TheNFAPost Podcast
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India’s overall exports, merchandise and services combined, in April are estimated to be USD 51.79 billion, exhibiting a positive growth of 93.21 per cent over the same period last year.

Overall imports in April are estimated to be USD 58.72 billion, exhibiting a positive growth of 122.24 per cent over the same period last year.

Merchandise exports in April 2021 were USD 30.63 billion, as compared to USD 10.36 Billion in April 2020, exhibiting a positive 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 2020, registering a positive growth of 188.88 per cent.

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.

Non-petroleum and non-gems and jewellery exports in April 2021 were USD 23.62 Billion, as compared to USD 9.08 Billion in April 2020, registering a positive growth of 160.24 per cent.

As compared to April 2019, non-petroleum and non-gems and jewellery exports in April 2021 registered a positive growth of 20.47 per cent.

Merchandise imports in April 2021 were USD 45.72 billion (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 USD 17.12 billion (Rs 1,30,525.08 crore) in April 2020.

Imports in April 2021 have registered a positive growth of 7.87 per cent in dollar terms and 15.71 per cent in rupee terms in comparison to April 2019.

Oil imports in April 2021 were USD 10.87 billion (Rs 80,968.76 crore), which was 133.24 percent higher in dollar terms (127.84 percent higher in rupee terms), compared to USD 4.66 billion (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 0.85 per cent higher in rupee terms.

In this connection it is mentioned that the global brent price ($/bbl) has increased by 177.51% in April 2021 vis-à-vis April 2020 as per data available from World Bank.

Non-oil imports in April 2021 were estimated at USD 34.85 billion (Rs. 2,59,536.30 crore) which was 179.70 percent higher in dollar terms (173.23 percent higher in rupee terms), compared to USD 12.46 billion (Rs. 94,987.86 Crore) in April 2020.

As compared to April 2019, non-oil imports in April 2021, were 13.07 per cent higher in dollar terms and 21.28 per cent higher in rupee terms.

Non-oil and non-gold imports were USD 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 USD 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.

As per the latest press release by RBI dated 14 May, services exports in March 2021 were USD 20.45 billion (Rs.1,48,868.56 crore) registering a positive growth of 12.60 per cent in dollar terms, vis-à-vis March 2020.

The estimated value of services export for April 2021 is USD 21.17 billion.

Services imports in March were USD 12.54 billion (Rs 91,260.33 crore) registering a positive growth of 12.82 per cent in dollar terms, vis-à-vis March 2020. The estimated value of services import for April 2021 is USD 13.00 billion.

The merchandise trade deficit for April 2021 was estimated at USD 15.10 billion as against the deficit of USD 6.76 billion in April 2020, which is an increase of 123.17 percent.

The trade balance in services for March 2021 is USD7.91 billion. The estimated trade balance in April 2021 is USD 8.17 billion.

Taking merchandise and services together, the overall trade deficit for April 2021 is estimated at USD6.93 billion as compared to the surplus of USD 0.38 billion in April 2020.

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