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TMI BlogINDIA’S FOREIGN TRADE FOR JANUARY 2021X X X X Extracts X X X X X X X X Extracts X X X X ..... INDIA’S FOREIGN TRADE FOR JANUARY 2021 X X X X Extracts X X X X X X X X Extracts X X X X ..... RCHANDISE TRADE EXPORTS (including re-exports) * Exports inJanuary2021 were USD27.45Billion, as compared to USD25.85Billion in January 2020, exhibiting a positive growth of 6.16per cent. In Rupee terms, exports were ₹ 2,00,661.11Crore in January2021, as compared to ₹ 1,84,369.73Crore in January2020, registering a positive growth of 8.84per cent. * The commodities/commodity groups which have recorded positive growth during January 2021 vis-à-vis January 2020 areOther cereals (343.57%), Oil meals (257.50%), Iron Ore (108.84%), Cereal preparations & miscellaneous processed items (44.88%), Jute mfg. including floor covering (27.68%), Rice (26.33%), Tobacco (26.16%), Fruits & vegetables (24.34%), Carpet (23.69%), Handicra ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... fts excl. handmade carpet (21.09%), Spices (20.36%), Ceramic products & glassware (19.03%), Engineering goods (18.81%), Drugs & pharmaceuticals (16.42%), Electronic goods (16%), Tea (13.34%), Mica, Coal & other ores, minerals including processed minerals (11.89%), Cashew (11.82%), Plastic & Linoleum (10.40%), Cotton yarn/fabs./made-ups, handloom products etc. (7.08%), Coffee (4.85%), and Organic & Inorganic chemicals (2.55%). * The commodities/commodity groups which have recorded negative growth during January 2021 vis-à-vis January 2020are Petroleum products (-32.06%), Leather & leather products (-18.6%), RMG of all Textiles (-10.73%), Man-made yarn/fabs./made-ups etc. (-9.62%), Meat, dairy & poultry products (-8.03%), Oil seeds ( ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... -6.49%), Marine products (-1.72%) and Gems & jewellery (-1.26%). * Cumulative value of exports for the period April-January 2020-21 was USD228.25Billion (₹ 16,96,367.07Crore) as against USD264.13Billion (₹ 18,61,740.70Crore) during the period April-January 2019-20, registering a negative growth of (-) 13.58per cent in Dollar terms (negative growth of (-) 8.88per cent in Rupee terms). * Non-petroleum and Non-Gems and Jewellery exports in January 2021 were USD22.44Billion, as compared to USD19.79Billion in January2020, registering a positive growth of 13.40per cent. Non-petroleum and Non-Gems and Jewellery exports in April-January 2020-21 were USD188.77Billion, as compared to USD197.94Billion for the corresponding period in 20 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 19-20, which is a decrease of (-) 4.63 per cent. IMPORTS * Imports in January2021 were USD41.99Billion (₹ 3,06,951.56Crore), which is an increase of2.03per cent in Dollar terms and 4.60per cent in Rupee terms over imports of USD41.15Billion (₹ 2,93,452.69Crore) in January2020. Cumulative value of imports for the period April-January 2020-21 was USD300.26Billion (₹ 22,29,742.05Crore), as against USD405.33Billion (₹ 28,55,992.59Crore) during the period April-January 2019-20, registering a negative growth of (-) 25.92per cent in Dollar terms and a negative growth of (-)21.93per cent in Rupee terms. * Major commodity groups of import showing negative growth in January2021 over the corresponding month of last year ar ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e: CRUDE OIL AND NON-OIL IMPORTS: * Oil imports inJanuary2021 were USD9.40Billion (₹ 68,743.95Crore), which was 27.72percentlower in Dollar terms (25.90percent lower in Rupee terms), compared to USD13.01Billion (₹ 92,773.42Crore) in January2020. Oil imports inApril-January 2020-21 were USD63.09Billion (₹ 4,68,720.80Crore) which was 42.50per cent lower in Dollar terms (39.39percent lower in Rupee terms) compared to USD109.72Billion (₹ 7,73,394.28Crore), over the same period last year. * In this connection it is mentioned that the global Brent price ($/bbl) has decreased by 14.23% in January2021 vis-à-vis January2020 