Loading...

⚠ ✕
❮ Top
☎ Help
☰
Income Tax ▸
Income Tax ▸
Allied (Direct Tax) ▸
Income Tax Case Laws ▸
DTAA ▸
International Taxation ▸
PMLA ▸
Benami Property ▸
Black Money ▸
Money Laundering ▸
Vivad ▸
Direct Tax ▸
Indirect Taxes ▸
GST ▸
Central GST ▸
Integrated GST + ▸
UTGST / SGST ▸
GST Case Laws + ▸
Customs ▸
Customs Act / Rules ▸
Notifications / Forms ▸
Circulars / Tariff ▸
Case Laws / Manual ▸
FTP/SEZ ▸
Foreign Trade ▸
Notifications / Circulars / Appendix / Forms ▸
Special Economic Zone (SEZ) ▸
Corp. Law ▸
Company Laws ▸
Standards / Trusts ▸
Partnership / LLP / Societies ▸
Case Laws ▸
FEMA ▸
FEMA / FCRA ▸
Notifications / Circulars ▸
Manual / FAQ ▸
FEMA Case Laws ▸
SEBI / IBC ▸
SEBI ▸
SEBI Case Laws ▸
IBC ▸
IBC - Case Laws ▸
Indian Laws ▸
Indian Laws ▸
Bharatiya Nyaya 2023 ▸
Finance Acts & Bills / Amendment Acts ▸
Case Laws ▸
Labour Laws ▸
Labour Code ▸
Old / Others ▸
Central Excise ▸
Central Excise - Cases ▸
Wealth Tax ▸
Service Tax ▸
Service Tax Cases ▸
CST / DVAT ▸
CST / VAT / Sales Tax ▸
×

By creating an account you can:

Logo TaxTMI
Keyword Search :
AI Tools : New
Ask tax questions in natural language. Powered by AI trained on the TaxTMI legal database. Use AI Tools ➞
Call Us / Help / Feedback✕

Contact Us At :

✉ E-mail: [email protected]

✆ Call / WhatsApp at: +91 99117 96707

For more information, Check Contact Us

FAQs :

To know Frequently Asked Questions, Check FAQs

Most Asked Video Tutorials :

For more tutorials, Check Video Tutorials

Submit Feedback/Suggestion :

Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters 0/2000
Make Most of Text Search ✕
  1. Checkout this video tutorial: How to search effectively on TaxTMI.
  2. Put words in double quotes for exact word search, eg: "income tax"
  3. Avoid noise words such as : 'and, of, the, a'
  4. Sort by Relevance to get the most relevant document.
  5. Press Enter to add multiple terms/multiple phrases, and then click on Search to Search.
    6. Text Search
  6. The system will try to fetch results that contains ALL your words.
  7. Once you add keywords, you'll see a new 'Search In' filter that makes your results even more precise.
    8. Text Search
╳
Add to...
You have not created any category. Kindly create one to bookmark this item!
✕
Create New Category
Hide
Title :
Description :
❮❮ Hide
❮ Default View
Expand ❯❯
Close ✕
🔎 News - Adv. Search ❯
TEXT SEARCH:

Press 'Enter' to add multiple search terms. Rules for Better Search

Search In:
Main Text + AI Text ❯
  • Main Text
  • Main Text + AI Text
  • AI Text
Category: ?
Categorized by AI
---- All Categories ---- ❯
  • ---- All Categories ----
  • Income Tax
  • GST
  • Customs, DGFT & SEZ
  • FEMA & RBI
  • Corp. Laws, SEBI & IBC
  • PMLA, Black Money & ED
  • Budget
  • News and Press Release
  • PTI News
Month:
---- All Months ---- ❯
  • ---- All Months ----
  • January
  • February
  • March
  • April
  • May
  • June
  • July
  • August
  • September
  • October
  • November
  • December
Year:
---- All Years ---- ❯
  • ---- All Years ----
  • 2026
  • 2025
  • 2024
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
Sort By: ?
In Sort By 'Default', exact matches for text search are shown at the top, followed by the remaining results in their regular order.
Relevance Default Date
    August 21, 2026
    Rupee gains 9 paise to 95.65 against US dollar in early trade
    August 21, 2026
    Union Minister of State for Finance Shri Pankaj Chaudhary participated virtually in 21st Award Ceremony of Security Printing and Minting Corporation o...
    August 20, 2026
    Over 745 gram gold paste seized at IGI; Customs nab carrier, receiver
    August 20, 2026
    Quebec remains cautious on Canada-US trade deal as Ottawa pushes to restore US alcohol
    August 20, 2026
    No cases of foreigners getting Aadhaar, other govt benefits reported during SIR in K'taka: Minister
    August 20, 2026
    Govt allows free imports of 10 lakh tn raw sugar until Oct 31; caps sugar stock for bulk consumers
    August 20, 2026
    Govt allows free imports of 10 lakh tn raw sugar until Oct 31
    August 20, 2026
    DFS Organises Workshop to Strengthen Implementation of Reservation Policy Across Public Financial Institutions
    August 20, 2026
    DPIIT Signs MoUs with PhonePe and Shell India to Strengthen Startup Ecosystem and Drive Innovation
    August 20, 2026
    Union Minister of Commerce and Industry Shri Piyush Goyal Strengthens India-Singapore Economic Partnership through High-Level Bilateral and Business E...
    August 20, 2026
    A Vision for Responsible AI, Resilient Banking - Keynote Address [Contributions by RBI colleagues Ms. Chandni Trehan Saluja and Ms. Kavita Gangwal, De...
    August 20, 2026
    Razorpay Launches Multi-Currency Account, Helping Exporters Retain International Earnings in Foreign Currencies
    August 20, 2026
    DB HiTek to Make Debut at electronica India 2026, Targeting Growth in Indian Market
    August 20, 2026
    BJP demands Vijayan’s resignation from Keralam LoP post over ED findings in CMRL case
    August 20, 2026
    Pakistan seeks USD 10 bn US facility to bolster forex stability
    August 20, 2026
    DRI busts a wildlife trafficking syndicate involved in illicit trade of ivory artefacts
    August 20, 2026
    Japan reports record exports, imports for July as energy costs climb
    August 19, 2026
    Five held in UP's Bareilly for alleged fake Ayushman cards racket
    August 19, 2026
    MSMEs are the true builders of India’s economic resilience: LG Sinha
    August 19, 2026
    RBI MPC preferred wait-and-watch stance amid food and fuel inflation risks: Minutes
❮
❯
❯❯
Maximize Maximize Maximize
0 / 200
Expand Note
Add to Folder

No Folders have been created

+

Are you sure you want to delete "My most important" ?

NOTE:

Open Link
News
Showing Results for :
Reset Filters
Results Found:
Show All Summaries Hide All Summaries
August 21, 2026
Rupee gains 9 paise to 95.65 against US dollar in early trade
Show AI Summary
Foreign currency inflows and FCNR(B) deposits supported rupee sentiment, while oil prices and geopolitical risks constrained currency strength.
The rupee strengthened marginally against the US dollar as the dollar index softened, but elevated crude oil prices, geopolitical uncertainty, reduced foreign participation and net foreign equity outflows constrained currency sentiment. RBI measures to attract foreign currency inflows, including FCNR(B) deposits, were expected to generate substantial inflows, although these had not produced meaningful rupee strength. Energy-market disruption and restrictions on fuel exports through the Strait of Hormuz added to external-sector pressures.
August 21, 2026
Union Minister of State for Finance Shri Pankaj Chaudhary participated virtually in 21st Award Ceremony of Security Printing and Minting Corporation of India Limited (SPMCIL) in New Delhi.
Show AI Summary
Sovereign security production priorities emphasise compliance, modernisation, employee innovation and operational excellence across currency, passport and coinage manufacturing.
SPMCIL performs a sovereign production mandate covering secure currency, coinage, passports and other products of national importance through its mints, currency presses, security presses and paper mill. Modernisation, compliance, transparency, efficiency, productivity, quality and corporate governance support the fulfilment of sovereign requirements. Individual employees and units were recognised for performance in productivity, environment and safety, energy conservation, knowledge and development, vigilance, and official-language implementation.
August 20, 2026
Over 745 gram gold paste seized at IGI; Customs nab carrier, receiver
Show AI Summary
Customs enforcement against suspected gold smuggling leads to baggage seizure and apprehension of the alleged intended receiver.
Customs officers intercepted an arriving passenger at the green channel on intelligence inputs and examined baggage after X-ray screening indicated suspicious images. The examination recovered two oval capsules containing gold paste concealed in the baggage. Interrogation indicated that an alleged receiver was waiting outside the airport to collect the suspected smuggled gold. Customs officers apprehended the alleged receiver, and further investigation remains underway.
August 20, 2026
Quebec remains cautious on Canada-US trade deal as Ottawa pushes to restore US alcohol
Show AI Summary
Provincial alcohol sales restrictions remain subject to economic impact assessment under proposed bilateral trade agreement negotiations.
Provincial control over alcohol distribution remains distinct from federal trade-making authority. Quebec retains authority over whether United States alcohol is offered through its government-controlled liquor distribution system, despite lacking a veto over a bilateral trade agreement. Federal requests to restore United States alcohol to retail shelves cannot compel provincial action. Proposed trade commitments also concern restrictions on United States agricultural products and Canada's dairy import regime, which applies lower tariffs within designated import volumes and higher duties beyond those volumes.
August 20, 2026
No cases of foreigners getting Aadhaar, other govt benefits reported during SIR in K'taka: Minister
Show AI Summary
Electoral-roll verification found no reported cases of specified foreign nationals receiving identity-linked benefits or voter registration.
Electoral-roll special intensive revision recorded no reported cases of Pakistani, Bangladeshi or Iranian nationals obtaining Aadhaar cards, ration cards, other government benefits, or voter registration. Illegal immigrants are identified through police monitoring, intelligence measures, specialised operations and a Special Task Force. Overstayers are recorded through the District Police Module and Foreigners Identification Portal and produced before Foreigners Regional Registration Officer authorities. Persons found to be residing illegally are reported to the concerned central divisions, proceeded against through registered cases, retained pending case disposal and exit permits, and subjected to deportation steps.
August 20, 2026
Govt allows free imports of 10 lakh tn raw sugar until Oct 31; caps sugar stock for bulk consumers
Show AI Summary
Raw sugar tariff-rate quota permits duty-free imports while bulk consumers face consumption-based sugar stockholding limits.
Raw sugar imports are permitted duty-free under a tariff rate quota until 31 October 2026, with online allocation to eligible millers and refiners having functional refining capacity. Applicants must provide a refining-capacity declaration and supporting Consent to Operate; preference applies to importers undertaking timely completion of imports, while non-utilisation or failure to surrender allocations constitutes non-compliance. Bulk sugar consumers meeting the prescribed consumption threshold are subject to a stock cap of 15 days' consumption from 1 September to 30 November 2026.
August 20, 2026
Govt allows free imports of 10 lakh tn raw sugar until Oct 31
Show AI Summary
Duty-free raw sugar imports under tariff rate quota seek to improve domestic supply and contain rising sugar prices.
Duty-free import of 10 lakh metric tonnes of raw sugar is permitted under a tariff rate quota until 31 October 2026. The import-policy measure seeks to increase domestic raw-sugar availability and restrain rising local prices amid reduced opening stocks. Price-containment measures also include a stockholding limit for bulk consumers using more than 10 tonnes of sugar monthly, restricting holdings to 15 days' consumption.
August 20, 2026
DFS Organises Workshop to Strengthen Implementation of Reservation Policy Across Public Financial Institutions
Show AI Summary
Reservation policy implementation is strengthened through capacity building, uniform institutional practices, welfare measures, and improved financial accessibility for Divyangjans.
Reservation policy implementation across Public Sector Banks, Public Sector Insurance Companies, sectoral regulators and Public Financial Institutions is being strengthened through a capacity-building workshop. The programme seeks uniform and effective application of Government reservation policies and related welfare measures. Senior human-resource functionaries and Chief Liaison Officers considered practical implementation issues, actionable measures for consistency, and operational concerns. It also focuses on improving accessibility of financial services for Divyangjans.
August 20, 2026
DPIIT Signs MoUs with PhonePe and Shell India to Strengthen Startup Ecosystem and Drive Innovation
Show AI Summary
Startup ecosystem support expands through digital infrastructure, mentorship, market linkages and specialised assistance for energy and climate-tech innovation.
DPIIT's collaborations with PhonePe and Shell India create support mechanisms for DPIIT-recognised startups through technology access, digital infrastructure, mentorship, market opportunities and industry networks. PhonePe will provide transaction credits, access to the Indus AppStore, onboarding support, brand visibility, and training on fintech, sales, go-to-market strategy and business scaling. Shell India will assist energy and climate-tech startups through mentorship, strategic guidance, investor and incubator connections, participation opportunities, and knowledge-sharing materials on innovation and best practices.
August 20, 2026
Union Minister of Commerce and Industry Shri Piyush Goyal Strengthens India-Singapore Economic Partnership through High-Level Bilateral and Business Engagements
Show AI Summary
India-Singapore economic cooperation advances through trade, investment, technology and business linkages, including agriculture, fintech and sustainable infrastructure collaboration.
India-Singapore economic cooperation was advanced through ministerial, business and government-to-business engagements focused on deepening bilateral trade, investment, technology and commercial linkages. Discussions addressed agri-exports, GCC-based commercial parks, fintech and sustainable infrastructure, alongside expanding agricultural market linkages. The engagements reinforced commitment to strengthening trade, investment, technology and business-to-business cooperation.
August 20, 2026
