INDIA’S MERCHANDISE TRADE: Preliminary Data July 2021

INDIA’S MERCHANDISE TRADE: Preliminary Data July 2021



Exports in July 2021 log 47.91 % increase in ( USD 35.17 billion) over the same period of 2020 (USD 23.78 billion)

Exports up by 34.06% over same period of 2019 (USD 26.23 billion)

Exports during April-July 2021 were USD 130.53 billion, up by 73.51% over the same period of 2020 (USD 75.10 billion) and up by 21.82% over same period of 2019 (USD 107.15 billion)


India’s merchandise exports in July 2021 was USD 35.17 billion, highest ever monthly achievement, which showed an increase of 47.91%  over USD 23.78 billion in July 2020 and an increase of 34.06% over USD 26.23 billion in July 2019.

Value of non-petroleum and non-gems and jewellery exports in July 2021 was USD 26.11 billion, registering a positive growth of 27.36% over non-petroleum and non-gems and jewellery exports of USD 20.5 billion in July 2020 and a positive growth of 32.25% over non-petroleum and non-gems and jewellery exports of USD 19.75 billion in July 2019.

Value of non-oil, non-GJ (gold, silver & Precious metals) imports was USD 26.66 billion in July 2021 with a positive growth of 35.11% over non-oil and non-GJ imports of USD 19.73 billion in July 2020 but had a marginal negative growth of 0.17% over non-oil and non-GJ imports of USD 26.7 billion in July 2019.

Top 5 commodity groups of export which have recorded positive growth during July 2021 vis-à-vis July 2020 are: Petroleum Products (215.68%), Gems and Jewellery (130.44%), Other Cereals (70.25%), Man-made Yarn/Fabrics/Made-ups etc. (58.67%) and Cotton Yarn/Fabrics/Made-ups, Handloom Products etc.  (48.02%).

Top 5 commodity groups of export which have recorded positive growth during July 2021 vis-à-vis July 2019 are: Other Cereals (530.65%), Petroleum Products (60.51%), Cotton Yarn/Fabrics/Made-ups, Handloom Products etc.  (58.86%), Engineering Goods (55.07%) and Rice (36.97%).

India’s merchandise exports in July 2021 was USD 35.17 billion, an increase of 47.91%  over USD 23.78 billion in July 2020 and an increase of 34.06% over USD 26.23 billion in July 2019. India’s merchandise exports in Apr-July 2021 was USD 130.53 billion, an increase of 73.51%  over USD 75.22 billion in Apr-July 2020 and an increase of 21.82% over USD 107.15 billion in Apr-July 2019.

In July 2021, the value of non-petroleum exports was USD 29.57 billion, registering a positive growth of 34.39% over USD 22.0 billion in July 2020 and a positive growth of 30.01% over USD 22.75 billion in July 2019.

The cumulative value of non-petroleum exports in April-July 2021 was USD 112.02 billion, an increase of 63.47% over USD 68.53 billion in April-July 2020 and an increase of 21.05% over USD 92.54 billion in April-July 2019.

The value of non-petroleum and non-gems and jewellery exports in July 2021 was USD 26.11 billion, registering a positive growth of 27.36% over non-petroleum and non-gems and jewellery exports of USD 20.5 billion in July 2020 and a positive growth of 32.25% over non-petroleum and non-gems and jewellery exports of USD 19.75 billion in July 2019.

The cumulative value of non-petroleum and non-gems and jewellery exports in April-July 2021 was USD 99.39 billion, an increase of 54.43% over cumulative value of non-petroleum and non-gems and jewellery exports of USD 64.36 billion in April-July 2020 and an increase of 24.12% over cumulative value of non-petroleum and non-gems and jewellery exports of USD 80.08 billion in April-July 2019.

