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‘Highest ever in India’s history’: Commerce minister Goyal as exports surge 37% in Dec

By Priyanka Verma 
Updated Date
‘Highest ever in India’s history’: Commerce minister Goyal as exports surge 37% in Dec

New Delhi: India’s exports in December 2021 rose 37 per cent on an annual basis to $37.29 billion, according to government data, with Union Minister of Commerce & Industry Piyush Goyal tweeting that it was the “highest ever goods export in the history of India”.

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“We are on track to achieve an export target of $400 billion. The top 10 major commodity groups constituting 80% of exports have grown by 41% over last December,” Goyal said.The commerce ministry data released today shows outbound shipments during April-December 2021 crossed $300 billion, exceeding the exports of 2020-21.

Goyal said Uttar Pradesh has been one of the best performing states under the Centre’s ‘One district, One product’ scheme. The minister said the state is expected to export goods worth ₹2 lakh crore.

In November, too, India’s merchandise exports jumped 27.16% to $ 30.04 billion on the back of good performance by sectors like petroleum products, engineering goods and electronic items.

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India’s merchandise import in December 2021 was $59.27 billion, an increase of 38.06% over $42.93 billion in December 2020 and an increase of 49.7% over $39.59 billion in December 2019.

India’s merchandise import in April-December 2021 was $443.71 billion, an increase of 69.27% over $262.13 billion in April-December 2020 and an increase of 21.84% over $364.18 billion in April-December 2019.

The trade deficit in December 2021 was $21.99 billion, while it was $143.97 billion during April-December 2021.

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