Nov 14: Government of India, Ministry of Commerce and Industry released the Foreign Trade statistics of the country for the period of April to October 2020. The highlights of the reports is as follows
India’s overall exports (Merchandise and Services combined) in April-October 2020-21* are estimated to be USD 265.09 Billion, exhibiting a negative growth of (-)14.53percent over the same period last year. Overall imports in April-September 2020-21* are estimated to be USD 248.58 Billion, exhibiting a negative growth of (-)31.89percent over the same period last year.
Merchandise Value – Total Exports USD 150.14 Billion (down by -19.02%), Total Imports USD 182.29 billion (down by -36.28%), Total Trade Deficit USD 32.16 Billion
Services Value – Total Exports USD 114.96 billion (down by -7.86 %), Total Imports USD 66.29 billion (down by -16.00 %), Net of Services USD 48.67 Billion
Overall Trade – Exports USD 265.09 billion (down by -14.53%), Imports USD 248.58 Billion (down by -31.89%), Trade Surplus USD 16.52 billion
Note: The latest data for the services sector released by RBI is for September 2020. The data for October 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 the corresponding period of last year.