Ministry of Commerce & Industry
INDIA’S MERCHANDISE TRADE: Preliminary Data, October 2020
India’s merchandise exports in October 2020 were USD 24.82 billion, as compared to USD 26.23 billion in October 2019, a fall of 5.4%.
India’s merchandise imports in October 2020 were USD 33.6 billion, as compared to USD 37.99 billion in October 2019, a decline of 11.56%.
India is thus a net importer in October 2020, with a trade deficit of USD 8.78 billion, as compared to trade deficit of USD 11.76 billion-Improvement by 25.34%.
Value of non-petroleum and non-gems and jewellery exports in October 2020 was USD 20.28 billion, as compared to USD 19.07 billion in October 2019, a positive growth of 6.34%.
Non-oil, non-GJ (gold, silver & Precious metals) imports were USD 22.83 billion in October 2020, as compared to USD 24.9 billion in October 2019, a negative growth of 8.31%.
Top 5 commodities of export which recorded positive growth during October 2020 vis-à-vis October 2019 are: Other Cereals (369.30%), Rice (112.15%), Oil meals (76.62%), Iron Ore (73.89%), Oil Seeds (54.06%).
Top 5 commodity groups of import showing a fall in October 2020 over the corresponding month of last year are: Silver (-90.54%), Newsprint (-79.99%), Cotton Raw and Waste (-77.40%), Pulses(-65.15%), Transport equipment (-56.32%).
Posted On:
03 NOV 2020 3:28PM by PIB Delhi
India’s merchandise exports in October 2020 were USD 24.82 billion, as compared to USD 26.23 billion in October 2019, showing a fall of 5.4%. Exports during April-October 2020-21 were USD 150.07 billion, exhibiting a decline of 19.05% over the same period last year.
The value of India’s merchandise imports in October 2020 was USD 33.6 billion, as compared to USD 37.99 billion in October 2019, a decline of 11.56%. Merchandise imports during April-October 2020-21 were USD 182.29 billion, as compared to USD 286.07 billion during the same period last year, exhibiting a negative growth of 36.28%.
India was thus a net importer in October 2020, with a trade deficit of USD 8.78 billion, as compared to trade deficit of USD 11.76 billion, an improvement by 25.34%.
In October 2020, the value of non-petroleum exports was USD 23.21 billion, registering a positive growth of 1.84% over October 2019. The value of non-petroleum and non-gems and jewellery exports in October 2020 was USD 20.28 billion, as compared to USD 19.07 billion in October 2019, registering a positive growth of 6.34%. The cumulative value of non-petroleum and non-gems and jewellery exports in April-October 2020-21 was USD 124.79 billion, as compared to USD 137.72 billion for the corresponding period in 2019-20, exhibiting a decrease of 9.39%.
In October 2020, Oil imports were USD 5.98 billion, as compared to USD 9.73 billion in October 2019, a decline by 38.52%. Oil imports in April-October 2020-21 were USD 37.84 billion, as compared to USD 74.93 billion, showing a decline of 49.5%.
Non-oil imports in October 2020 were estimated at USD 27.62 billion, as compared to USD 28.26 billion in October 2019, showing a decline of 2.26%. Non-oil imports in April-October 2020-21 were USD 144.45 billion, as compared to USD 211.14 billion, registering a decline of 31.59% during the same period of the last year.
Non-oil, non-GJ (gold, silver &Precious metals) imports were USD 22.83 billion in October 2020, recording a negative growth of 8.31%, as compared to non-oil and non-gold imports of USD 24.9 billion in October 2019. Non-oil and non-gold imports were USD 126.97 billion in April-October 2020-21, recording a negative growth of 29.28%, as compared to non-oil and non-gold imports of USD 179.55 billion in April-October 2019-20.
Major commodities of export which have recorded positive growth during October 2020 vis-à-vis October 2019 are: Other cereals (369.30%), Rice (112.15%), Oil meals (76.62%), Iron ore (73.89%), Oil seeds (54.06%), Carpet (37.67%), Cereal preparations and miscellaneous processed item (36.13%), Ceramic products and glassware (34.62%), Drugs and pharmaceuticals (21.82%), Spices (21.61%), Jute mfg. Including floor covering (18.76%), Meat, dairy and poultry products (16.65%), Handicrafts excl. Handmade carpet (11.37%), Fruits and vegetables (8.92%), Mica, coal and other ores, minerals including process (7.68%), Cotton yarn/fabrics/made-ups, handloom products etc. (6.52%), RMG of all textiles (6.31%), Tobacco (4.34%), Organic and inorganic chemicals (1.91%), Tea (0.14%).
