New Delhi, 2nd December 2020
India’s merchandise exports in November 2020 were USD 23.43 billion, as compared to USD 25.77 billion in November 2019, a fall of 9.07%.
India’s merchandise imports in November 2020 were USD 33.39 billion, as compared to USD 38.52 billion in November 2019, a decline of 13.33%.
India is thus a net importer in November 2020, with a trade deficit of USD 9.96 billion, as compared to trade deficit of USD 12.75 billion, improvement by 21.93%.
Value of non-petroleum and non-gems and jewellery exports in November 2020 was USD 19.26 billion, as compared to USD 19.37 billion in November 2019, a negative growth of 0.59%.
Non-oil, non-GJ (gold, silver & Precious metals) imports were USD 22.25 billion in November 2020, as compared to non-oil and non-GJ imports of USD 22.44 billion in November 2019, a negative growth of 0.84%.
Top 5 commodity groups of export which have recorded positive growth during November 2020 vis-à-vis November 2019 are: Other Cereals (164.67%), Oil meals (70.54%), Iron Ore (68.15%), Rice (24.41%), Ceramic Products and Glassware (20.98%).
Top 5 commodity groups of import showing a fall in November 2020 vis-à-vis November 2019 are: Silver (-89.71%), Cotton Raw and Waste (-74.09%), Newsprint (-69.96%), Project goods (-53.01%), Leather & leather products(-46.81%).
New Delhi, 2nd December 2020
India’s merchandise exports in November 2020 were USD 23.43 billion, as compared to USD 25.77 billion in November 2019, a fall of 9.07%. Exports during April-November 2020-21 were USD 173.49 billion, as compared to USD 211.17 billion during the same period last year, exhibiting a negative growth of 17.84%.
India’s merchandise imports in November 2020 were USD 33.39 billion, as compared to USD 38.52 billion in November 2019, a decline of 13.33%. Merchandise imports during April-November 2020-21 were USD 215.67 billion, as compared to USD 324.59 billion during the same period last year, exhibiting a negative growth of 33.56%.
India is thus a net importer in November 2020, with a trade deficit of USD 9.96 billion, as compared to trade deficit of USD 12.75 billion, improvement by 21.93%.
In November 2020, the value of non-petroleum exports was USD 21.95 billion, registering a negative growth of 0.03% over November 2019. The value of non-petroleum and non-gems and jewellery exports in November 2020 was USD 19.26 billion as compared to USD 19.37 billion in November 2019, registering a negative growth of 0.59%. The cumulative value of non-petroleum and non-gems and jewellery exports in April-November 2020-21 was USD 144.04 billion, as compared to USD 157.09 billion for the corresponding period in 2019-20, exhibiting a decrease of 8.30%.
In November 2020, Oil imports were USD 6.27 billion, as compared to USD 11.07 billion in November 2019, a decline by 43.36%. Oil imports in April-November 2020-21 were USD 44.10 billion, as compared to USD 85.99 billion, showing a decline of 48.71%.
Non-oil imports in November 2020 were estimated at USD 27.12 billion, as compared to USD 27.45 billion in November 2019, showing a decline of 1.22%. Non-oil imports in April-November 2020-21 were USD 171.57 billion, as compared to USD 238.60 billion, registering a decline of 28.09% during the same period of the last year.
Non-oil, non-GJ (gold, silver &Precious metals) imports were USD 22.25 billion in November 2020, recording a negative growth of 0.84%, as compared to non-oil and non-GJ imports of USD 22.44 billion in November 2019. Non-oil and non-GJ imports were USD 149.17 billion in April-November 2020-21, recording a negative growth of 25.74%, as compared to non-oil and non-GJ imports of USD 200.89 billion in April-November 2019-20.
