India Trade Data

 According to the India Trade Data, India is the 18th biggest export economy, sending abroad $282B and importing $400 commodities in 2014, developing an unfavorable business proportion of $131B.

India ranked second nation in the world in terms of population this leads to the largest pool of labor. If the government works effectively, and reforms have been recreating the global economy.

India’s economy has been always rising at a regular development ratio of 7% per annum for various decades.

India’s top trading welfare encompasses oil, farming harvest, valuable stones and jewelry, and machines.

Let's understand the concepts of Indian Trade Import Export Data

To make it more convenient we have divided it into two parts as follows:

• India Trade Data: Export

• India Trade Data: Import

Let's get started with :

India Export Trade Data: India's goods exports in January 2021 were USD 27.24 billion, up 5.37 percent from USD 25.85 billion in January 2020. Exports totaled USD 228.04 billion from April to January 2020-21, a 13.66 percent decrease from the previous year's total of USD 264.13 billion.

Non-petroleum exports were valued at USD 25.24 billion in January 2021, an increase of 11.37 percent over January 2020. The value of non-petroleum and non-gems and jewelry exports in January 2021 was USD 22.40 billion, up from USD 19.79 billion in January 2020, representing a 13.21 percent increase. The total value of non-petroleum and non-gems and jewelry exports in April-January 2020-21 was USD 188.73 billion, a 4.65 percent reduction from USD 197.94 billion in the same period in 2019-20.

Other cereals (313.88 percent), Oil meals (253.06 percent), Iron ore (108.66 percent), Cereal preparations, and miscellaneous processed items (43.62 percent), Jute mfg. including floor covering (27.64 percent), Tobacco (26.18 percent), Rice (25.86 percent), Fruits and vegetables (24.00 percent), Carpet (23.69 percent), Handicrafts excluding hand-made carpet (23.69 percent), Carpet (23.69 percent (2.54 percent).

Petroleum products (37.34 percent), Leather and leather manufacturers (18.60 percent), RMG of All Textiles (10.73 percent), Man-made yarn/fabrics/made-ups, etc. (9.62 percent), Meat, dairy, and poultry products (8.03 percent), Oil Seeds (6.48 percent), Marine products (1.72 percent), and Gems and Jewellery (1.72 percent) are the major export commodities that have experienced negative growth in January 2021 compared to January 2020. (1.26 percent).

India Import Trade Data: In January 2021, India's merchandise imports were USD 41.99 billion, up 2.05 percent from USD 41.15 billion in January 2020. Merchandise imports were USD 300.26 billion from April to January 2020-21, a 25.92 percent decrease from the same period the previous year.

Gold (154.70 percent), Pulses (96.56 percent), Sulphur & Unroasted Iron Pyrites (76.81 percent), Pearls, precious & semi-precious stones (50.20 percent), Cotton Raw & Waste (49.76 percent), Vegetable Oil (35.32 percent), Iron & Steel (25.95 percent), Artificial resins, plastic materials, etc. (20.90 percent), Chemical material & products (18.76 %) (0.52 percent).

Silver (95.77 percent), Newsprint (80.81 percent), Project Goods (62.16 percent), Leather & leather products (37.73 percent), Petroleum, Crude & products (27.72 percent), Transport equipment (25.26 percent), Pulp and Waste Paper (12.74 percent), Fertilisers, Crude & manufactured (11.57 percent), Professional instrument, Optical goods, etc. (10.3 (0.08 percent).

Thus, India is a net importer in January 2021, with a trade deficit of USD 14.75 billion, down 3.57 percent from the trade deficit of USD 15.30 billion in January 2020.

Oil imports were USD 9.40 billion in January 2021, down from USD 13.01 billion in January 2020, a 27.72 percent decrease. Oil imports were USD 63.09 billion in April-January 2020-21, down 42.48 percent from USD 109.72 billion in April-January 2019-20.

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