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India’s exports (merchandise and services combined) in September 2021 are estimated to be USD 54.06 billion, a growth of 21.44 per cent over the same period last year and a growth of 26.03 per cent over September 2019.
Imports in September 2021 are estimated to be USD 68.49 billion, a growth of 70.00 per cent over the same period last year and a growth of 44.11 per cent over September 2019.
India’s exports (merchandise and services combined) in April-September 2021 are estimated to be USD 312.47 billion, a growth of 40.52 per cent over the same period last year and a growth of 18.30 per cent over April-September 2019. Imports in April-September 2021 are estimated to be USD 341.10 Billion, exhibiting a positive growth of 64.91 per cent over the same period last year and a positive growth of 9.31 per cent over April-September 2019.
MERCHANDISE TRADE
EXPORTS (including re-exports)
Exports in September 2021 were USD 33.79 billion, as compared to USD 27.56 Billion in September 2020, a growth of 22.63 per cent.
In Rupee terms, exports were worth Rs 2,48,605.74 crore in September 2021, as compared to Rs. 2,02,508.54 crore in September 2020, a growth of 22.76 per cent. Compared to September 2019, exports in September 2021 exhibited an increase of 29.86 per cent in Dollar terms and 33.92 per cent in Rupee terms.
The commodities/commodity groups which have recorded growth during September 2021 vis-à-vis September 2020 are Coffee (62.55%), Cashew (49.4%), Petroleum products (47.91%), Cotton yarn/fabs./made-ups, handloom products etc. (40.5%), Engineering goods (36.83%), Organic & inorganic chemicals (29.65%), Man-made yarn/fabs./made-ups etc. (26.49%), Electronic goods (26.33%), Other cereals (21.18%), Fruits & vegetables (21.13%), Gems & jewellery (19.71%), Plastic & Linoleum (18.61%), Jute mfg. including floor covering (16.04%), Marine products (12.67%), RMG of all textiles (9.24%), Mica, Coal & other ores, minerals including processed minerals (8.82%), Leather & leather products (7.41%), Cereal preparations & miscellaneous processed items (5.64%), Rice (5.62%), Carpet (4.42%), Tea (3.2%) and Handicrafts excl. handmade Carpet (2.29%).
The commodities/commodity groups which have recorded negative growth during September 2021 vis-à-vis September 2020 are Iron ore (-72.77%), Oil meals (-39.05%), Oil seeds (-26.77%), Tobacco (-16.31%), Ceramic products & glassware (-14.15%), Spices (-13.56%), Meat, dairy & poultry products (-10.77%) and Drugs & pharmaceuticals (-8.45%).
Decoded | Why India’s exports are at a record high
The cumulative value of exports for the period April-September 2021 was USD 197.89 Billion (Rs. 14,63,048.24 Crore) as against USD 125.62 Billion (Rs. 9,41,358.09 Crore) during the period April-September 2020, registering a positive growth of 57.53 per cent in Dollar terms (positive growth of 55.42 per cent in Rupee terms).
Compared to April-September 2019, exports in April-September 2021 exhibited a positive growth of 24.33 per cent in Dollar terms and 31.35 per cent in Rupee terms.
NON-PETROLEUM AND NON-GEMS AND JEWELLERY EXPORTS
Non-petroleum and Non-Gems and Jewellery exports in September 2021 were USD 25.34 Billion, as compared to USD 21.33 Billion in September 2020, registering a positive growth of 18.82 per cent.
Compared to September 2019, Non-petroleum and Non-Gems and Jewellery exports in September 2021 registered a positive growth of 33.39 per cent.
Non-petroleum and Non-Gems and Jewellery exports in April-September 2021 were USD 149.89 Billion, compared to USD 104.81 Billion for the corresponding period in 2020-21, which is an increase of 43.02 per cent.
As compared to April-September 2019, Non-petroleum and Non-Gems and Jewellery exports in April-September 2021 registered a positive growth of 26.34 per cent.
IMPORTS
Imports in September 2021 were USD 56.39 Billion (Rs. 4,14,812.41 Crore), which is an increase of 84.77 per cent in Dollar terms and 84.97 per cent in Rupee terms over imports of USD 30.52 Billion (Rs 2,24,254.02 Crore) in September 2020.
Imports in September 2021 have registered a positive growth of 49.59 per cent in Dollar terms and 54.27 per cent in Rupee terms in comparison to September 2019.
Cumulative value of imports for the period April-September 2021 was USD 276.02 Billion (Rs. 20,40,890.34 Crore), as against USD 151.94 Billion (Rs. 11,39,032.05 Crore) during the period April-September 2020, registering a positive growth of 81.67 per cent in Dollar terms and a positive growth of 79.18 per cent in Rupee terms.
Imports in April-September 2021 have registered a positive growth of 11.26 per cent in Dollar terms and positive growth of 17.59 per cent in Rupee terms in comparison to April-September 2019.
CRUDE OIL AND NON-OIL IMPORTS
Oil imports in September 2021 were USD 17.44 Billion (Rs. 1,28,268.20 Crore), which was 199.27 per cent higher in Dollar terms (199.60 per cent higher in Rupee terms), compared to USD 5.83 Billion (Rs. 42,812.53 Crore) in September 2020.
As compared to September 2019, oil imports in September 2021 were 91.90 per cent higher in Dollar terms and 97.90 per cent higher in Rupee terms. Oil imports in April-September 2021 were USD 72.99 Billion (Rs. 5,39,582.43 Crore) which was 127.99 per cent higher in Dollar terms (124.67 per cent higher in Rupee terms) compared to USD 32.01 Billion (Rs. 2,40,166.21 Crore), over the same period last year.
As compared to April-September 2019, oil imports in April-September 2021 were 11.95 per cent higher in Dollar terms and 18.30 per cent higher in Rupee terms.
In this connection it is mentioned that the global Brent price ($/bbl) has increased by 81.55% in September 2021 vis-à-vis September 2020 as per data available from World Bank.
Non-oil imports in September 2021 were estimated at USD 38.95 Billion (Rs. 2,86,544.21 Crore) which was 57.75 per cent higher in Dollar terms (57.93 per cent higher in Rupee terms), compared to USD 24.69 Billion (Rs. 1,81,441.49 Crore) in September 2020.
As compared to September 2019, Non-oil imports in September 2021, were 36.16 per cent higher in Dollar terms and 40.41 per cent higher in Rupee terms. Non-oil imports in April-September 2021 were USD 203.03 Billion (Rs. 15,01,307.91 Crore) which was 69.30 per cent higher in Dollar terms (67.02 per cent higher in Rupee terms), compared to USD 119.92 Billion (Rs. 8,98,865.84 Crore) in April-September 2020.
As compared to April-September 2019, Non-oil imports in April-September 2021 were 11.02 per cent higher in Dollar terms and 17.34 per cent higher in Rupee terms.
Non-Oil and Non-Gold imports were USD 33.84 Billion in September 2021, recording a positive growth of 40.45 per cent, as compared to Non-Oil and Non-Gold imports of USD 24.09 Billion in September 2020.
Non-Oil and Non-Gold imports in September 2021 recorded a positive growth of 23.79 per cent over September 2019. Non-Oil and Non-Gold imports were USD 179.07 Billion in April-September 2021, recording a positive growth of 58.26 per cent, as 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 per cent over April-September 2019.
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