SME Times is powered by   
Search News
Just in:   • Adani Group to invest Rs 57,575 crore in Odisha  • 'Dollar Distancing' finally happening? Time for India to pitch Rupee as credible alternative: SBI Ecowrap  • 49% Indian startups now from tier 2, 3 cities: Jitendra Singh  • 'India ranks 3rd in global startup ecosystem & number of unicorns'  • LinkedIn lays off entire global events marketing team: Report 
Last updated: 16 Nov, 2021  

Exports.9.Thmb.jpg Exports up by 43%, imports rise 62% in Oct

exports-new012010.jpg
   Top Stories
» 49% Indian startups now from tier 2, 3 cities: Jitendra Singh
» 'India ranks 3rd in global startup ecosystem & number of unicorns'
» Tripura exported over 9K tonnes of pineapples in 2 years
» CPI inflation eases to 6.71% in July, IIP falls to 12.3%
» Rupee depreciates 12 paise to close at 79.64 against US dollar
SME Times News Bureau | 16 Nov, 2021
India's October merchandise exports rose to $35.65 billion, higher by 43.05 per cent on a year-on-year basis, official data showed on Monday.

Exports during October 2020 stood at $24.92 billion.

The data by the Ministry of Commerce and Industry showed that in comparison to October 2019, last month's exports rose by 35.89 per cent.

"Non-petroleum and non-gems and jewellery exports in October 2021 were $26.09 billion, as compared to $20.43 billion in October 2020, registering a positive growth of 27.75 per cent," the Ministry said.

"As compared to October 2019, non-petroleum and non-gems and jewellery exports in October 2021 registered a positive growth of 36.82 per cent."

Similarly, India's merchandise imports in October 2021 increased, rising by 62.51 per cent over last year to $55.37 billion from $34.07 billion.

"Oil imports in October 2021 were $14.43 billion which was 140.47 per cent higher in dollar terms, compared to $6 billion in October 2020. Non-oil imports in October 2021 were estimated at $40.94 billion which was 45.85 per cent higher in dollar terms, compared to $28.07 billion in October 2020."

"Non-Oil and Non-Gold imports were $35.84 billion in October 2021, recording a positive growth of 40.14 per cent, as compared to non-oil and non-gold imports of $25.57 billion in October 2020. Non-Oil and Non-Gold imports in October 2021 recorded a positive growth of 35.66 per cent over October 2019."

Consequently, trade deficit widened by 115.50 per cent on a year-on-year basis to $19.73 billion in September 2021 from $9.15 billion in the like period of 2020.

It had widened to $11.75 billion in October 2019.
 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 13 Aug, 2022
  Daily Poll
PM Modi's recent US visit to redefine India-US bilateral relations
 Yes
 No
 Can't say
  Commented Stories
» GIC Re's revenue from obligatory cession threatened(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter