India’s Exports Increased by 60% in March 2021 – India Export Data

28 April 2021
India Export Data

India’s exports in March 2021 increased by 60% and stood at USD 34.45 billion, as compared to USD 21.49 billion in March last year. As per Export Genius India export data, the positive growth in exports has put the overall trade deficit for April-March 2020-21 to estimated USD 12.74 billion as compared to the deficit of USD 77.76 billion in April-March 2019-20.


India’s Exports (Jan-Dec 2019)


As per India export data, India’s exports totaled USD 323.2 billion in 2019, a slight decline from USD 323.9 billion recorded in 2018. If we see month-wise value of goods exported by India in 2019, we found that the highest value of export shipments was recorded in March month, when the figures crossed USD 32 billion mark. Otherwise, India reported more than USD 25 billion export value in other months of 2019. Take a look at dollar amount of goods exported by India from Jan to Dec 2019.


Month

Value USD Billion

Jan

26.2

Feb

26.7

Mar

32.7

Apr

26.1

May

29.9

Jun

24.7

Jul

26.0

Aug

25.8

Sep

25.9

Oct

26.0

Nov

25.8

Dec

27.9

 


India’s Top 10 Exports in 2019


India export statistics show India shipped mineral fuels & oils the most in 2019, followed by pearls & precious stones. The dollar amount of India’s top 10 exports in 2019 are mineral fuels & oils (USD 44.5 billion), pearls & precious stones (USD 36.7 billion), machinery, mechanical appliances, nuclear reactors, etc. (USD 21.2 billion), organic chemicals (USD 18.2 billion), vehicles other than railway or tramway (USD 17.4 billion), pharmaceutical products (USD 16.2 billion), electrical machinery & equipment (USD 14.9 billion), iron & steel (USD 9.7 billion), not knitted or crocheted apparel & clothing (USD 8.3 billion) and knitted or crocheted apparel & clothing (USD 7.8 billion).


As per India customs data, these export categories accounted for 59.9% to overall value of shipments depart from the country in 2019 through all modes of transport. See value in percentile of India’s top 10 export commodities reported in 2019 and analyze how India is doing in export business.


Product

Value USD %

Mineral Fuels and Oils

13.7

Pearls and Precious Stones

11.3

Machinery, Mechanical Appliances, Nuclear Reactors, etc.

6.5

Organic Chemicals

5.6

Vehicles Other Than Railway or Tramway

5.3

Pharmaceutical Products

5.0

Electrical Machinery and Equipment

4.6

Iron and Steel

3.0

Not Knitted or Crocheted Apparel & Clothing

2.5

Knitted or Crocheted Apparel & Clothing

2.4

 


The year 2020 was bad in terms of trade for not only India but countries around the world and 2021 seems to be economy recovery year but at slow rate as the global countries are still fighting against Covid-19 pandemic. The United States, India and Brazil are the worst affected countries by coronavirus.

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