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INDIA’S MERCHANDISE TRADE: Preliminary Data, May 2021

June 2, 2021
  • Contents

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

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

                   

 

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