India’s merchandise exports in November 2020 were USD 23.43 billion, as compared to USD 25.77 billion in November 2019, a fall of 9.07%. Exports during April-November 2020-21 were USD 173.49 billion, as compared to USD 211.17 billion during the same period last year, exhibiting a negative growth of 17.84%.
India’s merchandise imports in November 2020 were USD 33.39 billion, as compared to USD 38.52 billion in November 2019, a decline of 13.33%. Merchandise imports during April-November 2020-21 were USD 215.67 billion, as compared to USD 324.59 billion during the same period last year, exhibiting a negative growth of 33.56%.
India is thus a net importer in November 2020, with a trade deficit of USD 9.96 billion, as compared to trade deficit of USD 12.75 billion, improvement by 21.93%.
In November 2020, the value of non-petroleum exports was USD 21.95 billion, registering a negative growth of 0.03% over November 2019. The value of non-petroleum and non-gems and jewellery exports in November 2020 was USD 19.26 billion as compared to USD 19.37 billion in November 2019, registering a negative growth of 0.59%. The cumulative value of non-petroleum and non-gems and jewellery exports in April-November 2020-21 was USD 144.04 billion, as compared to USD 157.09 billion for the corresponding period in 2019-20, exhibiting a decrease of 8.30%.
In November 2020, Oil imports were USD 6.27 billion, as compared to USD 11.07 billion in November 2019, a decline by 43.36%. Oil imports in April-November 2020-21 were USD 44.10 billion, as compared to USD 85.99 billion, showing a decline of 48.71%.
Non-oil imports in November 2020 were estimated at USD 27.12 billion, as compared to USD 27.45 billion in November 2019, showing a decline of 1.22%. Non-oil imports in April-November 2020-21 were USD 171.57 billion, as compared to USD 238.60 billion, registering a decline of 28.09% during the same period of the last year.
Non-oil, non-GJ (gold, silver &Precious metals) imports were USD 22.25 billion in November 2020, recording a negative growth of 0.84%, as compared to non-oil and non-GJ imports of USD 22.44 billion in November 2019. Non-oil and non-GJ imports were USD 149.17 billion in April-November 2020-21, recording a negative growth of 25.74%, as compared to non-oil and non-GJ imports of USD 200.89 billion in April-November 2019-20.
Major commodities of export which have recorded positive growth during November 2020 vis-à-vis November 2019 are: Other cereals (164.67%), Oil meals (70.54%), Iron ore (68.15%), Rice (24.41%), Ceramic products and glassware (20.98%), Handicrafts excl. Hand-made carpet (17.71%), Cereal preparations and miscellaneous processed item (16.75%), Carpet (15.58%), Jute mfg. Including floor covering (14.06%),Spices (12.12%), Drugs and pharmaceuticals (11.13%), Tobacco (8.64%), Cotton yarn/fabrics/made-ups, handloom products etc. (8.38%), Fruits and vegetables (5.33%), Tea (5.02%), Gems and Jewellery (4.11%), Mica, coal and other ores, minerals including process (2.23%),Meat, dairy and poultry products (1.34%), Electronic Goods (0.95%).
Major commodities of export which have recorded negative growth during November 2020 vis-à-vis November 2019 are Petroleum products (61.05%), Leather and leather manufactures (29.80%), Cashew (24.90%), Plastic and linoleum (23.34%), Marine products (16.11%), Oil Seeds (15.30%), Man-made yarn/fabrics/made-ups etc. (11.14%), Engineering goods (8.27%), Organic and Inorganic Chemicals (8.09%), Coffee (1.27%), RMG of All Textiles (1.20%).
Major commodity groups of import showing positive growth in November 2020 over the corresponding month of last year are: Fruits & vegetables (66.81%), Chemical material & products (36.08%), Vegetable Oil (34.02%), Fertilisers, Crude & manufactured (29.25%), Pulses (18.16%), Dyeing/tanning/colouring materials (18.07%), Electronic goods (12.25%), Non-ferrous metals (9.04%), Metaliferrous ores & other minerals (4.15%), Gold (2.65%), Medcnl. & Pharmaceutical products (0.88%).
Major commodity groups of import showing negative growth in November 2020 over the corresponding month of last year are: Silver (89.71%), Cotton Raw & Waste (74.09%), Newsprint (69.96%), Project Goods (53.01%), Leather & leather products (46.81%), Petroleum, Crude & products (43.36%), Sulphur & Unroasted Iron Pyrites (34.64%),Machine tools (26.55%), Wood & Wood products (19.81%), Transport equipment (19.62%), Pulp and Waste paper (17.09%), Machinery, electrical & non-electrical (13.37%), Textile yarn Fabric, made-up articles (13.09%), Coal, Coke & Briquettes, etc. (12.15%), Iron & Steel (10.14%), Professional instrument, Optical goods, etc. (8.30%), Pearls, precious & Semi-precious stones (7.16%),Artificial resins, plastic materials, etc. (3.45%), Organic & Inorganic Chemicals (3.23%).
MERCHANDISE TRADE: Preliminary Data, November 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 | 25.77 | 23.43 | -9.07 | 21.95 | 21.95 | -0.03 | 19.37 | 19.26 | -0.59 | |
| Imports | 38.52 | 33.39 | -13.33 | 27.45 | 27.12 | -1.22 | 22.44 | 22.25 | -0.84 | |
| Deficit | -12.75 | -9.96 | -21.93 | -5.5 | -5.17 | -5.95 | -3.07 | -2.99 | -2.47 | |
Change by top Commodity Groups
Value in USD Million
| Top Increase in November 2020 as compared to November 2019 | Top Decline in November 2020 as compared to November 2019 | |||||
| Commodity group | Change in value | % change | Commodity group | Change in value | % change | |
| Export | DRUGS AND PHARMACEUTICALS | 199.15 | 11.13 | PETROLEUM PRODUCTS | -2330.61 | -61.05 |
| IRON ORE | 133.12 | 68.15 | ENGINEERING GOODS | -529.56 | -8.27 | |
| RICE | 108.47 | 24.41 | PLASTIC AND LINOELUM | -154.23 | -23.34 | |
| Import | Electronic goods | 512.58 | 12.25 | Petroleum, Crude & products | -4799.93 | -43.36 |
| Vegetable Oil | 249.17 | 34.02 | Machinery, electrical & non-electrical | -395.88 | -13.37 | |
| Chemical material & products | 208.24 | 36.08 | Transport equipment | -321.04 | -19.62 | |