Overview In February 2022 India exported $37.1B and imported $57B, resulting in a negative trade balance of $19.9B. Between February 2021 and February 2022 the exports of India have increased by $9.61B (34.9%) from $27.5B to $37.1B, while imports increased by $16.5B (40.6%) from $40.5B to $57B.
Trade In February 2022, the top exports of India were Petroleum Products ($6.9B), Pearl, Precs, Semiprecs Stones ($2.42B), Iron And Steel ($1.76B), Drug Formulations, Biologicals ($1.5B), and Aluminium, Products Of Aluminm ($1.05B). In February 2022 the top imports of India were Petroleum: Crude ($13.3B), Gold ($4.78B), Petroleum Products ($3.53B), Pearl, Precs, Semiprecs Stones ($3.2B), and Coal,Coke And Briquittes Etc ($2.86B).
Destinations In February 2022, India exported mostly to United States ($6.17B), United Arab Emirates ($2.6B), Bangladesh ($1.59B), Netherlands ($1.44B), and China ($1.41B), and imported mostly from China ($8.51B), United Arab Emirates ($4.5B), United States ($4.46B), Saudi Arabia ($3.71B), and Iraq ($3.6B).
Growth In February 2022, the increase in India's year-by-year exports was explained primarily by an increase in exports to United States ($514M or 11.6%), South Africa ($494M or 166%), and Australia ($293M or 142%), and product exports increase in Pearl, Precs, Semiprecs Stones ($403M or 22.8%), Iron Ore ($275M or 109%), and Rice(Other Than Basmoti) ($267M or 150%). In February 2022, the increase in India's year-by-year imports was explained primarily by an increase in imports from Switzerland ($1.43B or 158%), China ($660M or 11%), and South Africa ($366M or 78.2%), and product imports increase in Gold ($2.45B or 155%), Pearl, Precs, Semiprecs Stones ($735M or 50.2%), and Vegetable Oils ($298M or 35.6%).