New Delhi: The country’s exports grew 38.91 per cent year-on-year to $37.81 billion in December 2021, the highest ever monthly figure due to healthy performance of sectors such as engineering, textiles and chemicals. trade deficit Government data showed it rose to $21.68 billion during the month.
Imports also increased by 38.55 per cent to $59.48 billion in December 2021, up 67.89 per cent to $16.16 billion in December 2021 due to increase in imports of petroleum and crude.
Gold imports rose 5.43 percent to $4.72 billion.
Exports grew by 49.66 per cent to $301.38 billion during April-December 2021-22.
The data showed that imports rose 68.91 percent to $443.82 billion during the period, leaving a trade deficit of $142.44 billion. The trade deficit stood at $15.72 billion in December 2020.
“Merchant exports stood at $37.81 billion in December 2021, showing a positive growth of 38.91 percent as compared to $27.22 billion in December 2020. Compared to December 2019, exports in December 2021 showed a positive growth of 39.47 percent,” Ministry of Commerce said in a statement.
In December 2021, exports of engineering goods rose 38.41 percent to $9.8 billion, followed by petroleum products (up 151 percent to $5.88 billion), gems and jewelery (up 16.4 percent to nearly $3 billion), chemicals (up 26.86 percent to $2.66 billion). dollars) was exported. ) and ready-made garments of all textiles (up 22.63 percent to $1.46 billion).
The data also said that the estimated value of exports of services for December 2021 was $20.07 billion, an increase of 5.26 per cent over the same month of 2020. Imports also rose 15.76 percent to $12.87 billion.
“The estimated value of exports of services for April-December 2021 is $177.68 billion, showing a positive growth of 18.39 per cent over April-December 2020 ($150.09 billion).
“The estimated value of imports of services for April-December 2021 is $103.30 billion, showing a positive growth of 21.52 per cent over April-December 2020 ($85 billion).
Commenting on the numbers, Federation of Indian Export Organization (FIEO) President A Sakthivel said that looking at the current trend, India will achieve the merchandise export target of $400 billion for the financial year.
Imports also increased by 38.55 per cent to $59.48 billion in December 2021, up 67.89 per cent to $16.16 billion in December 2021 due to increase in imports of petroleum and crude.
Gold imports rose 5.43 percent to $4.72 billion.
Exports grew by 49.66 per cent to $301.38 billion during April-December 2021-22.
The data showed that imports rose 68.91 percent to $443.82 billion during the period, leaving a trade deficit of $142.44 billion. The trade deficit stood at $15.72 billion in December 2020.
“Merchant exports stood at $37.81 billion in December 2021, showing a positive growth of 38.91 percent as compared to $27.22 billion in December 2020. Compared to December 2019, exports in December 2021 showed a positive growth of 39.47 percent,” Ministry of Commerce said in a statement.
In December 2021, exports of engineering goods rose 38.41 percent to $9.8 billion, followed by petroleum products (up 151 percent to $5.88 billion), gems and jewelery (up 16.4 percent to nearly $3 billion), chemicals (up 26.86 percent to $2.66 billion). dollars) was exported. ) and ready-made garments of all textiles (up 22.63 percent to $1.46 billion).
The data also said that the estimated value of exports of services for December 2021 was $20.07 billion, an increase of 5.26 per cent over the same month of 2020. Imports also rose 15.76 percent to $12.87 billion.
“The estimated value of exports of services for April-December 2021 is $177.68 billion, showing a positive growth of 18.39 per cent over April-December 2020 ($150.09 billion).
“The estimated value of imports of services for April-December 2021 is $103.30 billion, showing a positive growth of 21.52 per cent over April-December 2020 ($85 billion).
Commenting on the numbers, Federation of Indian Export Organization (FIEO) President A Sakthivel said that looking at the current trend, India will achieve the merchandise export target of $400 billion for the financial year.
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