India’s Merchandise Trade – May 2022

Sanika Chitale Jun 18, 2022 0

As per the data released by the Ministry of Commerce & Industry, India’s merchandise exports were USD 38.94 Billion in May 2022 compared to USD 32.30 Billion in May 2021, registering a 20.55% growth.

The imports increased from USD 38.83 Billion in May 2021 to USD 63.22 Billion in May 2022, i.e., a growth of 62.83% Y-o-Y.

May 2022
(USD Billion)
May 2021
(USD Billion)
Percentage change
Trade Balance-24.29-6.53-271.96%

The merchandise trade deficit increased sharply, from USD 6.53 Billion in May 2021 to USD 24.29 Billion in May 2022, showing a 271.96% change Y-o-Y.

It continued to increase due to a sharp rise in imports compared to exports, mainly of Silver, Gold, Coal, Coke & Briquettes, etc. and Petroleum, Crude & products. The imports of these commodities increased by 2800.06%, 789.20%, 172.10%, and 102.72% respectively, compared to May 2021.

Export Growth in Commodity Groups in May 2022

Import Growth in Commodity Groups in May 2022:


  2. Trade deficit gallops past the $24 bn mark — highest ever

Biltrax Construction Data is tracking 20,000+ projects on their technology platform for their Clients. Visit or email us at to become a subscriber and generate new leads.

Disclaimer: The information contained herein have been compiled or arrived at, based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. The image featured in this article is only for illustration purposes and does not in anyway represent the project. If you wish the article to be removed or edited, please send an email to


Leave a Reply

Your email address will not be published.