GOODS EXPORTS - ECONOMY
News: With
6.9% year-on-year growth, goods exports rise to $451 billion in 2022-23
What's in the news?
● India’s
goods exports for 2022-23 scaled up significantly from earlier estimates to
almost $451 billion, indicating a
6.9% year-on-year growth, with exports for March upgraded sharply to a
nine-month high of $41.9 billion, as per Commerce Ministry data.
Key takeaways:
● The
overall import bill for 2022-23
remained virtually unchanged at $714.04
billion, a 16.5% rise from 2021-22, compared to $714.24 billion reported
initially.
Exports Stats:
Goods:
The
top exports of India are as follows.
- Refined
Petroleum
- Diamonds
- Packaged
Medicaments
- Jewellery
- Rice
Destinations:
- United
States
- United
Arab Emirates
- China
- Bangladesh
- Hong
Kong
Imports Stats:
Goods:
- Crude
Petrol
- Gold
- Coal
Briquettes
- Diamonds
- Petroleum
Gas
Country-wise:
- China
- United
Arab Emirates
- United
States
- Switzerland
- Saudi
Arabia