Merchandise exports up in January 2021 yoy

India’s merchandise exports in January 2021 were valued at $27.24 billion as compared to $25.85 billion in January 2020, an increase of 5.37%. Exports during April-January 2020-21 were $228.04 billion, as compared to $264.13 billion during the same period last year, exhibiting a negative growth of 13.66%.

Merchandise imports in January 2021 were $41.99 billion, as compared to $41.15 billion in January 2020, an increase of 2.05%. Merchandise imports during April-January 2020-21 were $300.26 billion, as compared to $405.33 billion during the same period last year, exhibiting a negative growth of 25.92%.

India is thus a net importer in January 2021, with a trade deficit of $14.75 billion, as compared to trade deficit of $15.30 billion in January 2020, a decline by 3.57%, informed a release.