Feb 03: India’s merchandise exports in January 2021 were USD 27.24 billion as compared to USD 25.85 billion in January 2020, an increase of 5.37%. Where as India’s merchandise imports in January 2021 were USD 41.99 billion as compared to USD 41.15 billion in January 2020, an increment of 2.05%.
Hence India becomes a net importer in January 2021 with a trade deficit of USD 14.75 billion, as compared to trade deficit of USD 15.30 billion in January 2020, declined by 3.57%.
Value of Products
Value of non-petroleum and non-gems and jewellery exports in January 2021 was USD 22.40 billion as compared to USD 19.79 billion in January 2020, a positive growth of 13.21%.
Non-oil, non-GJ (gold, silver & Precious metals) imports were USD 26.35 billion in January 2021, as compared to non-oil and non-GJ imports of USD 24.87 billion in January 2020, also a positive growth of 5.94%.
Top 5 commodity groups of export which recorded positive growth during January 2021 vis-à-vis January 2020 are: Other Cereals (313.88%), Oil meals (253.06%), Iron Ore (108.66%), Cereal preparations and miscellaneous processed item(43.62%), and Jute manufacturing including floor covering(27.64%).
Top 5 commodity groups of import showing a fall in January 2021vis-à-vis January 2020: Silver (-95.77%), Newsprint (-80.81%), Project Good (-62.16), Leather & leather products (-37.73%), and Petroleum, Crude & products (-27.72).Disclaimer: We donot claim that the images used as part of the news published are always owned by us. From time to time, we use images sourced as part of news or any related images or representations. Kindly take a look at our image usage policy on how we select the image that are used as part of the news.