Indian Economy News

India's merchandise exports in November 2021 was USD 29.88 billion

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.

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