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TMI BlogINDIA’S MERCHANDISE TRADE: Preliminary Data, October 2020X X X X Extracts X X X X X X X X Extracts X X X X ..... INDIA’S MERCHANDISE TRADE: Preliminary Data, October 2020 X X X X Extracts X X X X X X X X Extracts X X X X ..... 019, a positive growth of 6.34%. Non-oil, non-GJ (gold, silver & Precious metals) imports were USD 22.83 billion in October 2020, as compared to USD 24.9 billion in October 2019, a negative growth of 8.31%. Top 5 commodities of export which recorded positive growth during October 2020 vis-à-vis October 2019 are: Other Cereals (369.30%), Rice (112.15%), Oil meals (76.62%), Iron Ore (73.89%), Oil Seeds (54.06%). Top 5 commodity groups of import showing a fall in October 2020 over the corresponding month of last year are: Silver (-90.54%), Newsprint (-79.99%), Cotton Raw and Waste (-77.40%), Pulses(-65.15%), Transport equipment (-56.32%). India's merchandise exports in October 2020 were USD 24.82 billion, as compared to USD 26.23 bi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... llion in October 2019, showing a fall of 5.4%. Exports during April-October 2020-21 were USD 150.07 billion, exhibiting a decline of 19.05% over the same period last year. The value of India's merchandise imports in October 2020 was USD 33.6 billion, as compared to USD 37.99 billion in October 2019, a decline of 11.56%. Merchandise imports during April-October 2020-21 were USD 182.29 billion, as compared to USD 286.07 billion during the same period last year, exhibiting a negative growth of 36.28%. India was thus a net importer in October 2020, with a trade deficit of USD 8.78 billion, as compared to trade deficit of USD 11.76 billion, an improvement by 25.34%. In October 2020, the value of non-petroleum exports was USD 23.21 billion, re ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... gistering a positive growth of 1.84% over October 2019. The value of non-petroleum and non-gems and jewellery exports in October 2020 was USD 20.28 billion, as compared to USD 19.07 billion in October 2019, registering a positive growth of 6.34%. The cumulative value of non-petroleum and non-gems and jewellery exports in April-October 2020-21 was USD 124.79 billion, as compared to USD 137.72 billion for the corresponding period in 2019-20, exhibiting a decrease of 9.39%. In October 2020, Oil imports were USD 5.98 billion, as compared to USD 9.73 billion in October 2019, a decline by 38.52%. Oil imports in April-October 2020-21 were USD 37.84 billion, as compared to USD 74.93 billion, showing a decline of 49.5%. Non-oil imports in October ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 2020 were estimated at USD 27.62 billion, as compared to USD 28.26 billion in October 2019, showing a decline of 2.26%. Non-oil imports in April-October 2020-21 were USD 144.45 billion, as compared to USD 211.14 billion, registering a decline of 31.59% during the same period of the last year. Non-oil, non-GJ (gold, silver &Precious metals) imports were USD 22.83 billion in October 2020, recording a negative growth of 8.31%, as compared to non-oil and non-gold imports of USD 24.9 billion in October 2019. Non-oil and non-gold imports were USD 126.97 billion in April-October 2020-21, recording a negative growth of 29.28%, as compared to non-oil and non-gold imports of USD 179.55 billion in April-October 2019-20. Major commodities of export w ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... hich have recorded positive growth during October 2020 vis-à-vis October 2019 are: Other cereals (369.30%), Rice (112.15%), Oil meals (76.62%), Iron ore (73.89%), Oil seeds (54.06%), Carpet (37.67%), Cereal preparations and miscellaneous processed item (36.13%), Ceramic products and glassware (34.62%), Drugs and pharmaceuticals (21.82%), Spices (21.61%), Jute mfg. Including floor covering (18.76%), Meat, dairy and poultry products (16.65%), Handicrafts excl. Handmade carpet (11.37%), Fruits and vegetables (8.92%), Mica, coal and other ores, minerals including process (7.68%), Cotton yarn/fabrics/made-ups, handloom products etc. (6.52%), RMG of all textiles (6.31%), Tobacco (4.34%), Organic and inorganic chemicals (1.91%), Tea (0.14%) ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... . Major commodities of export which have recorded negative growth during October 2020 vis-à-vis October 2019 are Petroleum products (53.30%), Cashew (21.57%), Gems and jewellery (21.27%), Leather and leather manufactures (16.69%), Man-made yarn/fabrics/made-ups etc. (12.82%), Electronic goods (9.40%), Coffee (9.25%), Marine products (8.09%), Plastic and linoleum (6.88%), Engineering goods (3.84%). Major commodity groups of import showing positive growth in October 2020 over the corresponding month of last year are: Pearls, precious & Semi-precious stones (50.47%), Fertilizers, Crude & manufactured (46.25%), Gold (35.88%), Sulphur & Unroasted Iron Pyrites (32.09%), Project goods (28.75%), Fruits & vegetables (22.81%), Electronic goo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ds (16.12%), Medcnl. & Pharmaceutical products (13.33%), Vegetable Oil (7.29%), Metaliferrous ores & other minerals (4.80%), Chemical material & products (2.00%. Major commodity groups of import showing negative growth in October 2020 over the corresponding month of last year are: Silver (90.54%), Newsprint (79.99%), Cotton Raw & Waste (77.40%), Pulses (65.15%), Transport equipment (56.32%), Leather & leather products (41.37%), Petroleum, Crude & products (38.52%), Pulp and Waste paper (29.88%), Machine tools (29.62%), Wood & Wood products (26.51%), Textile yarn Fabric, made-up articles (25.13%), Iron & Steel (22.32%), Machinery, electrical & non-electrical (15.63%), Professional instrument, Optical goods, etc. (11.95%), Artificial resins, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... plastic materials, etc. (7.53%), Coal, Coke & Briquettes, etc. (6.50%), Organic & Inorganic Chemicals (2.89%), Non-ferrous metals (2.26%), Dyeing/tanning/colouring materials (0.46%). MERCHANDISE TRADE: Preliminary Data, October 2020 Summary Value in USD Billion Total Non-Petroleum Non- Petroleum and Non-Gems &Jewellery 2019-20 2020-21 % change 2019-20 2020-21 % change 2019-20 2020-21 % change Exports 26.23 24.82 -5.40 22.79 23.21 1.84 19.07 20.28 6.34 Imports 37.99 33.60 -11.56 28.26 27.62 -2.26 24.90 22.83 -8.31 Deficit 11.76 8.78 -25.34 5.47 4.41 -19.38 5.83 2.55 -56.26 Change by top Commodity Groups Value in USD Million Top Increase in October 2020 as compared to October 2019 Top Decline i ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n October 2020 as compared to October 2019
Commodity group
Change in value
% change
Commodity group
Change in value
% change
Export
Drugs And Pharmaceuticals
372.05
21.82
Petroleum Products
-1835.58
-53.30
Rice
359.82
112.15
Gems And Jewellery
-790.40
-21.27
Organic And Inorganic Chemicals
143.85
73.89
Leather And Leather Manufacturers
-248.07
-3.84
Import
Electronic Goods
768.69
16.12
Petroleum, Crude & Products
-3747.66
-38.52
Pearls, Precious & Semi-Precious Stones
768.48
50.47
Transport Equipment
-1459.42
-56.32
Gold
660.15
35.88
Machinery, Electrical & Non-Electrical
-462.62
-15.63 X X X X Extracts X X X X X X X X Extracts X X X X
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