Major commodity groups of export showing positive growth in July 2021 over July 2020 are – Petroleum Products (215.68%), Gems and Jewellery (130.44%), Other Cereals (70.25%), Man-Made Yarn/Fabrics/Made-ups Etc.  (58.67%), Cotton Yarn/Fabrics/Made-ups, Handloom Products Etc.  (48.02%), Marine Products (47.7%), Electronic Goods (47.59%), Engineering Goods (42.14%), Handicrafts Excl. Hand Made Carpet  (32.59%), RMG Of All Textiles (30.52%), Organic And Inorganic Chemicals (28.52%), Carpet (25.61%), Plastic And Linoleum  (23.9%), Jute Mfg. Including Floor Covering (22.52%), Leather And Leather Manufactures  (16.5%), Mica, Coal And Other Ores, Minerals Including Process (16.47%), Cereal Preparations And Miscellaneous Processed Item (16.37%), Ceramic Products And Glassware (6.97%) and Drugs And Pharmaceuticals (4.1%).

Major commodity groups of export showing negative growth in July 2021 over July 2020 are – Oil Seeds (-38.65%), Oil Meals (-35.69%), Meat, Dairy and Poultry Products (-31.97%), Tobacco (-10.35%), Spices (-10.29%), Tea (-8.97%), Rice (-7.85%), Cashew (-3.58%), Iron Ore (-3.5%), Coffee (-1.89%) and Fruits and Vegetables (-0.44%).

Major commodity groups of import showing positive growth in July 2021 over July 2020 are:

Sulphur & Unroasted Iron Pyrites (355.57%), Pulp and Waste paper (227.6%), Pearls, precious & Semi-precious stones (179.32%), Gold (135.56%), Non-ferrous metals (121.31%), Cotton Raw & Waste (115.19%), Coal, Coke & Briquettes, etc. (106.09%), Petroleum, Crude & products (97.06%), Wood &  Wood products (94.03%), Iron & Steel (75.61%), Metaliferrous ores & other minerals (71.8%), Fertilisers, Crude & manufactured (70.8%), Pulses (65.35%), Artificial resins, plastic materials, etc. (61.33%), Dyeing/tanning/colouring materials (54.42%), Organic & Inorganic Chemicals (46.59%), Textile yarn Fabric, made-up articles (43.96%), Fruits & vegetables  (36.9%), Chemical material & products (34.53%), Machinery, electrical & non-electrical (31.56%), Leather & leather products (30.59%), Machine tools (30.47%), Professional instrument, Optical goods, etc. (27.52%),  Vegetable Oil  (24.13%), Electronic goods (10.68%) and Medicinal & Pharmaceutical products (7.3%).

Only four commodity groups of import have shown a fall in July 2021 vis-à-vis July 2020. These are: Silver (-89.16%), Project Goods (-78.63%), Transport Equipment (-16.08%) and Newsprint (-3.49%). 

Summary                                                                                Value in USD Billion

Hong Kong – External merchandise trade statistics for June 2021

External merchandise trade statistics for June 2021

***************************************************


     The Census and Statistics Department (C&SD) released today (July 26) the external merchandise trade statistics for June 2021. In June 2021, the values of Hong Kong’s total exports and imports of goods both recorded year-on-year increases, at 33.0% and 31.9% respectively.

     In June 2021, the value of total exports of goods increased by 33.0% over a year earlier to $406.6 billion, after a year-on-year increase of 24.0% in May 2021. Concurrently, the value of imports of goods increased by 31.9% over a year earlier to $447.1 billion in June 2021, after a year-on-year increase of 26.5% in May 2021. A visible trade deficit of $40.5 billion, equivalent to 9.0% of the value of imports of goods, was recorded in June 2021.

     For the first half of 2021 as a whole, the value of total exports of goods increased by 30.0% over the same period in 2020.  Concurrently, the value of imports of goods increased by 26.8%. A visible trade deficit of $165.6 billion, equivalent to 6.7% of the value of imports of goods, was recorded in the first half of 2021.

     Comparing the second quarter of 2021 with the preceding quarter on a seasonally adjusted basis, the value of total exports of goods decreased by 1.9%. Meanwhile, the value of imports of goods increased by 1.7%.

