Search Global Export Import Trade Data
Recent Searches: No Recent Searches

India's exports rise 45.8% in August but pace of growth slows, trade gap widens.

Date: 15-09-2021
Subject: India's exports rise 45.8% in August but pace of growth slows, trade gap widens
Led by petroleum products, gems and jewellery, engineering goods and cotton yarn, India’s merchandise exports rose 45.8 per cent on-year in August at $33.28 billion but the pace of growth slowed from almost 50 per cent in July.

A faster rise in imports at $47.09 billion, driven by gold, left a wider trade deficit of $13.81 billion compared to $8.2 billion a year ago. Imports during the month increased by 51.72 per cent.

Gold imports rose 82.48 per cent on-year last month to a five-month high of $6.75 billion. Oil imports at $11.65 billion, were up 80.64 per cent on-year.

“The buoyancy in exports continues in the month of August with resilient demand in India’s major export markets,” said Prahalathan Iyer, Chief General Manager, Research & Analysis, India Exim Bank.

In the April-August period, outbound shipments were $164.2 billion.

“As the state-wise restrictions have lifted, and economic activity and mobility have recovered, the merchandise trade deficit has widened steadily,” said Aditi Nayar, chief economist at ICRA.

As per the estimates by India Exim Bank, exports from India in the quarter ending September 2021 is estimated to be $98 billion, taking India’s first half exports to around $193-195 billion, closer to the proportionate target of $200 billion set by the government.

Among imports, project goods, silver, transport equipment and newsprint witnessed a decline.

Non-oil, non-gold, silver and precious metals imports were $28.67 billion in August, up 37 per cent and indicating strong domestic demand.


Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Exim Help

What is New?

Date: 30-10-2021
Notification No. 78/2021-Customs (N.T.)
Seeks to amend Sea Cargo Manifest and Transhipment Regulations 2018.

Date: 13-10-2021
Notification No. 48/2021-Customs
Seeks to reduce BCD on crude and refined soya, sunflower and palm oils till 31.03.2022

Date: 13-10-2021
Notification No. 49/2021-Customs
Seeks to reduce AIDC on crude soya, sunflower and palm oils till 31.03.2022

Date: 07-10-2021
Notification No.80/2021 - Customs (N.T.)
Exchange rates Notification No.80/2021-Cus (NT) dated 07.10.2021.

Date: 07-10-2021
Notification No. 35/2015-2020
Relaxation in Export Policy of Red Sanders Wood - regarding

Date: 06-10-2021
Public Notice No. 21/2015-20
Implementation of MoU between Government of Republic of India and Government of Republic of Malawi for import of pigeon peas from Malawi - reg.

Date: 05-10-2021
Instruction No. 21/2021-Customs
Submission of Intimation of Arrest Report & Incident Report.

Date: 04-10-2021
Notification No. 34/2015-2020 – DGFT
Amendment in Export Policy of Syringes and incorporation of Policy Condition.

Date: 04-10-2021
Public Notice No. 27/2015-2020-DGFT
Allocation of quantity of 5841 MT (raw/refined) Sugar to EU under TRQ scheme for the year 2021-22

Date: 04-10-2021
Notification No. 59/2021-Customs (ADD)
seeks to extend anti dumping duty on 'ceramic tableware and glassware' originating in or exported from Malaysia, to prevent the circumvention of anti dumping duty levied on subejct goods originating in or exported from China PR vide Notification No. 4/2018-Customs(ADD) dated 21st February, 2018.

Exim Guru Copyright © 1999-2021 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.


C/o InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001