India’s merchandise exports rise by over 37%
India’s merchandise exports rise by over 37 percent
Commerce Ministry says its highest ever monthly achievement
New Delhi, Jan. 3 (Delhi Crown): India’s merchandise export in December 2021 stood at 37.29 billion U.S. dollars, the highest ever monthly achievement showing an increase of 37% over the same month last year, according to the official figures issued on Monday by the federal Commerce Ministry.
The exports figures stood at 27.22 billion U.S. dollars in December 2020.
As compared to 27.11 billion U.S. dollars’ worth of merchandise exports in December 2019, the last month’s exports were an increase of 37.55%.
According to the ministry’s figures, the country’s merchandise export in April-December 2021 was USD 299.74 billion, an increase of 48.85% over 201.37 billion U.S. dollars in April-December 2020, and an increase of 25.80% over 238.27 billion U.S. dollars in April-December 2019.
India’s merchandise import in December 2021 was 59.27 billion U.S. dollars, an increase of 38.06% over 42.93 billion U.S. dollars in December 2020, and an increase of 49.7% over 39.59 billion U.S. dollars in December 2019.
India’s merchandise import in April-December 2021 was 443.71 billion U.S. dollars, an increase of 69.27% over 262.13 billion U.S. dollars in April-December 2020, and an increase of 21.84% over 364.18 billion U.S. dollars in April-December 2019.
The trade deficit in December 2021 was 21.99 billion U.S. dollars, while it was 143.97 billion U.S. dollars during April-December 2021.