Major commodities of export which have recorded negative growth during October 2020 vis-à-vis October 2019 are Petroleum products (53.30%), Cashew (21.57%), Gems and jewellery (21.27%), Leather and leather manufactures (16.69%), Man-made yarn/fabrics/made-ups etc. (12.82%), Electronic goods (9.40%), Coffee (9.25%), Marine products (8.09%), Plastic and linoleum (6.88%), Engineering goods (3.84%).
Major commodity groups of import showing positive growth in October 2020 over the corresponding month of last year are: Pearls, precious & Semi-precious stones (50.47%), Fertilizers, Crude & manufactured (46.25%), Gold (35.88%), Sulphur & Unroasted Iron Pyrites (32.09%), Project goods (28.75%), Fruits & vegetables (22.81%), Electronic goods (16.12%), Medcnl. & Pharmaceutical products (13.33%), Vegetable Oil (7.29%), Metaliferrous ores & other minerals (4.80%), Chemical material & products (2.00%.
Major commodity groups of import showing negative growth in October 2020 over the corresponding month of last year are: Silver (90.54%), Newsprint (79.99%), Cotton Raw & Waste (77.40%), Pulses (65.15%), Transport equipment (56.32%), Leather & leather products (41.37%), Petroleum, Crude & products (38.52%), Pulp and Waste paper (29.88%), Machine tools (29.62%), Wood & Wood products (26.51%), Textile yarn Fabric, made-up articles (25.13%), Iron & Steel (22.32%), Machinery, electrical & non-electrical (15.63%), Professional instrument, Optical goods, etc. (11.95%), Artificial resins, plastic materials, etc. (7.53%), Coal, Coke & Briquettes, etc. (6.50%), Organic & Inorganic Chemicals (2.89%), Non-ferrous metals (2.26%), Dyeing/tanning/colouring materials (0.46%).
MERCHANDISE TRADE: Preliminary Data, October 2020
Summary Value in USD Billion
|
Total
|
Non-Petroleum
|
Non- Petroleum and Non-Gems &Jewellery
|
|
2019-20
|
2020-21
|
% change
|
2019-20
|
2020-21
|
% change
|
2019-20
|
2020-21
|
% change
|
Exports
|
26.23
|
24.82
|
-5.40
|
22.79
|
23.21
|
1.84
|
19.07
|
20.28
|
6.34
|
Imports
|
37.99
|
33.60
|
-11.56
|
28.26
|
27.62
|
-2.26
|
24.90
|
22.83
|
-8.31
|
Deficit
|
11.76
|
8.78
|
-25.34
|
5.47
|
4.41
|
-19.38
|
5.83
|
2.55
|
-56.26
|
Change by top Commodity Groups
Value in USD Million
|
Top Increase in October 2020 as compared to October 2019
|
Top Decline in October 2020 as compared to October 2019
|
|
Commodity group
|
Change in value
|
% change
|
Commodity group
|
Change in value
|
% change
|
Export
|
Drugs And Pharmaceuticals
|
372.05
|
21.82
|
Petroleum Products
|
-1835.58
|
-53.30
|
Rice
|
359.82
|
112.15
|
Gems And Jewellery
|
-790.40
|
-21.27
|
Organic And Inorganic Chemicals
|
143.85
|
73.89
|
Leather And Leather Manufacturers
|
-248.07
|
-3.84
|
Import
|
Electronic Goods
|
768.69
|
16.12
|
Petroleum, Crude & Products
|
-3747.66
|
-38.52
|
Pearls, Precious & Semi-Precious Stones
|
768.48
|
50.47
|
Transport Equipment
|
-1459.42
|
-56.32
|
Gold
|
660.15
|
35.88
|
Machinery, Electrical & Non-Electrical
|
-462.62
|
-15.63
|
YB/AP
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