India’s Export Performance Remained Impressive in April-2021

India’s export performance continues to be impressive in April 2021 with merchandise exports accelerating by an impressive 195.72 per cent over April 2020 levels and 17.62 per cent over the April 2019 levels.

According to an official statement, merchandise exports, excluding POL and Gems & Jewellery, have increased by 160.24 per cent in April 2021 over the same period of 2020-21 and by 20.47 per cent over the same period of 2019-20.

The economic recovery is also visible in the rising import growth of 167.05 per cent and 7.87 per cent during April 2021 over the same period of 2020-21 and 2019-20 respectively.

Service exports estimated for April 2021 are 21.17 billion dollars, registering a positive growth of 28.68 percent vis-à-vis April 2020. The estimated value of services import for April 2021 is 13.00 Billion dollars, registering a positive growth of 39.75 per cent vis-à-vis April 2020.

The estimated value of net of services export for April 2021 is 8.17 billion dollars registering a positive growth of 14.28 per cent vis-à-vis April 2020.

Major export commodities which have recorded positive growth in April include gems and jewellery, jute, pharmaceuticals, carpet, handicrafts, leather, electronic goods, oil meals, cashew, engineering, petroleum products, marine products and chemicals.

Gold imports surged to 6.12 billion dollars during the month under review as against 2.83 million dollars in April 2020.

Major commodity groups which showed positive growth in imports in April 2021 over the corresponding month of last year include electronic goods, transport equipment, minerals, machinery, textile yarn fabric, vegetable oil and iron and steel.