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FIRST TIME EVER IN A MONTH, INDIAN EXPORTS CROSSED US$ 34 BILLION IN MARCH 2021; INDIAS MERCHANDISE TRADE: Preliminary Data for March 2021 released; Indias merchandise exports in March 2021 were USD 34.0 billionas compared to USD 21.49 billion in March 2020, anincrease of 58.23%; Indias merchandise imports in March 2021 were USD 48.12 billion as compared to USD 31.47 billion in March 2020an increase of 52.89%; India is a net importer in March 2021 with a trade deficit of USD 14.11 bi
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FAQ :
Indian merchandise exports reached a record US$34.0 billion in March 2021.
Exports in March 2021 were US$34.0 billion, a substantial increase of 58.23% compared to US$21.49 billion in March 2020.
The top export commodity groups showing positive growth included Other Cereals (323.65%), Oil Meals (228.4%), and Iron Ore (194.98%).
Yes, India's merchandise imports also saw an increase, rising by 52.89% to US$48.12 billion in March 2021 from US$31.47 billion in March 2020.
India had a trade deficit of US$14.11 billion in March 2021, which was an increase from the US$9.98 billion deficit recorded in March 2020.
Major import commodity groups showing a fall included Silver (-90.22%), Newsprint (-50.66%), and Transport equipment (-32.73%).
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