India’s Foreign Trade for the month of April, 2022

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Categories: Press Release

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

Trade during April 2022*

April 2022

(USD Billion)

April 2021

(USD Billion)

Growth vis-à-vis April 2021 (%)
Merchandise Exports 40.19 30.75

30.70

Imports

60.30 46.04 30.97
Trade Balance -20.11 -15.29

-31.50

Services*

Exports

27.60 18.06 52.87
Imports 15.57 9.62

61.87

Net of Services

12.03 8.44 42.61
Overall Trade (Merchandise+Services)* Exports 67.79 48.80

38.90

Imports

75.87 55.66 36.31
Trade Balance -8.08 -6.86

-17.83

* Note: The latest data for services sector released by RBI is for March 2022. The data for April 2022 is an estimation, which will be revised based on RBI’s subsequent release. (ii) Data for April 2021 has been revised on pro-rata basis using quarterly balance of payments data.

The Complete Press Release can be accessed at: https://www.pib.gov.in/PressReleasePage.aspx?PRID=1825071

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