India’s Foreign Trade from Apr-Dec 2020 falls to a surplus of US$ 5.22B

Jan 15: Government of India, Ministry of Commerce and Industry released the Foreign Trade statistics of the country for the period of April to December 2020. The highlights of the reports is as follows

India’s overall exports (Merchandise and Services combined) in April-December2020-21* are estimated to be USD 348.49Billion, exhibiting a negative growth of (-)12.65per cent over the same period last year. Overall imports in April-December 2020-21* are estimated to be USD 343.27Billion, exhibiting a negative growth of (-) 25.86per cent over the same period last year.

Merchandise Value – Total Exports USD 200.8 Billion (down by -15.73%), Total Imports USD 258.27 billion (down by -29.08%), Total Trade Deficit USD 57.47 Billion

Services Value – Total Exports USD 147.69 billion (down by -8.08 %), Total Imports USD 85 billion (down by -14.01 %), Net of Services USD 62.69 Billion

Overall Trade – Exports USD 348.49 billion (down by -12.65%), Imports USD 343.27 Billion (down by -25.86%), Trade Surplus USD 5.22 billion

Note: The latest data for the services sector released by RBI is for September *Note: The latest data for services sector released by RBI is for November2020. The data for December2020 is an estimation, which will be revised based on RBI’s subsequent release.