Industry And Cluster | News & Insights

Exports rise 21% in Sept. while imports surge by 84%

Published: October 4, 2021
Author: Manali bhanushali

Merchandise exports in September 2021 rose to $33.44 billion, higher by 21.35 per cent on a year-on-year basis, preliminary data showed on Friday. Exports in September 2020 had stood at $27.56 billion.

Data furnished by the Ministry of Commerce and Industry showed that in comparison to September 2019, last month’s exports rose by 28.51 per cent.

“Value of non-petroleum exports in September 2021 was $28.53 billion, registering a positive growth of 18.72 per cent over non-petroleum exports of $24.03 billion in September 2020 and a positive growth of 26.32 per cent over non-petroleum exports of $22.59 billion in September 2019.”

“Value of non-petroleum and non-gems and jewellery exports in September 2021 was $25.29 billion, registering a positive growth of 18.59 per cent over non-petroleum and non-gems and jewellery exports of $21.33 billion in September 2020 and a positive growth of 33.14 per cent over non-petroleum and non-gems and jewellery exports of $19 billion in September 2019.”

Furthermore, the data showed that September merchandise exports were higher by 84.75 per cent, on a year-on-year basis, at $56.38 billion from $30.52 billion reported for the corresponding month of last year. Additionally, the ministry’s data showed that in comparison to September 2019, last month’s imports rose by 49.58 per cent.

“Value of non-petroleum imports was $38.95 billion in September 2021 with a positive growth of 57.73 per cent over non-petroleum imports of $24.69 billion in September 2020 and a positive growth of 36.14 per cent over non-petroleum imports of $28.61 billion in September 2019.”

“Value of non-oil, non-GJ (gold, silver and precious metals) imports was $30.71 billion in September 2021 with a positive growth of 39.61 per cent over non-oil and non-GJ imports of $21.99 billion in September 2020 and a positive growth of 22.9 per cent over non-oil and non-GJ imports of $24.98 billion in September 2019.”

Related Posts