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Indian Merchandise Exports in May 2021 Registered at USD 32.21 Billion WIth An Increase of 67.39% Over May 2020

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India’s merchandise exports in May 2021 was USD 32.21 billion, an increase of 67.39% over USD 19.24 billion in May 2020 and an increase of 7.93% over USD 29.85 billion in May 2019. India’s merchandise exports in Apr-May 2021 was USD 62.84 billion, an increase of 112.29% over USD 29.6 billion in Apr-May 2020 and an increase of 12.44% over USD 55.88 billion in Apr-May 2019.

India’s merchandise imports in May 2021 was USD 38.53 billion, an increase of 68.54% over USD 22.86 billion in May 2020 and a decline of 17.47% over USD 46.68 billion in May 2019. India’s merchandise imports in Apr-May 2021 was USD 84.25 billion, an increase of 110.73% over USD 39.98 billion in Apr-May 2020 and a decrease of 5.41% over USD 89.07 billion in Apr-May 2019.

India is thus a net importer in May 2021 with a trade deficit of USD 6.32 billion, increase of 74.69% over trade deficit USD 3.62 billion in May 2020 and reduction by 62.49% over trade deficit USD 16.84 billion in May 2019.

In May 2021, the value of non-petroleum exports was USD 26.94 billion, registering a positive growth of 54.06% over USD 17.49 billion in May 2020 and a positive growth of 8.08% over USD 24.92 billion in May 2019. The value of non-petroleum and non-gems and jewellery exports in May 2021 was USD 23.97 billion, registering a positive growth of 45.96% over USD 16.42 billion in May 2020 and a positive growth of 11.51% over USD 21.5 billion in May 2019. The cumulative value of non-petroleum and non-gems and jewellery exports in April-May 2021 was USD 47.59 billion, an increase of 86.64% over USD 25.5 billion in April-May 2020 and an increase of 15.78% over USD 41.11 billion in April-May 2019.

In May 2021, Oil imports was USD 9.45 billion, a positive growth of 164.46% compared to USD 3.57 billion in May 2020 and a negative growth of 24.94 compared to USD 12.59 billion in May 2019. In Apr-May 2021, Oil imports was USD 20.32 billion, a positive growth of 146.79% compared to USD 8.24 billion in Apr-May 2020 and a negative growth of 15.86 compared to USD 24.16 billion in Apr-May 2019.

Non-oil imports in May 2021 was estimated at USD 29.08 billion, showing an increase of 50.77% compared to USD 19.29 billion in May 2020 and a decrease of 14.71% compared to USD 34.09 billion in May 2019. Non-oil imports in Apr-May 2021 was estimated at USD 63.93 billion, showing an increase of 101.37% compared to USD 31.75 billion in Apr-May 2020 and a decrease of 1.52% compared to USD 64.91 billion in Apr-May 2019.

Non-oil, non-GJ (gold, silver & Precious metals) imports was USD 26.14 billion in May 2021, recording a positive growth of 41.32%, as compared to non-oil and non-GJ imports of USD 18.5 billion in May 2020 and a negative growth of 4.08% over USD 27.25 billion in May 2019. Non-oil, non-GJ (gold, silver &Precious metals) imports was USD 52.27 billion in Apr-May 2021, recording a positive growth of 69.44%, as compared to non-oil and non-GJ imports of USD 30.85 billion in Apr-May 2020 and a positive growth of 1.07% over USD 51.71 billion in Apr-May 2019.

Major commodity groups of export showing positive growth in May 2021 over May 2019 are: Other cereals (376.04%), Iron ore (154.82%), Cereal preparations and miscellaneous processed item (25.48%), Cotton yarn/fabrics/made-ups, handloom products etc. (24.85%), Jute mfg. including floor covering (20.99%), Rice (20.37%), Ceramic products and glassware (20.32%), Engineering goods (16.09%), Plastic and linoleum (12.91%), Mica, coal and other ores, minerals including process (12.0%), Carpet (11.21%), Drugs and pharmaceuticals (10.92%), Marine products (9.35%), Spices (9.13%), Meat, dairy and poultry products (7.52%), Petroleum products (7.16%), Organic and Inorganic Chemicals (6.26%), Electronic Goods (5.1%), and Man-made yarn/fabrics/made-ups etc. (1.46%).

Major commodity groups of export showing negative growth in May 2021 over May 2019 are: Leather and leather manufactures (-36.48%), Tea (-29.43%%), RMG of All Textiles (-27.59%), Oil Seeds (-24.47%), Oil meals (-19.49%), Handicrafts excl. Hand-made carpet (-19.48%), Gems and Jewellery (-13.4%), Fruits and vegetables (-8.32%), Cashew (-7.11%), Coffee (-4.71%), and Tobacco (-0.78%).