A Vision for Responsible AI, Resilient Banking - Keynote Address [Contributions by RBI colleagues Ms. Chandni Trehan Saluja and Ms. Kavita Gangwal, Deputy General Managers; and Shri Bharadwaj Bantu, Assistant General Manager, are gratefully acknowledged] delivered by Shri Shirish Chandra Murmu, Deputy Governor, Reserve Bank of India, at the fourth edition of the CNBC-TV18 Banking Transformation Summit, Mumbai, August 19, 2026
Show AI Summary
Responsible AI banking requires human oversight, explainable customer decisions, fair conduct, resilient systems and inclusive credit access.
Responsible AI in banking must promote inclusion, resilience and customer trust while preserving human judgement, governance accountability and clear responsibility. AI and alternative data may widen access to credit where data is obtained with consent, tested for reliability and bias, and used prudently. Banks must maintain capacity to challenge models, oversee providers, test systems under adverse conditions and intervene when automation fails. Material customer decisions must be explainable, clearly communicated and subject to review by an authorised person. Fair conduct, meaningful disclosure, impartial complaint review and transparent communication remain essential throughout the customer relationship.
August 20, 2026
Razorpay Launches Multi-Currency Account, Helping Exporters Retain International Earnings in Foreign Currencies
Show AI Summary
Multi-Currency EEFC settlements let exporters retain foreign earnings and choose conversion timing for overseas payment obligations.
Multi-Currency EEFC Account settlements enable exporters and international businesses to receive payment settlements directly into Exchange Earners' Foreign Currency accounts in the original transaction currency without immediate conversion into Indian rupees. Retention of foreign currency earnings permits businesses to choose when conversion is required, reducing repeated foreign-exchange conversion cycles and supporting management of foreign-currency cash flows and overseas obligations.
August 20, 2026
DB HiTek to Make Debut at electronica India 2026, Targeting Growth in Indian Market
Show AI Summary
Power semiconductor foundry expansion targets Indian fabless customers through technology showcasing, process development, and collaboration in the growing semiconductor market.
DB HiTek seeks to expand foundry business with Indian fabless semiconductor companies by showcasing power semiconductor and specialised process technologies. Its commercial focus includes BCD processes for automotive and industrial applications, together with silicon-carbide and gallium-nitride process development and planned volume production. Product-performance evaluations are underway with strategic customers. Customer expansion also covers X-ray, global-shutter, single-photon avalanche diode, specialty CIS, and mixed-signal/RF processes, supported by collaboration with local fabless firms.
August 20, 2026
BJP demands Vijayan’s resignation from Keralam LoP post over ED findings in CMRL case
Show AI Summary
Money-laundering allegations over payments without services raise concerns about overseas transfers, identity-linked communications, and mineral smuggling.
Money-laundering allegations concern claimed payments by Cochin Minerals and Rutile Ltd. to Exalogic Solutions Pvt. Ltd., a company promoted by Veena T., without corresponding services. Searches reportedly yielded handwritten material referring to fund transfers to Dubai and digital material relating to a SIM card obtained in another person's name. Further allegations included overseas fund movement, hawala transfers, and possible thorium or monazite smuggling, all presented as allegations requiring examination.
August 20, 2026
Pakistan seeks USD 10 bn US facility to bolster forex stability
Show AI Summary
Exchange stabilisation support aims to strengthen foreign-exchange resilience, reduce rollover dependence and restore access to longer-term market financing.
Pakistan has sought a proposed Exchange Stabilisation Support Facility to reinforce foreign-exchange stability and signal currency resilience to international capital markets. The strategy seeks to reduce reliance on short-term bilateral loans, deposits and rollovers by moving towards market-based financing with longer repayment periods. Improving sovereign creditworthiness through engagement with credit-rating agencies is intended to facilitate international market access, lower borrowing costs and enable longer-maturity debt raising.
August 20, 2026
DRI busts a wildlife trafficking syndicate involved in illicit trade of ivory artefacts
Show AI Summary
Elephant ivory trade prohibition supports enforcement against wildlife trafficking, seizure of carved ivory articles, and further investigation.
Illicit trade in elephant ivory and articles manufactured from it is prohibited under the Wildlife (Protection) Act, 1972, supporting India's CITES obligations. Enforcement action against a wildlife-trafficking syndicate resulted in the interception of four persons and seizure of 54 carved ivory artefacts. The seized articles and apprehended persons were transferred to the State Forest Department for further investigation. The action forms part of continuing measures against unlawful trade in wildlife derivatives and biodiversity threats.
August 20, 2026
Japan reports record exports, imports for July as energy costs climb
Show AI Summary
Trade deficit pressures persist as energy-import costs and currency weakness offset record automobile and electronics export growth.
Japan recorded its highest July import and export values since comparable statistics began, but continued to experience a trade deficit as rising energy costs increased import expenditure. Higher crude oil prices and disruption to Middle East supply routes affected an economy reliant on imported oil, while a weak yen raised the cost of fuel, food and raw materials. Strong automobile, semiconductor and electronics exports benefited from currency weakness, which also increased the yen value of overseas earnings.
August 19, 2026
Five held in UP's Bareilly for alleged fake Ayushman cards racket
Show AI Summary
Forged health-scheme cards allegedly enabled ineligible treatment and misuse of public healthcare funds through false beneficiary details.
Alleged misuse of Ayushman health-scheme cards involved collecting identity and ration-card details by promising free treatment, then creating forged beneficiary cards with false particulars. The alleged scheme enabled treatment for ineligible persons and purported claims of government health-scheme funds. Police arrested five persons, recovered purported forged identity and beneficiary cards, and are investigating possible involvement of hospital and medical-office personnel, the scale of card forgery, and alleged diversion of public funds.
August 19, 2026
MSMEs are the true builders of India’s economic resilience: LG Sinha
Show AI Summary
MSME competitiveness requires affordable credit, technology adoption, formalisation, sustainable trade and stronger export-market access for inclusive growth.
MSME development is identified as central to employment generation, exports, entrepreneurship, economic resilience and self-reliance. Key priorities include affordable credit, technology upgradation, supply-chain integration, market access, brand-building and reduced red tape. Formalisation of micro industries is emphasised to expand institutional credit access, while sustainable trade is promoted through green technologies and renewable energy. Export competitiveness is to be strengthened through regional production capabilities and the "One District, One Export Hub" initiative.
August 19, 2026
RBI MPC preferred wait-and-watch stance amid food and fuel inflation risks: Minutes
Show AI Summary
Supply-side inflation risks support a policy pause pending evidence of broad-based, persistent price pressures and de-anchored expectations.
Monetary policy calibration remained on hold because food and fuel inflation had not yet produced broad-based or persistent price pressures. The policy pause was supported by limited pass-through of supply-side shocks, contained core inflation and no clear demand-driven overheating. Recalibration depends on incoming evidence of persistent inflation, entrenched supply-side pressures, de-anchored expectations and the evolving growth-inflation dynamic. Geopolitical disruption, volatile oil prices, monsoon conditions and El Nin o-related agricultural risks remain material inflation risks.

