India's merchandise exports drop 11% month-on-month in April

India's merchandise exports stood at $30.63 billion in April 2021 exhibiting a y-o-y growth of 195.7% compared with $10.4 billion in April 2020. However, they were 11% lower than March 2021 ($34.45 billion).

Merchandise imports increased to $45.7 billion recording a growth of 167% over April 2020. They were 5% lower compared to $48.38 billion in the previous month.

Trade deficit during the month widened to $15.10 billion from $13.93 billion in the previous month.

India's top seven export items accounted for 69% of total exports in April 21 and 64% in FY21.  

India's top nine import items are petroleum, crude & products (23.8% share in total imports), gold (13.6%), electronic goods (11%), pearls, precious & semi-precious stones (5.4%), coal, coke & briquettes, etc. (4.3%).  

Shivani Sharma

Graphics by Mohsin Shaikh