New Delhi: India’s merchandise exports rose 27.16 per cent to USD 30.04 billion in November on good performance by sectors such as petroleum products, engineering goods and electronic goods, official data showed on Tuesday.
Exports stood at $23.62 billion in November 2020.
Imports in November stood at $52.94 billion, an increase of 56.58 percent as compared to inbound shipments of $33.81 billion in the year-ago month.
Gold imports grew by nearly 40 per cent to $4.22 billion in November 2020 as against 3.02 billion.
The trade deficit stood at $22.91 billion in November, according to data released by the Ministry of Commerce and Industry. This compares to $10.19 billion in November 2020.
Goods exports stood at $263.57 billion in April-November 2021, up 51.34 per cent from $174.16 billion during the same period last year.
Imports during the period totaled $384.34 billion, a growth of 74.84 per cent over April-November 2020, when it stood at $219.82 billion.
“The trade trade balance for April-November 2021 stood at (-) 120.76 billion dollars as compared to (-) $45.66 billion in April-November 2020, which is a decline of (-) 164.49 per cent. ” by the Ministry.
Exports of petroleum products grew 154.22 per cent year-on-year to $3.95 billion during November. Engineering goods exports grew to nearly $8 billion, an increase of about 37 percent compared to the same month last year.
According to the data, exports of electronic goods increased from $1.12 billion last November to $1.45 billion in the month under review, an increase of 29.83 per cent.
Shipments of organic and inorganic chemicals grew 32.54 percent to $2.24 billion.
On the import front, inbound shipments of ‘coal, coke and briquettes’ stood at $3.57 billion, a growth of 135.81 per cent in November 2020.
Imports of petroleum, crude oil and products also increased by 132.43 percent to $14.67 billion.
Vegetable oil imports rose 78.82 percent to $1.75 billion.
The release further said that the estimated value of services exports for November 2021 was $20.33 billion, an increase of 16.88 percent over the corresponding month of the previous year ($17.39 billion).
The estimated value of imports of services was $11.81 billion, an increase of 20.71 percent over November 2020 ($9.78 billion).
India’s total exports (goods and services) in November were estimated at $50.36 billion, an increase of 22.80 percent over the same period last year.
Non-petroleum and non-gems and jewelery exports grew 22.26 per cent to $23.68 billion in November.
Non-petroleum, non-gems and jewelery (gold, silver and precious metals) imports stood at $31.82 billion, an increase of 40.64 percent from $22.63 billion in November 2020.
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