India’s merchandise imports rose 57.18% YoY to US$ 53.15 billion in November 2021. India’s merchandise imports between April-November 2021 spiked 75.39% YoY to US$ 384.44 billion. The Trade deficit stood at US$ 23.27 billion in November 2021 compared to US$ 121.98 billion between April-November 2021.
Value of non-petroleum exports increased 18.1% YoY to US$ 26.06 billion in November 2021 and 18.69% from US$ 21.95 billion in November 2019. Value of non-petroleum imports increased 39.9% to US$ 38.47 billion in November 2021 and 40.12% from US$ 27.45 billion in November 2019.
The cumulative value of non-petroleum imports grew 61.4% YoY to US$ 282.36 billion between April-November 2021 and 18.34% from US$ 238.6 billion between April-November 2019.
The value of non-petroleum and non-gems and jewellery exports grew 22.16% YoY to US$ 23.66 billion in November 2021 and 22.17% from US$ 19.37 billion in November 2019. Value of non-oil, non-GJ (gold, silver & precious metals) imports grew 41.53% YoY to US$ 32.02 billion and 42.72% from US$ 22.44 billion in November 2019.
The cumulative value of non-petroleum and non-gems and jewellery exports rose 37.89% YoY to US$ 199.56 between April-November 2021 and 27.03% from US$ 157.09 billion in April-November 2019. Non-oil, non-GJ (Gold, Silver & Precious Metals) imports grew 49.52% YoY to US$ 228.09 billion between April-November 2021 and 13.54% from US$ 200.89 billion between April-November 2019.
Top 10 major commodity groups covering 79% of total exports are listed below:
|
Value of Export (Million US$) |
Share (%) |
Growth (%) |
||
|
Major Commodity Group |
Nov '21 |
Nov '20 |
Nov '21 |
Nov '21 over Nov '20 |
|
Engineering Goods |
8077.3 |
5896.7 |
27.04 |
36.98 |
|
Petroleum Products |
3820.0 |
1557.4 |
12.79 |
145.29 |
|
Gems and Jewellery |
2392.2 |
2690.8 |
8.01 |
-11.1 |
|
Organic and Inorganic Chemicals |
2246.5 |
1694.9 |
7.52 |
32.54 |
|
Drugs and Pharmaceuticals |
1825.4 |
1963.4 |
6.11 |
-7.03 |
|
Electronic Goods |
1455.6 |
1121.2 |
4.87 |
29.83 |
|
Cotton Yarn/Fabrics/Made-ups, Handloom Products Etc. |
1227.8 |
872.6 |
4.11 |
40.72 |
|
RMG Of All Textiles |
1072.2 |
1043.8 |
3.59 |
2.72 |
|
Marine Products |
754.0 |
586.6 |
2.52 |
28.53 |
|
Plastic and Linoleum |
724.4 |
507.3 |
2.42 |
42.8 |
|
Total of 10 Major Commodity Groups |
23595.4 |
17934.5 |
78.98 |
31.56 |
|
Rest |
6280.8 |
5685.4 |
21.02 |
10.47 |
|
Total Exports |
29876.1 |
23620.0 |
100 |
26.49 |
The top 10 major commodity groups covering 79% of total imports are listed below:
|
Import (Million US$) |
Share (%) |
Growth (%) |
||
|
Major Commodity Group |
Nov.'21 |
Nov.'20 |
Nov.'21 |
Nov.'21 over Nov.'20 |
|
Petroleum, Crude & products |
14677.9 |
6314.8 |
27.62 |
132.44 |
|
Electronic goods |
5743.2 |
4695.1 |
10.81 |
22.32 |
|
Gold |
4221.7 |
3022.6 |
7.94 |
39.67 |
|
Coal, Coke & Briquettes, etc. |
3577.4 |
1517.1 |
6.73 |
135.81 |
|
Machinery, electrical & non-electrical |
3322.0 |
2568.9 |
6.25 |
29.32 |
|
Organic & Inorganic Chemicals |
2521.6 |
1515.5 |
4.74 |
66.39 |
|
Pearls, precious & Semi- precious stones |
1978.7 |
1839.1 |
3.72 |
7.59 |
|
Artificial resins, plastic materials, etc. |
1860.2 |
1156.6 |
3.5 |
60.83 |
|
Vegetable Oil |
1754.9 |
981.4 |
3.3 |
78.82 |
|
Non-ferrous metals |
1522.7 |
1154.7 |
2.87 |
31.87 |
|
Total of 10 Major Commodity Groups |
41180.2 |
24765.8 |
77.49 |
66.28 |
|
Rest |
11965.4 |
9046.5 |
22.51 |
32.27 |
|
Total Imports |
53145.63 |
33812.29 |
100 |
57.18 |
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.