Speed Post News Network
New Delhi : India’s merchandise exports in September 2020 were USD 27.40 billion as compared to USD 26.02 billion in September 2019 showing a positive growth of 5.27 per cent. Exports during April-September 2020-21 were USD 125.06 billion exhibiting a negative growth of 21.43 per cent over the same period last year.
The value of merchandise imports in September 2020 was USD 30.31 billion as compared to USD 37.69 billion in September 2019, a decline of 19.60 per cent. Merchandise imports during April-September 2020-21 were USD 148.69 billion as compared to USD 248.08 billion during the same period last year exhibiting a negative growth of 40.06 per cent. India is thus a net importer in September 2020 with a trade deficit of USD 2.91 billion showing a substantial improvement of 75.06 per cent.
In September 2020, the value of non-petroleum exports was USD 23.81 billion registering a positive growth of 5.44 per cent over September 2019. The value of non-petroleum and non-gems and jewellery exports in September 2020 was USD 21.11 billion as compared to USD 19.00 billion in September 2019 registering a positive growth of 11.12 per cent. The cumulative value of non-petroleum and non-gems and jewellery exports in April-September 2020-21 was USD 104.35 billion as compared to USD 118.65 billion for the corresponding period in 2019-20 exhibiting a decrease of 12.05 per cent, according to a PIB release.
In September 2020, Oil imports were USD 5.82 billion as compared to USD 9.09 billion in September 2019, a decline by 35.92 per cent. Oil imports in April-September 2020-21 were USD 31.85 billion as compared to USD 65.20 billion showing a decline of 51.14 per cent. Non-oil imports in September 2020 were estimated at USD 24.48 billion as compared to USD 28.61 billion in September 2019 showing a decline of 14.41 per cent.
Major commodities of export, which have recorded positive growth during September 2020 vis-à-vis September 2019, are: Other cereals (304.71%), Iron ore (109.52%), Rice (92.44%), Oil meals (43.90%), Carpet (42.89%), Ceramic products and glassware (35.92%), Oil seeds (35.42%), Cereal preparations and miscellaneous processed item (33.54%), Drugs and pharmaceuticals (24.36%), Handicrafts excl handmade carpet (21.40%), Meat, dairy and poultry products (19.96%), Jute mfg. including floor covering (18.62%), Cotton yarn/fabs./madeups, handloom products etc. (14.82%), Tobacco (11.09%), Rmg of all textiles (10.21%), Spices (10.07%), Plastic and linoleum (6.50%), Petroleum products (4.17%), Engineering goods (3.73%), Organic and inorganic chemicals (2.87%), Coffee (0.79%) and Electronic goods (0.04%).
Major commodities of export which have recorded negative growth during September 2020 vis-à-vis August 2019 are Cashew (-44.25%), Gems & Jewellery (-24.66%), Man-made yarn/fabs./made-ups etc. (-9.13%), Mica, Coal & other ores, minerals including processed minerals (-7.86%), Marine products (-5.41%), Leather & leather products (-3.67%), Fruits and vegetables (-3.00%), and Tea (-2.64%).
Major commodity groups of import showing negative growth in September 2020 over the corresponding month of last year are: Silver (-93.92%), Cotton Raw and Waste (-82.02%), Newsprint (-62.44%), Gold (-52.85%), Transport equipment (-47.08%), Leather & leather products (-43.80%) and Sulphur & Unroasted Iron Pyrts (-40.47%).