INDIA’S MERCHANDISE TRADE: Preliminary Data October 2021

India’s merchandise exports in October 2021 was USD 35.47 billion, an increase of 42.33% over USD 24.92 billion in October 2020 and an increase of 35.21% over USD 26.23 billion in October 2019.

India’s merchandise exports in April-October 2021 was USD 232.58 billion, an increase of 54.51% over USD 150.53 billion in April-October 2020 and an increase of 25.45% over USD 185.4 billion in April-October 2019.

India’s merchandise imports in October 2021 was USD 55.37 billion, an increase of 62.49% over USD 34.07 billion in October 2020 and an increase of 45.76% over USD 37.99 billion in October 2019.

India’s merchandise imports in April-October 2021 was USD 331.29 billion, an increase of 78.71%  over USD 185.38 billion in April-October 2020 and an increase of 15.81% over USD 286.07 billion in April-October 2019.

The trade deficit in October 2021 was USD 19.9 billion, while it was USD 98.71 billion during April-October 2021.

Statement 1: India’s Merchandise Trade in October 2021
	Value in Billion USD			% Growth
	Oct-21	Oct-20	Oct-19	Oct-21 over Oct-20	Oct-21 over Oct-19
Exports	35.47	24.92	26.23	42.33	35.21
Imports	55.37	34.07	37.99	62.49	45.76
Deficit	19.90	9.15	11.75	117.38	69.29

 

Statement 2: India’s Merchandise Trade in Apr-Oct 2021
	Value in Billion USD			% Growth
	Apr-Oct21	Apr-Oct20	Apr-Oct19	Apr-Oct 21 over Apr-Oct 20	Apr-Oct 21 over Apr-Oct 19
Exports	232.58	150.53	185.40	54.51	25.45
Imports	331.29	185.38	286.07	78.71	15.81
Deficit	98.71	34.85	100.67	183.22	-1.95

Value of non-petroleum exports in October 2021 was 30.27 USD billion, registering a positive growth of 29.63% over non-petroleum exports of USD 23.35 billion in October 2020 and a positive growth of 32.84% over non-petroleum exports of USD 22.79 billion in October 2019.

Value of non-petroleum imports was USD 40.94 billion in October 2021 with a positive growth of 45.82% over non-petroleum imports of USD 28.07 billion in October 2020 and a positive growth of 44.87% over non-petroleum imports of USD 28.26 billion in October 2019.

Statement 3: Merchandise Non-POL Trade in October 2021
	Value in Billion USD			% Growth
	Oct21	Oct20	Oct19	Oct21 over Oct20	Oct21 over Oct19
Exports	30.27	23.35	22.79	29.63	32.84
Imports	40.94	28.07	28.26	45.82	44.87

The cumulative value of non-petroleum exports in April-October 2021 was USD 199.41 billion, an increase of 45.59% over USD 136.96 billion in April-October 2020 and an increase of 24.09% over USD 160.7 billion in April-October 2019.

The cumulative value of non-petroleum imports in April-October 2021 was USD 243.89 billion, showing an increase of 65.41% compared to non-oil imports of USD 147.44 billion in April-October 2020 and an increase of 15.51% compared to non-oil imports of USD 211.14 billion in April-October 2019.

Statement 4: Merchandise Non-POL Trade Apr-Oct 2021
	Value in Billion USD			% Growth
	Apr-Oct21	Apr-Oct20	Apr-Oct19	Apr-Oct21 over Apr-Oct20	Apr-Oct21 over Apr-Oct19
Exports	199.41	136.96	160.70	45.59	24.09
Imports	243.89	147.44	211.14	65.41	15.51

Value of non-petroleum and non-gems and jewellery exports in October 2021 was USD 26.05 billion, registering a positive growth of 27.54% over non-petroleum and non-gems and jewellery exports of USD 20.43 billion in October 2020 and a positive growth of 36.59% over non-petroleum and non-gems and jewellery exports of USD 19.07 billion in October 2019.

Value of non-oil, non-GJ (gold, silver & Precious metals) imports was USD 32.42 billion in October 2021 with a positive growth of 39.29% over non-oil and non-GJ imports of USD 23.27 billion in October 2020 and a positive growth of 30.72% over non-oil and non-GJ imports of USD 24.8 billion in October 2019.

