India’s April 2021 exports triple from last year; trade deficit at $15.10 billion
Imports in April 2021 were $45.72 billion or Rs 3,40,505.06 crore as compared to imports of $17.12 billion or Rs 1,30,525.08 crore in April 2020
India’s exports in April 2021 were recorded at $30.63 billion, as compared to $10.36 billion in April 2020, exhibiting a growth of 195.72 per cent. In Rupee terms, exports were Rs. 2,28,071.76 crore in April 2021, as compared to Rs 78,951.41 crore in April last year. As compared to April 2019, exports in April 2021 exhibited a positive growth of 17.62 per cent in Dollar terms and 26.17 per cent in Rupee terms.
“The absolute export of $30.63 billion is not just the upping from low base effect, but also one of the best performing growth in the last five years. Exports have increased across sectors in April 2021, despite the lockdown and restrictions in several parts of the country. Continuation of such a stellar performance depends on the ease of lockdown restrictions and business sentiments across the world,” said Prahalathan Iyer, Chief General Manager, Research & Analysis, India Exim Bank.
Overall exports (including merchandise and services combined) in April 2021 are estimated to be $51.79 billion, up by 93.21 per cent over the same period last year. Overall imports in April 2021 are estimated to be $58.72 billion, growing 122.24 per cent over the same period last year.
Imports in April 2021 were $45.72 billion or Rs 3,40,505.06 crore, which is an increase of 167.05 per cent in Dollar terms and 160.87 per cent in Rupee terms over imports of $17.12 billion or Rs 1,30,525.08 crore in April last year. Imports in April 2021 has registered a positive growth of7.87 per cent in Dollar terms and 15.71 per cent in Rupee terms in comparison to April 2019.
The trade deficit for April 2021 was estimated at $15.10 billion as against the deficit of $6.76 billion in April last year, which is an increase of 123.17 per cent.
Oil imports during the month were $10.87 billion or Rs 80,968.76 crore, up by 133.24 percent in Dollar terms and 127.84 percent higher in Rupee terms, compared to $4.66 billion or Rs. 35,537.22 crore in April 2020. As compared to April 2019, oil imports in April 2021 were 5.98 percent lower in Dollar terms and 0.85per cent higher in rupee terms.
Non-oil imports in the month were estimated at $34.85 billion or Rs 2,59,536.30 crore, which was 179.70 percent higher in Dollar terms or 173.23 percent higher in Rupee terms), compared to $12.46 billion or Rs. 94,987.86 crore in April last year. As compared to April 2019, non-oil imports in April 2021, were 13.07 higher in Dollar terms and 21.28 per cent higher in Rupee terms.
Non-Oil and non-gold imports were $28.61 billion in April 2021, recording a positive growth of 129.68 per cent, as compared to non-oil and non-gold imports of $12.46 billion in April 2020. Non-Oil and Non-Gold imports in April 2021 recorded a positive growth of 6.56 per cent over April 2019
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