India’s Merchandise Trade Preliminary Data for December 2020
·
Gold, Electronics Goods, Edible Shows Huge Rise in Dec. 2020
India’s merchandise exports in December 2020 was USD 26.89 billion,
as compared to USD 27.11 billion in December 2019 a marginal fall of 0.80%
India’s merchandise imports in December 2020 was USD 42.60 billion,
as compared to USD 39.59 billion in December 2019 an increment of 7.6%
India is a net importer in December 2020, with a trade deficit of
USD 15.71 billion as compared to trade deficit of USD 12.49 billion in December
2019
Value of non-petroleum and non-gems and jewellery
exports in December 2020 was USD 22.15 billion, as compared to USD 21.06 billion
in December 2019, a growth of 5.17%
Non-oil, non-GJ imports were USD 26.10 billion in December 2020 as
compared to USD 24.07 billion in December 2019, a growth of 8.42%
Top 5 commodity groups of export having recorded positive growth
during December 2020 vis-à-vis December 2019: Other Cereals (262.62%), Oil meals
(192.60%), Iron Ore (69.26%), Cereal preparations and miscellaneous processed item
(45.41%), Jute manufacturing including floor covering (21.93%)
Top 5 commodity groups of import showing a fall in December 2020
vis-à-vis December 2019: Silver (-90.52%), Newsprint (-76.27%), Leather & leather
products (-38.93%), Transport equipment (-32.05%), Cotton Raw and Waste (-28.79%)
[MoC&I Press Release/02.01.2021]
India’s merchandise exports in December 2020 was
USD 26.89 billion, as compared to USD 27.11 billion in December 2019, a marginal
fall of 0.80%. Exports during April-December 2020-21 were USD 200.55 billion, as
compared to USD 238.27 billion during the same period last year, exhibiting a negative
growth of 15.8%.
India’s merchandise imports in December 2020 were
USD 42.60 billion, as compared to USD 39.59 billion in December 2019, an increase
of 7.6%. Merchandise imports during April-December 2020-21 were USD 258.29 billion,
as compared to USD 364.18 billion during the same period last year, exhibiting a
negative growth of 29.08%.
India is thus a net importer in December 2020,
with a trade deficit of USD 15.71 billion, as compared to trade deficit of USD 12.49
billion, widened by 25.78%.
In December 2020, the value of non-petroleum exports
was USD 24.73 billion, registering a positive growth of 5.33% over December 2019.
The value of non-petroleum and non-gems and jewellery
exports in December 2020 was USD 22.15 billion as compared to USD 21.06 billion
in December 2019, registering a positivegrowth of 5.17%.
The cumulative value of non-petroleum and non-gems and jewellery
exports in April-December 2020-21 was USD 166.26 billion, as compared to USD 178.15
billion for the corresponding period in 2019-20, exhibiting a decrease of 6.7%.
In December 2020, Oil imports were USD 9.61 billion,
as compared to USD 10.72 billion in December 2019, a decline by 10.37%. Oil imports
in April-December 2020-21 were USD 53.71 billion, as compared to USD 96.71 billion,
showing a decline of 44.46%.
Non-oil imports in December 2020 were estimated
at USD 33.0 billion, as compared to USD 28.88 billion in December 2019, showing
an increase of 14.27%. Non-oil imports in April-December 2020-21 were USD 204.57
billion, as compared to USD 267.47 billion, registering a decline of 23.52% during
the same period of the last year.
Non-oil, non-GJ (gold, silver &Precious metals)
imports were USD 26.10 billion in December 2020, recording a positive growth of
8.42%, as compared to non-oil and non-GJ imports of USD 24.07 billion in December
2019. Non-oil and non-GJ imports were USD 175.29 billion in April-December 2020-21,
recording a negative growth of 22.08%, as compared to non-oil and non-GJ imports
of USD 224.96 billion in April-December 2019-20.
Major commodities of export which have recorded
positive growth during December 2020 vis-à-vis December 2019 are: Other cereals
(262.62%), Oil meals (192.60%), Iron ore (69.26%), Cereal preparations and miscellaneous
processed item (45.41%), Jute mfg. Including floor covering (21.93%), Handicrafts
excl. Hand-made carpet (21.70%), Carpet (21.12%), Ceramic products and glassware
(19.11%), Drugs and pharmaceuticals (17.44%), Spices (17.06%), Electronic Goods
(16.44%), Fruits and vegetables (12.82%), Organic and Inorganic Chemicals (10.73%),
Cotton yarn/fabrics/made-ups, handloom products etc. (10.09%), Rice (8.60%), Meat, dairy and poultry products
(6.79%), Gems and Jewellery (6.75%), Mica, coal and other
ores, minerals including process (6.02%), Tea (4.47%), Engineering goods (0.12%).
