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India’s Merchandise Trade Increases Over 40% in August

India’s Merchandise Trade Increases Over 40% in August

India’s merchandise export in August 2021 was $33 billion, an increase of 45% over $22 billion in August 2020, and an increase of 27.5% over $25 billion in August 2019.

India’s merchandise exports in April-August 2021 was $163.67 billion, an increase of 66.92% over $98.05 billion in April-August 2020 and an increase of 22.93% over $133.14 billion in April-August 2019.

Top 10 major commodity groups, covering more than 80% of total exports, have shown positive growth in August 2021 over corresponding month of previous year.

Exports of Top 10 Major Commodity Groups

Value of Export (Million$)Share (%)Growth (%)
Major Commodity GroupAug ‘21Aug ‘20Aug ‘21Aug ’21 Over ‘Aug ‘20
Engineering Goods    9,631.506,065.6529.0658.79
Petroleum Products   4,559.821,901.6413.76139.78
Gems and Jewelry  3,428.071,823.0910.3488.04
Organic and Inorganic Chemicals 2,230.151,642.826.7335.75
Drugs and Pharmaceuticals  2,001.781,977.766.041.21
Cotton Yarn/Fabrics/Made ups, Handloom Products Etc. 1,297.828,33.953.9255.62
RMG Of All Textiles  1,235.111,083.533.7313.99
Electronic Goods   1,146.63872.043.4631.49
Plastic And Linoleum 753.30648.492.2716.16
Rice715.24671.082.166.58
Total of 10 Major Commodity Groups26,999.4217,520.0581.4754.11
Rest6,141.165,309.2318.5315.67
Total Exports33,140.5822,829.29100.0045.17

The trade deficit in August 2021 was $13.87 billion as compared to the trade deficit of $8.2 billion in August 2020, while it was $55.9 billion during April-August 2021 as compared to $22.7 billion during the same period of the previous year.

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