India's April-December merchandise trade deficit up 132% at $142.44 billion
17 January 2022
India’s merchandise trade deficit increased by 132.07 per cent year-on-year to an estimated $142.44 billion in April-December 2021 compared to a deficit of $61.38 million in April-December 2020.
Merchandise trade deficit for December 2021 was estimated at $21.68 billion, which is down 37.92 per cent compared to a deficit of $15.72 billion in December 2020.
India exported goods valued at $37.81 billion in December 2021 against exports of $27.22 billion in December 2020, showing a growth of 38.91 per cent, even as the country imported goods valued at $59.48 billion, which is an increase of 38.55 per cent over imports worth $42.93 billion in December 2020.
Merchandise exports for the period April-December 2021 added up to $301.38 billion against $201.38 billion during April-December 2020, showing a growth of 49.66 per cent.
Merchandise imports for the period April-December 2021 stood at $443.82 billion, which is 68.91 per cent higher compared to impots valued at $262.76 billion during April-December 2020, which shows a growth of 68.91 per cent.
Exports of non-petroleum and non-gems and jewellery exports from the country stood at $28.92 billion in December 2021, showing a growth of 29.67 per cent over such exports valued at $22.30 billion in December 2020.
Imports of non-petroleum and non-gems and jewellery (gold, silver and precious metals) were up 34.28 per cent to $35.47 billion in December 2021 compared to imports of $26.41 billion in December 2020.
Non-petroleum and non-gems and jewellery exports during April-December 2021 increased by 36.96 per cent to $228.60 billion over non-petroleum and non-gems & jewellery exports of $166.91 billion in April-December 2020.
Non-petroleum, non-gems and jewellery (gold, silver and precious metals) imports were up 46.74 per cent at $263.43 billion in April-December 2021, compared to such imports valued at $179.52 billion in April-December 2020.