News

Back

All News

Showing Results for :
Reset Filters
No Records Found

News

Home › news › Customs, DGFT & SEZ › 2021 › December, 2021 › This
Back

All News

whatsapp Join Channel
Showing Results for : Reset Filters
Customs, DGFT & SEZ

INDIA’S FOREIGN TRADE: November 2021

December 14, 2021

Contents
Summary
Note

Note

-

Bookmark

Print

Print

Print Options

INDIA’S FOREIGN TRADE: November 2021

Overall exports rise by 22.8%, imports up by 48.54% over last November

Overall exports in first 8 months of current FY (April-November 2021) jumped by 37.21%, imports shot up by 61.02% over the same period last year

  • India’s overall exports (Merchandise and Services combined) in November 2021* are estimated to be USD 50.36 Billion, exhibiting a positive growth of 22.80 per cent over the same period last year and a positive growth of 15.53 per cent over November 2019. Overall imports in November 2021* are estimated to be USD 64.75 Billion, exhibiting a positive growth of 48.54 per cent over the same period last year and a positive growth of 30.90 per cent over November 2019

Table 1: Trade during November 2021*

 

 

November 2021

(USD Billion)

November 2020

(USD Billion)

November 2019

(USD Billion)

Growth vis-à-vis November 2020 (%)

Growth vis-à-vis November 2019 (%)

Merchandise

Exports

30.04

23.62

25.77

27.16

16.55

Imports

52.94

33.81

38.52

56.58

37.44

Trade Balance

-22.91

-10.19

-12.75

-124.77

-79.65

Services*

Exports

20.33

17.39

17.82

16.88

14.06

Imports

11.81

9.78

10.94

20.71

7.90

Net of Services

8.52

7.61

6.88

11.95

23.84

Overall Trade (Merchandise+

Services)*

Exports

50.36

41.01

43.59

22.80

15.53

Imports

64.75

43.59

49.47

48.54

30.90

Trade Balance

-14.39

-2.58

-5.87

-457.27

-145.04

* Note: The latest data for services sector released by RBI is for October 2021. The data for November 2021 is an estimation, which will be revised based on RBI’s subsequent release. (ii) Data for 2019, 2020 and April to June 2021 are revised on pro-rata basis using quarterly balance of payments data.

Fig 1: Overall Trade during November 2021*

  • India’s overall exports (Merchandise and Services combined) in April-November 2021* are estimated to be USD 418.74 Billion, exhibiting a positive growth of 37.21 per cent over the same period last year and a positive growth of 19.13 per cent over April-November 2019. Overall imports in April-November 2021* are estimated to be USD 472.95 Billion, exhibiting a positive growth of 61.02 per cent over the same period last year and a positive growth of 15.39 per cent over April-November 2019.