Major commodity groups of import showing positive growth in May 2021 over May 2019 are: Sulphur & Unroasted Iron Pyrites (472.02%), Professional instrument, Optical goods, etc. (112.98%), Vegetable Oil (75.12%), Chemical material & products (45.91%), Pearls, precious & Semi-precious stones (33.75%), Medcnl. & Pharmaceutical products (29.38%), Artificial resins, plastic materials, etc. (16.34%), Pulp and Waste paper (14.53%), Metaliferrous ores & other minerals (11.42%), and Organic & Inorganic Chemicals (6.88%).

Major commodity groups of import showing negative growth in May 2021 over May 2019 are: Silver (-95.9%), Gold (-85.79%), Newsprint (-69.28%), Transport equipment (-50.81%), Pulses (-49.65%), Cotton Raw & Waste (-39.94%), Leather & leather products (-37.19%), Petroleum, Crude & products (-24.94%), Iron & Steel (-21.83%), Coal, Coke & Briquettes, etc.(-16.8%), Textile yarn Fabric, made-up articles (-14.48%), Machine tools (-13.05%), Electronic goods (-12.12%), Machinery, electrical & non-electrical (-11.5%), Fruits & vegetables (-6.31%), Fertilizers, Crude & manufactured (-5.28%), Project Goods (-4.25%), Wood & Wood products (-3.16%), Dyeing/tanning/colouring materials (-1.86%), and Non-ferrous metals (-0.63%).

 

MERCHANDISE TRADE: Preliminary Data, May 2021

Summary            Value in USD Billion

TotalNon-PetroleumNon- Petroleum and Non-Gems &Jewellery
2019-202020-212021-22% change 2021-22 over 2020-21% change 2021-22 over 2019-202019-202020-212021-22% change 2021-22 over 2020-21% change 2021-22 over 2019-202019-202020-212021-22% change 2021-22 over 2020-21% change 2021-22 over 2019-20
Exports29.8519.2432.2167.397.9324.9217.4926.9454.068.0821.5016.4223.9745.9611.51
Imports46.6822.8638.5368.54-17.4734.0919.2929.0850.77-14.7127.2518.5026.1441.32-4.08
Deficit16.843.626.3274.69-62.499.171.802.1418.82-76.655.752.072.174.57-62.31

Change by top Commodity Groups Value in USD Million

Top IncreaseTop Decline
Commodity groupChange (USD Million)%  changeCommodity groupChange (USD Million)%  change
EXPORT (MAY’21 OVER MAY’20)Petroleum products3516.63199.85Drugs and pharmaceuticals-107.20-5.42
Engineering goods3000.4353.14Fruits and vegetables-21.15-10.63
Gems and jewellery1904.94179.16Oil seeds-5.58-7.08
EXPORT (MAY ’20 OVER MAY’19)Drugs and pharmaceuticals291.4117.27Petroleum products-3163.92-64.26
Iron ore231.69102.75Gems and jewellery-2364.35-68.98
Rice46.547.26Engineering goods-1802.32-24.20
EXPORT (MAY ’21 OVER MAY’19)Engineering goods1198.1116.09Gems and jewellery-459.40-13.40
Petroleum products352.717.16Rmg of all textiles-421.74-27.59
Iron ore349.08154.82Leather and leather manufacturers-155.69-36.48
Top IncreaseTop Decline
Commodity groupChange (USD Million)%  changeCommodity groupChange (USD Million)%  change
IMPORT May’21 OVER May’20)Petroleum, Crude & products5878.19164.46Silver-318.47-95.31
Pearls, precious & Semi-precious stones1864.77490.39Transport equipment-213.00-15.32
Electronic goods1368.1747.55Iron & Steel-37.08-3.04
IMPORT (May’20 OVER May’19)Sulphur & Unroasted Iron Pyrts2.8856.72Petroleum, Crude & products-9018.66-71.62
Gold-4704.38-98.40
Electronic goods-1953.38-40.44
IMPORT (May ’21 OVER May’19) Vegetable Oil612.0575.12Gold-4101.52-85.79
Pearls, precious & Semi-precious stones566.4733.75Petroleum, Crude & products-3140.47-24.94
Professional instrument, Optical goods, etc.491.71112.98Transport equipment-1216.19-50.81

SMEStreet Edit Desk

SMEStreet Edit Desk is a small group of excited and motivated journalists and editors who are committed to building MSME ecosystem through valuable information and knowledge spread.

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