India’s YoY merchandise exports, imports rise in Jan (Roundup)

New Delhi, Feb 15 : India’s January merchandise exports rose over 6.16 per cent on a year-on-year basis, official data showed on Tuesday.
The country’s merchandise exports during the month under review grew to $27.45 billion from $25.85 billion in January 2020.
“Non-petroleum and Non-gems and jewellery exports in January 2021 were USD 22.44 billion, as compared to USD 19.79 billion in January 2020, registering a positive growth of 13.40 per cent,” a Ministry of Commerce and Industry statement said.
“Non-petroleum and non-gems and jewellery exports in April-January 2020-21 were USD 188.77 billion, as compared to USD 197.94 billion for the corresponding period in 2019-20, which is a decrease of (-) 4.63 per cent.” In terms of imports, India’s inbound shipments in January 2021 increased by 2.03 per cent to $41.99 billion from $41.15 billion during the corresponding period of 2020.
“Cumulative value of imports for the period April-January 2020-21 was USD 300.26 billion as against USD 405.33 billion during the period April-January 2019-20, registering a negative growth of (-) 25.92 per cent in dollar terms.”