India’s H1 merchandise trade deficit zooms to $78.81 bn
04 Oct 2021
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India’s merchandise trade registered a deficit of nearly $23 billion in September 2021 with exports valued at $33.44 billion and imports worth $56.38 billion, which took the country’s overall merchandise trade deficit to $78.81 billion for the fiscal first half.
India’s merchandise exports in September 2021 increased by 21.35 per cent to $33.44 billion, compared to exports valued at $27.56 billion in September last year and up 28.51 per cent over exports worth $26.02 billion in September 2019.
Merchandise exports from the country in the first six months of the current fiscal (April-September 2021-22) stood at $197.11 billion, showing an increase of 56.92 per cent over exports valued at $125.61 billion in April-September 2020-21, and up 23.84 per cent over exports valued at $159.16 billion in April-September 2019-20.
India’s merchandise imports in September 2021 to $56.38 billion, compared to imports valued at $30.52 billion in September 2020 and by 49.58 per cent over imports worth $37.69 billion in September 2019.
Imports in the April-September 2021-22 period stood at $275.92 billion, showing an increase of 82.36 per cent over imports valued at $151.31 billion in April-September 2020 and an increase of 11.22 per cent over imports worth $248.08 billion in April-September 2019-20.
The trade deficit in September 2021 was lower at $22.94 billion, compared to a deficit of $78.81 billion during April-September 2021.
Non-petroleum exports in September 2021 stood at $28.53 billion, showing a growth of 18.72 per cent over non-petroleum exports valued at $24.03 billion in September 2020 and a growth of 26.32 per cent over non-petroleum exports worth $22.59 billion in September 2019.
Value of non-petroleum imports, on the other hand, stood at $38.95 billion in September 2021, showing a growth of 57.73 per cent over imports valued at $24.69 billion in September 2020 and a growth of 36.14 per cent over such imports valued at $28.61 billion in September 2019.
Cumulative value of non-petroleum exports in April-September 2021-22 stood at $169.13 billion, showing an increase of 48.87 per cent over exports of $113.61 billion in April-September 2020-21 and an increase of 22.64 per cent over exports worth $137.91 billion in April-September 2019-20.
Cumulative value of non-petroleum imports in April-September 2021-22 stood at $202.95 billion, showing an increase of 70.02 per cent compared to non-oil imports of $119.37 billion in April-September 2020-21 and an increase of 10.97 per cent over non-oil imports of $182.88 billion in April-September 2019-20.
Value of non-petroleum and non-gems and jewellery exports in September 2021 stood at $25.29 billion, showing a growth of 18.59 per cent over non-petroleum and non-gems and jewellery exports of $21.33 billion in September 2020 and a growth of 33.14 per cent over non-petroleum and non-gems and jewellery exports of $19.0 billion in September 2019.
Value of non-oil, non-gems and jewellery imports stood at $30.71 billion in September 2021, showing a growth of 39.61 per cent over non-oil and non-gems and jewellery imports of $21.99 billion in September 2020 and a growth of 22.9 per cent over non-oil and non-gems and jewellery imports of $24.98 billion in September 2019.
The cumulative value of non-petroleum and non-gems and jewellery exports in April-September 2021-22 stood at $149.84 billion, an increase of 42.82 per cent over the cumulative value of such exports of $104.92 billn in April-September 2020 and an increase of 26.29 per cent over cumulative value of such exports of $118.65 billion in April-September 2019-29.
The value of non-oil, non-gems and jewellery imports stood at $163.65 billion in April-September 2021, showing a growth of 53.44 per cent, compared to non-oil and non-gems and jewellery imports of $106.65 billion in April-September 2020-21 and a growth of 6.51 per cent over imports of $153.65 billion in April-September 2019-20.