Analysis by country/territory

     Comparing June 2021 with June 2020, total exports to Asia as a whole grew by 35.6%. In this region, increases were registered in the values of total exports to most major destinations, in particular Korea (+64.1%), Taiwan (+46.1%), the mainland of China (the Mainland) (+36.6%), the Philippines (+31.9%) and Malaysia (+31.2%).

     Apart from destinations in Asia, increases were registered in the values of total exports to some major destinations in other regions, in particular the USA (+19.2%).

     Over the same period of comparison, increases were registered in the values of imports from most major suppliers, in particular India (+68.3%), Korea (+59.3%), Singapore (+55.1%), the USA (+42.7%) and Taiwan (+41.8%). The value of imports from the Mainland also increased by 32.0%. However, a decrease was recorded in the value of imports from Malaysia (-6.4%).

     For the first half of 2021 as a whole, year-on-year increases were registered in the values of total exports to most major destinations, in particular the United Kingdom (+119.7%), Taiwan (+43.2%), India (+35.1%), the Mainland (+33.3%) and Korea (+32.8%).  

     Over the same period of comparison, year-on-year increases were registered in the values of imports from most major suppliers, in particular India (+60.2%), Taiwan (+42.5%), Singapore (+37.8%), Korea (+35.4%) and the Mainland (+27.4%).  However, a decrease was recorded in the value of imports from Malaysia (-1.1%).

Analysis by major commodity

     Comparing June 2021 with June 2020, increases were registered in the values of total exports of most principal commodity divisions, in particular “electrical machinery, apparatus and appliances, and electrical parts thereof” (by $59.9 billion or 44.6%), “office machines and automatic data processing machines” (by $8.9 billion or 25.4%), “miscellaneous manufactured articles (mainly jewellery, goldsmiths’ and silversmiths’ wares)” (by $6.5 billion or 44.1%), “telecommunications and sound recording and reproducing apparatus and equipment” (by $5.9 billion or 11.4%) and “non-metallic mineral manufactures” (by $5.4 billion or 66.4%).

     Over the same period of comparison, increases were registered in the values of imports of most principal commodity divisions, in particular “electrical machinery, apparatus and appliances, and electrical parts thereof” (by $54.4 billion or 37.2%), “office machines and automatic data processing machines” (by $10.6 billion or 36.4%), “miscellaneous manufactured articles (mainly jewellery, goldsmiths’ and silversmiths’ wares)” (by $9.1 billion or 59.0%), “telecommunications and sound recording and reproducing apparatus and equipment” (by $7.7 billion or 14.4%) and “non-metallic mineral manufactures” (by $5.4 billion or 66.0%).

     For the first half of 2021 as a whole, year-on-year increases were registered in the values of total exports of most principal commodity divisions, in particular “electrical machinery, apparatus and appliances, and electrical parts thereof” (by $289.6 billion or 38.3%), “telecommunications and sound recording and reproducing apparatus and equipment” (by $62.9 billion or 21.9%), “office machines and automatic data processing machines” (by $40.6 billion or 20.2%), “non-metallic mineral manufactures” (by $31.9 billion or 64.6%) and “miscellaneous manufactured articles (mainly jewellery, goldsmiths’ and silversmiths’ wares)” (by $31.2 billion or 39.1%). However, a year-on-year decrease was registered in the value of total exports of “power generating machinery and equipment” (by $2.2 billion or -5.0%).

     Over the same period of comparison, year-on-year increases were registered in the values of imports of most principal commodity divisions, in particular “electrical machinery, apparatus and appliances, and electrical parts thereof” (by $268.6 billion or 33.1%), “telecommunications and sound recording and reproducing apparatus and equipment” (by $73.3 billion or 26.4%), “miscellaneous manufactured articles (mainly jewellery, goldsmiths’ and silversmiths’ wares)” (by $37.8 billion or 37.8%) and “office machines and automatic data processing machines” (by $35.0 billion or 21.9%). However, a year-on-year decrease was registered in the value of imports of “power generating machinery and equipment” (by $8.8 billion or -16.5%).

