India’s Dec YoY exports, imports rise over 38%

India’s December merchandise exports rose to $37.81 billion, higher by 38.91 per cent on a year-on-year basis, official data showed.

Exports during December 2020 stood at $27.22 billion.

The data by the Ministry of Commerce and Industry showed that in comparison to December 2019, last month’s exports rose by 39.47 per cent.

Non-petroleum and non-gems and jewellery exports in December 2021 were $28.92 billion, registering a positive growth of 29.67 per cent over non-petroleum and non-gems and jewellery exports of $22.30 billion in December 2020, the ministry said.

In comparison to December 2019, non-petroleum and non-gems and jewellery exports in December 2021 registered a positive growth of 37.31 per cent.

Similarly, India’s merchandise imports in December 2021 increased by 38.55 per cent over last year to $59.48 billion from $42.93 billion.

The ministry data showed that last month’s exports rose by 50.24 per cent in comparison to December 2019.

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