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TMI BlogINDIA’S FOREIGN TRADE DATA: DECEMBER 2020X X X X Extracts X X X X X X X X Extracts X X X X ..... INDIA’S FOREIGN TRADE DATA: DECEMBER 2020 - News and Press Release Dated:- 15-1-2021 - News - India s overall exports (Merchandise and Services combined) in April-December2020-21* are estimated to be USD 348.49Billion, exhibiting a negative growth of (-)12.65per cent over the same period last year. Overall imports in April-December 2020-21* are estimated to be USD 343.27Billion, exhibiting a negative growth of (-) 25.86per cent over the same period last year. *Note: i) The latest data for services sector released by RBI is for November 2020. The data for December 2020 is an estimation, which will be revised based on RBI s subsequent release ii) the figures in bracket are growth rates vis- -vis corresponding period of last ye ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ar. I. MERCHANDISE TRADE EXPORTS (including re-exports) Exports inDecember2020 were USD27.15Billion, as compared to USD27.11Billion in December 2019, exhibiting a positive growth of 0.14per cent. In Rupee terms, exports were ₹ 1,99,770.58Crore in December2020, as compared to ₹ 1,92,984.47Crore in December2019, registering a positive growth of 3.52 per cent. The commodities/commodity groups which have recorded positive growth during December 2020 vis- -vis December 2019 are Other cereals (278.23%), Oil meals (196.92%), Iron ore (69.26%), Cereal preparations miscellaneous processed items (47.14%), Jute mfg. including floor covering (21.93%), Handicrafts excl. hand-made carpet (21.78%), Carpet (21.17%), Ceram ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ic products glassware (19.56%), Drugs pharmaceuticals (17.47%), Spices (17.3%), Electronic goods (16.51%), Fruits vegetables (14.88%), Organic inorganic chemicals (10.79%), Rice (10.76%), Mica, Coal other ores, minerals including processed minerals (10.76%), Cotton yarn/fabs./made-ups, handloom products etc. (10.35%), Meat, dairy poultry products (6.8%), Gems jewellery (6.75%), Tea (4.51%) and Engineering goods (0.3%). The commodities/commodity groups which have recorded negative growth during December 2020 vis- -vis December 2019 are Petroleum products (-35.35%), Oil seeds (-31.62%), Leather leather products (-17.73%), Coffee (-16.38%), RMG of all textiles (-15.05%), Man-made yarn/fabs./made-ups etc. (-14.56%), Marine pr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... oducts (-14.25%), Cashew (-12.04%), Plastic Linoleum (-7.25%) and Tobacco (-4.91%). Cumulative value of exports for the period April-December 2020-21 was USD200.80Billion (₹ 14,95,705.96Crore) as against USD238.27Billion (₹ 16,77,370.97Crore) during the period April-December 2019-20, registering a negative growth of (-) 15.73per cent in Dollar terms (negative growth of (-) 10.83per cent in Rupee terms). Non-petroleum and Non-Gems and Jewellery exports in December 2020 were USD22.22Billion, as compared to USD21.06Billion in December2019, registering a positive growth of 5.50per cent. Non-petroleum and Non-Gems and Jewellery exports in April-December 2020-21 were USD166.33Billion, as compared to USD178.15Bi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... llion for the corresponding period in 2019-20, which is a decrease of (-) 6.63 per cent. IMPORTS Imports in December2020 were USD42.59Billion (₹ 3,13,407.53Crore), which is an increase of7.56per cent in Dollar terms and 11.18per cent in Rupee terms over imports of USD39.59Billion (₹ 2,81,880.86Crore) in December2019. Cumulative value of imports for the period April-December 2020-21 was USD258.27Billion (₹ 19,22,790.49Crore), as against USD364.18Billion (₹ 25,62,539.91Crore) during the period April-December 2019-20, registering a negative growth of (-) 29.08per cent in Dollar terms and a negative growth of (-) 24.97per cent in Rupee terms. Major commodity groups of import showing negative growth in Dec ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ember2020 over the corresponding month of last year are: CRUDE OIL AND NON-OIL IMPORTS: Oil imports inDecember2020 were USD9.58Billion (₹ 70,516.27Crore), which was 10.61percentlower in Dollar terms (7.59percent lower in Rupee terms), compared to USD10.72Billion (₹ 76,310.52Crore) in December2019. Oil imports inApril-December 2020-21 were USD53.69Billion (₹ 3,99,976.85 Crore) which was 44.49per cent lower in Dollar