India’s merchandise exports rise to 34 bn dollars in March 2021 as compared to 21.49 bn dollars in March 2020

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India’s merchandise exports in March 2021 were USD 34.0 billion as compared to USD 21.49 billion in March 2020, an increase of 58.23%.Exports during April-March2020-21 were USD 290.18 billion, as compared to USD 313.36 billion during the same period of last year, exhibiting a negative growth of 7.40%.

India’s merchandise imports in March 2021were USD 48.12 billion as compared to USD 31.47 billion in March 2020, anincrease of 52.89%. Merchandise imports during April-March 2020-21 were USD 388.92 billion, as compared to USD 474.71 billion during the same period of last year, exhibiting a negative growth of 18.07%.

India is thus a net importer in March 2021, with a trade deficit of USD 14.11 billion, as compared to trade deficit of USD 9.98 billion, improvement by 41.4%.

In March 2021, the value of non-petroleum exports was USD 30.79 billionas compared to USD 18.97 billion in March 2020, registering a positive growth of 62.3%. The value of non-petroleum and non-gems and jewellery exports in March 2021 was USD 27.25 billion, as compared to USD 16.95 billion in March 2020, registering a positivegrowth of 60.72%. The cumulative value of non-petroleum and non-gems and jewellery exports in April-March2020-21 was USD 238.54billion, as compared to USD 236.17 billion for the corresponding period in 2019-20, exhibiting a growth of 1.0%.

In March 2021, Oil imports were USD 10.17 billion, as compared to USD 10.05 billion in March 2020, a growth of1.22%. Oil imports in April-March2020-21 were USD 82.25 billion, as compared to USD 130.55 billion, showing a decline of 37.0%.

Non-oil imports in March 2021are estimated at USD 37.95 billion, as compared to USD 21.42 billion in March 2020, showing anincrease of 77.12%. Non-oil imports in April-March2020-21 were USD 306.67 billion, as compared to USD 344.16 billion, registering a decline of 10.89% during the same period of the last year.

Non-oil, non-GJ (gold, silver &Precious metals) imports were USD 27.01 billion in March 2021, recording a positive growth of 44.45%, as compared to non-oil and non-GJ imports of USD 18.70 billion in March 2020. Non-oil and non-GJ imports were USD 252.50 billion in April-March 2020-21, recording a negative growth of 13.15%, as compared to non-oil and non-GJ imports of USD 290.74 billion in April-March 2019-20.

Major commodities of export which have recorded positive growth during March 2021 vis-à-vis March 2020 are: Other cereals (323.65%), Oil meals (228.40%), Iron ore (194.98%), Jute mfg. Including floor covering (105.19%),Carpet (89.86%), Electronic Goods (88.69%), Gems and Jewellery (75.57%), Engineering goods (70.28%), Cereal preparations and miscellaneous processed item (67.08%), Rice (65.23%), Spices (59.04%), Cotton yarn/fabrics/made-ups, handloom products etc. (55.43%), Meat, dairy and poultry products (52.84%),Ceramic products and glassware (52.57%), Drugs and pharmaceuticals (47.37%), Organic and Inorganic Chemicals (45.18%), Plastic and linoleum (45.12%), Handicrafts excl. Hand-made carpet (42.59%),Marine products (40.80%),Man-made yarn/fabrics/made-ups etc. (30.69%), Mica, coal and other ores, minerals including process (30.29%),Petroleum products (27.49%), RMG of All Textiles (27.35%), Coffee (23.31%), Fruits and vegetables (22.98%), Leather and leather manufactures (18.27%), Tobacco (15.5%), and Tea (7.73%).

Remaining two commodities of whichexport have recorded negative growth during March 2021 vis-à-vis March 2020 are Oil Seeds (-6.6%), and Cashew (-1.95%).

Major commodity groups of import showing positive growth in March 2021 over the corresponding month of last year are: Gold (584.21%), Sulphur & Unroasted Iron Pyrites (464.22%), Dyeing/tanning/colouring materials (106.87%), Textile yarn Fabric, made-up articles (92.11%), Chemical material & products (82.62%), Artificial resins, plastic materials, etc. (81.66%),Pearls, precious & Semi-precious stones (80.25%),Electronic goods (76.66%), Metaliferrous ores & other minerals (72.03%), Non-ferrous metals (71.32%), Wood & Wood products (70.43%), Professional instrument, Optical goods, etc. (61.66%), Machinery, electrical & non-electrical (59.92%), Vegetable Oil (58.02%), Iron & Steel (55.28%), Organic & Inorganic Chemicals (55.07%), Medcnl. & Pharmaceutical products (52.32%), Machine tools (43.12%), Leather & leather products (33.52%),Pulp and Waste paper (32.78%),Fruits & vegetables (22.29%),Coal, Coke & Briquettes, etc. (7.22%),Cotton Raw & Waste (3.79%),Petroleum, Crude & products (1.22%).

Major commodity groups of import showing negative growth in March 2021 over the corresponding month of last year are: Silver (-90.22%), Newsprint (-50.66%), Transport equipment (-32.73%), Project Goods (-32.56%), and Pulses (-13.38%), and Fertilizers, Crude & manufactured (-5.57%).

MERCHANDISE TRADE: Preliminary Data, March 2021

Summary Value in USD Billion

 TotalNon-PetroleumNon- Petroleum and Non-Gems &Jewellery
 2019-202020-21% change2019-202020-21% change2019-202020-21% change
Exports21.4934.0058.2318.9730.7962.3016.9527.2560.72
Imports31.4748.1252.8921.4237.9577.1218.7027.0144.45
Deficit-9.98-14.1141.40-2.45-7.15191.85-1.740.24-113.77
           

Change by top Commodity Groups

Value in USD Million

 Top Increase in March 2021 as compared to March 2020
 
Top Decline in March 2021 as compared to March 2020
 
 Commodity groupChange in value% changeCommodity groupChange in value% change
ExportENGINEERING GOODS3819.9770.28OIL SEEDS-7.60-6.60
GEMS AND JEWELLERY1525.9475.57CASHEW-0.80-1.95
DRUGS AND PHARMACEUTICALS732.2847.37 
ImportGOLD7173.48584.21TRANSPORT EQUIPMENT-840.53-32.73
ELECTRONIC GOODS2538.9976.66SILVER-87.69-90.22
MACHINERY, ELECTRICAL & NON-ELECTRICAL1314.5359.92PROJECT GOODS-31.92-32.56

Source: PIB