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TMI BlogINDIA’S MERCHANDISE TRADE: Preliminary Data, June 2021X X X X Extracts X X X X X X X X Extracts X X X X ..... INDIA’S MERCHANDISE TRADE: Preliminary Data, June 2021 - News and Press Release Dated:- 2-7-2021 - News - INDIA S MERCHANDISE TRADE: Preliminary Data, June 2021 India s merchandise exports in June 2021 was USD 32.46 billion, an increase of 47.34% over USD 22.03 billion in June 2020 and an increase of 29.7% over USD 25.03 billion in June 2019. India s merchandise imports in June 2021 was USD 41.86 billion, an increase of 96.33% over USD 21.32 billion in June 2020 and an increase of 2.03% over USD 41.03 billion in June 2019. India is thus a net importer in June 2021 with a trade deficit of USD 9.4 billion. Value of non-petroleum and non-gems and jewellery exports in June 2021 was USD 25.69 billion, a positive growth of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 38.53% over non-petroleum and non-gems and jewellery exports of USD 18.54 billion in June 2020 and also a positive growth of 33.61% over non-petroleum and non-gems and jewellery exports of USD 19.23 billion in June 2019 Value of non-oil, non-GJ (gold, silver precious metals) imports was USD 27.63 billion in June 2021, a positive growth of 84.53% over non-oil and non-GJ imports of USD 14.98 billion in June 2020 and also apositive growth of 12.51% over non-oil and non-GJ imports of USD 24.56 billion in June 2019 Top 5 commodity groups of export which have recorded positive growth during June 2021 vis- -vis June 2020 are: Other Cereals (237.96%), Petroleum Products (105.2%), Man-made Yarn/Fabrics/Made-ups etc(81.62%), Gems and Jewe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... llery (80.49%), and Meat, Dairy and Poultry Products (61.8%) Top 5 commodity groups of export which have recorded positive growth during June 2021 vis- -vis June 2019 are: Other Cereals (299.29%), Iron Ore (134.46%), Organic and Inorganic Chemicals (62.41%), Cereal Preparations and Miscellaneous Processed Item (56.63%), and Oil Meals (53.99%) Only 2 commodity groups of import which have shown a fall in June 2021vis- -vis June 2020 are Silver(-91.38%) and Project Goods(-12.49) Top 5 commodity groups of import which have shown a fall in June 2021 vis- -vis June 2019 are Silver (-97.16%), Gold(-64.04%), Project Goods(-53.69), Cotton Raw Waste (-51.03) and Newsprint(-45.05) India s merchandise exports in June 2021 was US ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... D 32.46 billion, an increase of 47.34% over USD 22.03 billion in June 2020 and an increase of 29.7% over USD 25.03 billion in June 2019. India s merchandise exports in Apr-June 2021 was USD 95.36 billion, an increase of 85.36% over USD 51.44 billion in Apr-June 2020 and anincrease of17.85% over USD 80.91 billion in Apr-June 2019. India s merchandise imports in June 2021 was USD 41.86 billion, an increase of 96.33% over USD 21.32 billion in June 2020 and an increase of 2.03% over USD 41.03 billion in June 2019. India s merchandise imports in Apr-June 2021 was USD 126.14 billion, an increase of 107.99% over USD 60.65 billion in Apr-June 2020 and a decrease of 3.05% over USD 130.1 billion in Apr-June 2019. India is thus a net ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... importer in June 2021 with a trade deficit of USD 9.4 billion, widened by 1426.6% over trade surplus of USD 0.71 billion in June 2020 ( India was net exporter in June 2020 ) and narrowed down by 41.26% over trade deficit of USD 16.0 billion in June 2019. In June 2021, the value of non-petroleum exports was USD 28.51 billion, registering a positive growth of 41.8%over USD 20.11 billion in June 2020 and a positive growth of 27.33% over USD 22.39 billion in June 2019. The cumulative value of non-petroleum exports in April-June 2021 was USD 