Trade Deficit Data in November 2021: Trade deficit - the gap between imports and exports, stood at $22.91 billion, compared to $10.19 billion in November 2020, according to government data
The country's merchandise trade deficit - the gap between imports and exports, widened to a record $22.6 billion in September 2021 - the highest level in at least 14 years, according to news agency Reuters.
Trade Deficit Data in September 2021: Last month, the trade deficit - the gap between imports and exports, stood at $22.94 billion as gold imports jumped almost 750 per cent to $5.11 billion.
The country s total merchandise exports are projected to grow 70.1 per cent to USD 87.2 billion in the first quarter of fiscal 2021-22 from USD 51.3 billion
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The data revealed that exports of petroleum products contracted 35.35 per cent to $ 2.34 billion in December 2020, while that of readymade garments shrank 15.05 per cent to $ 1.19 billion. However, exports of electronic goods grew by 16.51 per cent to $ 1.25 billion and of chemicals by 10.79 per cent to nearly $ 2 billion. If the merchandise and services are combined, the country s overall exports in the April-December period stood at $ 348.49 billion, a decline of 12.65 per cent over the corresponding period in 2019.
Additionally, the outward shipments of rice, tea, spices as well as oil meals too were higher in December 2020 as compared to the corresponding month of 2019. The cumulative value of exports for the April-December period was $ 200.80 billion as compared to $ 238.27 billion during the corresponding period in 2019, registering a decline of 15.73 per cent. The overall imports in the April-December period were estimated to be $ 343.27 billion, reflecting negativ
In December 2020, oil imports declined by 10.37 per cent to $ 9.61 billion
Contracting for the third straight month, India s exports slipped marginally by 0.8 per cent to $ 26.89 billion in December 2020, due to decline in sectors like petroleum, leather, and marine products, as per the government data. The trade deficit in December widened to $15.71 billion, as imports grew by 7.6 per cent to $ 42.6 billion, according to the preliminary data released by the commerce ministry on Saturday. Exports in December 2019 were $ 27.11 billion, while imports stood at $ 39.5 billion. In November 2020, exports were down by 8.74 per cent. In April-December 2020-21, the country s merchandise exports contracted by 15.8 per cent to $ 200.55 billion, as compared to $ 238.27 billion in the same period last fiscal.