INDIA’S MERCHANDISE TRADE: Preliminary Data, May 2021
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
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.
In May 2021, Oil imports was USD 9.45 billion, a positive growth of 164.46% compared to USD 3.57 billion in May 2020 and a negative growth of 24.94 compared to USD 12.59 billion in May 2019. In Apr-May 2021, Oil imports was USD 20.32 billion, a positive growth of 146.79% compared to USD 8.24 billion in Apr-May 2020 and a negative growth of 15.86 compared to USD 24.16 billion in Apr-May 2019.
Non-oil imports in May 2021 was estimated at USD 29.08 billion, showing an increase of 50.77% compared to USD 19.29 billion in May 2020 and a decrease of 14.71% compared to USD 34.09 billion in May 2019. Non-oil imports in Apr-May 2021 was estimated at USD 63.93 billion, showing an increase of 101.37% compared to USD 31.75 billion in Apr-May 2020 and a decrease of 1.52% compared to USD 64.91 billion in Apr-May 2019.
Non-oil, non-GJ (gold, silver & Precious metals) imports was USD 26.14 billion in May 2021, recording a positive growth of 41.32%, as compared to non-oil and non-GJ imports of USD 18.5 billion in May 2020 and a negative growth of 4.08% over USD 27.25 billion in May 2019. Non-oil, non-GJ (gold, silver &Precious metals) imports was USD 52.27 billion in Apr-May 2021, recording a positive growth of 69.44%, as compared to non-oil and non-GJ imports of USD 30.85 billion in Apr-May 2020 and a positive growth of 1.07% over USD 51.71 billion in Apr-May 2019.
Major commodity groups of export showing positive growth in May 2021 over May 2019 are: Other cereals (376.04%), Iron ore (154.82%), Cereal preparations and miscellaneous processed item (25.48%), Cotton yarn/fabrics/made-ups, handloom products etc. (24.85%), Jute mfg. including floor covering (20.99%), Rice (20.37%), Ceramic products and glassware (20.32%), Engineering goods (16.09%), Plastic and linoleum (12.91%), Mica, coal and other ores, minerals including process (12.0%), Carpet (11.21%), Drugs and pharmaceuticals (10.92%), Marine products (9.35%), Spices (9.13%), Meat, dairy and poultry products (7.52%), Petroleum products (7.16%), Organic and Inorganic Chemicals (6.26%), Electronic Goods (5.1%), and Man-made yarn/fabrics/made-ups etc. (1.46%).
Major commodity groups of export showing negative growth in May 2021 over May 2019 are: Leather and leather manufactures (-36.48%), Tea (-29.43%%), RMG of All Textiles (-27.59%), Oil Seeds (-24.47%), Oil meals (-19.49%), Handicrafts excl. Hand-made carpet (-19.48%), Gems and Jewellery (-13.4%), Fruits and vegetables (-8.32%), Cashew (-7.11%), Coffee (-4.71%), and Tobacco (-0.78%).
Major commodity groups of import showing positive growth in May 2021 over May 2019 are: Sulphur & Unroasted Iron Pyrites (472.02%), Professional instrument, Optical goods, etc. (112.98%), Vegetable Oil (75.12%), Chemical material & products (45.91%), Pearls, precious & Semi-precious stones (33.75%), Medcnl. & Pharmaceutical products (29.38%), Artificial resins, plastic materials, etc. (16.34%), Pulp and Waste paper (14.53%), Metaliferrous ores & other minerals (11.42%), and Organic & Inorganic Chemicals (6.88%).
Major commodity groups of import showing negative growth in May 2021 over May 2019 are: Silver (-95.9%), Gold (-85.79%), Newsprint (-69.28%), Transport equipment (-50.81%), Pulses (-49.65%), Cotton Raw & Waste (-39.94%), Leather & leather products (-37.19%), Petroleum, Crude & products (-24.94%), Iron & Steel (-21.83%), Coal, Coke & Briquettes, etc.(-16.8%), Textile yarn Fabric, made-up articles (-14.48%), Machine tools (-13.05%), Electronic goods (-12.12%), Machinery, electrical & non-electrical (-11.5%), Fruits & vegetables (-6.31%), Fertilizers, Crude & manufactured (-5.28%), Project Goods (-4.25%), Wood & Wood products (-3.16%), Dyeing/tanning/colouring materials (-1.86%), and Non-ferrous metals (-0.63%).