as per data available from World Bank. * Non-oil imports inJanuary2021 were estimated at ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... USD32.58Billion (₹ 2,38,207.61Crore) which was 15.79percent higher in Dollar terms (18.70percent higher in Rupee terms), compared to USD28.14Billion (₹ 2,00,679.27Crore) in January2020. Non-oil imports inApril-January 2020-21 were USD237.16Billion (₹ 17,61,021.25Crore) which was 19.77per cent lower in Dollar terms (15.44percent lower in Rupee terms), compared to USD295.61Billion (₹ 20,82,598.31Crore) in April-January2019-20. * Non-Oil and Non-Gold imports wereUSD28.55Billion in January2021, recording a positive growth of 7.50per cent, as compared to Non-Oil and Non-Gold importsof USD 26.56Billion in January2020. Non-Oil and Non-Gold imports wereUSD216.34Billion in April-January 2020-21, recording a negative growth ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of (-) 20.16per cent, as compared to Non-Oil and Non-Gold imports ofUSD 270.97Billion in April-January 2019-20. II. TRADE IN SERVICES EXPORTS (Receipts) * As per the latest press release by RBI dated 15thFebruary 2021, exports in December2020 were USD 18.72Billion (₹ 1,37,774.58Crore) registering a negative growth of (-) 6.41per cent in Dollar terms, vis-à-vis December2019. The estimated value of services export for January2021* is USD 19.25Billion. IMPORTS (Payments) * As per the latest press release by RBI dated 15th February 2021, imports in December 2020 were USD 11.50Billion (₹ 84,632.64Crore) registering a negative growth of (-) 8.40per cent in Dollar terms, vis-à-vis December2019. The estimated value ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of servicesimport for January2021* is USD 12.03Billion. III.TRADE BALANCE * MERCHANDISE: The trade deficit for January2021 was estimated at USD14.54Billion as against the deficit of USD15.30Billion inJanuary2020, which is decrease of (-) 4.95 percent. * SERVICES: As per RBI's Press Release dated 15th February 2021, the trade balance in Services (i.e. Net Services export) for December 2020 is USD7.22Billion. The estimated trade balance in January 2021* is USD 7.22Billion. * OVERALL TRADE BALANCE: Taking merchandise and services together, overall trade deficit for April-January 2020-21* is estimated at USD1.87Billion as compared to the deficit of USD72.40Billion in April-January 2019-20. *Note: The latest data for services sector rele ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ased by RBI is for December2020. The data for January2021 is an estimation, which will be revised based on RBI's subsequent release. MERCHANDISE TRADE EXPORTS &IMPORTS : (US $ Billion) (PROVISIONAL) JANUARY APRIL-JANUARY EXPORTS(including re-exports) 2019-20 25.85 264.13 2020-21 27.45 228.25 %Growth 2020-21/ 2019-20 6.16 -13.58 IMPORTS 2019-20 41.15 405.33 2020-21 41.99 300.26 %Growth 2020-21/ 2019-20 2.03 -25.92 TRADE BALANCE 2019-20 -15.30 -141.21 2020-21 -14.54 -72.01 EXPORTS &IMPORTS: (Rs. Crore) (PROVISIONAL) JANUARY APRIL-JANUARY EXPORTS(including re-exports) 2019-20 1,84,369.73 18,61,740.70 2020-21 2,00,661.11 16,96,367.07 %Growth 2020-21/ 2019-20 8.84 -8.88 IMPORTS 2019-20 2,93,452.6 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 9
28,55,992.59
2020-21
3,06,951.56
22,29,742.05
%Growth 2020-21/ 2019-20
4.60
-21.93
TRADE BALANCE
2019-20
-1,09,082.96
-9,94,251.89
2020-21
-1,06,290.45
-5,33,374.98
SERVICES TRADE
EXPORTS & IMPORTS (SERVICES) : (US $ Billion)
(PROVISIONAL)
December 2020
April-December 2020-21
EXPORTS (Receipts)
18.72
149.09
IMPORTS (Payments)
11.50
86.18
TRADE BALANCE
7.22
62.91
EXPORTS & IMPORTS (SERVICES): (Rs. Crore)
(PROVISIONAL)
December 2020
April-December 2020-21
EXPORTS (Receipts)
1,37,774.58
11,12,700.22
IMPORTS (Payments)
84,632.64
6,43,016.41
TRADE BALANCE
53,141.94
4,69,683.82
Source: RBI Press Release dated 15th February 2021
Quick Estimates January 2021 Click here X X X X Extracts X X X X X X X X Extracts X X X X
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