021-Jan 2022
	Value in Billion USD			% Growth
	2021-22 (Apr-Jan)	2021-22 (Apr-Jan)	2019-20 (Apr-Jan)	2021-22 (Apr-Jan) over 2020-21 (Apr-Jan)	2021-22 (Apr-Jan) over 2019-20 (Apr-Jan)
Exports	255.69	189.47	197.94	34.95	29.18
Imports	298.65	205.88	249.83	45.06	19.54

The top 10 major commodity groups covering 78% of total exports in January 2022 are –

 

 

Statement 7: Exports of Top 10 Major Commodity Groups
	Value of Export (Million US$)		Share (%)		Growth (%)
Major Commodity Group	Jan-22	Jan-21		Jan-22	Jan-22 over Jan-21
Engineering goods	9201.76	7413.15		27.01	24.13
Petroleum products	3732.26	2136.00		10.96	74.73
Gems and Jewellery	3236.98	2843.62		9.50	13.83
Organic and Inorganic chemicals	2447.89	1942.16		7.19	26.04
Drugs and Pharmaceuticals	2054.24	2075.22		6.03	-1.01
Cotton Yarn/Fabs./Made-ups, Handloom products etc.	1389.46	974.54		4.08	42.58
RMG of all Textiles	1549.00	1295.91		4.55	19.53
Electronic goods	1364.63	1180.09		4.01	15.64
Plastic and Linoleum	844.47	638.37		2.48	32.29
Rice	813.75	769.89		2.39	5.70
Total of 10 Major Commodity Groups	26634.46	21268.95		78.19	25.23
Rest	7428.41	6269.33		21.81	18.49
Total Exports	34062.87	27538.28		100.00	23.69

 

 

The top 10 major commodity groups covering 75% of total imports in January 2022 are –

 

Statement 8: Imports of Top 10 Major Commodity Groups
	Import (Million US$)			Share (%)		Growth (%)
Major Commodity Group	Jan-22	Jan-21	Jan-22		Jan-22 over Jan-21
Petroleum, Crude & products	11431.59	9424.30	21.98		21.30
Electronic goods	8216.74	5256.61	15.80		56.31
Gold	2404.19	4035.23	4.62		-40.42
Machinery, electrical & non-electrical	4038.80	3367.71	7.77		19.93
Organic & Inorganic Chemicals	2673.76	1983.66	5.14		34.79
Pearls, precious & Semi-precious stones	2332.04	2196.40	4.48		6.18
Coal, Coke & Briquettes, etc.	2606.53	1865.66	5.01		39.71
Artificial resins, plastic materials, etc.	1762.08	1530.64	3.39		15.12
Vegetable Oil	1858.58	1135.45	3.57		63.69
Non-ferrous metals	1831.41	1349.99	3.52		35.66
Total of 10 Major Commodity Groups	39155.69	32145.65	75.29		21.81
Rest	12850.22	9884.42	24.71		30.00
Total Imports	52005.91	42030.07	100.00		23.74

 

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