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 |