New Delhi: The country’s merchandise exports have touched USD 447 billion in the last financial year 2022-23, i.e. Rs 36.65 lakh crore.
This is more than Rs 34.60 lakh crore in the previous financial year 2021-22, Union Commerce and Industry Minister Piyush Goyal said.
The final export and import data for the year 2022-23 will be released in mid-April. Currently, the Ministry has taken up the work of compiling the data. Trade data list for goods is delayed by 15 days.
And the service takes 45 days to arrive in respect of data.
Union Minister Goyal while speaking at a program said:
The country’s merchandise exports have increased to Rs 36.65 lakh crore in the last financial year 2022-23, compared to Rs 34.60 lakh crore in the previous financial year 2021-22.
This is a growth of 6 percent. Also, services exports are estimated to cross Rs 26.24 lakh crore.
The country’s exports have increased despite global problems such as rising prices of raw materials, restrictions on the export of certain commodities such as wheat, and the Russia-Ukraine war. Total exports of both services and goods are estimated to be over Rs 62.73 lakh crore. 63.30 lakh crore is not surprising. By 2030, the target is to export 2 lakh crore dollars i.e. 164 lakh crore rupees. We can achieve this goal too.
This was said by the minister.
Export status
Goods export Rs.36.65 lakh crore
Export of services Rs.26.24 lakh crore
By 2030, the target is Rs.164 lakh crore
The country’s exports have increased amid rising raw material prices, restrictions on wheat exports, and the Russia-Ukraine war