India's December merchandise exports slip by 0.80% YoY
Jan 2, 2021, 17:43 IST
New Delhi, Lockdown measures in some of the key export markets subdued India's merchandise exports in December 2020 by 0.80% to $26.89 billion from $27.11 billion in December 2019, preliminary data showed on Saturday.
"India's merchandise exports in December 2020 totalled $26.89 billion, compared with $27.11 billion in December 2019, a marginal fall of 0.80%," a Ministry of Commerce and Industry statement said on the basis of preliminary data.
"Exports during April-December 2020-21 were worth $200.55 billion, compared with $238.27 billion during the same period last year, exhibiting a negative growth of 15.8%."
However, in December 2020, the value of non-petroleum exports stood at $24.73 billion, registering a positive growth of 5.33% on YoY basis.
Similarly, the value of non-petroleum and non-gems and jewellery exports in December 2020 stood at $22.15 billion compared with $21.06 billion in December 2019, registering a positive growth of 5.17%.
On the other hand, India's merchandise imports grew by 7.6% in December to $42.60 billion from $39.59 billion during the corresponding month of the previous year.
In December 2020, oil worth $9.61 billion was imported, compared with $10.72 billion in December 2019, a decline by 10.37%.
"Non-oil imports in December 2020 totalled an estimated USD 33 billion, compared with USD 28.88 billion in December 2019, showing an increase of 14.27%."
"Non-oil, non-GJ (gold, silver & precious metals) worth USD 26.10 billion were imported in December 2020, recording a positive growth of 8.42%, compared with non-oil and non-GJ imports totalling USD 24.07 billion in December 2019."
Consequently, India's trade deficit widened by 25.78% to $15.71 billion from $12.49 billion reported for the like period of last year.
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"India's merchandise exports in December 2020 totalled $26.89 billion, compared with $27.11 billion in December 2019, a marginal fall of 0.80%," a Ministry of Commerce and Industry statement said on the basis of preliminary data.
"Exports during April-December 2020-21 were worth $200.55 billion, compared with $238.27 billion during the same period last year, exhibiting a negative growth of 15.8%."
However, in December 2020, the value of non-petroleum exports stood at $24.73 billion, registering a positive growth of 5.33% on YoY basis.
Similarly, the value of non-petroleum and non-gems and jewellery exports in December 2020 stood at $22.15 billion compared with $21.06 billion in December 2019, registering a positive growth of 5.17%.
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In December 2020, oil worth $9.61 billion was imported, compared with $10.72 billion in December 2019, a decline by 10.37%.
"Non-oil imports in December 2020 totalled an estimated USD 33 billion, compared with USD 28.88 billion in December 2019, showing an increase of 14.27%."
"Non-oil, non-GJ (gold, silver & precious metals) worth USD 26.10 billion were imported in December 2020, recording a positive growth of 8.42%, compared with non-oil and non-GJ imports totalling USD 24.07 billion in December 2019."
Consequently, India's trade deficit widened by 25.78% to $15.71 billion from $12.49 billion reported for the like period of last year.
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SEE ALSO:
INTERVIEW: Kia Motors’ 2021 plan includes 11 electric vehicle launches — but India may have to wait longer
From Amazon buying Cyprus to Germany bailing out France — here are ten of the most ‘outrageous’ predictions for 2021
India’s edtech in charts – How the shift to online learning meant money, valuation and users for the likes of BYJU’S, Unacademy, and others