India’s overall export declined by 5.26 per cent to USD 61.82 Billion in December 2022, as per the data released by the Ministry of Commerce and Industry on Monday.
The ministry’s data showed that overall imports in December 2022 stood at USD 73.80 billion, a negative growth of 1.95 per cent over the same period last year.
Talking about merchandise exports in December 2022, it stood at USD 34.48 billion, as compared to USD 39.27 billion in December 2021.
“Merchandise imports in December 2022 were USD 58.24 billion, as compared to USD 60.33 billion in December 2021,” as per the data.
Also, merchandise exports for the period April-December 2022 were USD 332.76 billion as against USD 305.04 billion during the period April to December 2021.
according to data, “Merchandise imports for the period April-December 2022 were USD 551.70 billion as against USD 441.50 billion during the period April to December 2021.”
Meanwhile, the merchandise trade deficit from April to December 2022 was estimated at USD 218.94 billion as against USD 136.45 billion from April to December 2021.
