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TMI BlogINDIA’S MERCHANDISE TRADE: Preliminary Data October 2021X X X X Extracts X X X X X X X X Extracts X X X X ..... INDIA’S MERCHANDISE TRADE: Preliminary Data October 2021 - News and Press Release Dated:- 2-11-2021 - News - INDIA S MERCHANDISE TRADE: Preliminary Data October 2021 India s merchandise exports in October 2021 was USD 35.47 billion, an increase of 42.33% over USD 24.92 billion in October 2020 and an increase of 35.21% over USD 26.23 billion in October 2019. India s merchandise exports in April-October 2021 was USD 232.58 billion, an increase of 54.51% over USD 150.53 billion in April-October 2020 and an increase of 25.45% over USD 185.4 billion in April-October 2019. India s merchandise imports in October 2021 was USD 55.37 billion, an increase of 62.49% over USD 34.07 billion in October 2020 and an increase of 45.76% over USD ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 37.99 billion in October 2019. India s merchandise imports in April-October 2021 was USD 331.29 billion, an increase of 78.71% over USD 185.38 billion in April-October 2020 and an increase of 15.81% over USD 286.07 billion in April-October 2019. The trade deficit in October 2021 was USD 19.9 billion, while it was USD 98.71 billion during April-October 2021. Statement 1: India s Merchandise Trade in October 2021 Value in Billion USD % Growth Oct-21 Oct-20 Oct-19 Oct-21 over Oct-20 Oct-21 over Oct-19 Exports 35.47 24.92 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 26.23 42.33 35.21 Imports 55.37 34.07 37.99 62.49 45.76 Deficit 19.90 9.15 11.75 117.38 69.29 Statement 2: India s Merchandise Trade in Apr-Oct 2021 Value in Billion USD % Growth Apr-Oct21 Apr-Oct20 Apr-Oct19 Apr-Oct 21 over Apr-Oct 20 Apr-Oct 21 over Apr-Oct 19 Exports 23 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 2.58 150.53 185.40 54.51 25.45 Imports 331.29 185.38 286.07 78.71 15.81 Deficit 98.71 34.85 100.67 183.22 -1.95 Value of non-petroleum exports in October 2021 was 30.27 USD billion, registering a positive growth of 29.63% over non-petroleum exports of USD 23.35 billion in October 2020 and a positive growth of 32.84% over non-petroleum exports of USD 22.79 billion in October 2019. Value of non-petroleum imports was USD 40.94 billion in October 2021 with a posit ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ive growth of 45.82% over non-petroleum imports of USD 28.07 billion in October 2020 and a positive growth of 44.87% over non-petroleum imports of USD 28.26 billion in October 2019. Statement 3: Merchandise Non-POL Trade in October 2021 Value in Billion USD % Growth Oct21 Oct20 Oct19 Oct21 over Oct20 Oct21 over Oct19 Exports 30.27 23.35 22.79 29.63 32.84 Imports 40.94 28.07 28.26 45.82 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 44.87 The cumulative value of non-petroleum exports in April-October 2021 was USD 199.41 billion, an increase of 45.59% over USD 136.96 billion in April-October 2020 and an increase of 24.09% over USD 160.7 billion in April-October 2019. The cumulative value of non-petroleum imports in April-October 2021 was USD 243.89 billion, showing an increase of 65.41% compared to non-oil imports of USD 147.44 billion in April-October 2020 and an increase of 15.51% compared to non-oil imports of USD 211.14 billion in April-October 2019. Statement 4: Merchandise Non-POL Trade Apr-Oct 2021 Value in Billion USD % Growth ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Apr-Oct21 Apr-Oct20 Apr-Oct19 Apr-Oct21 over Apr-Oct20 Apr-Oct21 over Apr-Oct19 Exports 199.41 136.96 160.70 45.59 24.09 Imports 243.89 147.44 211.14 65.41 15.51 Value of non-petroleum and non-gems and jewellery exports in October 2021 was USD 26.05 billion, registering a positive growth of 27.54% over non-petroleum and non-gems and jewellery exports of USD 20.43 billion in October 2020 and a positive growth of 36.59% over non-petroleum and non-gems and jewelle ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ry exports of USD 