Exports rise 25% in Dec; 23% growth over Dec 2020

India’s overall exports (merchandise and services combined) in December 2021 are estimated to be $57.87 billion, registering a growth of 25.05 per cent over December last year and a growth of 23.35 per cent over December 2019. Overall imports in December 2021 are estimated to be $72.35 billion, exhibiting a growth of 33.86 per cent over December last year and 40.3 per cent over December 2019, according to an official press release.

India’s overall exports (merchandise and services combined) during April-December 2021 are estimated to be $479.07 billion, exhibiting a growth of 36.31 per cent over the same period last year and a positive growth of 20.25 per cent over April-December 2019. Overall imports in April-December 2021 are estimated to be $547.12 billion, exhibiting a growth of 57.33 per cent over the same period last year and a growth of 18.57 per cent over April-December 2019.

Merchandise exports in December 2021 were $37.81 billion, as compared to $27.22 billion in December 2020, showing a growth of 38.91 per cent. As compared to December 2019 too, exports in December 2021 exhibited a positive growth, of 39.47 per cent.

Merchandise imports in December 2021 were $59.48 billion, which is an increase of 38.55 per cent over imports of $42.93 billion in December 2020. Imports in December 2021 registered a positive growth of 50.24 per cent 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.

Merchandise exports for the April-December 2021 period was $301.38 billion as against $201.38 billion during April-December 2020, registering a growth of 49.66 per cent. As compared to April-December 2019 too, exports in April-December 2021 exhibited a growth of 26.49 per cent.

Merchandise imports for the April-December 2021 period was $443.82 billion as against $262.76 billion during April-December 2020, registering a growth of 68.91 per cent. Imports in April-December 2021 registered a growth of 21.87 per cent in comparison to April-December 2019.