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India’s merchandise exports rose by 27.16% in November 2021 as compared to same period of last year on the back of good performance by sectors like petroleum products, engineering goods and electronic items. The exports stood at $23.62 billion in November 2020. The trade deficit widened to $22.91 billion in November 2021 from $10.19 billion from the year-ago period.

As per the data released by the Commerce Ministry, exports in November 2021 were $30.04 billion, as compared to $23.62 billion in November 2020, exhibiting a positive growth of 27.16 per cent. Exports for the period April-November 2021 was $263.57 billion as against $174.16 billion during the period April-November 2020, registering a positive growth of 51.34 per cent.

Non-petroleum and non-gems & jewellery exports in November 2021 were $23.68 billion, registering a positive growth of 22.26 per cent over $19.37 billion in November 2020. Non-petroleum and non-gems & jewellery exports during April-November 2021 was $199.67 billion, an increase of 38.08 per cent over $144.60 billion in April-November 2020.

On the other hand, Merchandise imports in November 2021 were $52.94 billion, which is an increase of 56.58 per cent over imports of $33.81 billion in November 2020. Imports for the period April-November 2021 was $384.34 billion as against $219.82 billion during the period April-November 2020, registering a positive growth of 74.84 per cent.

Non-petroleum, non-gems & jewellery (gold, silver & precious metals) imports were $31.82 billion in November 2021 with a positive growth of 40.64 per cent over $22.63 billion in November 2020.  Non-petroleum, non-gems & jewellery (gold, silver & precious metals) imports were $227.96 billion in April-November 2021, recording a positive growth of 48.89 per cent, as compared to $153.11 billion in April-November 2020.