Ministry of Commerce & Industry
INDIA’S MERCHANDISE TRADE: Preliminary Data, February 2021
India’s merchandise exports in February 2021 was USD 27.67 billion as compared to USD 27.74 billion in February 2020, a decrease of 0.25%.
India’s merchandise imports in February 2021 were USD 40.55 billion as compared to USD 37.90 billion in February 2020,an increase of 6.98%.
India is thus a net importer in February 2021 with a trade deficit of USD 12.88 billion as compared to trade deficit of USD 10.16 billion in February 2020,increase of 25.84%.
Value of non-petroleum and non-gems and jewellery exports in February 2021 was USD 22.48 billion as compared to USD 21.28 billion in February 2020, a positive growth of 5.65%.
Non-oil, non-GJ (gold, silver & Precious metals) imports were USD 23.85 billion in February 2021 as compared to non-oil and non-GJ imports of USD 22.21 billion in February 2020,a positive growth of 7.40%
Top 5 commodity groups of export which recorded positive growth during February 2021 vis-à-vis February 2020 are: Other Cereals (542.06%), Oil meals (244.12%), Iron Ore (167.79%), Jute manufacturing including floor covering (45.40%), and Rice(30.10%)
Top 5 commodity groups of import showing a fall in February 2021vis-à-vis February 2020 are: Silver (-91.55%), Newsprint (-80.76%), Fertilisers, Crude & manufactured (-46.01), Coal, Coke & Briquettes, etc. (-28.09%), and Leather & leather products (-26.75)
Posted On:
02 MAR 2021 2:32PM by PIB Delhi
India’s merchandise exports in February 2021 were USD 27.67 billion as compared to USD 27.74 billion in February 2020, a decrease of 0.25%.Exports during April-February2020-21 were USD 255.92 billion, as compared to USD 291.87 billion during the same period of last year, exhibiting a negative growth of 12.32%.
India’s merchandise imports in February 2021were USD 40.55 billion, as compared to USD 37.90 billion in February 2020, anincrease of 6.98%. Merchandise imports during April-February 2020-21 were USD 340.88 billion, as compared to USD 443.24 billion during the same period of last year, exhibiting a negative growth of 23.09%.
India is thus a net importer in February 2021, with a trade deficit of USD 12.88 billion, as compared to trade deficit of USD 10.16 billion in February 2020, improvement by 26.74%.
In February 2021, the value of non-petroleum exports was USD 25.16 billion, registering a positive growth of 3.55% over February 2020. The value of non-petroleum and non-gems and jewelleryexports in February 2021 was USD 22.48 billion as compared to USD 21.28 billion in February 2020, registering a positivegrowth of 5.65%. The cumulative value of non-petroleum and non-gems and jewellery exports in April-February2020-21 was USD 211.25 billion, as compared to USD 219.22 billion for the corresponding period in 2019-20, exhibiting a decrease of 3.63%.
In February 2021, Oil imports were USD 8.99 billion, as compared to USD 10.78 billion in February 2020, a decline by 16.63%. Oil imports in April-February2020-21 were USD 72.08 billion, as compared to USD 120.50 billion, showing a decline of 40.18%.
Non-oil imports in February 2021 were estimated at USD 31.56 billion, as compared to USD 27.12 billion in February 2020, showing anincrease of 16.37%. Non-oil imports in April-February2020-21 were USD 268.78 billion, as compared to USD 322.74billion, registering a decline of 16.73% during the same period of the last year.
Non-oil, non-GJ (gold, silver &Precious metals) imports were USD 23.85 billion in February 2021, recording a positive growth of 7.40%, as compared to non-oil and non-GJ imports of USD 22.21 billion in February 2020. Non-oil and non-GJ imports were USD 225.49billion in April-February 2020-21, recording a negative growth of 17.11%, as compared to non-oil and non-GJ imports of USD 272.05 billion in April-February 2019-20.
Major commodities of export which have recorded positive growth during February 2021 vis-à-vis February 2020 are: Other cereals (542.06.62%), Oil meals (244.12%), Iron ore (167.79%), Jute mfg. Including floor covering (45.4%),Rice (30.1%), Cereal preparations and miscellaneous processed item (26.68%), Meat, dairy and poultry products (26.43%),Carpet (19.4%), Spices (18.46%), Drugs and pharmaceuticals (14.58%), Handicrafts excl. Hand-made carpet (13.14%), Ceramic products and glassware (10.8%), Cotton yarn/fabrics/made-ups, handloom products etc. (9.34%), Tobacco (7.69%), Plastic and linoleum (3.03%), Mica, coal and other ores, minerals including process (2.33%), and Organic and Inorganic Chemicals (1.16%).
