Merchandise Exports see 30% rise to USD 40 billion in April : Commerce Ministry
Petroleum products, electronic goods , cereals , coffee , processed food , and leather product , exports led the way in achieving the record performance.
New Delhi: 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.