Business Across Borders 2022

13 merchandised exports had declined by 7% to US$ 291.16 bn, while services exports had declined by 3.3% to US$ 206 bn in the same period. India’s foreign trade witnesses rebound 0 10 20 30 40 50 60 0 100 200 300 400 500 600 700 800 Apr-Feb FY21 Apr-Feb FY22 % y - o -y US$ bn Exports (US$ bn) Imports (US$ bn) Exports % y-o-y Imports % y-o-y Exports & imports include both goods and services Source: Ministry of Commerce & Industry Top 3 commodity groups in FY22 (April to September) – (Market value in billion US$ & market share in %) Export Scenario (Market value & share) Engineering goods 9.2 & 27.1% Petroleum products 3.7 & 10.5% Gems and Jewellery 3.2 & 9.5% Import Scenario (Market value & share) Petroleum, Crude & products 11.4 & 21.9% Electronic goods 8.2 &15.8% Coal 2.6 & 5. 1 % Source: Ministry of Commerce & Industry US, China & UAE are the major trading partners of India (In terms of Exports) Following are the top 10 Trading partners of India 17.63% 5.82% 7.45% 3.79% 2.7% Source: Ministry of Commerce & Industry Dun & Bradstreet