INDIA’S MERCHANDISE TRADE: Preliminary Data July 2021

Exports in July 2021 log 47.91 % increase in ( USD 35.17 billion) over the same period of 2020 (USD 23.78 billion)

Exports up by 34.06% over same period of 2019 (USD 26.23 billion)

Exports during April-July 2021 were USD 130.53 billion, up by 73.51% over the same period of 2020 (USD 75.10 billion) and up by 21.82% over same period of 2019 (USD 107.15 billion)

India’s merchandise exports in July 2021 was USD 35.17 billion, highest ever monthly achievement, which showed an increase of 47.91%  over USD 23.78 billion in July 2020 and an increase of 34.06% over USD 26.23 billion in July 2019.

Value of non-petroleum and non-gems and jewellery exports in July 2021 was USD 26.11 billion, registering a positive growth of 27.36% over non-petroleum and non-gems and jewellery exports of USD 20.5 billion in July 2020 and a positive growth of 32.25% over non-petroleum and non-gems and jewellery exports of USD 19.75 billion in July 2019.

Value of non-oil, non-GJ (gold, silver & Precious metals) imports was USD 26.66 billion in July 2021 with a positive growth of 35.11% over non-oil and non-GJ imports of USD 19.73 billion in July 2020 but had a marginal negative growth of 0.17% over non-oil and non-GJ imports of USD 26.7 billion in July 2019.

Top 5 commodity groups of export which have recorded positive growth during July 2021 vis-à-vis July 2020 are: Petroleum Products (215.68%), Gems and Jewellery (130.44%), Other Cereals (70.25%), Man-made Yarn/Fabrics/Made-ups etc. (58.67%) and Cotton Yarn/Fabrics/Made-ups, Handloom Products etc.  (48.02%).

Top 5 commodity groups of export which have recorded positive growth during July 2021 vis-à-vis July 2019 are: Other Cereals (530.65%), Petroleum Products (60.51%), Cotton Yarn/Fabrics/Made-ups, Handloom Products etc.  (58.86%), Engineering Goods (55.07%) and Rice (36.97%).

India’s merchandise exports in July 2021 was USD 35.17 billion, an increase of 47.91%  over USD 23.78 billion in July 2020 and an increase of 34.06% over USD 26.23 billion in July 2019. India’s merchandise exports in Apr-July 2021 was USD 130.53 billion, an increase of 73.51%  over USD 75.22 billion in Apr-July 2020 and an increase of 21.82% over USD 107.15 billion in Apr-July 2019.

In July 2021, the value of non-petroleum exports was USD 29.57 billion, registering a positive growth of 34.39% over USD 22.0 billion in July 2020 and a positive growth of 30.01% over USD 22.75 billion in July 2019.

The cumulative value of non-petroleum exports in April-July 2021 was USD 112.02 billion, an increase of 63.47% over USD 68.53 billion in April-July 2020 and an increase of 21.05% over USD 92.54 billion in April-July 2019.

The value of non-petroleum and non-gems and jewellery exports in July 2021 was USD 26.11 billion, registering a positive growth of 27.36% over non-petroleum and non-gems and jewellery exports of USD 20.5 billion in July 2020 and a positive growth of 32.25% over non-petroleum and non-gems and jewellery exports of USD 19.75 billion in July 2019.

The cumulative value of non-petroleum and non-gems and jewellery exports in April-July 2021 was USD 99.39 billion, an increase of 54.43% over cumulative value of non-petroleum and non-gems and jewellery exports of USD 64.36 billion in April-July 2020 and an increase of 24.12% over cumulative value of non-petroleum and non-gems and jewellery exports of USD 80.08 billion in April-July 2019.

Major commodity groups of export showing positive growth in July 2021 over July 2020 are – Petroleum Products (215.68%), Gems and Jewellery (130.44%), Other Cereals (70.25%), Man-Made Yarn/Fabrics/Made-ups Etc.  (58.67%), Cotton Yarn/Fabrics/Made-ups, Handloom Products Etc.  (48.02%), Marine Products (47.7%), Electronic Goods (47.59%), Engineering Goods (42.14%), Handicrafts Excl. Hand Made Carpet  (32.59%), RMG Of All Textiles (30.52%), Organic And Inorganic Chemicals (28.52%), Carpet (25.61%), Plastic And Linoleum  (23.9%), Jute Mfg. Including Floor Covering (22.52%), Leather And Leather Manufactures  (16.5%), Mica, Coal And Other Ores, Minerals Including Process (16.47%), Cereal Preparations And Miscellaneous Processed Item (16.37%), Ceramic Products And Glassware (6.97%) and Drugs And Pharmaceuticals (4.1%).

Major commodity groups of export showing negative growth in July 2021 over July 2020 are – Oil Seeds (-38.65%), Oil Meals (-35.69%), Meat, Dairy and Poultry Products (-31.97%), Tobacco (-10.35%), Spices (-10.29%), Tea (-8.97%), Rice (-7.85%), Cashew (-3.58%), Iron Ore (-3.5%), Coffee (-1.89%) and Fruits and Vegetables (-0.44%).