MERCHANDISE TRADE: Preliminary Data, May 2021
Summary Value in USD Billion
| Total | Non-Petroleum | Non- Petroleum and Non-Gems &Jewellery | |||||||||||||
| 2019-20 | 2020-21 | 2021-22 | % change 2021-22 over 2020-21 | % change 2021-22 over 2019-20 | 2019-20 | 2020-21 | 2021-22 | % change 2021-22 over 2020-21 | % change 2021-22 over 2019-20 | 2019-20 | 2020-21 | 2021-22 | % change 2021-22 over 2020-21 | % change 2021-22 over 2019-20 | |
| Exports | 29.85 | 19.24 | 32.21 | 67.39 | 7.93 | 24.92 | 17.49 | 26.94 | 54.06 | 8.08 | 21.50 | 16.42 | 23.97 | 45.96 | 11.51 |
| Imports | 46.68 | 22.86 | 38.53 | 68.54 | -17.47 | 34.09 | 19.29 | 29.08 | 50.77 | -14.71 | 27.25 | 18.50 | 26.14 | 41.32 | -4.08 |
| Deficit | 16.84 | 3.62 | 6.32 | 74.69 | -62.49 | 9.17 | 1.80 | 2.14 | 18.82 | -76.65 | 5.75 | 2.07 | 2.17 | 4.57 | -62.31 |
Change by top Commodity Groups Value in USD Million
| Top Increase | Top Decline | ||||||||
| Commodity group | Change (USD Million) | % change | Commodity group | Change (USD Million) | % change | ||||
| EXPORT (MAY’21 OVER MAY’20) | Petroleum products | 3516.63 | 199.85 | Drugs and pharmaceuticals | -107.20 | -5.42 | |||
| Engineering goods | 3000.43 | 53.14 | Fruits and vegetables | -21.15 | -10.63 | ||||
| Gems and jewellery | 1904.94 | 179.16 | Oil seeds | -5.58 | -7.08 | ||||
| EXPORT (MAY ’20 OVER MAY’19) | Drugs and pharmaceuticals | 291.41 | 17.27 | Petroleum products | -3163.92 | -64.26 | |||
| Iron ore | 231.69 | 102.75 | Gems and jewellery | -2364.35 | -68.98 | ||||
| Rice | 46.54 | 7.26 | Engineering goods | -1802.32 | -24.20 | ||||
| EXPORT (MAY ’21 OVER MAY’19) | Engineering goods | 1198.11 | 16.09 | Gems and jewellery | -459.40 | -13.40 | |||
| Petroleum products | 352.71 | 7.16 | Rmg of all textiles | -421.74 | -27.59 | ||||
| Iron ore | 349.08 | 154.82 | Leather and leather manufacturers | -155.69 | -36.48 | ||||
| Top Increase | Top Decline | ||||||||
| Commodity group | Change (USD Million) | % change | Commodity group | Change (USD Million) | % change | ||||
| IMPORT May’21 OVER May’20) | Petroleum, Crude & products | 5878.19 | 164.46 | Silver | -318.47 | -95.31 | |||
| Pearls, precious & Semi-precious stones | 1864.77 | 490.39 | Transport equipment | -213.00 | -15.32 | ||||
| Electronic goods | 1368.17 | 47.55 | Iron & Steel | -37.08 | -3.04 | ||||
| IMPORT (May’20 OVER May’19) | Sulphur & Unroasted Iron Pyrts | 2.88 | 56.72 | Petroleum, Crude & products | -9018.66 | -71.62 | |||
| Gold | -4704.38 | -98.40 | |||||||
| Electronic goods | -1953.38 | -40.44 | |||||||
| IMPORT (May ’21 OVER May’19) | Vegetable Oil | 612.05 | 75.12 | Gold | -4101.52 | -85.79 | |||
| Pearls, precious & Semi-precious stones | 566.47 | 33.75 | Petroleum, Crude & products | -3140.47 | -24.94 | ||||
| Professional instrument, Optical goods, etc. | 491.71 | 112.98 | Transport equipment | -1216.19 | -50.81 | ||||