82.45 billion, an increase of 76.76% over USD 46.65 billion in April-June 2020 and an increase of 18.13% over USD 69.8 billion in April-June 2019. The value of non-petroleum and non-gems ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... and jewellery exports in June 2021 was USD 25.69 billion,registering a positive growth of 38.53% over USD 18.54 billion in June 2020 and a positive growth of 33.61% over USD 19.23 billion in June 2019. The cumulative value of non-petroleum and non-gems and jewellery exports in April-June 2021 was USD 73.28 billion, an increase of 66.61% over USD 43.98 billion in April-June 2020 and an increase of 21.46% over USD 60.33 billion in April-June 2019. In June 2021, Oil imports was USD 10.68 billion, a positive growth of 114.92% compared to USD 4.97 billion in June 2020 and a negative growth of 4.72 compared to USD 11.21 billion in June 2019. Oil imports during Apr-June 2021was USD 31.0 billion, a positive growth of 136.36% c ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ompared to USD 13.12 billion in Apr-June 2020 and a negative growth of 12.33 compared to USD 35.36 billion in Apr-June 2019. Non-oil imports in June 2021 was USD 31.19 billion, showing an increase of 90.68% compared to USD 16.36 billion in June 2020 and anincrease of 4.56% compared to USD 29.83 billion in June 2019. Non-oil imports in Apr-June 2021 was estimated at USD 95.14 billion, showing an increase of 100.16% compared to USD 47.53 billion in Apr-June 2020 and amarginalincrease of 0.42% compared to USD 94.74 billion in Apr-June 2019. Non-oil, non-GJ (Gold, Silver Precious Metals) imports was USD 27.63 billion in June 2021, recording a positive growth of 84.53%, as compared to non-oil and non-GJ imports of USD 14.9 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 8 billion in June 2020 and a positive growth of 12.51% over USD 24.56 billion in June 2019. Non-oil, non-GJ (Gold, Silver Precious Metals) imports was USD 79.92 billion in Apr-June 2021, recording a positive growth of 76.63%, as compared to non-oil and non-GJ imports of USD 45.25 billion in Apr-June 2020 and a positive growth of 4.78% over USD 76.28 billion in Apr-June 2019. Major commodity groups of export showing positive growth in June 2021 over June 2019 are: Other cereals (299.29%), Iron ore (134.46%), Organic and Inorganic Chemicals (62.41%), Cereal preparations and miscellaneous processed item (56.63%), Oil meals (53.99%), Cotton yarn/fabrics/made-ups, handloom products etc. (50.86%), Petroleum products (49.82%), Plas ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tic and linoleum (46.84%), Rice (43.82%), Engineering goods (41.66%), Carpet (25.15%), Jute mfg. Including floor covering (23.97%), Man-made yarn/fabrics/made-ups etc. (23.66%), Mica, coal and other ores, minerals including process (22.43%), Ceramic products and glassware (21.81%), Marine products (20.71%), Fruits and vegetables (20.38%), Meat, dairy and poultry products (19.92%), Handicrafts excl. Hand-made carpet (18.83%), Coffee (15.73%), Tobacco (12.95%), Electronic Goods (11.89%), Drugs and pharmaceuticals (9.9%), Spices (8.7%), and Oil Seeds (1.24%). Only 5 major commodity groups of export showing negative growth in June 2021 over June 2019. These are: Cashew (-44.86%), Tea (-25.08%), Leather and leather manufactures (-21.0%), ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... RMG of All Textiles (-18.76%), and Gems and Jewellery (-10.76%). Major commodity groups of import showing positive growth in June 2021 over June 2019 are: Sulphur Unroasted Iron Pyrites (270.96%), Medicinal Pharmaceutical products (132.19%), Vegetable Oil (118.87%), Pulses (110.75%), Professional instrument, Optical goods, etc. (70.88%), Metaliferrous ores other minerals (56.5%), Chemical material products 56.48%), Fertilisers, Crude manufactured (37.28%), Fruits