India's merchandise exports in May 21 increased 67.39% over May 2020



Quick Summary
India's merchandise exports experienced a significant boost in May 2021, increasing by 67.39% compared to the same month in 2020. This growth represents a value of USD 32.21 billion. The country also saw a rise in imports, with a trade deficit of USD 6.32 billion in May 2021. Key export sectors showing positive growth included petroleum products, gems and jewellery, and handicrafts.

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.

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FAQ :

India's merchandise exports in May 2021 were valued at USD 32.21 billion.

Merchandise exports in May 2021 increased by 67.39% compared to May 2020.

India had a trade deficit of USD 6.32 billion in May 2021.

The top export commodity groups with positive growth were Other Cereals, Jute mfg. including Floor Covering, Petroleum Products, Handicrafts excl. Handmade Carpet, and Gems and Jewellery.

The value of non-petroleum and non-gems and jewellery exports in May 2021 was USD 23.97 billion, showing a positive growth of 45.96% over May 2020.




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