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New financial year begins with record exports of $ 38.19 billion in April

New Delhi: India has achieved monthly value of merchandise export in April-2022 amounting $ 38.19 billion, an increase of 24.22 per cent over $ 30.75 billion in April last year. The value of non-petroleum exports in April 2022 was 30.46 USD billion, registering a positive growth of 12.32 per cent over non-petroleum exports of USD 27.12 billion in April 2021.

According to the Union Ministry of Commerce and Industry, the value of non-petroleum and non-gems and jewellery exports in April 2022 was USD 27.16 billion, registering a positive growth of 14.38 per cent over non-petroleum and non-gems and jewellery exports of USD 23.74 billion in April 2021.

Petroleum products (113.21 per cent), electronic goods (64.04 per cent) and chemicals (26.71 per cent) led the way in a high increase in exports during April-2022. India’s merchandise import in April 2022 was USD 58.26 billion, an increase of 26.55 per cent over USD 46.04 billion in April 2021. The value of non-petroleum imports was USD 38.75 billion in April 2022 with a positive growth of 9.87 per cent over non-petroleum imports of USD 35.27 billion in April 2021.

The value of non-oil, non-GJ (gold, silver and precious metals) imports was USD 34.43 billion in April 2022 with a positive growth of 29.68 per cent over non-oil and non-GJ imports of USD 26.55 billion in April 2021. The trade deficit in April 2022 was USD 20.07 billion. /BI/