Historic and Highest Ever Merchandise Export Figures for December - Shri Piyush Goyal

INDIA’S MERCHANDISE TRADE: Preliminary Data December 2021

India’s merchandise export in December 2021 was USD 37.29 billion, the highest ever monthly achievement, which shows an increase of 37.0% over USD 27.22 billion in December 2020 and an increase of 37.55% over USD 27.11 billion in December 2019

Shri Goyal attributes the great achievement to the leadership and vision of PM Modi

India’s merchandise export in April-December 2021 was USD 299.74 billion, an increase of 48.85% over USD 201.37 billion in April-December 2020 and an increase of 25.80% over USD 238.27 billion in April-December 2019

As per the Preliminary Data for December 2021, India’s merchandise export in December 2021 was USD 37.29 billion, the highest ever monthly achievement, which shows an increase of 37.0% over USD 27.22 billion in December 2020 and an increase of 37.55% over USD 27.11 billion in December 2019.

Shri Piyush Goyal, Union Minister for Commerce and Industry, Textiles, Consumer Affairs, Food & Public Distribution called it a historic achievement and attributed it to the leadership of Prime Minister Shri Narendra Modi. He also congratulated all the EPCs, exporters and Indian Embassy officials all across the globe for contributing to this historic achievement.

India’s merchandise export in April-December 2021 was USD 299.74 billion, an increase of 48.85% over USD 201.37 billion in April-December 2020 and an increase of 25.80% over USD 238.27 billion in April-December 2019.

India’s merchandise import in December 2021 was USD 59.27 billion, an increase of 38.06% over USD 42.93 billion in December 2020 and an increase of 49.7% over USD 39.59 billion in December 2019.

India’s merchandise import in April-December 2021 was USD 443.71 billion, an increase of 69.27% over USD 262.13 billion in April-December 2020 and an increase of 21.84% over USD 364.18 billion in April-December 2019.

The trade deficit in December 2021 was USD 21.99 billion, while it was 143.97 billion USD during April-December 2021.

Statement 1: India’s Merchandise Trade in December 2021
	Value in Billion USD			% Growth
	Dec-21	Dec-20	Dec-19	Dec-21 over Dec-20	Dec-21 over Dec-19
Exports	37.29	27.22	27.11	37.00	37.55
Imports	59.27	42.93	39.59	38.06	49.70
Deficit	21.99	15.72	12.49	39.90	76.10

 

Statement 2: India’s Merchandise Trade in Apr-Dec 2021
	Value in Billion USD			% Growth
	Apr-Dec21	Apr-Dec20	Apr-Dec19	Apr-Dec 21 over Apr-Dec 20	Apr-Dec 21 over Apr-Dec 19
Exports	299.74	201.37	238.27	48.85	25.80
Imports	443.71	262.13	364.18	69.27	21.84
Deficit	143.97	60.76	125.91	136.94	14.34

 

Value of non-petroleum exports in December 2021 was 31.67 USD billion, registering a positive growth of 27.31% over non-petroleum exports of USD 24.88 billion in December 2020 and a positive growth of 34.92% over non-petroleum exports of USD 23.48 billion in December 2019.

Value of non-petroleum imports was USD 43.37 billion in December 2021 with a positive growth of 30.22% over non-petroleum imports of USD 33.31 billion in December 2020 and a positive growth of 50.20% over non-petroleum imports of USD 28.88 billion in December 2019.

Statement 3: Merchandise Non-POL Trade in December 2021
	Value in Billion USD			% Growth
	Dec-21	Dec-20	Dec-19	Dec-21 over Dec-20	Dec-21 over Dec-19
Exports	31.67	24.88	23.48	27.31	34.92
Imports	43.37	33.31	28.88	30.22	50.20

The cumulative value of non-petroleum exports in April-December 2021 was USD 257.14 billion, an increase of 39.82% over USD 183.91 billion in April-December 2020 and an increase of 24.74% over USD 206.13 billion in April-December 2019.

The cumulative value of non-petroleum imports in April-December 2021 was USD 325.73 billion, showing an increase of 56.41% compared to non-oil imports of USD 208.25 billion in April-December 2020 and an increase of 21.78% compared to non-oil imports of USD 267.47 billion in April-December 2019.

Statement 4: Merchandise Non-POL Trade Apr-Dec 2021
	Value in Billion USD			% Growth
	Apr-Dec21	Apr-Dec20	Apr-Dec19	Apr-Dec21 over Apr-Dec20	Apr-Dec21 over Apr-Dec19
Exports	257.14	183.91	206.13	39.82	24.74
Imports	325.73	208.25	267.47	56.41	21.78

Value of non-petroleum and non-gems and jewellery exports in December 2021 was USD 28.69 billion, registering a positive growth of 28.64% over non-petroleum and non-gems and jewellery exports of USD 22.30 billion in December 2020 and a positive growth of 36.21% over non-petroleum and non-gems and jewellery exports of USD 21.06 billion in December 2019.

