Indian exports increase by 21.44% in one year, imports increase by 70%

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India’s exports (goods and services combined) in September 2021 are estimated at USD 54.06 billion, a growth of 21.44% compared to the same period last year and a growth of 26.03% compared to September 2019.

Imports in September 2021 are estimated at 68.49 billion USD, representing a growth of 70.00% compared to the same period last year and a growth of 44.11% compared to September 2019.

India’s exports (goods and services combined) in April-September 2021 are estimated at USD 312.47 billion, a growth of 40.52% compared to the same period last year and a growth of 18, 30% compared to April-September 2019. Imports in April-September 2021 are estimated at 341.10 billion USD, a positive growth of 64.91% compared to the same period last year and a positive growth of 9 , 31% from April to September 2019.

TRADE IN GOODS

EXPORTS (including re-exports)

Exports in September 2021 amounted to 33.79 billion USD, compared to 27.56 billion USD in September 2020, representing a growth of 22.63%.

In terms of rupees, exports were worth Rs.248,605.74 crore in September 2021, compared to Rs. 2,02,508.54 crore in September 2020, a growth of 22.76%. Compared to September 2019, exports in September 2021 showed an increase of 29.86% in dollars and 33.92% in rupees.

The commodities / commodity groups that recorded growth in September 2021 compared to September 2020 are coffee (62.55%), cashew (49.4%), petroleum products (47.91% ), cotton yarns / fab. / made up, looms. products, etc. (40.5%), engineering goods (36.83%), organic and inorganic chemicals (29.65%), synthetic / fabricated / fabricated yarns etc. (26.49%), electronics (26.33%), other grains (21.18%), fruits and vegetables (21.13%), precious stones and jewelry (19.71%), plastic and linoleum ( 18.61%), jute mfg. including floor coverings (16.04%), seafood (12.67%), RMG of all textiles (9.24%), mica, coal and other minerals, minerals including processed minerals (8.82%) , leather and leather products (7.41%), cereals preparations & various processed products (5.64%), Rice (5.62%), Carpets (4.42%), Tea (3.2%) and Crafts excl. Handmade carpet (2.29%).

The commodities / commodity groups that recorded negative growth during September 2021 compared to September 2020 are iron ore (-72.77%), meal (-39.05%), oilseeds (-26.77%), tobacco (-16.31%), Ceramic and glassware products (-14.15%), Spices (-13.56%), Meat, dairy products and poultry (-10.77 %) and Medicines and pharmaceuticals (-8.45%).

Decoded | Why Indian exports hit record highs

The cumulative value of exports for the period April-September 2021 was 197.89 billion dollars (Rs. 14 63,048.24 crore) against USD 125.62 billion (Rs. 9.41 358.09 crore) during the period April-September 2020, registering a positive growth of 57.53 percent in dollars (positive growth of 55.42 percent in rupees).

Compared with April-September 2019, exports in April-September 2021 showed positive growth of 24.33% in dollars and 31.35% in rupees.

NON OIL AND NON GEMS AND JEWELERY EXPORTS

Exports of non-petroleum products and other than precious stones and jewelry in September 2021 amounted to USD 25.34 billion, compared to USD 21.33 billion in September 2020, registering a positive growth of 18.82%.

Compared with September 2019, exports of non-petroleum products and other than precious stones and jewelry recorded in September 2021 a positive growth of 33.39%.

Exports of non-oil and non-precious stones and jewelry in April-September 2021 amounted to 149.89 billion USD, compared to 104.81 billion USD for the corresponding period in 2020-21, an increase of 43.02%.

Compared with April-September 2019, exports of non-petroleum products and other than precious stones and jewelry in April-September 2021 registered a positive growth of 26.34%.

IMPORTS

Imports in September 2021 amounted to 56.39 billion US dollars (4 14 812.41 crore rupees), an increase of 84.77% in dollars and 84.97% in rupees compared to imports of $ 30.52 billion (Rupee 2,24,254.02 crore) in September. 2020.

Imports in September 2021 registered positive growth of 49.59% in dollars and 54.27% in rupees compared to September 2019.

The cumulative value of imports for the period April-September 2021 was 276.02 billion USD (20 40 890.34 crore Rs), against 151.94 billion USD (11 39 032.05 crore) during the period April -September 2020, recording positive growth of 81.67 percent in dollars and positive growth of 79.18 percent in rupees.

Imports in April-September 2021 registered positive growth of 11.26% in dollars and positive growth of 17.59 percent in rupees compared to April-September 2019.

CRUDE AND NON-PETROLEUM IMPORTS

Oil imports in September 2021 amounted to 17.44 billion USD (1,28,268.20 crore rupees), or 199.27% ​​more in dollars (199.60% more in rupees), compared to 5. 83 billion dollars (42,812.53 crore rupees) in September. 2020.

Compared with September 2019, oil imports in September 2021 were 91.90% higher in dollars and 97.90% higher in rupees. Oil imports from April to September 2021 were $ 72.99 billion (Rs.539,582.43), 127.99% more in dollars (124.67% more in rupees) compared to to $ 32.01 billion (2,40,166.21 crore), over the same period last year.

Compared with April-September 2019, oil imports in April-September 2021 were 11.95% higher in dollars and 18.30% higher in rupees.

In this regard, it is mentioned that the world price of Brent ($ / bbl) increased by 81.55% in September 2021 compared to September 2020 according to available data from the World Bank.

Non-oil imports in September 2021 were estimated at 38.95 billion USD (2,86544.21 crore rupees), or 57.75% more in dollars (57.93% more in rupees), compared to 24.69 billion of dollars (1, Rs.). 81,441.49 crore) in September 2020.

Compared with September 2019, non-oil imports in September 2021 were 36.16% higher in dollars and 40.41% higher in rupees. Non-oil imports in April-September 2021 amounted to 203.03 billion USD (15 01 307.91 crore rupees), or 69.30% more in dollars (67.02% more in rupees), compared to 119.92 billion dollars (8 rupees). 98,865.84 crore) in April-September 2020.

Compared with April-September 2019, non-oil imports in April-September 2021 were 11.02% higher in dollars and 17.34% higher in rupees.

Non-oil and non-gold imports stood at US $ 33.84 billion in September 2021, registering a positive growth of 40.45%, compared to non-oil and non-gold imports of US $ 24.09 billion in September 2020.

Non-oil and non-gold imports in September 2021 registered a positive growth of 23.79% compared to September 2019. Non-oil and non-gold imports amounted to 179.07 billion USD in April-September 2021, registering a positive growth of 58.26%. compared to non-oil and non-gold imports of USD 113.15 billion in April-September 2020.

Non-oil and non-gold imports in April-September 2021 recorded a positive growth of 7.18% compared to April-September 2019.

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