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Exports of India rise marginally in December; trade deficit widens to $15.44 billion
Jan-18-2021

India’s merchandise exports rose marginally by 0.14% in December over the same period of last year, after two months of decline, on the back of drugs and pharmaceuticals, electronics, and gems and jewellery exports. Imports moved into positive territory for the first time since March, sending the trade deficit, gap between imports and exports, to a 25-month high of $15.44 billion in December 2020 against $9.87 billion in the previous month. It was 23.66% higher compared to the deficit of $12.49 billion in December 2019.

As per the data released by the Commerce Ministry, exports increased marginally by 0.14% to $27.15 billion in December 2020, as compared to $27.11 billion in December 2019. In Rupee terms, exports were Rs 1,99,770.58 crore in December 2020, as compared to Rs 1,92,984.47 crore in December 2019, registering a positive growth of 3.52%. Cumulative value of exports for the period April-December 2020-21 was $ 200.80 billion as against $238.27 billion during the period April-December 2019-20, registering a negative growth of (-) 15.73%. Rupee terms, it was down by 10.83% to Rs 14,95,705.96 crore from Rs 16,77,370.97 crore in the corresponding month a year ago.

Non-petroleum and Non-Gems and Jewellery exports in December 2020 were $ 22.22 billion, as compared to $21.06 billion in December 2019, registering a positive growth of 5.50%. Non-petroleum and Non-Gems and Jewellery exports in April-December 2020-21 were $166.33 billion, as compared to $178.15 billion for the corresponding period in 2019-20, which is a decrease of (-) 6.63%.

On the other hand, imports increased by 7.56% to $42.59 billion in December 2020 as compared to $39.59 billion in December 2019, while in rupee terms it was up by 11.18% to Rs 3,13,407.53 crore  from Rs 2,81,880.86 crore in December 2019.  Cumulative value of imports for the period April-December 2020-21 was $258.27 billion, as against $364.18 billion during the period April-December 2019-20, registering a negative growth of (-) 29.08%. In rupee terms, it was Rs 19,22,790.49 crore, down by 24.97% from Rs 25,62,539.91 crore in the same period last year.

Oil imports in December 2020 were $9.58 billion, which was 10.61% lower, compared to $10.72 billion in December 2019. Oil imports in April-December 2020-21 were $53.69 billion which was 44.49% lower over the same period last year. Non-oil imports in December 2020 were estimated at $33.00 billion which was 14.30% higher, compared to $28.88 billion in December 2019. Non-oil imports in April-December 2020-21 were $204.58 billion which was 23.51% lower, compared to $267.47 billion in April-December 2019-20. Non-Oil and Non-Gold imports were $28.52 billion in December 2020, recording a positive growth of 7.99%, as compared to $26.41 billion in December2019. Non-Oil and Non-Gold imports were $187.80 billion in April-December 2020-21, recording a negative growth of (-) 23.16%, over the same period of last year.
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