India’s Foreign Trade Increases in December 2021

Ministry of Commerce and Industry has released data regarding foreign trade. According to which India’s overall exports (Merchandise and Services) in the month December 2021 have grown by 25 percent over December 2020 to USD 57.87 Billion. Whereas, overall imports have grown by more than 33 percent to USD 72.35 Billion during the same period.

Further, it has showed that overall exports during April-December 2021 period have jumped by more than 36 percent over same period in the year 2020 to USD 479.07 Billion. However overall imports have grown by 57.33 percent to USD 547.12 Billion during the same period.

Trends Shown in chart:

However, The latest data for services sector released by RBI is for November 2021. The data for December 2021 is an estimation, which will be revised based on RBI’s subsequent release. Data for 2019, 2020 and April to September 2021 are revised on pro-rata basis using quarterly balance of payments data.

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