India's Exports Down 3.52% To $32.62 Bn In September

Amid the shrinking demand for Indian goods, India’s merchandise exports declined by 3.5 per cent to USD 32.62 billion in September, as per the data released by the Ministry of Commerce and Industry. 

India’s merchandise export from April to September 2022-23 was USD 229.05 billion, an increase of 15.54 per cent over USD 198.25 billion in April -September 2021-22.

The ministry said that the value of non-petroleum exports in September 2022 was 26.54 USD billion, a negative growth of only 7.25 per cent over non-petroleum exports of USD 28.62 billion in September 2021. 

"The value of non-petroleum exports in April to September 2022-23 was USD 179.17 billion, an increase of 5.6 per cent over USD 169.67 billion in April -September 2021-22."

Also, the value of non-petroleum and non-gems and jewellery exports in September 2022 was USD 22.9 billion, a decline of 9.78 per cent over USD 25.38 billion in September 2021. 

India’s merchandise import in September 2022 was USD 59.35 billion, an increase of 5.44 per cent over USD 56.29 billion in September 2021. 

"India’s merchandise imports in April to September 2022-23 was USD 378.53 billion with an increase of 37.89 per cent over USD 274.5 billion in April to September 2021-22," the data showed. 

Meanwhile, the trade deficit in September 2022 was USD 26.72 billion, while it was 149.47 billion USD from April to September 2022-23. 

"The trade deficit in September 2022 was an improvement over the trade deficit of USD 28.68 Billion in August 2022," the ministry said in a statement.