terms (41.23percent lower in Rupee terms) compared to USD96.71Billion (₹ 6,80,620.86Crore), over the same period last year. In this connection it is mentioned that the global Brent price ($/bbl) has decreased by 24.27% in December2020 vis- -vis December2019 as per data available from W ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... orld Bank. Non-oil imports inDecember2020 were estimated at USD33.00Billion (₹ 2,42,891.26Crore) which was 14.30percent higher in Dollar terms (18.15percent higher in Rupee terms), compared to USD28.88Billion (₹ 2,05,570.34Crore) in December2019. Non-oil imports inApril-December 2020-21 were USD204.58Billion (₹ 15,22,813.64Crore) which was 23.51per cent lower in Dollar terms (19.08percent lower in Rupee terms), compared to USD267.47Billion (₹ 18,81,919.04Crore) in April-December2019-20. Non-Oil and Non-Gold imports wereUSD28.52Billion in December2020, recording a positive growth of 7.99per cent, as compared to Non-Oil and Non-Gold importsof USD 26.41Billion in December2019. Non-Oil and Non-Gold imports wereUSD1 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 87.80Billion in April-December 2020-21, recording a negative growth of (-) 23.16per cent, as compared to Non-Oil and Non-Gold imports ofUSD 244.42Billion in April-December 2019-20. II. TRADE IN SERVICES EXPORTS (Receipts) As per the latest press release by RBI dated 15 th January 2021, exports in November2020 were USD 17.08Billion (₹ 1,26,767.42Crore) registering a negative growth of (-) 5.09per cent in Dollar terms, vis- -vis November2019. The estimated value of services export for December2020* is USD 17.31Billion. IMPORTS (Payments) As per the latest press release by RBI dated 15 th January 2021, imports in November 2020 were USD 10.12Billion (₹ 75,110.44Crore) registering a negative growth of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... (-) 11.79per cent in Dollar terms, vis- -vis November2019. The estimated value of servicesimport for December2020* is USD 10.32Billion. III.TRADE BALANCE MERCHANDISE : The trade deficit for December2020 was estimated at USD15.44Billion as against the deficit of USD12.49Billion inDecember2019, which is anincrease of 23.66 percent. SERVICES : As per RBI s Press Release dated 15 th January 2021, the trade balance in Services (i.e. Net Services export) for November 2020 is USD6.96Billion. The estimated trade balance in December 2020* is USD 6.99Billion. OVERALL TRADE BALANCE: Taking merchandise and services together, overall trade surplus for April-December 2020-21* is estimated at USD5.22Billion as compared to the defic ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... it of USD64.09Billion in April-December 2019-20. *Note: The latest data for services sector released by RBI is for November2020. The data for December2020 is an estimation, which will be revised based on RBI s subsequent release. MERCHANDISE TRADE EXPORTS IMPORTS : (US $ Billion) (PROVISIONAL) DECEMBER APRIL-DECEMBER EXPORTS(including re-exports) 2019-20 27.11 238.27 2020-21 27.15 200.80 %Growth 2020-21/ 2019-20 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 0.14 -15.73 IMPORTS 2019-20 39.59 364.18 2020-21 42.59 258.27 %Growth 2020-21/ 2019-20 7.56 -29.08 TRADE BALANCE 2019-20 -12.49 -125.91 2020-21 -15.44 -57.47 EXPORTS IMPORTS: (Rs. Crore) (PROVISIONAL) ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... DECEMBER APRIL-DECEMBER EXPORTS(including re-exports) 2019-20 1,92,984.47 16,77,370.97 2020-21 1,99,770.58 14,95,705.96 %Growth 2020-21/ 2019-20 3.52 -10.83 IMPORTS 2019-20 2,81,880.86 25,62,539.91 2020-21 3,13,407.53 19,22,790.49 %Growth 2020-21/ 2019-20 11.18 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... -24.97 TRADE BALANCE 2019-20 -88,896.39 -8,85,168.94 2020-21 -1,13,636.95 -4,27,084.53 SERVICES TRADE EXPORTS IMPORTS (SERVICES) : (US $ Billion) (PROVISIONAL) November 2020 April-November 2020-21 EXPORTS (Receipts) 17.08 130.37 IMPORTS (Payments) 10.12 74.68 TRADE BALANCE 6.96 55.69 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... EXPORTS IMPORTS (SERVICES): (Rs. Crore) (PROVISIONAL) November 2020 April-November 2020-21 EXPORTS (Receipts) 1,26,767.42 9,74,925.64 IMPORTS (Payments) 75,110.44 5,58,383.77 TRADE BALANCE 51,656.98 4,16,541.88 Source: RBI Press Release dated 15 th January2021 Quick Estimates December 2020 click here - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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