India’s merchandise exports rose by 48.34% in June 2021 as compared to same period of last year, on account of healthy growth in shipments of petroleum products, gems and jewellery, and chemicals, even as trade deficit stood at $9.37 billion. As per the data released by the Commerce Ministry, exports in June 2021 were $32.50 Billion, as compared to $21.91 Billion in June 2020, exhibiting a positive growth of 48.34 percent. In Rupee terms, exports were Rs. 2,39,047.45 crore in June 2021, as compared to Rs. 1,65,898.85 crore in June 2020, registering a positive growth of 44.09 percent. Cumulative value of exports for the period April-June 2021 was $95.39 Billion as against $51.32 Billion during the period April-June 2020, registering a positive growth of 85.88 percent. In Rupee terms, it was up by 25.01% to Rs 7,03,545.37 crore from Rs 3,89,016.27 crore.
Non-petroleum and Non-Gems and Jewellery exports in June 2021 were $25.65 Billion, as compared to $18.48 Billion in June 2020, registering a positive growth of 38.84 per cent. Non-petroleum and Non-Gems and Jewellery exports in April-June 2021 were $73.24 Billion, as compared to $43.91 Billion for the corresponding period in 2020-21, which is an increase of 66.79 percent. As compared to April-June 2019, Non-petroleum and Non-Gems and Jewellery exports in April-June 2021 registered a positive growth of 21.40 per cent.
On the other hand, imports during June 2021 too increased by 98.31% to $ 41.87 billion as compared to $21.11 billion in June 2020, while in rupee terms it was up by 92.63% to Rs 3,08,002.48 crore from Rs 1,59,892.42 crore in June 2020. Cumulative value of imports for the period April-June 2021 was $126.15 Billion as against $60.44 Billion during the period April-June 2020, registering a positive growth of 108.72 percent. In rupee terms, it was Rs 9,30,961.10 crore, up by 103.09% from Rs 4,58,395.18 crore in the same period last year
Oil imports in June 2021 were $10.68 Billion, which was 116.51 percent higher, compared to $4.93 Billion in June 2020. Oil imports in April-June 2021 were $31.00 Billion which was 137.02 per cent higher compared to $13.08 Billion over the same period last year. Non-oil imports in June 2021 were estimated at $31.20 Billion which was 92.77 percent higher compared to $16.18 Billion in June 2020. Non-Oil and Non-Gold imports were $30.23 Billion in June 2021, recording a positive growth of 94.07 percent, as compared to Non-Oil and Non-Gold imports of $15.57 Billion in June 2020. Non-Oil and Non-Gold imports were $87.26 Billion in April-June 2021, recording a positive growth of 86.96 percent, as compared to Non-Oil and Non-Gold imports of $46.67 Billion in April-June 2020.