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INDIA’S MERCHANDISE TRADE Preliminary Data for December 2020

India’s merchandise exports in December 2020 was USD 26.89 billion, as compared to USD 27.11 billion in December 2019, a marginal fall of 0.80%. Exports during April-December 2020-21 were USD 200.55 billion, as compared to USD 238.27 billion during the same period last year, exhibiting a negative growth of 15.8%.

India’s merchandise imports in December 2020 were USD 42.60 billion, as compared to USD 39.59 billion in December 2019, an increase of 7.6%. Merchandise imports during April-December 2020-21 were USD 258.29 billion, as compared to USD 364.18 billion during the same period last year, exhibiting a negative growth of 29.08%.

India is thus a net importer in December 2020, with a trade deficit of USD 15.71 billion, as compared to trade deficit of USD 12.49 billion, widened by 25.78%.

In December 2020, the value of non-petroleum exports was USD 24.73 billion, registering a positive growth of 5.33% over December 2019. The value of non-petroleum and non-gems and jewellery exports in December 2020 was USD 22.15 billion as compared to USD 21.06 billion in December 2019, registering a positivegrowth of 5.17%. The cumulative value of non-petroleum and non-gems and jewellery exports in April-December 2020-21 was USD 166.26 billion, as compared to USD 178.15 billion for the corresponding period in 2019-20, exhibiting a decrease of 6.7%.

In December 2020, Oil imports were USD 9.61 billion, as compared to USD 10.72 billion in December 2019, a decline by 10.37%. Oil imports in April-December 2020-21 were USD 53.71 billion, as compared to USD 96.71 billion, showing a decline of 44.46%.

Non-oil imports in December 2020 were estimated at USD 33.0 billion, as compared to USD 28.88 billion in December 2019, showing an increase of 14.27%. Non-oil imports in April-December 2020-21 were USD 204.57 billion, as compared to USD 267.47 billion, registering a decline of 23.52% during the same period of the last year.

Non-oil, non-GJ (gold, silver &Precious metals) imports were USD 26.10 billion in December 2020, recording a positive growth of 8.42%, as compared to non-oil and non-GJ imports of USD 24.07 billion in December 2019. Non-oil and non-GJ imports were USD 175.29 billion in April-December 2020-21, recording a negative growth of 22.08%, as compared to non-oil and non-GJ imports of USD 224.96 billion in April-December 2019-20.

Major commodities of export which have recorded positive growth during December 2020 vis-à-vis December 2019 are: Other cereals (262.62%), Oil meals (192.60%), Iron ore (69.26%), Cereal preparations and miscellaneous processed item (45.41%), Jute mfg. Including floor covering (21.93%), Handicrafts excl. Hand-made carpet (21.70%), Carpet (21.12%), Ceramic products and glassware (19.11%), Drugs and pharmaceuticals (17.44%), Spices (17.06%), Electronic Goods (16.44%), Fruits and vegetables (12.82%), Organic and Inorganic Chemicals (10.73%), Cotton yarn/fabrics/made-ups, handloom products etc. (10.09%),  Rice (8.60%), Meat, dairy and poultry products (6.79%), Gems and Jewellery (6.75%), Mica, coal and other ores, minerals including process (6.02%), Tea (4.47%), Engineering goods (0.12%).

Major commodities of export which have recorded negative growth during December 2020 vis-à-vis December 2019 are Petroleum products (40.47%), Oil Seeds (31.80%), Leather and leather manufactures (17.74%), Coffee (16.39%), RMG of All Textiles (15.07%), Man-made yarn/fabrics/made-ups etc. (14.61%), Marine products (14.27%), Cashew (12.04%), Plastic and linoleum (7.43%), Tobacco (4.95%).

Major commodity groups of import showing positive growth in December 2020 over the corresponding month of last year are: Pulses (245.15%), Sulphur & Unroasted Iron Pyrites (197.41%), Gold (81.82%), Vegetable Oil (43.50%), Chemical material & products (41.51%), Dyeing/tanning/colouring materials (32.64%), Artificial resins, plastic materials, etc. (32.20%), Non-ferrous metals (28.11%), Organic & Inorganic Chemicals (23.30%), Electronic goods (20.90%),Textile yarn Fabric, made-up articles (18.39%), Project Goods (15.27%), Wood & Wood products (14.03%), Machine tools (13.46%), Iron & Steel (12.67%), Pearls, precious & Semi-precious stones (7.81%), Fertilisers, Crude & manufactured (1.42%),  Medicinal & Pharmaceutical products (1.2%), Machinery, electrical & non-electrical (0.57%), Fruits & vegetables (0.34%).

Major commodity groups of import showing negative growth in December 2020 over the corresponding month of last year are: Silver (90.52%), Newsprint (76.27%), Leather & leather products (38.93%), Transport equipment (32.05%), Cotton Raw & Waste (28.79%), Metaliferrous ores & other minerals (24.42%),Pulp and Waste paper (12.11%),Petroleum, Crude & products (10.37%), Coal, Coke & Briquettes, etc. (7.27%), Professional instrument, Optical goods, etc. (1.54%).

 

MERCHANDISE TRADE: Preliminary Data, December 2020

Summary Value in USD Billion

  Total Non-Petroleum Non- Petroleum and Non-Gems &Jewellery
  2019-20 2020-21 % change 2019-20 2020-21 % change 2019-20 2020-21 % change
Exports 27.11 26.89 -0.80 23.48 24.73 5.33 21.06 22.15 5.17
Imports 39.59 42.60 7.6 28.88 33.00 14.27 24.07 26.10 8.42
Deficit -12.48 -15.71 -25.88 -5.4 -8.27 -53.15 -3.01 -3.95 -31.23

 

Change by top Commodity Groups

Value in USD Million

  Top Increase in December 2020 as compared to December 2019 Top Decline in December 2020 as compared to December 2019
  Commodity group Change in value % change Commodity group Change in value % change
Export DRUGS AND PHARMACEUTICALS 327.27 17.44 PETROLEUM PRODUCTS -1469.85 -40.47
ORGANIC AND INORGANIC CHEMICALS 202.28 10.73 RMG OF ALL TEXTILES -212.11 -15.07
ELECTRONIC GOODS 176.75 16.44 MARINE PRODUCTS -93.69 -14.27
Import Gold 2018.55 81.82 Petroleum, Crude & products -1111.28 -10.37
Electronic goods 870.95 20.90 Transport equipment -1029.51 -32.05
Vegetable Oil 366.96 43.50 Metaliferrous ores & other minerals -137.08 -24.42

 

 

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