INDIA’S MERCHANDISE TRADE: Preliminary Data, May 2021

Ministry of Commerce & Industry

INDIA’S MERCHANDISE TRADE: Preliminary Data, May 2021

India’s merchandise exports in May 2021 was USD 32.21 billion, an increase of 67.39% over May 2020 and an increase of 7.93% over May 2019

India’s merchandise imports in May 2021 was USD 38.53 billion, an increase of 68.54% over May 2020 and a decline of 17.47% over May 2019

Value of non-petroleum and non-gems and jewellery exports in May 2021 was USD 23.97 billion, a positive growth of 45.96% over May 2020 and a positive growth of 11.51% over May 2019

Non-oil, non-GJ imports was USD 26.14 billion in May 2021, a positive growth of 41.32% over May 2020 and a negative growth of 4.08% over May 2019

Top 5 commodity groups of export which have recorded positive growth during May 2021 vis-à-vis May 2020 are: Other Cereals, Jute mfg. including Floor Covering, Petroleum Products, Handicrafts excl. Handmade Carpet, and Gems and Jewellery (179.16%)

Top 5 commodity groups of export which have recorded positive growth during May 2021 vis-à-vis May 2019 are: Other Cereals, Iron Ore, Cereal Preparations And Miscellaneous Processed Item, Cotton yarn/fabs./madeups, handloom products etc, and Jute mfg. Including floor covering

Top 5 commodity groups of import which have shown a fall in May 2021 vis-à-vis May 2020 are: Silver, Newsprint, Pulses, Transport equipment, and Iron & Steel

Top 5 commodity groups of import which have shown a fall in May 2021 vis-à-vis May 2019 which are: Silver, Gold, Newsprint, Transport equipment, and Pulses

Posted On: 02 JUN 2021 11:55AM by PIB Delhi

India’s merchandise exports in May 2021 was USD 32.21 billion, an increase of 67.39% over USD 19.24 billion in May 2020 and an increase of 7.93% over USD 29.85 billion in May 2019. India’s merchandise exports in Apr-May 2021 was USD 62.84 billion, an increase of 112.29% over USD 29.6 billion in Apr-May 2020 and an increase of 12.44% over USD 55.88 billion in Apr-May 2019.

India’s merchandise imports in May 2021 was USD 38.53 billion, an increase of 68.54% over USD 22.86 billion in May 2020 and a decline of 17.47% over USD 46.68 billion in May 2019. India’s merchandise imports in Apr-May 2021 was USD 84.25 billion, an increase of 110.73% over USD 39.98 billion in Apr-May 2020 and a decrease of 5.41% over USD 89.07 billion in Apr-May 2019.

India is thus a net importer in May 2021 with a trade deficit of USD 6.32 billion, increase of 74.69% over trade deficit USD 3.62 billion in May 2020 and reduction by 62.49% over trade deficit USD 16.84 billion in May 2019.

In May 2021, the value of non-petroleum exports was USD 26.94 billion, registering a positive growth of 54.06% over USD 17.49 billion in May 2020 and a positive growth of 8.08% over USD 24.92 billion in May 2019. The value of non-petroleum and non-gems and jewellery exports in May 2021 was USD 23.97 billion, registering a positive growth of 45.96% over USD 16.42 billion in May 2020 and a positive growth of 11.51% over USD 21.5 billion in May 2019. The cumulative value of non-petroleum and non-gems and jewellery exports in April-May 2021 was USD 47.59 billion, an increase of 86.64% over USD 25.5 billion in April-May 2020 and an increase of 15.78% over USD 41.11 billion in April-May 2019.

In May 2021, Oil imports was USD 9.45 billion, a positive growth of 164.46% compared to USD 3.57 billion in May 2020 and a negative growth of 24.94 compared to USD 12.59 billion in May 2019. In Apr-May 2021, Oil imports was USD 20.32 billion, a positive growth of 146.79% compared to USD 8.24 billion in Apr-May 2020 and a negative growth of 15.86 compared to USD 24.16 billion in Apr-May 2019.

Non-oil imports in May 2021 was estimated at USD 29.08 billion, showing an increase of 50.77% compared to USD 19.29 billion in May 2020 and a decrease of 14.71% compared to USD 34.09 billion in May 2019. Non-oil imports in Apr-May 2021 was estimated at USD 63.93 billion, showing an increase of 101.37% compared to USD 31.75 billion in Apr-May 2020 and a decrease of 1.52% compared to USD 64.91 billion in Apr-May 2019.

Non-oil, non-GJ (gold, silver & Precious metals) imports was USD 26.14 billion in May 2021, recording a positive growth of 41.32%, as compared to non-oil and non-GJ imports of USD 18.5 billion in May 2020 and a negative growth of 4.08% over USD 27.25 billion in May 2019. Non-oil, non-GJ (gold, silver &Precious metals) imports was USD 52.27 billion in Apr-May 2021, recording a positive growth of 69.44%, as compared to non-oil and non-GJ imports of USD 30.85 billion in Apr-May 2020 and a positive growth of 1.07% over USD 51.71 billion in Apr-May 2019.

