India’s Foreign Trade from Apr-Sep 2020 sees surplus of US$ 17.74B

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

India’s overall exports (Merchandise and Services combined) in April-September2020-21* are estimated to be USD 221.86Billion, exhibiting a negative growth of (-)16.66per cent over the same period last year. Overall imports in April-September 2020-21* are estimated to be USD 204.12Billion, exhibiting a negative growth of (-)35.43per cent over the same period last year.

Merchandise Value – Total Exports USD 125.25 Billion (down by 21.31%), Total Imports USD 148.69 billion (down by 40.06%), Total Trade Deficit USD 23.44 billion

Services Value – Total Exports USD 96.62 billion (down by 9.75%), Total Imports USD 55.44 billion (down by 18.54%), Net of Services USD 41.18 billion

Overall Trade – Exports USD 221.86 billion (down by 16.66%), Imports USD 204.12 billion (down by 35.43%), Trade Surplus USD 17.74 billion

Note: The latest data for services sector released by RBI is for August 2020. The data for September 2020 is an estimation, which will be revised based on RBI’s subsequent release ii) the figures in bracket are growth rates vis-à-vis corresponding period of last year.