Home » Commerce and Industry » India’s merchandise exports in January 2021 were USD 27.24 billion as compared to USD 25.85 billion in January 2020, an increase of 5.37%.

India’s merchandise exports in January 2021 were USD 27.24 billion as compared to USD 25.85 billion in January 2020, an increase of 5.37%.

India’s merchandise exports in January 2021 were USD 27.24 billion as compared to USD 25.85 billion in January 2020, an increase of 5.37%. Exports during April-January 2020-21 were USD 228.04 billion, as compared to USD 264.13 billion during the same period last year, exhibiting a negative growth of 13.66%.

India’s merchandise imports in January 2021were USD 41.99 billion, as compared to USD 41.15 billion in January 2020, an increase of 2.05%. Merchandise imports during April-January 2020-21 were USD 300.26 billion, as compared to USD 405.33 billion during the same period last year, exhibiting a negative growth of 25.92%.

India is thus a net importer in January 2021, with a trade deficit of USD 14.75 billion, as compared to trade deficit of USD 15.30 billion in January 2020, declined by 3.57%.

In January 2021, the value of non-petroleum exports was USD 25.24 billion, registering a positive growth of 11.37% over January 2020. The value of non-petroleum and non-gems and jewellery exports in January 2021 was USD 22.40 billion as compared to USD 19.79 billion in January 2020, registering a positivegrowth of 13.21%. The cumulative value of non-petroleum and non-gems and jewellery exports in April-January 2020-21 was USD 188.73 billion, as compared to USD 197.94 billion for the corresponding period in 2019-20, exhibiting a decrease of 4.65%.

In January 2021, Oil imports were USD 9.40 billion, as compared to USD 13.01 billion in January 2020, a decline by 27.72%. Oil imports in April-January 2020-21 were USD 63.09 billion, as compared to USD 109.72 billion in April-January 2019-20, showing a decline of 42.48%.

Non-oil imports in January 2021 were estimated at USD 32.59 billion, as compared to USD 28.14 billion in January 2020, showing an increase of 15.81%. Non-oil imports in April-January 2020-21 were USD 237.17 billion, as compared to USD 295.61 billion in April-January 2019-20, registering a decline of 19.77%.

Non-oil, non-GJ (gold, silver &Precious metals) imports were USD 26.35 billion in January 2021, recording a positive growth of 5.94%, as compared to non-oil and non-GJ imports of USD 24.87 billion in January 2020. Non-oil and non-GJ imports were USD 201.69 billion in April-January 2020-21, recording a negative growth of 19.27%, as compared to non-oil and non-GJ imports of USD 249.83 billion in April-January 2019-20.

Major commodities of export which have recorded positive growth during January 2021 vis-à-vis January 2020 are: Other cereals (313.88%), Oil meals (253.06%), Iron ore (108.66%), Cereal preparations and miscellaneous processed item (43.62%), Jute mfg. Including floor covering (27.64%),Tobacco (26.18%), Rice (25.86%), Fruits and vegetables (24.00%), Carpet (23.69%), Handicrafts excl. Hand-made carpet (21.92%),Spices (20.35%), Ceramic products and glassware (19.01%),Engineering goods (18.69%),Drugs and pharmaceuticals (16.42%), Electronic Goods (16.00%), Tea (13.35%), Cashew (11.82%), Plastic and linoleum (10.42%), Mica, coal and other ores, minerals including process (9.59%),Cotton yarn/fabrics/made-ups, handloom products etc. (6.94%),Coffee (4.84%), and Organic and Inorganic Chemicals (2.54%).

Major commodities of export which have recorded negative growth during January 2021 vis-à-vis January 2020 are Petroleum products (37.34%), Leather and leather manufactures (18.60%), RMG of All Textiles (10.73%), Man-made yarn/fabrics/made-ups etc. (9.62%),Meat, dairy and poultry products (8.03%), Oil Seeds (6.48%),Marine products (1.72%), and Gems and Jewellery (1.26%).

