{"id":222931,"date":"2023-01-18T19:15:23","date_gmt":"2023-01-18T13:45:23","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=222931"},"modified":"2023-02-25T12:37:10","modified_gmt":"2023-02-25T07:07:10","slug":"indias-merchandise-trade-crosses-the-1-trillion-mark-in-2022","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/indias-merchandise-trade-crosses-the-1-trillion-mark-in-2022\/","title":{"rendered":"India’s merchandise trade crosses the $1-trillion mark in 2022"},"content":{"rendered":"\n

Source: <\/b>The post is based on the article<\/span> \u201cIndia’s merchandise trade crosses the $1-trillion mark in 2022\u201d <\/b>published in <\/span>Business Standard <\/b>on 17th January 2023.<\/b><\/p>\n

What is the News?<\/b><\/h2>\n

India\u2019s merchandise trade crossed the $ 1 trillion mark in the calendar year 2022 with the share of exports at $450 billion and imports at $723 billion.<\/span><\/p>\n

About Merchandise Exports Trade in 2022<\/b><\/h2>\n

Exports witnessed robust double-digit growth in the range of 34-20% during the first six months of the year.<\/span><\/p>\n

Thereafter, the growth started falling to single digits from July onwards, closing the year at a 12% contraction. This comes as recession fears in developed economies weighed on exports from India.<\/span><\/p>\n

The sustained growth in exports can be attributed to the pent-up demand factor due to the opening up of most developed economies in 2021, with the easing of Covid restrictions.<\/span><\/p>\n

Besides, India saw a significant jump in exports to developed markets such as the US, Singapore, Hong Kong and European nations such as the Netherlands, the UK, Belgium and Germany, among others.<\/span><\/p>\n

About Merchandise Imports in 2022<\/b><\/h2>\n

Of the total merchandise imports of $723 billion in 2022, two-thirds comprised five items \u2014 1) crude oil, 2) coal, 3) gold and diamond, 4) electronics and 5) machinery.<\/span><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Source: The post is based on the article \u201cIndia’s merchandise trade crosses the $1-trillion mark in 2022\u201d published in Business Standard on 17th January 2023. What is the News? India\u2019s merchandise trade crossed the $ 1 trillion mark in the calendar year 2022 with the share of exports at $450 billion and imports at $723… Continue reading India’s merchandise trade crosses the $1-trillion mark in 2022<\/span><\/a><\/p>\n","protected":false},"author":10317,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1566,3127,9],"tags":[10503],"class_list":["post-222931","post","type-post","status-publish","format-standard","hentry","category-daily-factly-articles","category-economy","category-public","tag-business-standard","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704294145},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/222931","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10317"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=222931"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/222931\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=222931"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=222931"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=222931"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}