Business
India Exports December 2021: India’s exports surge 25 per cent to $57.87 billion in December
India Exports December 2021: India’s exports, merchandise and services combined, soared to $57.87 billion in December 2021, which is 25.05% higher over the same period of last year, government data showed on Friday. According to data released by the Ministry of Commerce and Industry, India’s imports rose to $72.35 billion in December 2021, which is 33.86% higher over the same period of last year and 40.30% more when compared with December 2019 figure. Exports during December 2021 is 23.35% higher when compared with the figure of December 2019.
Cumulative exports during April-December 2021 period is pegged at $479.07 billion, which is 36.31% higher over the corresponding period of 2020 and 20.25% higher when compared with the same period of 2019. Overall imports in April-December 2021 period 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, the Ministry of Commerce and Industry data showed.
Merchandise exports in December 2021 were valued at $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 stood at $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 deficit widened to $21.68 billion in December 2021 as against $15.72 billion deficit recorded in December 2020.
Merchandise exports for the period April-December 2021 was $301.38 billion as against $201.38 billion during the period April-December 2020, registering a positive growth of 49.66%. As compared to April-December 2019, exports in April-December 2021 exhibited a positive growth of 26.49%. Merchandise imports for the period April-December 2021 was $443.82 billion as against $262.76 billion during the period April-December 2020, registering a positive growth of 68.91%.
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Imports in April-December 2021 have registered a positive growth of 21.87% in comparison to April-December 2019. Cumulative trade deficit for the first nine months of the current financial year widened to $142.44 billion as against $61.38 billion recorded in the corresponding period of last year.
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