vegetables (30.35%), Organic Inorganic Chemicals (30.09%), Non-ferrous metals (28.19%), Pearls, precious Semi-precious stones (19.54%), Pulp and Waste paper (17.08%), Artificial resins, plastic materials, etc. (12.3%), Wood Wood products (8.26%), Machine too ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ls (6.87%), Dyeing/tanning/colouring materials (3.85%), Machinery, electrical non-electrical (2.55%), and Iron Steel (0.66%). Major commodity groups of import showing negative growth in June 2021 over June 2019 are: Silver (-97.16%), Gold (-64.04%), Project Goods (-53.69%), Cotton Raw Waste (-51.03%), Newsprint (-45.05%), Transport equipment (-22.47%), Leather leather products (-18.43%), Coal, Coke Briquettes, etc. (-12.56%), Textile yarn Fabric, made-up articles (-9.66%), Petroleum, Crude products (-4.72%), and Electronic goods (-3.4%). MERCHANDISE TRADE: Preliminary Data, June 2021 Summary Value in USD Billion Total Non-Petrole ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... um Non- Petroleum and Non-Gems Jewellery JUN19 JUN20 JUN21 % change Jun21 over Jun20 % change Jun21 over Jun19 JUN19 JUN20 JUN21 % change Jun21 over Jun20 % change Jun21 over Jun19 JUN19 JUN20 JUN21 % change Jun21 over Jun20 % change Jun21 over Jun19 Exports 25.03 22.03 32.46 47.34 29.70 22.39 20.11 28.51 4 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 1.80 27.33 19.23 18.54 25.69 38.53 33.61 Imports 41.03 21.32 41.86 96.33 2.03 29.83 16.36 31.19 90.68 4.56 24.56 14.98 27.63 84.53 12.51 Deficit/Surplus 16.00 -0.71 9.40 -1426.56 -41.26 7.44 -3.75 2.68 -171.36 -64.01 5.3 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 4 -3.57 1.95 -154.60 -63.51 Change by top Commodity Groups in Export Value in USD Million Top Increase Top Decline Commodity group Change (USD Million) % change Commodity group Change (USD Million) % change EXPORT (JUN 21 OVER JUN 20) ENGINEERING GOODS 3201.01 52.61 OIL SEEDS -38.13 -32.75 PETROLEUM PRODUCTS 2025 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... .69 105.20 SPICES -29.23 -8.41 GEMS AND JEWELLERY 1259.59 80.49 TEA -12.10 -18.57 EXPORT (JUN 20 OVER JUN 19) ORGANIC AND INORGANIC CHEMICALS 317.71 19.33 GEMS AND JEWELLERY -1600.07 -50.56 DRUGS AND PHARMACEUTICALS 181.80 9.90 PETROLEUM PRODUCTS -711.75 -26.99 RICE 165.47 32.11 ENGINEERING GOODS ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... -470.65 -7.18 EXPORT (JUN 21 OVER JUN 19) ENGINEERING GOODS 2730.36 41.66 GEMS AND JEWELLERY -340.48 -10.76 PETROLEUM PRODUCTS 1313.94 49.82 RMG OF ALL TEXTILES -231.28 -18.76 ORGANIC AND INORGANIC CHEMICALS 1025.72 62.41 LEATHER AND LEATHER MANUFACTURERS -86.39 -21.00 Change by top Commodity Groups in Import Value in USD Million Top Increase ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Top Decline Commodity group Change (USD Million) % change Commodity group Change (USD Million) % change IMPORT (JUN 21 OVER JUN 20) Petroleum, Crude products 5708.67 114.92 Silver -125.49 -91.38 Pearls, precious Semi-precious stones 1936.90 305.09 Project goods -10.79 -12.49 Electronic goods 1434.84 45.30 ALL OTHER ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... MAJOR COMMODITY GROUPS HAVE INCREASED IMPORT (JUN 20 OVER JUN 19) Vegetable Oil 54.72 8.37 Petroleum, Crude products -6237.48 -55.67 Sulphur Unroasted Iron Pyrites 1.87 25.45 Gold -2088.1 -77.43 ALL OTHER MAJOR COMMODITY GROUPS HAVE DECLINED Electronic goods -1596.84 -33.52 IMPORT (JUN 21 OVER JUN 19) Vegetable Oil 776.97 118.87 Gold -1726.93 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... -64.04 Medicinal. Pharmaceutical products 704.79 132.19 Petroleum, Crude products -528.81 -4.72 Organic Inorganic Chemicals 567.10 30.09 Silver -405.11 -97.16 - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - 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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