INDIA’S MERCHANDISE TRADE: PRELIMINARY DATA FOR JANUARY 2021

INDIA’S MERCHANDISE TRADE: PRELIMINARY DATA FOR

JANUARY 2021
Top 5 commodity groups of export which 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%), and Jute manufacturing including floor covering(27.64%).

 

02 FEB 2021

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%.

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

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
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