India’s merchandise exports in October 2020 USD24.82 bn

05 November 2020: India’s merchandise exports in October 2020 were USD 24.82 billion, as compared to USD 26.23 billion in October 2019, showing a fall of 5.4%. Exports during April-October 2020-21 were USD 150.07 billion, exhibiting a decline of 19.05% over the same period last year. India was thus a net importer in October 2020, with a trade deficit of USD 8.78 billion, as compared to trade deficit of USD 11.76 billion, an improvement by 25.34%.

Major commodities of export which have recorded positive growth during October 2020 vis-à-vis October 2019 are: Carpet (37.67%), Ceramic products and glassware (34.62%), Jute mfg. Including floor covering (18.76%), Handicrafts excl. Handmade carpet (11.37%), Cotton yarn/fabrics/made-ups, handloom products etc. (6.52%), RMG of all textiles (6.31%). Major commodities of export which have recorded negative growth during October 2020 vis-à-vis October 2019 are Gems and jewellery (21.27%), Leather and leather manufactures (16.69%), Man-made yarn/fabrics/made-ups etc. (12.82%), Electronic goods (9.40%), Plastic and linoleum (6.88%), Engineering goods (3.84%).