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.
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