Major commodity groups of import showing positive growth in July 2021 over July 2020 are:

Sulphur & Unroasted Iron Pyrites (355.57%), Pulp and Waste paper (227.6%), Pearls, precious & Semi-precious stones (179.32%), Gold (135.56%), Non-ferrous metals (121.31%), Cotton Raw & Waste (115.19%), Coal, Coke & Briquettes, etc. (106.09%), Petroleum, Crude & products (97.06%), Wood &  Wood products (94.03%), Iron & Steel (75.61%), Metaliferrous ores & other minerals (71.8%), Fertilisers, Crude & manufactured (70.8%), Pulses (65.35%), Artificial resins, plastic materials, etc. (61.33%), Dyeing/tanning/colouring materials (54.42%), Organic & Inorganic Chemicals (46.59%), Textile yarn Fabric, made-up articles (43.96%), Fruits & vegetables  (36.9%), Chemical material & products (34.53%), Machinery, electrical & non-electrical (31.56%), Leather & leather products (30.59%), Machine tools (30.47%), Professional instrument, Optical goods, etc. (27.52%),  Vegetable Oil  (24.13%), Electronic goods (10.68%) and Medicinal & Pharmaceutical products (7.3%).

Only four commodity groups of import have shown a fall in July 2021 vis-à-vis July 2020. These are: Silver (-89.16%), Project Goods (-78.63%), Transport Equipment (-16.08%) and Newsprint (-3.49%).

 

MERCHANDISE TRADE: Preliminary Data, July 2021

Summary                                                                                Value in USD Billion

	Total					Non-Petroleum					Non- Petroleum and Non-Gems & Jewellery
	JUL 19	JUL 20	JUL 21	% change Jul21 over Jul20	% change Jul21 over Jul19	JUL 19	JUL 20	JUL 21	% change Jul21 over Jul20	% change Jul21 over Jul19	JUL 19	JUL 20	JUL 21	% change Jul21 over Jul20	% change Jul21 over Jul19
Exports	26.23	23.78	35.17	47.91	34.06	22.75	22.0	29.57	34.39	30.01	19.75	20.5	26.11	27.36	32.25
Imports	40.43	29.11	46.4	59.38	14.75	30.68	22.57	33.5	48.46	9.19	26.7	19.73	26.66	35.11	- 0.17
Deficit/Surplus	14.2	5.33	11.23	110.56	- 20.92	7.93	0.57	3.93	589.47	-50.44	6.95	-0.77	0.55	-171.43	-92.09

 

Change by top Commodity Groups in Export Value in USD Million

	Top Increase			Top Decline
	Commodity group	Change (USD Million)	%  change	Commodity group	Change (USD Million)	%  change
EXPORT (JUL’21 OVER JUL’20)	PETROLEUM PRODUCTS	3823.72	215.68	MEAT, DAIRY AND POULTRY PRODUCTS	-120.48	-31.97
	ENGINEERING GOODS	2822.26	42.14	RICE	-60.01	-7.85
	GEMS AND JEWELLERY	1957.79	130.44	OIL SEEDS	-48.25	-38.65
EXPORT (JUL ’20 OVER JUL’19)	ENGINEERING GOODS	558.25	9.09	PETROLEUM PRODUCTS	-1713.86	-49.15
	DRUGS AND PHARMACEUTICALS	335.98	19.51	GEMS AND JEWELLERY	-1500.30	-49.99
	RICE	250.15	48.64	RMG OF ALL TEXTILES	-301.23	-22.07
EXPORT (JUL ’21 OVER JUL’19)	ENGINEERING GOODS	3380.50	55.07	SPICES	-79.76	-19.07
	PETROLEUM PRODUCTS	2109.86	60.51	LEATHER AND LEATEHR MANUFACTURERS	-68.06	-14.93
	ORGANIC AND INORGANIC CHEMICALS	562.53	30.22	MEAT, DAIRY AND POULTRY PRODUCTS	-52.13	-16.90

 

Change by top Commodity Groups in Import Value in USD Million

	Top Increase			Top Decline
	Commodity group	Change (USD Million)	%  change	Commodity group	Change (USD Million)	%  change
IMPORT (JUL’21 OVER JUL’20)	Petroleum, Crude & products	6351.22	97.06	Transport equipment	-202.05	-16.08
	Gold	2418.99	135.56	Project goods	-154.49	-78.63
	Pearls, precious & Semi-precious stones	1687.24	179.32	Silver	-98.26	-89.16
IMPORT (JUL’20 OVER JUL’19)	Vegetable Oil	231.69	26.66	Petroleum, Crude & products	-3205.25	-32.88
	Medcnl. & Pharmaceutical products	126.14	20.82	Coal, Coke & Briquettes, etc.	-1097.52	-53.56
	Project goods	87.28	79.91	Machinery, electrical & non-electrical	-1050.66	-32.89
IMPORT (JUL’21 OVER JUL’19)	Petroleum, Crude & products	3145.97	32.27	Transport equipment	-1025.98	-49.32
	Gold	2490.40	145.38	Silver	-512.86	-97.72
	Pearls, precious & Semi-precious stones	886.72	50.92	Machinery, electrical & non-electrical	-373.91	-11.70

 

Merchandise export growth accelerates, driven by petroleum and gems & jewellery, improving trade balance despite rising imports. India's merchandise exports reached an all time monthly high in July 2021 with substantial year on year and pre pandemic increases, and April-July cumulative exports rose markedly. Non petroleum and non petroleum/non gems and jewellery exports also grew, supporting the export recovery beyond energy and precious metals trade. Commodity gains were concentrated in petroleum products, gems & jewellery, cereals, textiles and engineering goods, while several food and agricultural categories fell; imports strengthened notably in crude petroleum, gold and industrial inputs, influencing the monthly trade balance.