19.07 billion in October 2019. Value of non-oil, non-GJ (gold, silver Precious metals) imports was USD 32.42 billion in October 2021 with a positive growth of 39.29% over non-oil and non-GJ imports of USD 23.27 billion in October 2020 and a positive growth of 30.72% over non-oil and non-GJ imports of USD 24.8 billion in October 2019. Statement 5: Merchandise Non-POL Non-GJ Trade in October 2021 Value in Billion USD % Growth Oct-21 Oct-20 Oct-19 Oct21 over Oct20 Oct21 over Oct19 Exports 26.05 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 20.43 19.07 27.54 36.59 Imports 32.42 23.27 24.80 39.29 30.72 The cumulative value of non-petroleum and non-gems and jewellery exports in April-October 2021 was USD 175.89 billion, an increase of 40.33% over cumulative value of non-petroleum and non-gems and jewellery exports of USD 125.35 billion in April-October 2020 and an increase of 27.72% over cumulative value of non-petroleum and non-gems and jewellery exports of USD 137.72 billion in April-October 2019. Non-oil, non-GJ (Gold, Silver Precious Metals) imports was USD 196.07 billion in April-October 2021, recording a positi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ve growth of 50.91%, as compared to non-oil and non-GJ imports of USD 129.92 billion in April-October 2020 and a marginal positive growth of 9.87% over USD 178.45 billion in April-October 2019. Statement 6: Merchandise Non-POL Non-GJ Trade Apr-Oct 2021 Value in Billion USD % Growth Apr-Oct 21 Apr-Oct 20 Apr-Oct 19 Apr-Oct 21 over Apr-Oct 20 Apr-Oct 21 over Apr-Oct 19 Exports 175.89 125.35 137.72 40.33 27.72 Imports 196.07 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 129.92 178.45 50.91 9.87 Top 10 major commodity groups, covering more than 80% of total exports, have shown positive growth in October 2021 over corresponding month of previous year, as stated below. Statement 7: Exports of Top 10 Major Commodity Groups Value of Export (Million US$) Share (%) Growth (%) Major Commodity Group Oct '21 Oct '20 Oct '21 Oct '21 over Oct '20 Engineering Goods 9388.28 6229.91 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 28.19 50.70 Petroleum Products 5197.59 1567.31 14.69 231.63 Gems And Jewellery 4221.73 2926.82 9.67 44.24 Organic And Inorganic Chemicals 2569.28 1810.71 7.11 41.89 Drugs And Pharmaceuticals 2060.09 2078.92 6.14 -0.91 Electronic Goods 1347.93 966.29 3.91 39.50 Cotton Yarn/Fabrics/Made-ups Handlo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... om Products Etc. 1332.75 912.34 3.89 46.08 RMG Of All Textiles 1252.90 1177.56 3.50 6.40 Marine Products 807.80 684.06 2.28 18.09 Plastic And Linoleum 781.49 599.55 2.25 30.35 Total of 10 Major Commodity Groups 28959.84 18953.48 81.62 52.79 Rest 6510.45 5966.93 18.38 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 9.11 Total Exports 35470.29 24920.41 100.00 42.33 Top 10 major commodity groups, covering about 78% of total imports, have shown below. Statement 8: Imports of Top 10 Major Commodity Groups Import (Million US$) Share (%) Growth (%) Major Commodity Group Oct.'21 Oct.'20 Oct.'21 Oct.'21 over Oct.'20 Petroleum, Crude products 14430.76 6000.27 26.06 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 140.50 Electronic goods 6811.03 5533.73 12.30 23.08 Gold 5106.14 2499.97 9.22 104.25 Machinery, electrical non-electrical 3540.77 2497.29 6.39 41.78 Coal, Coke Briquettes, etc. 3311.93 1512.88 5.98 118.92 Organic Inorganic Chemicals 2620.62 1563.23 4.73 67.64 Pearls, precious Semi-precious stones ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 2483.01 2291.40 4.48 8.36 Artificial resins, plastic materials, etc. 1727.27 1121.06 3.12 54.07 Vegetable Oil 1624.79 1018.08 2.93 59.59 Iron Steel 1444.81 985.71 2.61 46.58 Total of 10 Major Commodity Groups 43101.12 25023.62 77.84 72.24 Rest 12266.92 9050.21 22.16 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 35.54 Total Imports 55368.04 34073.84 100.00 62.49 - 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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