India’s Merchandise Exports in May 2021 was US$ 32.21 Billion, An Increase of 67.39% Over May 2020

India’s merchandise exports in May 2021 was US$ 32.21 billion, an increase of 67.39% over US$ 19.24 billion in May 2020 and an increase of 7.93% over US$ 29.85 billion in May 2019. India’s merchandise exports in Apr-May 2021 was US$ 62.84 billion, an increase of 112.29% over US$ 29.6 billion in Apr-May 2020 and an increase of 12.44% over US$ 55.88 billion in Apr-May 2019.

India’s merchandise imports in May 2021 was US$ 38.53 billion, an increase of 68.54% over US$ 22.86 billion in May 2020 and a decline of 17.47% over US$ 46.68 billion in May 2019. India’s merchandise imports in Apr-May 2021 was US$ 84.25 billion, an increase of 110.73% over US$ 39.98 billion in Apr-May 2020 and a decrease of 5.41% over US$ 89.07 billion in Apr-May 2019.

India is thus a net importer in May 2021 with a trade deficit of US$ 6.32 billion, increase of 74.69% over trade deficit US$ 3.62 billion in May 2020 and reduction by 62.49% over trade deficit US$ 16.84 billion in May 2019.

In May 2021, the value of non-petroleum exports was US$ 26.94 billion, registering a positive growth of 54.06% over US$ 17.49 billion in May 2020 and a positive growth of 8.08% over US$ 24.92 billion in May 2019. The value of non-petroleum and non-gems and jewellery exports in May 2021 was US$ 23.97 billion, registering a positive growth of 45.96% over US$ 16.42 billion in May 2020 and a positive growth of 11.51% over US$ 21.5 billion in May 2019. The cumulative value of non-petroleum and non-gems and jewellery exports in April-May 2021 was US$ 47.59 billion, an increase of 86.64% over US$ 25.5 billion in April-May 2020 and an increase of 15.78% over US$ 41.11 billion in April-May 2019.

In May 2021, Oil imports was US$ 9.45 billion, a positive growth of 164.46% compared to US$ 3.57 billion in May 2020 and a negative growth of 24.94 compared to US$ 12.59 billion in May 2019. In Apr-May 2021, Oil imports was US$ 20.32 billion, a positive growth of 146.79% compared to US$ 8.24 billion in Apr-May 2020 and a negative growth of 15.86 compared to US$ 24.16 billion in Apr-May 2019.

Non-oil imports in May 2021 was estimated at US$ 29.08 billion, showing an increase of 50.77% compared to US$ 19.29 billion in May 2020 and a decrease of 14.71% compared to US$ 34.09 billion in May 2019. Non-oil imports in Apr-May 2021 was estimated at US$ 63.93 billion, showing an increase of 101.37% compared to US$ 31.75 billion in Apr-May 2020 and a decrease of 1.52% compared to US$ 64.91 billion in Apr-May 2019.

Non-oil, non-GJ (gold, silver & Precious metals) imports was US$ 26.14 billion in May 2021, recording a positive growth of 41.32%, as compared to non-oil and non-GJ imports of US$ 18.5 billion in May 2020 and a negative growth of 4.08% over US$ 27.25 billion in May 2019. Non-oil, non-GJ (gold, silver &Precious metals) imports was US$ 52.27 billion in Apr-May 2021, recording a positive growth of 69.44%, as compared to non-oil and non-GJ imports of US$ 30.85 billion in Apr-May 2020 and a positive growth of 1.07% over US$ 51.71 billion in Apr-May 2019.

Major commodity groups of export showing positive growth in May 2021 over May 2019 are: Other cereals (376.04%), Iron ore (154.82%), Cereal preparations and miscellaneous processed item (25.48%), Cotton yarn/fabrics/made-ups, handloom products etc. (24.85%), Jute mfg. including floor covering (20.99%), Rice (20.37%), Ceramic products and glassware (20.32%), Engineering goods (16.09%), Plastic and linoleum (12.91%), Mica, coal and other ores, minerals including process (12.0%), Carpet (11.21%), Drugs and pharmaceuticals (10.92%), Marine products (9.35%), Spices (9.13%), Meat, dairy and poultry products (7.52%), Petroleum products (7.16%), Organic and Inorganic Chemicals (6.26%), Electronic Goods (5.1%), and Man-made yarn/fabrics/made-ups etc. (1.46%).

Major commodity groups of export showing negative growth in May 2021 over May 2019 are: Leather and leather manufactures (-36.48%), Tea (-29.43%%), RMG of All Textiles (-27.59%), Oil Seeds (-24.47%), Oil meals (-19.49%), Handicrafts excl. Hand-made carpet (-19.48%), Gems and Jewellery (-13.4%), Fruits and vegetables (-8.32%), Cashew (-7.11%), Coffee (-4.71%), and Tobacco (-0.78%).

Major commodity groups of import showing positive growth in May 2021 over May 2019 are: Sulphur & Unroasted Iron Pyrites (472.02%), Professional instrument, Optical goods, etc. (112.98%), Vegetable Oil (75.12%), Chemical material & products (45.91%), Pearls, precious & Semi-precious stones (33.75%), Medical. & Pharmaceutical products (29.38%), Artificial resins, plastic materials, etc. (16.34%), Pulp and Waste paper (14.53%), Metalliferous ores & other minerals (11.42%), and Organic & Inorganic Chemicals (6.88%).

Major commodity groups of import showing negative growth in May 2021 over May 2019 are: Silver (-95.9%), Gold (-85.79%), Newsprint (-69.28%), Transport equipment (-50.81%), Pulses (-49.65%), Cotton Raw & Waste (-39.94%), Leather & leather products (-37.19%), Petroleum, Crude & products (-24.94%), Iron & Steel (-21.83%), Coal, Coke & Briquettes, etc.(-16.8%), Textile yarn Fabric, made-up articles (-14.48%), Machine tools (-13.05%), Electronic goods (-12.12%), Machinery, electrical & non-electrical (-11.5%), Fruits & vegetables (-6.31%), Fertilizers, Crude & manufactured (-5.28%), Project Goods (-4.25%), Wood & Wood products (-3.16%), Dyeing/tanning/colouring materials (-1.86%), and Non-ferrous metals (-0.63%).