News Brief
India's Merchandise Exports In Dec 2021 Soars To Historic High Of $37.29 Billion, Apr-Dec 2021 Figures Nearly $300 Billion
The export sector is awaiting the new Foreign Trade Policy that is expected to be WTO compliant, and would offer better a roadmap for higher export growth.
India’s merchandise export in December 2021 touched $37.29 billion, the highest ever monthly number.
The December 2021 merchandise export numbers represents an increase of 37.0% over $27.22 billion in December 2020 and an increase of 37.55% over $27.11 billion in December 2019.
In the first 9 months of the current fiscal year, India’s merchandise export in April-December 2021 aggregated to $299.74 billion, an increase of 48.85% over $201.37 billion in April-December 2020 and an increase of 25.80% over $238.27 billion in April-December 2019.
Keep in pace with rise in India's merchandise exports, the import in December 2021 was $59.27 billion, an increase of 38.06% over $42.93 billion in December 2020 and an increase of 49.7% over $39.59 billion in December 2019. Consequently India's trade deficit in December 2021 stood at $21.99 billion. The trade deficit for the first nine months of the current fiscal year (during April-December 2021) is at $143.97 billion.
The value of non-petroleum exports in December 2021 was $31.67 billion, registering a positive growth of 27.31% over non-petroleum exports of $24.88 billion in December 2020 and a positive growth of 34.92% over non-petroleum exports of $23.48 billion in December 2019.
The cumulative value of non-petroleum exports in April-December 2021 was $257.14 billion, an increase of 39.82% over $183.91 billion in April-December 2020 and an increase of 24.74% over $206.13 billion in April-December 2019.
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