Speed Post News Network
New Delhi : India’s merchandise exports in March 2021 were USD 34 billion as compared to USD 21.49 billion in March 2020, an increase of 58.23%. Exports during April-March 2020-21 were USD 290.18 billion compared to USD 313.36 billion during the same period of last year, exhibiting a negative growth of 7.40%.
India’s merchandise imports in March 2021 were USD 48.12 billion compared to USD 31.47 billion in March 2020, an increase of 52.89%. Merchandise imports during April-March 2020-21 were USD 388.92 billion, as compared to USD 474.71 billion during the same period of last year, exhibiting a negative growth of 18.07%. India is thus a net importer in March 2021, with a trade deficit of USD 14.11 billion.
In March 2021, the value of non-petroleum exports was USD 30.79 billion compared to USD 18.97 billion in March 2020, registering a positive growth of 62.3%. The value of non-petroleum and non-gems and jewellery exports in March 2021 was USD 27.25 billion compared to USD 16.95 billion in March 2020, registering a positive growth of 60.72%. The cumulative value of non-petroleum and non-gems and jewellery exports in April-March 2020-21 was USD 238.54billion, as compared to USD 236.17 billion for the corresponding period in 2019-20, exhibiting a growth of 1.0%.
In March 2021, Oil imports were USD 10.17 billion compared to USD 10.05 billion in March 2020, a growth of1.22%. Oil imports in April-March 2020-21 were USD 82.25 billion showing a decline of 37.0%.
Non-oil imports in March 2021 are estimated at USD 37.95 billion compared to USD 21.42 billion in March 2020, showing an increase of 77.12%. Non-oil imports in April-March 2020-21 were USD 306.67 billion compared to USD 344.16 billion, registering a decline of 10.89% during the same period of the last year.
Major commodities of export which have recorded positive growth during March 2021 vis-à-vis March 2020 are: Other cereals (323.65%), Oil meals (228.40%), Iron ore (194.98%), Jute mfg. Including floor covering (105.19%),Carpet (89.86%), Electronic Goods (88.69%), Gems and Jewellery (75.57%), Engineering goods (70.28%), Cereal preparations and miscellaneous processed item (67.08%), Rice (65.23%), Spices (59.04%), Cotton yarn/fabrics/made-ups, handloom products etc. (55.43%), Meat, dairy and poultry products (52.84%),Ceramic products and glassware (52.57%), Drugs and pharmaceuticals (47.37%), Organic and Inorganic Chemicals (45.18%), Plastic and linoleum (45.12%), Handicrafts excl. Hand-made carpet (42.59%), Marine products (40.80%), Man-made yarn/fabrics/made-ups etc. (30.69%), Mica, coal and other ores, minerals including process (30.29%), Petroleum products (27.49%), RMG of All Textiles (27.35%), Coffee (23.31%), Fruits and vegetables (22.98%), Leather and leather manufactures (18.27%), Tobacco (15.5%), and Tea (7.73%), according to a PIB release.
Remaining two commodities of which export have recorded negative growth during March 2021 vis-à-vis March 2020 are Oil Seeds (-6.6%), and Cashew (-1.95%).