Home / Business / India’s December exports jumped 25% to $57.87 Billion in December

India’s December exports jumped 25% to $57.87 Billion in December

According to government data, India’s December 2021 exports, including merchandise and services, rose 25.05 percent over last year.

The Ministry of Commerce and Industry released data showing that India’s December 2021 imports grew to $72.35 Billion. This is 33.86 percent more than the December 2019 figure and 40.30% more than the December 2019 figure.

The December 2021 exports were 23.35 percent higher than December 2019

Cumulative exports for the April-December 2021 period are estimated at $479.07 trillion, which is 36.31 percent higher than the period 2020 and 20.25 percent higher when compared to the same period in 2019.

The total imports for the April-December 2021 period were $547.12 Billion, which is a positive increase of 57.33 Percent over the same period last Year and an 18.57 Percent growth over April-December 2019, according to Ministry of Commerce and Industry data.

December 2021 merchandise exports were valued at $37.81 trillion, as opposed to $27.22 billion December 2020. This represents a 38.91% positive growth. Comparable to December 2019, December 2021 saw a positive 39.57% growth.

Imports of merchandise in December 2021 were $59.48 billion. This is 38.55 percent more than the December 2020 imports of $42.93 trillion. Comparable to December 2019, December 2021 has seen an increase in imports of 50.24 percent.

Dec 2021 saw a $21.68 billion increase in merchandise trade, compared to the $15.72 billion deficit in December 2020.

The value of merchandise exports in the April-December 2021 period was $301.38 trillion, as opposed to $201.38 billion in the April-December 2020 period. This represents a positive growth rate of 49.66 percent. Comparable to April-December 2019, the positive growth in April-December 2021 was 26.49 percent.

The total merchandise imports in the April-December 2021 period was $443.82 Billion, as compared to $262.76 Billion in the April-December 2020 period. This represents a positive growth rate of 68.91 percent. The positive growth in imports from April-December 2021 has been 21.87 percent, compared to April-December 2019.

The cumulative trade deficit for the first nine month of the current financial years grew to $142.44 trillion, compared with $61.38 billion in the same period last year.

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