India's merchandise trade deficit zooms to $23.30 bn in Nov; over deficit at $121.98 bn

India imported goods valued at $53.18 billion in November 2021, against exports valued at $29.88 billion, showing a trade deficit of $23.30 billion for the month. Overall trade deficit for the first eight months of the current fiscal (April-November 2021-22) now stands at $121.98 billion.   

Merchandise exports from the country rose 26.49 per cent to $29.88 billion in November 2021 against exports valued at over $23.62 billion in November 2020. Merchandise exports in April-November 2021 stood at $262.46 billion, showing an increase of 50.71 per cenrt over exports valued at $174.15 billion in April-November 2020.
India’s imports, on the other hand, increased by 57.18 per cent in November 2021 to $53.15 billion, against imports valued at $33.81 billion in November 2020. Imports in April-November 2021 stood at $384.44 billion, showing an increase of 75.39 per cent over imports valued at $219.19 billion in April-November 2020.
Value of non-petroleum exports in November 2021 stood at $26.06 billion, showing a growth of 18.1 per cent over non-petroleum exports valued at $22.06 billion in November 2020. The cumulative value of non-petroleum exports in April-November 2021 stood at $225.46 billion, showing an increase of 41.78 per cent over imports valued at $159.03 billion in April-November 2020.
Non-petroleum imports, on the other hand, were valued at $38.47 billion in November 2021, showing a growth of 39.9 per cent over non-petroleum imports valued at $27.5 billion in November 2020. The cumulative value of non-petroleum imports in April-November 2021 stood at $282.36 billion, showing an increase of 61.4 per cent over non-oil imports of $174.94 billion in April-November 2020.