Major commodity groups of export showing positive growth in May 2021 over May 2019 are: Other cereals (376.04%), Iron ore (154.82%), Cereal preparations and miscellaneous processed item (25.48%), Cotton yarn/fabrics/made-ups, handloom products etc. (24.85%), Jute mfg. including floor covering (20.99%), Rice (20.37%), Ceramic products and glassware (20.32%), Engineering goods (16.09%), Plastic and linoleum (12.91%), Mica, coal and other ores, minerals including process (12.0%), Carpet (11.21%), Drugs and pharmaceuticals (10.92%), Marine products (9.35%), Spices (9.13%), Meat, dairy and poultry products (7.52%), Petroleum products (7.16%), Organic and Inorganic Chemicals (6.26%), Electronic Goods (5.1%), and Man-made yarn/fabrics/made-ups etc. (1.46%).

Major commodity groups of export showing negative growth in May 2021 over May 2019 are: Leather and leather manufactures (-36.48%), Tea (-29.43%%), RMG of All Textiles (-27.59%), Oil Seeds (-24.47%), Oil meals (-19.49%), Handicrafts excl. Hand-made carpet (-19.48%), Gems and Jewellery (-13.4%), Fruits and vegetables (-8.32%), Cashew (-7.11%), Coffee (-4.71%), and Tobacco (-0.78%).

Major commodity groups of import showing positive growth in May 2021 over May 2019 are: Sulphur & Unroasted Iron Pyrites (472.02%), Professional instrument, Optical goods, etc. (112.98%), Vegetable Oil (75.12%), Chemical material & products (45.91%), Pearls, precious & Semi-precious stones (33.75%), Medcnl. & Pharmaceutical products (29.38%), Artificial resins, plastic materials, etc. (16.34%), Pulp and Waste paper (14.53%), Metaliferrous ores & other minerals (11.42%), and Organic & Inorganic Chemicals (6.88%).

Major commodity groups of import showing negative growth in May 2021 over May 2019 are: Silver (-95.9%), Gold (-85.79%), Newsprint (-69.28%), Transport equipment (-50.81%), Pulses (-49.65%), Cotton Raw & Waste (-39.94%), Leather & leather products (-37.19%), Petroleum, Crude & products (-24.94%), Iron & Steel (-21.83%), Coal, Coke & Briquettes, etc.(-16.8%), Textile yarn Fabric, made-up articles (-14.48%), Machine tools (-13.05%), Electronic goods (-12.12%), Machinery, electrical & non-electrical (-11.5%), Fruits & vegetables (-6.31%), Fertilizers, Crude & manufactured (-5.28%), Project Goods (-4.25%), Wood & Wood products (-3.16%), Dyeing/tanning/colouring materials (-1.86%), and Non-ferrous metals (-0.63%).

 

MERCHANDISE TRADE: Preliminary Data, May 2021

Summary            Value in USD Billion

Total Non-Petroleum Non- Petroleum and Non-Gems &Jewellery
2019-20 2020-21 2021-22 % change 2021-22 over 2020-21 % change 2021-22 over 2019-20 2019-20 2020-21 2021-22 % change 2021-22 over 2020-21 % change 2021-22 over 2019-20 2019-20 2020-21 2021-22 % change 2021-22 over 2020-21 % change 2021-22 over 2019-20
Exports 29.85 19.24 32.21 67.39 7.93 24.92 17.49 26.94 54.06 8.08 21.50 16.42 23.97 45.96 11.51
Imports 46.68 22.86 38.53 68.54 -17.47 34.09 19.29 29.08 50.77 -14.71 27.25 18.50 26.14 41.32 -4.08
Deficit 16.84 3.62 6.32 74.69 -62.49 9.17 1.80 2.14 18.82 -76.65 5.75 2.07 2.17 4.57 -62.31

Change by top Commodity Groups Value in USD Million

Top Increase Top Decline
Commodity group Change (USD Million) %  change Commodity group Change (USD Million) %  change
EXPORT (MAY’21 OVER MAY’20) Petroleum products 3516.63 199.85 Drugs and pharmaceuticals -107.20 -5.42
Engineering goods 3000.43 53.14 Fruits and vegetables -21.15 -10.63
Gems and jewellery 1904.94 179.16 Oil seeds -5.58 -7.08
EXPORT (MAY ’20 OVER MAY’19) Drugs and pharmaceuticals 291.41 17.27 Petroleum products -3163.92 -64.26
Iron ore 231.69 102.75 Gems and jewellery -2364.35 -68.98
Rice 46.54 7.26 Engineering goods -1802.32 -24.20
EXPORT (MAY ’21 OVER MAY’19) Engineering goods 1198.11 16.09 Gems and jewellery -459.40 -13.40
Petroleum products 352.71 7.16 Rmg of all textiles -421.74 -27.59
Iron ore 349.08 154.82 Leather and leather manufacturers -155.69 -36.48
Top Increase Top Decline
Commodity group Change (USD Million) %  change Commodity group Change (USD Million) %  change
IMPORT May’21 OVER May’20) Petroleum, Crude & products 5878.19 164.46 Silver -318.47 -95.31
Pearls, precious & Semi-precious stones 1864.77 490.39 Transport equipment -213.00 -15.32
Electronic goods 1368.17 47.55 Iron & Steel -37.08 -3.04
IMPORT (May’20 OVER May’19) Sulphur & Unroasted Iron Pyrts 2.88 56.72 Petroleum, Crude & products -9018.66 -71.62
Gold -4704.38 -98.40
Electronic goods -1953.38 -40.44
IMPORT (May ’21 OVER May’19)  Vegetable Oil 612.05 75.12 Gold -4101.52 -85.79
Pearls, precious & Semi-precious stones 566.47 33.75 Petroleum, Crude & products -3140.47 -24.94
Professional instrument, Optical goods, etc. 491.71 112.98 Transport equipment -1216.19 -50.81
Spread the love