Commentary

     A Government spokesman said that the value of merchandise exports continued to grow strongly in June over a year earlier.  Exports to the Mainland, the US and the EU all accelerated in growth, while those to other Asian markets also expanded by varying degrees. For the first half of 2021 combined, total merchandise trade value amounted to $4,748.6 billion, surpassing the high in the same period in 2018 by 13.0%.

     Looking ahead, the improved external environment should continue to support Hong Kong’s export performance in the near term. Yet, the recent surge of COVID-19 mutant infections may hinder the pace of economic recovery in some major markets.  Developments of China-US relations and geopolitical tensions also warrant attention. The Government will monitor the situation closely.

Further information

     Table 1 presents the analysis of external merchandise trade statistics for June 2021. Table 2 presents the original monthly trade statistics from January 2018 to June 2021, and Table 3 gives the seasonally adjusted series for the same period.

     The values of total exports of goods to 10 main destinations for June 2021 are shown in Table 4, whereas the values of imports of goods from 10 main suppliers are given in Table 5.

     Tables 6 and 7 show the values of total exports and imports of 10 principal commodity divisions for June 2021.

     All the merchandise trade statistics described here are measured at current prices and no account has been taken of changes in prices between the periods of comparison. A separate analysis of the volume and price movements of external merchandise trade for June 2021 will be released in mid-August 2021.

     The June 2021 issue of “Hong Kong External Merchandise Trade” contains detailed analysis on the performance of Hong Kong’s external merchandise trade in June 2021 and will be available in mid-August 2021. Users can download the publication at the website of the C&SD (www.censtatd.gov.hk/en/scode230.html).

     Enquiries on merchandise trade statistics may be directed to the Trade Analysis Section (2) of the C&SD (Tel: 2582 5042). 

INDIA’S MERCHANDISE TRADE: Preliminary Data, June 2021

      India’s merchandise exports in June 2021 was USD 32.46 billion, an increase of 47.34%  over USD 22.03 billion in June 2020 and an increase of 29.7% over USD 25.03 billion in June 2019. India’s merchandise exports in Apr-June 2021 was USD 95.36 billion, an increase of 85.36%  over USD 51.44 billion in Apr-June 2020 and anincrease of17.85% over USD 80.91 billion in Apr-June 2019.

India’s merchandise imports in June 2021 was USD 41.86 billion, an increase of 96.33% over USD 21.32 billion in June 2020 and an increase of 2.03% over USD 41.03 billion in June 2019. India’s merchandise imports in Apr-June 2021 was USD 126.14 billion, an increase of 107.99%  over USD 60.65 billion in Apr-June 2020 and a decrease of 3.05% over USD 130.1 billion in Apr-June 2019.

India is thus a net importer in June 2021 with a trade deficit of USD 9.4 billion, widened by 1426.6% over trade surplus of USD 0.71 billion in June 2020 (India was net exporter in June 2020) and narrowed down by 41.26% over trade deficit of USD 16.0 billion in June 2019.

In June 2021, the value of non-petroleum exports was USD 28.51 billion, registering a positive growth of 41.8%over USD 20.11 billion in June 2020 and a positive growth of 27.33% over USD 22.39 billion in June 2019.

The cumulative value of non-petroleum exports in April-June 2021 was USD 82.45 billion, an increase of 76.76% over USD 46.65 billion in April-June 2020 and an increase of 18.13% over USD 69.8 billion in April-June 2019.

The value of non-petroleum and non-gems and jewellery exports in June 2021 was USD 25.69 billion,registering a positive growth of 38.53% over USD 18.54 billion in June 2020 and a positive growth of 33.61% over USD 19.23 billion in June 2019.

The cumulative value of non-petroleum and non-gems and jewellery exports in April-June 2021 was USD 73.28 billion, an increase of 66.61% over USD 43.98 billion in April-June 2020 and an increase of 21.46% over USD 60.33 billion in April-June 2019.

In June 2021, Oil imports was USD 10.68 billion, a positive growth of 114.92% compared to USD 4.97 billion in June 2020 and a negative growth of 4.72 compared to USD 11.21 billion in June 2019.

