India's exports rises 25% yoy to $57.87B in December 2021, imports climb 34% yoy

14 Jan 2022 , 03:15 PM

The Ministry of Commerce & Industry announced that India’s overall exports (Merchandise and Services combined) in December 2021 are estimated to be $57.87 Billion, exhibiting a positive growth of 25.05% over the same period last year and a positive growth of 23.35% over December 2019.

India’s overall exports (Merchandise and Services combined) in April-December 2021 are estimated to be $479.07 Billion, exhibiting a positive growth of 36.31% over the same period last year and a positive growth of 20.25% over April-December 2019.

Overall imports in December 2021 are estimated to be $72.35 Billion, exhibiting a positive growth of 33.86% over the same period last year and a positive growth of 40.30% over December 2019. Meanwhile, overall imports in April-December 2021* are estimated to be $547.12 Billion, exhibiting a positive growth of 57.33% over the same period last year and a positive growth of 18.57% over April-December 2019.

Merchandise exports in December 2021 were $37.81 Billion, as compared to $27.22 Billion in December 2020, exhibiting a positive growth of 38.91%. As compared to December 2019, exports in December 2021 exhibited a positive growth of 39.47%. Merchandise imports in December 2021 were $59.48 Billion, which is an increase of 38.55% over imports of $42.93 Billion in December 2020. Imports in December 2021 have registered a positive growth of 50.24% in comparison to December 2019.

The merchandise trade balance for December 2021 was estimated at $(-)  21.68 Billion as against $(-) 15.72 Billion in December 2020, which is a decline of (-) 37.92%. As compared to December 2019 ($(-) 12.49 Billion), trade balance in December 2021 exhibited a negative growth of (-) 73.61%.

Non-petroleum and non-gems & jewellery exports in December 2021 were $28.92 Billion, registering a positive growth of 29.67% over non-petroleum and non-gems & jewellery exports of $22.30 Billion in December 2020 and a positive growth of 37.31% over non-petroleum and non-gems & jewellery exports of $21.06 Billion in December 2019.

While non-petroleum, non-gems & jewellery (gold, silver & precious metals) imports were $35.47 Billion in December 2021 with a positive growth of 34.28% over Non-petroleum, non-gems & jewellery imports of $26.41 Billion in December 2020 and a positive growth of 47.32% over Non-petroleum, non-gems & jewellery imports of $24.07 Billion in December 2019.

The estimated value of services export for December 2021 is $20.07 Billion, exhibiting a positive growth of 5.26% vis-a-vis December 2020 ($19.06 Billion) and a positive growth of 1.29% vis-à-vis December 2019 ($19.81 Billion). The estimated value of services import for December 2021* is $12.87 Billion exhibiting a positive growth of 15.76% vis-à-vis December 2020 ($11.12 Billion) and a positive growth of 7.44% vis-à-vis December 2019 ($11.98 Billion).