Table 2: Trade during April-November 2021*

 

 

April-November 2021

(USD Billion)

April-November 2020

(USD Billion)

April-November 2019

(USD Billion)

Growth vis-à-vis April-November 2020 (%)

Growth vis-à-vis April-November 2019 (%)

Merchandise

Exports

263.57

174.16

211.17

51.34

24.82

Imports

384.34

219.82

324.59

74.84

18.41

Trade Balance

-120.76

-45.66

-113.42

-164.49

-6.47

Services*

Exports

155.17

131.02

140.32

18.43

10.58

Imports

88.61

73.89

85.26

19.92

3.92

Net of Services

66.56

57.13

55.06

16.50

20.88

Overall Trade (Merchandise+

Services)*

Exports

418.74

305.19

351.49

37.21

19.13

Imports

472.95

293.71

409.85

61.02

15.39

Trade Balance

-54.21

11.47

-58.36

-572.43

7.12

* Note: The latest data for services sector released by RBI is for October 2021. The data for November 2021 is an estimation, which will be revised based on RBI’s subsequent release. (ii) Data for 2019, 2020 and April to June 2021 are revised on pro-rata basis using quarterly balance of payments data.

Fig 2: Overall Trade during April-November 2021*

MERCHANDISE TRADE

  • Merchandise exports in November 2021 were USD 30.04 Billion, as compared to USD 23.62 Billion in November 2020, exhibiting a positive growth of 27.16 per cent. As compared to November 2019, exports in November 2021 exhibited a positive growth of 16.55 per cent.
  • Merchandise imports in November 2021 were USD 52.94 Billion, which is an increase of 56.58 per cent over imports of USD 33.81 Billion in November 2020. Imports in November 2021 have registered a positive growth of 37.44 per cent in comparison to November 2019.
  • The merchandise trade balance for November 2021 was estimated at USD (-) 22.91 Billion as against USD (-) 10.19 Billion in November 2020, which is a decline of (-) 124.77 per cent. As compared to November 2019 (USD (-) 12.75 Billion), trade balance in November 2021 exhibited a negative growth of (-) 79.65 per cent.

Fig 3: Merchandise Trade during November 2021

  • Merchandise exports for the period April-November 2021 was USD 263.57 Billion as against USD 174.16 Billion during the period April-November 2020, registering a positive growth of 51.34 per cent. As compared to April-November 2019, exports in April-November 2021 exhibited a positive growth of 24.82 per cent.
  • Merchandise imports for the period April-November 2021 was USD 384.34 Billion as against USD 219.82 Billion during the period April-November 2020, registering a positive growth of 74.84 per cent. Imports in April-November 2021 have registered a positive growth of 18.41 per cent in comparison to April-November 2019.
  • The merchandise trade balance for April-November 2021 was estimated at USD (-) 120.76 Billion as against USD (-) 45.66 Billion in April-November 2020, which is a decline of (-) 164.49 per cent. As compared to April-November 2019 (USD (-) 113.42 Billion), trade balance in April-November 2021 exhibited a negative growth of (-) 6.47 per cent.

Fig 4: Merchandise Trade during April- November 2021

  • Non-petroleum and non-gems & jewellery exports in November 2021 were USD 23.68 Billion, registering a positive growth of 22.26 per cent over non-petroleum and non-gems & jewellery exports of USD 19.37 Billion in November 2020 and a positive growth of 22.28 per cent over non-petroleum and non-gems & jewellery exports of USD 19.37 Billion in November 2019.
  • Non-petroleum, non-gems & jewellery (gold, silver & precious metals) imports were USD 31.82 Billion in November 2021 with a positive growth of 40.64 per cent over Non-petroleum, non-gems & jewellery imports of USD 22.63 Billion in November 2020 and a positive growth of 41.82 per cent over Non-petroleum, non-gems & jewellery imports of USD 22.44 Billion in November 2019.

Table 3: Trade excluding Petroleum and Gems & Jewellery during November 2021

 

November 2021

(USD Billion)

November 2020

(USD Billion)

November 2019

(USD Billion)

Growth vis-à-vis November 2020 (%)

Growth vis-à-vis November 2019 (%)

Non- petroleum exports

26.08

22.06

21.95

18.19

18.78

Non- petroleum imports

38.27

27.50

27.45

39.17

39.38

Non-petroleum & Non Gems & Jewellery exports

23.68

19.37

19.37

22.26

22.28

Non-petroleum & Non Gems & Jewellery imports*

31.82

22.63

22.44

40.64

41.82

Note: Gems & Jewellery Imports include Gold, Silver & Pearls, precious & Semi-precious stones

Fig 5: Trade excluding Petroleum and Gems & Jewellery during November 2021

  • Non-petroleum and non-gems & jewellery exports during April-November 2021 was USD 199.67 Billion, an increase of 38.08 per cent over non-petroleum and non-gems & jewellery exports of USD 144.60 Billion in April-November 2020 and an increase of 27.11 per cent over non-petroleum and non-gems & jewellery exports of USD 157.09 Billion in April-November 2019.
  • Non-petroleum, non-gems & jewellery (gold, silver & precious metals) imports were USD 227.96 Billion in April-November 2021, recording a positive growth of 48.89 per cent, as compared to Non-petroleum, non-gems & jewellery imports of USD 153.11 Billion in April-November 2020 and a positive growth of 13.48 per cent over USD 200.89 Billion in April-November 2019.

