Updated: Feb 16
According to the data released by the Ministry of Commerce and Industry, India’s merchandise exports saw an exponential growth of 38.9% Y-o-Y in the month of December 2021 to $37.8 billion while imports increased 38.6% Y-o-Y to $59.5 billion. On a month on month basis, export grew 25.8% and import increased 12.4%. Trade deficit eased to $21.68 billion in December 2021 from $22.91 billion in November 2021.
Major Export Items in the month of December 2021 includes Petroleum product ($5.9 billion, up 152% Y-o-Y), jewellery and gems ($3 billion, up 16.4% Y-o-Y), Engineering goods ($9.8 billion, up 38.4% Y-o-Y) and pharmaceuticals and drugs ($2.3 billion, up 5.2% Y-o-Y)
Major Import Items in the month of December includes Electronic goods ($6.4 billion, up 27.6% Y-o-Y), Machinery and non-electrical ($3.8 billion, up 20.6% Y-o-Y), coal and coke ($2.8 billion, up 72.6% Y-o-Y), Petroleum and crude ($16.2 billion, up 67.9% Y-o-Y) and Gold ($4.7 billion, up 5.4% Y-o-Y).
Source: Trade Statistics - Mcommerce