FIRST TIME EVER IN A MONTH, INDIAN EXPORTS CROSSED US$ 34 BILLION IN MARCH 2021
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%;
India’s merchandise exports in March 2021 were USD 34.0 billion as compared to USD 21.49 billion in March 2020, anincrease 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
|
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 |
21.49 |
34.00 |
58.23 |
18.97 |
30.79 |
62.30 |
16.95 |
27.25 |
60.72 |
|
Imports |
31.47 |
48.12 |
52.89 |
21.42 |
37.95 |
77.12 |
18.70 |
27.01 |
44.45 |
|
Deficit |
-9.98 |
-14.11 |
41.40 |
-2.45 |
-7.15 |
191.85 |
-1.74 |
0.24 |
-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 group |
Change in value |
% change |
Commodity group |
Change in value |
% change |
Export |
ENGINEERING GOODS |
3819.97 |
70.28 |
OIL SEEDS |
-7.60 |
-6.60 |
GEMS AND JEWELLERY |
1525.94 |
75.57 |
CASHEW |
-0.80 |
-1.95 |
|
DRUGS AND PHARMACEUTICALS |
732.28 |
47.37 |
||||
Import |
GOLD |
7173.48 |
584.21 |
TRANSPORT EQUIPMENT |
-840.53 |
-32.73 |
ELECTRONIC GOODS |
2538.99 |
76.66 |
SILVER |
-87.69 |
-90.22 |
|
MACHINERY, ELECTRICAL & NON-ELECTRICAL |
1314.53 |
59.92 |
PROJECT GOODS |
-31.92 |
-32.56 |