Export of Spices, Meat, dairy, and poultry products have shown positive growth in May 2021
India’s merchandise exports in May 2021 were USD 32.21 billion, an increase of 67.39 per cent over USD 19.24 billion in May 2020, and an increase of 7.93 per cent over USD 29.85 billion in May 2019. India’s merchandise exports in Apr-May 2021 were USD 62.84 billion, an increase of 112.29 per cent over USD 29.6 billion in Apr-May 2020, and an increase of 12.44 per cent over USD 55.88 billion in Apr-May 2019.
Thus, India is a net importer in May 2021 with a trade deficit of USD 6.32 billion, an increase of 74.69 percent over the trade deficit of USD 3.62 billion in May 2020, and a reduction of 62.49 percent over the trade deficit of USD 16.84 billion in May 2019.
Major commodity groups of export showing positive growth in May 2021 over May 2019 are- Other cereals (376.04 per cent), Cereal preparations and miscellaneous processed item (25.48 per cent), Rice (20.37 per cent), Ceramic products, Marine products (9.35 per cent), Spices (9.13 per cent), Meat, dairy and poultry products (7.52 per cent), and Organic and Inorganic Chemicals (6.26 per cent).
Major commodity groups of export showing negative growth in May 2021 over May 2019 are- Tea (-29.43 per cent), Oil Seeds (-24.47 per cent), Oil meals (-19.49 per cent), Fruits and vegetables (-8.32 per cent), Cashew (-7.11 per cent), Coffee (-4.71 per cent), and Tobacco (-0.78 per cent).
Major commodity groups of import showing positive growth in May 2021 over May 2019 are- Vegetable Oil (75.12 per cent), Artificial resins, (16.34 per cent), Pulp and Wastepaper (14.53 per cent), and Organic & Inorganic Chemicals (6.88 per cent).