Oil imports during Apr-June 2021was USD 31.0 billion, a positive growth of 136.36% compared to USD 13.12 billion in Apr-June 2020 and a negative growth of 12.33 compared to USD 35.36 billion in Apr-June 2019.

Non-oil imports in June 2021 was USD 31.19 billion, showing an increase of 90.68% compared to USD 16.36 billion in June 2020 and anincrease of 4.56% compared to USD 29.83 billion in June 2019.

Non-oil imports in Apr-June 2021 was estimated at USD 95.14 billion, showing an increase of 100.16% compared to USD 47.53 billion in Apr-June 2020 and amarginalincrease of 0.42% compared to USD 94.74 billion in Apr-June 2019.

Non-oil, non-GJ (Gold, Silver & Precious Metals) imports was USD 27.63 billion in June 2021, recording a positive growth of 84.53%, as compared to non-oil and non-GJ imports of USD 14.98 billion in June 2020 and a positive growth of 12.51% over USD 24.56 billion in June 2019.

Non-oil, non-GJ (Gold, Silver & Precious Metals) imports was USD 79.92 billion in Apr-June 2021, recording a positive growth of 76.63%, as compared to non-oil and non-GJ imports of USD 45.25 billion in Apr-June 2020 and a positive growth of 4.78% over USD 76.28 billion in Apr-June 2019.

Major commodity groups of export showing positive growth in June 2021 over June 2019 are: Other cereals (299.29%), Iron ore (134.46%), Organic and Inorganic Chemicals (62.41%), Cereal preparations and miscellaneous processed item (56.63%), Oil meals (53.99%), Cotton yarn/fabrics/made-ups, handloom products etc. (50.86%), Petroleum products (49.82%), Plastic and linoleum (46.84%), Rice (43.82%), Engineering goods (41.66%), Carpet (25.15%), Jute mfg. Including floor covering (23.97%), Man-made yarn/fabrics/made-ups etc. (23.66%), Mica, coal and other ores, minerals including process (22.43%), Ceramic products and glassware (21.81%), Marine products (20.71%), Fruits and vegetables (20.38%), Meat, dairy and poultry products (19.92%), Handicrafts excl. Hand-made carpet (18.83%), Coffee (15.73%), Tobacco (12.95%), Electronic Goods (11.89%), Drugs and pharmaceuticals (9.9%), Spices (8.7%), and Oil Seeds (1.24%).

Only 5 major commodity groups of export showing negative growth in June 2021 over June 2019. These are: Cashew (-44.86%), Tea (-25.08%), Leather and leather manufactures (-21.0%), RMG of All Textiles (-18.76%), and Gems and Jewellery (-10.76%).

Major commodity groups of import showing positive growth in June 2021 over June 2019 are: Sulphur & Unroasted Iron Pyrites (270.96%), Medicinal& Pharmaceutical products (132.19%), Vegetable Oil (118.87%), Pulses (110.75%), Professional instrument, Optical goods, etc. (70.88%), Metaliferrous ores & other minerals (56.5%), Chemical material & products 56.48%), Fertilisers, Crude & manufactured (37.28%), Fruits & vegetables (30.35%), Organic & Inorganic Chemicals (30.09%), Non-ferrous metals (28.19%), Pearls, precious & Semi-precious stones (19.54%), Pulp and Waste paper (17.08%), Artificial resins, plastic materials, etc. (12.3%), Wood & Wood products (8.26%), Machine tools (6.87%), Dyeing/tanning/colouring materials (3.85%), Machinery, electrical & non-electrical (2.55%), and Iron & Steel (0.66%).

Major commodity groups of import showing negative growth in June 2021 over June 2019 are: Silver (-97.16%), Gold (-64.04%), Project Goods (-53.69%), Cotton Raw & Waste (-51.03%), Newsprint (-45.05%), Transport equipment (-22.47%), Leather & leather products (-18.43%), Coal, Coke & Briquettes, etc. (-12.56%), Textile yarn Fabric, made-up articles (-9.66%), Petroleum, Crude & products (-4.72%), and Electronic goods (-3.4%).

