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Explore 100% Accurate India Trade Data at Export Import Data
by Seair Exim Solutions Get the best India Import Export DataIf we take a closer look at the preliminary GDP
estimates for the first quarter of 2021-22, India's gross domestic product
(GDP) stood at Rs. 51.23 lakh cr. (US$ 694.93 billion) in the first quarter of
FY22. India's trade and ancillary sector had a significant impact on GDP growth
as well as per capita income growth.
According to the Ministry of Commerce and Industry,
India's total exports between April 2021 and August 2021 were expected to be
US$256.17 billion (a 44.04 percent YoY increase). Whereas total imports were
estimated to be US$ 273.45 billion between April 2021 and August 2021. (a 64.18
percent YoY increase).
Keeping the Ministry’s expectation in mind, India's
merchandise exports were expected to reach a total of US$164.10 billion (a
67.33 percent YoY increase). And if we talk about the merchandise imports
during this period then, it was estimated to be US$ 219.63 billion (an 80.89
percent YoY growth).
According to the Minister of Commerce and Industry
& Railways, the Government of India, Piyush Goyal added that we are eager
to increase exports and create more jobs for young, talented, and well-educated
people, as well as semi-skilled and unskilled laborers in India.
- India's merchandise exports in January 2021 were USD 27.24 billion,
up 5.37 percent from USD 25.85 billion in January 2020.
- India's merchandise imports in January 2021 were USD 41.99 billion,
up 2.05 percent from USD 41.15 billion in January 2020.
- 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.
- Non-petroleum and non-gems and jewelry exports were valued at USD
22.40 billion in January 2021, up from USD 19.79 billion in January 2020,
representing a 13.21 percent increase.
- Non-oil, non-GJ (gold, silver, and precious metals) imports totaled
USD 26.35 billion in January 2021, up from USD 24.87 billion in January
2020, representing a 5.94 percent increase.
- Other Food products (313.88 percent), Oil Meals (253.06 percent),
Iron Ore (108.66 percent), Cereal Preparations and Miscellaneous Processed
Items (43.62 percent), and Jute Manufacturing including Floor Covering
(43.62 percent) are the top five commodity groups of export that recorded
positive growth in January 2021 compared to January 2020. (27.64 percent)
- Top 5 import commodity groups showing a decrease in January 2021
compared to January 2020: Silver (-95.77%), Newsprint (-80.81%), Project
Good (-62.16%), Leather & leather products (-37.73%), and Petroleum,
Crude & Products (-37.73%) (-27.72).
Final Words!
In this post, we have shared a glimpse
of Indian
Trade Data. We hope that you received it well. If you want more detailed
data and information associated with the Trade Market, then you can trust
Export Import Data without any hesitation. We are widely appreciated by our
clients from different corners of the world for delivering 100% accurate and
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About Seair Exim Solutions 
Get the best India Import Export Data
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Created on Dec 27th 2021 00:30. Viewed 361 times.