Value of non-oil, non-GJ (gold, silver & Precious metals) imports was USD 35.57 billion in December 2021 with a positive growth of 34.68% over non-oil and non-GJ imports of USD 26.41 billion in December 2020 and a positive growth of 47.75% over non-oil and non-GJ imports of USD 24.07 billion in December 2019.

Statement 5: Merchandise Non-POL Non-GJ Trade in December 2021
	Value in Billion USD			% Growth
	Dec-21	Dec-20	Dec-19	Dec-21 over Dec-20	Dec-21 over Dec-19
Exports	28.69	22.30	21.06	28.64	36.21
Imports	35.57	26.41	24.07	34.68	47.75

The cumulative value of non-petroleum and non-gems and jewellery exports in April-December 2021 was USD 228.25 billion, an increase of 36.66% over cumulative value of non-petroleum and non-gems and jewellery exports of USD 167.02 billion in April-December 2020 and an increase of 28.12% over cumulative value of non-petroleum and non-gems and jewellery exports of USD 178.15 billion in April-December 2019.

Non-oil, non-GJ (Gold, Silver & Precious Metals) imports was USD 263.66 billion in April-December 2021, recording a positive growth of 47.33%, as compared to non-oil and non-GJ imports of USD 178.96 billion in April-December 2020 and a positive growth of 17.20% over USD 224.96 billion in April-December 2019.

Statement 6: Merchandise Non-POL Non-GJ Trade Apr-Dec 2021
	Value in Billion USD			% Growth
	Apr-Dec 21	Apr-Dec 20	Apr-Dec 19	Apr-Dec 21 over Apr-Dec 20	Apr-Dec 21 over Apr-Dec 19
Exports	228.25	167.02	178.15	36.66	28.12
Imports	263.66	178.96	224.96	47.33	17.20

Top 10 major commodity groups covering 79% of total exports and showing positive growths in December 2021 over corresponding month of previous year, are –  

Statement 7: Exports of Top 10 Major Commodity Groups
	Value of Export (Million US$)		Share (%)	Growth (%)
Major Commodity Group	Dec-21	Dec-20	Dec-21	Dec-21 over Dec-20
Engineering goods	9708.94	7072.63	26.04	37.27
Petroleum products	5611.70	2336.63	15.05	140.16
Gems and Jewellery	2982.55	2575.67	8.00	15.80
Organic and Inorganic chemicals	2646.32	2100.00	7.10	26.01
Drugs and Pharmaceuticals	2288.20	2203.53	6.14	3.84
Electronic goods	1663.70	1248.33	4.46	33.27
RMG of all Textiles	1460.36	1195.78	3.92	22.13
Cotton Yarn/Fabs./Madeups, Handloom products etc.	1439.44	987.76	3.86	45.73
Plastic and Linoleum	893.02	570.49	2.40	56.54
Rice	882.62	682.77	2.37	29.27
Total of 10 Major Commodity Groups	29576.85	20973.58	79.33	41.02
Rest	7708.21	6242.71	20.67	23.48
Total Exports	37285.07	27216.29	100.00	37.00

Top 10 major commodity groups covering 78% of total imports, are – 

Statement 8: Imports of Top 10 Major Commodity Groups
	Import (Million US$)		Share (%)	Growth (%)
Major Commodity Group	Dec-21	Dec-20	Dec-21	Dec-21 over Dec-20
Petroleum, Crude & products	15904.53	9629.01	26.83	65.17
Electronic goods	6532.02	5037.69	11.02	29.66
Gold	4690.68	4485.76	7.91	4.57
Machinery, electrical & non-electrical	3878.29	3149.33	6.54	23.15
Organic & Inorganic Chemicals	3224.79	1879.88	5.44	71.54
Pearls, precious & Semi-precious stones	2882.49	2397.17	4.86	20.25
Coal, Coke & Briquettes, etc.	2796.08	1624.32	4.72	72.14
Transport equipment	2265.75	2476.59	3.82	-8.51
Artificial resins, plastic materials, etc.	1961.81	1434.57	3.31	36.75
Vegetable Oil	1822.63	1210.88	3.07	50.52
Total of 10 Major Commodity Groups	45959.08	33325.21	77.54	37.91
Rest	13315.21	9609.34	22.46	38.57
Total Imports	59274.29	42934.54	100.00	38.06

 

Merchandise export growth reached highest monthly level, indicating broad-based recovery and increased import-led trade activity. India's merchandise exports in December 2021 reached a record monthly high with strong year on year growth, and cumulative April-December exports also rose markedly; imports increased substantially in the same periods, driven by petroleum and other major commodity groups, resulting in a widened merchandise trade deficit. Detailed tables show positive growth in non petroleum and non petroleum non gems & jewellery exports and notable increases in corresponding import categories, with top contributors and sectoral composition provided for both exports and imports.