Table 4: Trade excluding Petroleum and Gems & Jewellery during April-November 2021

 

April-November 2021

(USD Billion)

April-November 2020

(USD Billion)

April-November 2019

(USD Billion)

Growth vis-à-vis April-November 2020 (%)

Growth vis-à-vis April-November 2019 (%)

Non- petroleum exports

225.59

158.91

182.66

41.96

23.50

Non- petroleum imports

282.25

175.50

238.60

60.83

18.29

Non-petroleum & Non Gems & Jewellery exports

199.67

144.60

157.09

38.08

27.11

Non-petroleum & Non Gems & Jewellery imports*

227.96

153.11

200.89

48.89

13.48

Note: Gems & Jewellery Imports include Gold, Silver & Pearls, precious & Semi-precious stones

Fig 6: Trade excluding Petroleum and Gems &Jewellery during April-November 2021

SERVICES TRADE

  • The estimated value of services export for November 2021* is USD 20.33 Billion, exhibiting a positive growth of 16.88 per cent vis-a-vis November 2020 (USD 17.39 Billion) and a positive growth of 14.06 per cent vis-à-vis November 2019 (USD 17.82 Billion).
  • The estimated value of services import for November 2021* is USD 11.81 Billion exhibiting a positive growth of 20.71 per cent vis-à-vis November 2020 (USD 9.78 Billion) and a positive growth of 7.90 per cent vis-à-vis November 2019 (USD 10.94 Billion).
  • The services trade balance in November 2021* is estimated at USD 8.52 Billion, which is an increase of 11.95 per cent over November 2020 (USD 7.61 Billion) and an increase of 23.84 per cent over November 2019 (USD 6.88 Billion).

Fig 7: Services Trade during November 2021*

  • The estimated value of services export for April-November 2021* is USD 155.17 Billion, exhibiting a positive growth of 18.43 per cent vis-a-vis April-November 2020 (USD 131.02 Billion) and a positive growth of 10.58 per cent vis-à-vis April-November 2019 (USD 140.32 Billion).
  • The estimated value of services imports for April-November 2021* is USD 88.61 Billion exhibiting a positive growth of 19.92 per cent vis-à-vis April-November 2020 (USD 73.89 Billion) and a positive growth of 3.92 per cent vis-à-vis April-November 2019 (USD 85.26 Billion).
  • The services trade balance for April-November 2021 was estimated at USD 66.56 Billion as against USD 57.13 Billion in April-November 2020, which is an increase of 16.50 per cent. As compared to April-November 2019 (USD 55.06 Billion), net of services in April-November 2021 exhibited a positive growth of 20.88 per cent.

Fig 8: Services Trade during April-November 2021*

Table 5: Export Growth in Commodity Groups in November 2021

Sl. No.

Commodities

(Values in Million USD)

% Change

NOV'20

NOV'21

NOV'21

 

Commodity groups exhibiting positive growth

1

Petroleum Products

1557.36

3959.13

154.22

2

Coffee

45.08

75.34

67.12

3

Plastic & Linoleum

507.25

724.39

42.81

4

Cotton Yarn/Fabs./made-ups, Handloom Products etc.

872.55

1227.83

40.72

5

Engineering Goods

5896.67

8077.46

36.98

6

Other cereals

63.21

85.42

35.14

7

Organic & Inorganic Chemicals

1694.92

2246.50

32.54

8

Leather & leather products

273.30

356.56

30.47

9

Jute Mfg. including Floor Covering

32.76

42.63

30.11

10

Electronic Goods

1121.17

1455.58

29.83

11

Marine Products

586.64

754.00

28.53

12

Man-made Yarn/Fabs./made-ups etc.

340.54

428.36

25.79

13

Mica, Coal & Other Ores, Minerals including processed minerals

326.82

394.49

20.71

14

Rice

563.72

658.90

16.89

15

Fruits & Vegetables

161.80

186.58

15.31

16

Cereal preparations & miscellaneous processed items

154.88

163.84

5.79

17

RMG of all Textiles

1043.75

1072.17

2.72

18

Spices

313.86

317.72

1.23

19

Carpet

146.95

148.63

1.15

Sl. No.