Statement 5: Merchandise Non-POL Non-GJ Trade in October 2021
	Value in Billion USD			% Growth
	Oct-21	Oct-20	Oct-19	Oct21 over Oct20	Oct21 over Oct19
Exports	26.05	20.43	19.07	27.54	36.59
Imports	32.42	23.27	24.80	39.29	30.72

The cumulative value of non-petroleum and non-gems and jewellery exports in April-October 2021 was USD 175.89 billion, an increase of 40.33% over cumulative value of non-petroleum and non-gems and jewellery exports of USD 125.35 billion in April-October 2020 and an increase of 27.72% over cumulative value of non-petroleum and non-gems and jewellery exports of USD 137.72 billion in April-October 2019.

Non-oil, non-GJ (Gold, Silver & Precious Metals) imports was USD 196.07 billion in April-October 2021, recording a positive growth of 50.91%, as compared to non-oil and non-GJ imports of USD 129.92 billion in April-October 2020 and a marginal positive growth of 9.87% over USD 178.45 billion in April-October 2019.

Statement 6: Merchandise Non-POL Non-GJ Trade Apr-Oct 2021
	Value in Billion USD			% Growth
	Apr-Oct 21	Apr-Oct 20	Apr-Oct 19	Apr-Oct 21 over Apr-Oct 20	Apr-Oct 21 over Apr-Oct 19
Exports	175.89	125.35	137.72	40.33	27.72
Imports	196.07	129.92	178.45	50.91	9.87

Top 10 major commodity groups, covering more than 80% of total exports, have shown positive growth in October 2021 over corresponding month of previous year, as stated below.

Statement 7: Exports of Top 10 Major Commodity Groups
	Value of Export (Million US$)		Share (%)	Growth (%)
Major Commodity Group	Oct '21	Oct '20	Oct '21	Oct '21 over Oct '20
Engineering Goods	9388.28	6229.91	28.19	50.70
Petroleum Products	5197.59	1567.31	14.69	231.63
Gems And Jewellery	4221.73	2926.82	9.67	44.24
Organic And Inorganic Chemicals	2569.28	1810.71	7.11	41.89
Drugs And Pharmaceuticals	2060.09	2078.92	6.14	-0.91
Electronic Goods	1347.93	966.29	3.91	39.50
Cotton Yarn/Fabrics/Made-ups Handloom Products Etc.	1332.75	912.34	3.89	46.08
RMG Of All Textiles	1252.90	1177.56	3.50	6.40
Marine Products	807.80	684.06	2.28	18.09
Plastic And Linoleum	781.49	599.55	2.25	30.35
Total of 10 Major Commodity Groups	28959.84	18953.48	81.62	52.79
Rest	6510.45	5966.93	18.38	9.11
Total Exports	35470.29	24920.41	100.00	42.33

Top 10 major commodity groups, covering about 78% of total imports, have shown below.

Statement 8: Imports of Top 10 Major Commodity Groups
	Import (Million US$)		Share (%)	Growth (%)
Major Commodity Group	Oct.'21	Oct.'20	Oct.'21	Oct.'21 over Oct.'20
Petroleum, Crude & products	14430.76	6000.27	26.06	140.50
Electronic goods	6811.03	5533.73	12.30	23.08
Gold	5106.14	2499.97	9.22	104.25
Machinery, electrical & non-electrical	3540.77	2497.29	6.39	41.78
Coal, Coke & Briquettes, etc.	3311.93	1512.88	5.98	118.92
Organic & Inorganic Chemicals	2620.62	1563.23	4.73	67.64
Pearls, precious & Semi-precious stones	2483.01	2291.40	4.48	8.36
Artificial resins, plastic materials, etc.	1727.27	1121.06	3.12	54.07
Vegetable Oil	1624.79	1018.08	2.93	59.59
Iron & Steel	1444.81	985.71	2.61	46.58
Total of 10 Major Commodity Groups	43101.12	25023.62	77.84	72.24
Rest	12266.92	9050.21	22.16	35.54
Total Imports	55368.04	34073.84	100.00	62.49

 

Merchandise trade: exports and imports rose sharply, widening the trade deficit in the latest preliminary data release. Preliminary October 2021 merchandise trade data show strong year on year increases in both exports and imports, with imports rising more steeply and producing a wider monthly and April-October trade deficit. The release disaggregates performance into petroleum, non petroleum and non petroleum non gems & jewellery categories, and identifies top commodity groups-such as engineering goods, petroleum products, electronic goods, gold and coal-as primary drivers of the export and import expansions.