India achieves an all-time high annual merchandise exports, touching USD 417.81 billion in FY 2021-22, an increase of 43.18% over USD 291.81 billion in previous fiscal
- Press Information Bureau
- April 5, 2022
India reaches an all-time high annual merchandise export, touching US$ 417.81 billion in FY22, an increase of 43.18% over US$ 291.81 billion in FY21, and an increase of 33.33% over US$ 313.36 billion in FY20.
India’s monthly merchandise exports exceeded US$ 40 billion for the first time, reaching US$ 40.38 billion in March 2022, an increase of 14.53% over US$ 35.26 billion in March 2021 and an increase of 87.89% over US$ 21.49 billion in March 2020.
India’s merchandise imports in March 2022 stood at US$ 59.07 billion, an increase of 20.79% over US$ 48.90 billion in March 2021 and an increase of 87.68% over US$ 31.47 billion in March 2020.
India’s merchandise imports in April 2021-March 2022 stood at US$ 610.22 billion, an increase of 54.71% over US$ 394.44 billion in April 2020-March 2021 and an increase of 28.55% over US$ 474.71 billion in April 2019-March 2020.
The trade deficit in March 2022 stood at US$ 18.69 billion, as compared to US$ 192.41 billion between April 2021-March 2022.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
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