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Exports up by 43%, imports rise 62% in Oct
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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.
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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 |
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