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Informist, Monday, Feb. 17, 2025

 

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--India Jan merchandise exports $36.43 bln 
--India Jan merchandise imports $59.42 bln 
--India Jan merchandise trade deficit $23 bln 
--India Apr-Jan merchandise exports $358.91 bln vs $353.97 bln year ago 
--India Apr-Jan merchandise imports $601.90 bln vs $560.27 bln year ago 
--India Apr-Jan merchandise trade deficit $243 bln vs $206.29 bln yr ago
--India Jan engineering goods exports $9.42 bln vs $8.77 bln year ago 
--India Apr-Jan gold imports $50.00 bln 
--India Apr-Jan imports from Russia $54.45 bln vs $50.81 bln year ago 
--India Apr-Jan petroleum product exports $53.07 bln 
--India Apr-Jan gems and jewellery exports $24.38 bln vs $26.89 bln year ago 
--Govt: India's Jan crude oil imports $13.43 bln 
--Govt: India's Jan gold imports $2.6 bln 
--India Apr-Jan electronic goods exports $30.22 bln vs $22.60 bln year ago 
--India Apr-Jan electronic goods imports $81.71 bln vs $73.38 bln year ago 
--India Apr-Jan crude oil imports $154.84 bln vs $145.50 bln yr ago 
--India Apr-Jan engineering goods exports $96.75 bln vs $88.10 bln year ago
 

 

NEW DELHI – India's merchandise trade deficit widened to $23.00 billion in January from $21.94 billion in December as imports continued to outpace exports, data released by the commerce ministry on Monday showed. The trade deficit was $16.55 billion in January last year.

 

Merchandise exports fell 2.4% on year to $36.43 billion in January, while imports rose 10.3% to $59.42 billion. In December, goods exports had fallen 1.0% on year to $38.01 billion and imports had risen 4.9% on year to $59.95 billion.

 

India's merchandise trade deficit in Apr-Jan rose 17.8% on year to $242.99 billion from a year ago. Exports in Apr-Jan rose 1.4% on year to $358.91 billion, while imports increased 7.4% to $601.90 billion. 

 

The overall imports went up in January, even as crude oil imports fell 13.5% on year to $13.43 billion. Oil imports in Apr-Jan were up 6.4% on year at $154.84 billion. The bulk of India's oil imports came from Russia, with data showing that the merchandise imports from Russia were worth $54.45 billion in Apr-Jan, as against $50.81 billion a year ago. More than 88% of India's domestic demand for crude oil is met through imports. 

 

The non-oil imports in January rose to $45.99 billion from $38.35 billion a year ago. In the first ten months of 2024-25 (Apr-Mar), India's non-oil imports were $447.06 billion, up 7.8%. 

 

On the other hand, India's export of petroleum products fell sharply in January to $3.56 billion from $8.61 billion a year ago. Petroleum exports in Apr-Jan declined 24.8% on-year, at $53.07 billion.

 

Non-petroleum exports climbed 14.5% to $32.86 billion in January. In Apr-Jan, India's non-petroleum exports were $305.84 billion.

 

Gold imports rose to $2.69 billion in January from $1.91 billion a year ago. In the first ten months of FY25, gold imports were up 32.1% on year at $50.00 bln. However, India's gems and jewellery exports were down 9.3% on-year to $24.38 billion in Apr-Jan.

 

Engineering goods exports, the largest item in India's exports basket, rose 9.8% on year to $96.75 billion in Apr-Jan. In January, engineering goods exports were $9.42 billion, as against $8.77 billion a year ago. Electronic goods exports jumped 33.7% on year to $30.22 billion in Apr-Jan, while their imports increased 11.4% on year to $81.71 billion. 

 

The following tables detail trade data for January and Apr-Jan, in billion dollars, and the percentage changes:

	Jan-25	Jan-24	Year-on-year change (%)
Exports	36.43	37.32	(-)2.4
Engineering goods	9.42	8.77	7.4
Gems and jewellery	3.00	2.59	16.0
Petroleum products	3.56	8.61	(-)58.7
Imports	59.42	53.88	10.3
Petroleum	13.43	15.53	(-)13.5
Non-oil imports	45.99	38.35	19.9
Electronic goods	9.36	7.94	17.8
Gold	2.69	1.91	40.8
Trade deficit	23.00	16.55	38.9

 

 

	Apr-Jan 2024-25	Apr-Jan 2023-24	Year-on-year change (%)
Exports	358.91	353.97	1.4
Imports	601.90	560.27	7.4
Crude oil imports	154.84	145.50	6.4
Non-oil imports	447.06	414.77	7.8
Gold imports	50.00	37.86	32.1
Trade deficit	242.99	206.29	17.8

 

End

 

US$1 = INR 87.88

 

Reported by Krity Ambey and Priyasmita Dutta

Edited by Saji George Titus

 

 

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