Major commodities of export which have recorded
negative growth during December 2020 vis-à-vis December 2019 are Petroleum products
(40.47%), Oil Seeds (31.80%), Leather and leather manufactures (17.74%), Coffee
(16.39%), RMG of All Textiles (15.07%), Man-made yarn/fabrics/made-ups etc. (14.61%),
Marine products (14.27%), Cashew (12.04%), Plastic and linoleum (7.43%), Tobacco
(4.95%).
Major commodity groups of import showing positive
growth in December 2020 over the corresponding month of last year are: Pulses (245.15%),
Sulphur & Unroasted Iron Pyrites (197.41%), Gold (81.82%), Vegetable Oil (43.50%),
Chemical material & products (41.51%), Dyeing/tanning/colouring
materials (32.64%), Artificial resins, plastic materials, etc. (32.20%), Non-ferrous
metals (28.11%), Organic & Inorganic Chemicals (23.30%), Electronic goods (20.90%),Textile
yarn Fabric, made-up articles (18.39%), Project Goods (15.27%), Wood & Wood
products (14.03%), Machine tools (13.46%), Iron & Steel (12.67%), Pearls, precious
& Semi-precious stones (7.81%), Fertilisers, Crude
& manufactured (1.42%), Medicinal &
Pharmaceutical products (1.2%), Machinery, electrical & non-electrical (0.57%),
Fruits & vegetables (0.34%).
Major commodity groups of import showing negative
growth in December 2020 over the corresponding month of last year are: Silver (90.52%),
Newsprint (76.27%), Leather & leather products (38.93%), Transport equipment
(32.05%), Cotton Raw & Waste (28.79%), Metaliferrous
ores & other minerals (24.42%),Pulp and Waste paper (12.11%),Petroleum, Crude
& products (10.37%), Coal, Coke & Briquettes, etc. (7.27%), Professional
instrument, Optical goods, etc. (1.54%).
Merchandise
Trade: Preliminary Data, December 2020
Summary
Value in USD Billion
|
|
Total |
Non-Petroleum |
Non-
Petroleum and Non-Gems & Jewellery |
|||||||
|
2019-20 |
2020-21 |
%
change |
2019-20 |
2020-21 |
%
change |
2019-20 |
2020-21 |
%
change |
||
|
Exports |
27.11 |
26.89 |
-0.80 |
23.48 |
24.73 |
5.33 |
21.06 |
22.15 |
5.17 |
|
|
Imports |
39.59 |
42.60 |
7.6 |
28.88 |
33.00 |
14.27 |
24.07 |
26.10 |
8.42 |
|
|
Deficit |
-12.48 |
-15.71 |
-25.88 |
-5.4 |
-8.27 |
-53.15 |
-3.01 |
-3.95 |
-31.23 |
|
|
|
|
|
|
|
||||||
Change by
top Commodity Groups
Value in
USD Million
|
Top
Increase in December 2020 as compared to December 2019 |
Top
Decline in December 2020 as compared to December 2019 |
|||||
|
Commodity
group |
Change
in value |
%
change |
Commodity
group |
Change
in value |
%
change |
|
|
Export |
DRUGS AND PHARMACEUTICALS |
327.27 |
17.44 |
PETROLEUM PRODUCTS |
-1469.85 |
-40.47 |
|
ORGANIC AND INORGANIC CHEMICALS |
202.28 |
10.73 |
RMG OF ALL TEXTILES |
-212.11 |
-15.07 |
|
|
ELECTRONIC GOODS |
176.75 |
16.44 |
MARINE PRODUCTS |
-93.69 |
-14.27 |
|
|
Import |
Gold |
2018.55 |
81.82 |
Petroleum,
Crude & products |
-1111.28 |
-10.37 |
|
Electronic
goods |
870.95 |
20.90 |
Transport
equipment |
-1029.51 |
-32.05 |
|
|
Vegetable
Oil |
366.96 |
43.50 |
Metaliferrous
ores & other minerals |
-137.08 |
-24.42 |
|