Exports surge in March

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Indias merchandise exports in March 2021 were valued at $34.0 billion as compared to $21.49 billion in March 2020, an increase of 58.23%. Exports during April-March 2020-21 were $290.18 billion, as compared to $313.36 billion during the same period of last year, exhibiting a negative growth of 7.40%.

Indias merchandise imports in March 2021were $48.12 billion as compared to $31.47 billion in March 2020, an increase of 52.89%. Merchandise imports during April-March 2020-21 were $388.92 billion, as compared to $474.71 billion during the same period of last year, exhibiting a negative growth of 18.07%.

Major commodities of export which recorded positive growth during March 2021 vis–vis March 2020 were: Other cereals (323.65%), oil meals (228.40%), iron ore (194.98%), jute mfg. including floor covering (105.19%), carpets (89.86%), electronic goods (88.69%), gems and jewellery (75.57%), engineering goods (70.28%), cereal preparations and miscellaneous processed items (67.08%), rice (65.23%), spices (59.04%), cotton yarn/fabrics/made-ups, handloom products etc. (55.43%), meat, dairy and poultry products (52.84%), ceramic products and glassware (52.57%), drugs and pharmaceuticals (47.37%), organic and inorganic chemicals (45.18), plastic and linoleum (45.12%), handicrafts excl. handmade carpets (42.59%), marine products (40.80%), man-made yarn/fabrics/made-ups etc. (30.69%), mica, coal and other ores, minerals including process (30.29%), petroleum products (27.49%), RMG of all textiles (27.35%), coffee (23.31%), fruits and vegetables (22.98%), leather and leather manufactures (18.27%), tobacco (15.5%), and tea (7.73%).

The two commodities whose exports recorded negative growth in March 2021 vis–vis March 2020 were oil seeds (-6.6%) and cashew (-1.95%).

Major commodity groups of import showing positive growth in March 2021 over the corresponding month of last year were gold (584.21%), sulphur & unroasted iron pyrites (464.22%), dyeing/tanning/colouring materials (106.87%), textile yarn fabric, made-up articles (92.11%), chemical material & products (82.62%), artificial resins, plastic materials, etc. (81.66%), pearls, precious & semi-precious stones (80.25%), electronic goods (76.66%), metaliferrous ores & other minerals (72.03%), non-ferrous metals (71.32%), wood & wood products (70.43%), professional instruments, optical goods, etc. (61.66%), machinery, electrical & non-electrical (59.92), vegetable oil (58.02%), iron & steel (55.28%), organic & inorganic chemicals (55.07%), medicinal & pharmaceutical products (52.32%), machine tools (43.12%), leather & leather products (33.52%), pulp and waste paper (32.78%), fruits & vegetables (22.29%), coal, coke & briquettes, etc. (7.22%), cotton raw & waste (3.79), and petroleum, crude & products (1.22%).
Major commodity groups of import showing negative growth in March 2021 over the corresponding month of last year were silver (-90.22%), newsprint (-50.66%), transport equipment (-32.73%), project goods (-32.56%), pulses (-13.38%), and fertilisers, crude & manufactured (-5.57%), informed a release.