Commodities

(Values in Million USD)

% Change

NOV'20

NOV'21

NOV'21

 

Commodity Groups exhibiting negative growth

20

Iron Ore

328.58

23.05

-92.98

21

Oil Meals

140.15

104.39

-25.51

22

Tobacco

76.69

62.72

-18.21

23

Tea

71.61

62.58

-12.62

24

Oil seeds

153.22

135.69

-11.44

25

Gems & Jewellery

2690.83

2392.20

-11.10

26

Handicrafts excl. hand made carpet

173.38

159.71

-7.89

27

Drugs & Pharmaceuticals

1963.40

1825.36

-7.03

28

Ceramic products & glassware

263.48

251.09

-4.70

29

Meat, dairy & poultry products

392.59

379.06

-3.45

30

Cashew

37.72

36.91

-2.15

Table 6: Import Growth in Commodity Groups in November 2021

Sl. No.

Commodities

(Values in Million USD)

% Change

NOV'20

NOV'21

NOV'21

 

Commodity Groups exhibiting positive growth

1

Silver

9.27

244.56

2538.19

2

Sulphur & Unroasted Iron Pyrts

9.32

47.87

413.63

3

Coal, Coke & Briquettes, etc.

1517.08

3577.42

135.81

4

Petroleum, Crude & products

6314.81

14677.80

132.43

5

Metaliferrous ores & other minerals

434.15

963.15

121.85

6

Pulp and Waste paper

67.22

148.30

120.62

7

Project goods

64.79

122.33

88.81

8

 Vegetable Oil

981.38

1754.92

78.82

9

Organic & Inorganic Chemicals

1515.51

2523.91

66.54

10

Newsprint

14.84

24.70

66.44

11

Artificial resins, plastic materials, etc.

1156.63

1859.00

60.73

12

Fertilisers, Crude & manufactured

898.16

1442.40

60.59

13

Dyeing/tanning/colouring mtrls.

233.84

359.98

53.94

14

Leather & leather products

45.11

68.22

51.23

15

Iron & Steel

986.14

1485.81

50.67

16

Gold

3022.59

4221.66

39.67

17

Cotton Raw & Waste

18.94

26.17

38.17

18

Medcnl. & Pharmaceutical products

534.89

735.70

37.54

19

Wood &  Wood products

361.92

487.63

34.73

20

Machine tools

248.17

333.30

34.30

21

Non-ferrous metals

1154.69

1521.16

31.74

22

Textile yarn Fabric, made-up articles

139.91

181.84

29.97

23

Machinery, electrical & non-electrical

2568.89

3274.31

27.46

24

Pulses

223.42

275.99

23.53

25

Electronic goods

4695.06

5714.68

21.72

26

Chemical material & products

785.06

912.58

16.24

27

Professional instrument, Optical goods, etc.

374.05

413.43

10.53

28

Pearls, precious & Semi-precious stones

1839.14

1978.67

7.59

Sl. No.

Commodities

(Values in Million USD)

% Change

NOV'20

NOV'21

NOV'21

 

Commodity Groups exhibiting negative growth

29

Transport equipment

1682.44

1357.83

-19.29

30

Fruits & vegetables

303.12

258.56

-14.70

Table 7: MERCHANDISE TRADE

EXPORTS & IMPORTS: (Rs. Crore)

(PROVISIONAL)

 

NOVEMBER

APRIL-NOVEMBER

EXPORTS(including re-exports)

 

 

2019-20

1,84,142.27

14,84,386.50

2020-21

1,75,306.78

12,99,725.47

2021-22

2,23,755.78

19,53,860.28

%Growth 2021-22/ 2020-21

27.64

50.33

%Growth 2021-22/ 2019-20

21.51

31.63

IMPORTS

 

 

2019-20

2,75,255.20

22,80,659.04

2020-21

2,50,954.16

16,40,286.15

2021-22

3,94,419.58

28,50,142.12

%Growth 2021-22/ 2020-21

57.17

73.76

%Growth 2021-22/ 2019-20

43.29

24.97

TRADE BALANCE

 

 

2019-20

-91,112.93

-7,96,272.55

2020-21

-75,647.38

-3,40,560.67

2021-22

-1,70,663.80

-8,96,281.84

Table 8: SERVICES TRADE

EXPORTS & IMPORTS (SERVICES) : (US $ Billion)

 

(PROVISIONAL)

October 2021

April-

October 2021

EXPORTS (Receipts)

19.85

134.84

IMPORTS (Payments)

11.61

76.80

TRADE BALANCE

8.24

58.04

 

 

 

EXPORTS & IMPORTS (SERVICES): (Rs. Crore)

 

(PROVISIONAL)

October 2021

April-

October 2021

EXPORTS (Receipts)

1,48,669.41

9,98,707.75

IMPORTS (Payments)

86,939.21

5,68,891.46

TRADE BALANCE

61,730.21

4,29,816.29

Source: RBI Press Release dated 1stDecember 2021

 

 

Topics

Acts Income Tax
Next ➔