Major commodity groups of import showing positive growth in January 2021 over the corresponding month of last year are: Gold (154.70%), Pulses (96.56%), Sulphur & Unroasted Iron Pyrites (76.81%), Pearls, precious & Semi-precious stones (50.20%), Cotton Raw & Waste (49.76%), Vegetable Oil (35.32%), Iron & Steel (25.95%), Artificial resins, plastic materials, etc. (20.90%), Chemical material & products (18.76%), Non-ferrous metals (17.73%), Electronic goods (16.98%),Organic & Inorganic Chemicals (15.61%),Coal, Coke & Briquettes, etc. (9.67%),Dyeing/ tanning/ colouring materials (4.50%), Wood & Wood products (2.81%), Medcnl. & Pharmaceutical products (1.23%),  Machine tools (0.60%), and Textile yarn Fabric, made-up articles (0.52%).

Major commodity groups of import showing negative growth in January 2021 over the corresponding month of last year are: Silver (95.77%), Newsprint (80.81%), Project Goods (62.16%), Leather & leather products (37.73%), Petroleum, Crude & products (27.72%), Transport equipment (25.26%), Pulp and Waste paper (12.74%), Fertilisers, Crude & manufactured (11.57%), Professional instrument, Optical goods, etc. (10.33%), Metaliferrous ores & other minerals (4.57%), Machinery, electrical & non-electrical (1.38%), and Fruits & vegetables (0.08%).

 

MERCHANDISE TRADE: Preliminary Data, January 2021

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 25.85 27.24 5.37 22.67 25.24 11.37 19.79 22.40 13.21
Imports 41.15 41.99 2.05 28.14 32.59 15.81 24.87 26.35 5.94
Deficit -15.30 -14.75 -3.57 -5.47 -7.34 34.19 -5.08 -3.95 -22.34

 

Change by top Commodity Groups

Value in USD Million

  Top Increase in January 2021 as compared to January 2020 Top Decline in January 2021 as compared to January 2020
  Commodity group Change in value % change Commodity group Change in value % change
Export ENGINEERING GOODS 1163.04 18.69 PETROLEUM PRODUCTS -1189.53 -37.34
DRUGS AND PHARMACEUTICALS 292.62 16.42 RMG OF ALL TEXTILES -155.75 -10.73
IRON ORE 274.60 108.66 LATHER AND LEATHER MANUFACTURERS -75.66 -18.60
Import Gold 2450.92 154.70 Petroleum, Crude & products -3606.29 -27.72
Electronic goods 764.18 16.98 Transport equipment -561.88 -25.26
Pearls, precious & Semi-precious stones 733.89 50.20 Project goods -265.35 -62.16

 

 

About IIPnews

Leave a Reply

Your email address will not be published. Required fields are marked *

*

x

Check Also

QUICK ESTIMATES OF INDEX OF INDUSTRIAL PRODUCTION AND USE-BASED INDEX FOR THE MONTH OF MARCH, 2021(BASE 2011-12=100)

The Quick Estimates of Index of Industrial Production (IIP) are released on 12th of every month ...

Centre undertakes multiple initiatives to enhance Oxygen availability, distributionand storage infrastructure

In order to address the surge in demand for oxygen, the Central Government has undertakenkey ...

Consumer Price Index for Industrial Workers (2016=100) – March, 2021

Key Highlights. All-India Consumer Price Index for Industrial Workers (2016=100) for March, 2021 increased to ...

INDEX OF EIGHT CORE INDUSTRIES (BASE: 2011-12=100) FOR MARCH, 2021

The Office of the Economic Adviser, Department for Promotion of Industry and Internal Trade is ...

Codex Committee on Spices and Culinary Herbs finalizes quality standards for 4 more spices

The Codex Committee on Spices and Culinary Herbs (CCSCH) has finalised and recommended quality standards ...

India’s merchandise imports in March 2021 were USD 48.12 billion as compared to USD 31.47 billion in March 2020an increase of 52.89%;

India’s merchandise exports in March 2021 were USD 34.0 billion as compared to USD 21.49 ...

Consumer Price Index for Industrial Workers (2016=100) – February, 2021

    Key Points   All-India Consumer Price Index for Industrial Workers (2016=100) for February, ...

Make in India

Make in India initiative was launched on September 25, 2014 with the objective of facilitating ...

Core Infrastructure Sectors

The monthly Index of Eight Core Industries (ICI) is a production volume index. ICI measures ...

Exports from the Manufacturing Sector

Major commodity-group wise data on merchandise exports in last five years is at Annexure. The Government ...

WP2Social Auto Publish Powered By : XYZScripts.com