Major commodities of export which have recorded positive growth during November 2020 vis-à-vis November 2019 are: Other cereals (164.67%), Oil meals (70.54%), Iron ore (68.15%), Rice (24.41%), Ceramic products and glassware (20.98%), Handicrafts excl. Hand-made carpet (17.71%), Cereal preparations and miscellaneous processed item (16.75%), Carpet (15.58%), Jute mfg. Including floor covering (14.06%),Spices (12.12%), Drugs and pharmaceuticals (11.13%), Tobacco (8.64%), Cotton yarn/fabrics/made-ups, handloom products etc. (8.38%), Fruits and vegetables (5.33%), Tea (5.02%), Gems and Jewellery (4.11%), Mica, coal and other ores, minerals including process (2.23%),Meat, dairy and poultry products (1.34%), Electronic Goods (0.95%).
Major commodities of export which have recorded negative growth during November 2020 vis-à-vis November 2019 are Petroleum products (61.05%), Leather and leather manufactures (29.80%), Cashew (24.90%), Plastic and linoleum (23.34%), Marine products (16.11%), Oil Seeds (15.30%), Man-made yarn/fabrics/made-ups etc. (11.14%), Engineering goods (8.27%), Organic and Inorganic Chemicals (8.09%), Coffee (1.27%), RMG of All Textiles (1.20%).
Major commodity groups of import showing positive growth in November 2020 over the corresponding month of last year are: Fruits & vegetables (66.81%), Chemical material & products (36.08%), Vegetable Oil (34.02%), Fertilisers, Crude & manufactured (29.25%), Pulses (18.16%), Dyeing/tanning/colouring materials (18.07%), Electronic goods (12.25%), Non-ferrous metals (9.04%), Metaliferrous ores & other minerals (4.15%), Gold (2.65%), Medcnl. & Pharmaceutical products (0.88%).
Major commodity groups of import showing negative growth in November 2020 over the corresponding month of last year are: Silver (89.71%), Cotton Raw & Waste (74.09%), Newsprint (69.96%), Project Goods (53.01%), Leather & leather products (46.81%), Petroleum, Crude & products (43.36%), Sulphur & Unroasted Iron Pyrites (34.64%),Machine tools (26.55%), Wood & Wood products (19.81%), Transport equipment (19.62%), Pulp and Waste paper (17.09%), Machinery, electrical & non-electrical (13.37%), Textile yarn Fabric, made-up articles (13.09%), Coal, Coke & Briquettes, etc. (12.15%), Iron & Steel (10.14%), Professional instrument, Optical goods, etc. (8.30%), Pearls, precious & Semi-precious stones (7.16%),Artificial resins, plastic materials, etc. (3.45%), Organic & Inorganic Chemicals (3.23%).
|
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 |
25.77 |
23.43 |
-9.07 |
21.95 |
21.95 |
-0.03 |
19.37 |
19.26 |
-0.59 |
|
Imports |
38.52 |
33.39 |
-13.33 |
27.45 |
27.12 |
-1.22 |
22.44 |
22.25 |
-0.84 |
|
Deficit |
-12.75 |
-9.96 |
-21.93 |
-5.5 |
-5.17 |
-5.95 |
-3.07 |
-2.99 |
-2.47 |
Change by top Commodity Groups: Value in USD Million
Top Increase in November 2020 as compared to November 2019 |
Top Decline in November 2020 as compared to November 2019 |
|||||
Commodity group |
Change in value |
% change |
Commodity group |
Change in value |
% change |
|
Export |
DRUGS AND PHARMACEUTICALS |
199.15 |
11.13 |
PETROLEUM PRODUCTS |
-2330.61 |
-61.05 |
IRON ORE |
133.12 |
68.15 |
ENGINEERING GOODS |
-529.56 |
-8.27 |
|
RICE |
108.47 |
24.41 |
PLASTIC AND LINOELUM |
-154.23 |
-23.34 |
|
Import |
Electronic goods |
512.58 |
12.25 |
Petroleum, Crude & products |
-4799.93 |
-43.36 |
Vegetable Oil |
249.17 |
34.02 |
Machinery, electrical & non-electrical |
-395.88 |
-13.37 |
|
Chemical material & products |
208.24 |
36.08 |
Transport equipment |
-321.04 |
-19.62 |
YB/AP