MERCHANDISE TRADE: Preliminary Data, June 2021

Summary Value in USD Billion

Total

Non-Petroleum

Non- Petroleum and Non-Gems &Jewellery

JUN19

JUN20

JUN21

% change Jun21 over Jun20

% change Jun21 over Jun19

JUN19

JUN20

JUN21

% change Jun21 over Jun20

% change Jun21 over Jun19

JUN19

JUN20

JUN21

% change Jun21 over Jun20

% change Jun21 over Jun19

Exports

25.03

22.03

32.46

47.34

29.70

22.39

20.11

28.51

41.80

27.33

19.23

18.54

25.69

38.53

33.61

Imports

41.03

21.32

41.86

96.33

2.03

29.83

16.36

31.19

90.68

4.56

24.56

14.98

27.63

84.53

12.51

Deficit/Surplus

16.00

-0.71

9.40

-1426.56

-41.26

7.44

-3.75

2.68

-171.36

-64.01

5.34

-3.57

1.95

-154.60

-63.51

Change by top Commodity Groups in Export Value in USD Million

Top Increase

Top Decline

Commodity group

Change (USD Million)

%  change

Commodity group

Change (USD Million)

%  change

EXPORT (JUN ’21 OVER JUN’20)

ENGINEERING GOODS

3201.01

52.61

OIL SEEDS

-38.13

-32.75

PETROLEUM PRODUCTS           

2025.69

105.20

SPICES

-29.23

-8.41

GEMS AND JEWELLERY

1259.59

80.49

TEA

-12.10

-18.57

EXPORT (JUN ’20 OVER JUN’19)

ORGANIC AND INORGANIC CHEMICALS

317.71

19.33

GEMS AND JEWELLERY

-1600.07

-50.56

DRUGS AND PHARMACEUTICALS

181.80

9.90

PETROLEUM PRODUCTS           

-711.75

-26.99

RICE

165.47

32.11

ENGINEERING GOODS

-470.65

-7.18

EXPORT (JUN ’21 OVER JUN’19)

ENGINEERING GOODS

2730.36

41.66

GEMS AND JEWELLERY

-340.48

-10.76

PETROLEUM PRODUCTS

1313.94

49.82

RMG OF ALL TEXTILES

-231.28

-18.76

ORGANIC AND INORGANIC CHEMICALS

1025.72

62.41

LEATHER AND LEATHER MANUFACTURERS

-86.39

-21.00

Change by top Commodity Groups in Import Value in USD Million

Top Increase

Top Decline

Commodity group

Change (USD Million)

%  change

Commodity group

Change (USD Million)

%  change

IMPORT (JUN ’21 OVER JUN’20)

Petroleum, Crude & products

5708.67

114.92

Silver

-125.49

-91.38

Pearls, precious & Semi-precious stones

1936.90

305.09

Project goods

-10.79

-12.49

Electronic goods

1434.84

45.30

ALL OTHER MAJOR COMMODITY GROUPS HAVE INCREASED

IMPORT (JUN ’20 OVER JUN’19)

 Vegetable Oil

54.72

8.37

Petroleum, Crude & products

-6237.48

-55.67

Sulphur & Unroasted Iron Pyrites

1.87

25.45

Gold

-2088.1

-77.43

ALL OTHER MAJOR COMMODITY GROUPS HAVE DECLINED

Electronic goods

-1596.84

-33.52

IMPORT (JUN ’21 OVER JUN’19)

 Vegetable Oil

776.97

118.87

Gold

-1726.93

-64.04

Medicinal. & Pharmaceutical products

704.79

132.19

Petroleum, Crude & products

-528.81

-4.72

Organic & Inorganic Chemicals

567.10

30.09

Silver

-405.11

-97.16

***

YB/ SS

(Release ID: 1732281)
Visitor Counter : 772



Read this release in:

Marathi