Major commodities of export which have recorded negative growth during February 2021 vis-à-vis February 2020 are Petroleum products (-27.13%), Oil Seeds (-25.45%), Leather and leather manufactures (-21.62%), Cashew (-18.6%), Gems and Jewellery (-11.18%), RMG of All Textiles (-8.5%), Electronic Goods (-5.8%), Fruits and vegetables (-4.01%), Man-made yarn/fabrics/made-ups etc. (4.0%), Engineering goods (-2.56%), Tea (-2.49%),Coffee (-0.73%), and Marine products (-0.25%).
Major commodity groups of import showing positive growth in February 2021 over the corresponding month of last year are: Sulphur & Unroasted Iron Pyrites (235.96%), Gold (123.95%), Dyeing/tanning/colouring materials (46.38%), Chemical material & products (45.51%), Electronic goods (37.77%), Organic & Inorganic Chemicals (37.61%), Metaliferrous ores & other minerals (29.52%), Artificial resins, plastic materials, etc. (25.07%), Iron & Steel (23.41%), Textile yarn Fabric, made-up articles (21.43%), Wood & Wood products (18.56%), Medcnl. & Pharmaceutical products (15.38%), %), and Non-ferrous metals (12.39%).
Major commodity groups of import showing negative growth in February 2021 over the corresponding month of last year are: Silver (-91.55%), Newsprint (-80.76%), Fertilisers, Crude & manufactured (-46.01%), Coal, Coke & Briquettes, etc. (-28.09%), Leather & leather products (-26.75%), Transport equipment (-23.0%), Petroleum, Crude & products (-16.63%), Project Goods (-12.56%), Pulses (-11.6%), Machine tools (-6.35%), Cotton Raw & Waste (-5.08%), Machinery, electrical & non-electrical (-4.85%), Professional instrument, Optical goods, etc. (-3.17%), Pulp and Waste paper (-2.8%), Pearls, precious & Semi-precious stones (-1.42%),Fruits & vegetables (-0.88%), and Vegetable Oil (-0.56%).
MERCHANDISE TRADE: Preliminary Data, February 2021
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
|
27.74
|
27.67
|
-0.25
|
24.30
|
25.16
|
3.55
|
21.28
|
22.48
|
5.65
|
Imports
|
37.90
|
40.55
|
6.98
|
27.12
|
31.56
|
16.37
|
22.21
|
23.85
|
7.40
|
Deficit
|
-10.16
|
-12.88
|
26.74
|
-2.82
|
-6.40
|
126.65
|
-0.93
|
-1.37
|
47.41
|
|
|
|
|
|
|
|
|
|
|
|
Change by top Commodity Groups
Value in USD Million
|
Top Increase in February 2021 as compared to February 2020
|
Top Decline in February 2021 as compared to February 2020
|
|
Commodity group
|
Change in value
|
% change
|
Commodity group
|
Change in value
|
% change
|
Export
|
IRON ORE
|
294.09
|
167.79
|
PETROLEUM PRODUCTS
|
-933.82
|
-27.13
|
DRUGS AND PHARMACEUTICALS
|
254.55
|
14.58
|
GEMS AND JEWELLERY
|
-337.64
|
-11.18
|
RICE
|
210.29
|
30.10
|
ENGINEERING GOODS
|
-185.01
|
-2.56
|
Import
|
GOLD
|
2928.20
|
123.95
|
PETROLEUM, CRUDE & PRODUCTS
|
-1792.43
|
-16.63
|
ELECTRONIC GOODS
|
1326.97
|
37.77
|
COAL, COKE & BRIQUETTES, ETC.
|
-514.85
|
-28.09
|
ORGANIC & INORGANIC CHEMICALS
|
559.09
|
37.61
|
TRANSPORT EQUIPMENT
|
-505.45
|
-23.00
|
YB/SS
*****
(Release ID: 1701910)
Visitor Counter : 906