: Petroleum products, Electronic goods and Readymade Garments lead India’s exports for the Q1FY23 #finance #StockMarketNEWS Petroleum products, Electronic goods and Readymade Garments lead India’s

Petroleum products, Electronic goods and Readymade Garments lead India’s exports for the Q1FY23 #finance #StockMarketNEWS
Petroleum products, Electronic goods and Readymade Garments lead India’s exports for the Q1FY23 New Delhi, July 5 (KNN) India’s merchandise exports rose by 16.8 per cent to USD 37.9 billion in June 22 as compared to USD 32.49 billion in June 2021,as per the government data released on Monday.

In the first quarter of the current financial year, India’s merchandise export rose to USD 116.77 billion, recording an increase of 22.22 per cent over USD 95.54 billion recorded in April -June 2021-22.

Petroleum products, Electronic goods and Readymade Garments recorded major increase in exports for the first Quarter of 2022-23.

The value of non-petroleum exports in June 2022 was 30.12 USD billion, registering a positive growth of 5.53 per cent over non-petroleum exports of USD 28.54 billion in June 2021.

The cumulative value of non-petroleum exports in April -June 2022-23 was USD 92.49 billion, an increase of 11.92 per cent over USD 82.65 billion in April -June 2021-22.

India’s merchandise import in June 2022 was USD 63.58 billion, an increase of 51.02 per cent over USD 42.1 billion in June 2021. India’s merchandise imports in April -June 2022-23 was USD 187.02 billion with an increase of 47.31 per cent over USD 126.96 billion in April -June 2021-22.

Value of non-petroleum imports was USD 42.84 billion in June 2022 with a positive growth of 36.36% over non-petroleum imports of USD 31.42 billion in June 2021.

The cumulative value of non-petroleum imports in April -June 2022-23 was USD 126.95 billion, showing an increase of 32.18 per cent compared to non-oil imports of USD 96.04 billion in April -June 2021-22.

The trade deficit in June 2022 was USD 25.63 billion, while it was 70.25 billion USD during April -June 2022-23. (KNN Bureau)