{"id":15042,"date":"2020-12-11T14:06:41","date_gmt":"2020-12-11T08:36:41","guid":{"rendered":"https:\/\/www.grainmart.in\/news\/?p=15042"},"modified":"2020-12-10T19:06:56","modified_gmt":"2020-12-10T13:36:56","slug":"indias-exports-declined-9-in-november-trade-deficit-narrows-to-usd-9-96-billion","status":"publish","type":"post","link":"https:\/\/www.grainmart.in\/news\/indias-exports-declined-9-in-november-trade-deficit-narrows-to-usd-9-96-billion\/","title":{"rendered":"India\u2019s Exports Declined 9% in November, Trade Deficit Narrows to USD 9.96 Billion"},"content":{"rendered":"\n<p>While India&#8217;s exports declined 9% in November, <a href=\"https:\/\/www.grainmart.in\/news\/india-to-import-edible-oil-import-within-a-range-of-12-5-to-13-5-million-tonnes-in-2020-21\/\">imports<\/a> shrank 13.33%. The trade deficit has narrowed to USD 9.96 billion. Drop-in shipment segments such as petroleum products, engineering, and chemicals mainly accounted for a fall in exports.<\/p>\n\n\n\n<p>Data released by the <a href=\"https:\/\/commerce.gov.in\/\">Commerce &amp; Industry Ministry<\/a> reveals that exports during April-November 2020-21 stood at USD 173.49 billion. This is USD 37.68 billion less than last year during the same period, showing a negative growth of 17.84%. Also, exports of goods decreased by 9% to USD 23.43 billion. Further, imports slipped 13.33% to USD 33.39 billion in the previous month, making India a net importer in November 2020. However, the trade deficit this year stands at USD 9.96 billion as against last year\u2019s USD 12.75 billion. Noting the boosted sentiments of the businesses after the gradual lifting of <a href=\"https:\/\/www.grainmart.in\/news\/msmes-revival-plan-post-covid-19-lockdown\/\">lockdown<\/a>, FIEO President S K Saraf expects 2020-21 to end with an overall merchandise export of about USD 290 billion.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-value-of-non-petroleum-and-non-gems-and-jewelry-exports-declines-0-59-in-november\">Value of Non-Petroleum and Non-Gems and Jewelry Exports Declines 0.59% in November<\/h4>\n\n\n\n<p>Exports of petroleum products, leather, cashew, plastic and linoleum, and marine products recorded negative growth in November. Besides, other commodities of which exports saw a negative growth included engineering goods (8.27%), organic and inorganic chemicals (8.09%), coffee (1.27%), and RMG of all textiles (1.20%). On the other hand, exports of oil meals, iron ore, <a href=\"https:\/\/www.grainmart.in\/news\/rice-exporters-in-india-expect-iran-to-begin-basmati-rice-import-by-january-2021\/\">rice<\/a>, carpet, spices, and pharmaceuticals showed positive growth in November. While tobacco, fruits, and vegetables witnessed a positive growth of 8.64% and 5.33% respectively, exports of <a href=\"https:\/\/www.grainmart.in\/news\/tea-prices-surge-across-india-due-to-floods-covid-and-low-stocks\/\">tea<\/a> grew by 5.02%. Except for a slight increase in September, exports from India have been dipping since March 2020 because of the pandemic.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-non-oil-and-non-gj-imports-down-by-0-84-in-november-2020\">Non-oil and Non-GJ\u00a0Imports Down by 0.84% in November 2020<\/h4>\n\n\n\n<p>Import sectors that reported a negative growth include silver (89.71%), cotton raw and waste (74.09%), newsprint (69.96%), machine tools (26.55%), transport equipment (19.62%), and chemicals (3.23%). On the other hand, import sectors reporting positive growth include vegetable oil (34.02%), fertilizers, crude and manufactured (29.25%), pulses (18.16%), electronic goods (12.25%), and Gold (2.65%).<\/p>\n\n\n\n<p>The five largest destinations for India&#8217;s exports in 2020-21 include USA, China, UAE, Hong Kong, and Singapore. Also, <a href=\"https:\/\/www.grainmart.in\/news\/china-to-import-more-corn-amid-a-surge-in-animal-feed-demand\/\">China<\/a> is the largest importer of Indian goods this year, followed by the USA, UAE, and Hong Kong.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>While India&#8217;s exports declined 9% in November, imports shrank 13.33%. The trade deficit has narrowed to USD 9.96 billion.<\/p>\n","protected":false},"author":13,"featured_media":12118,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[2001,4787,120,24563,23827,24559,7723,23488,24575,24561,24574,3272,24577,5636,24576,13641,24562,13050,5634,1963,240,10578,2839,2878],"class_list":["post-15042","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-cashew","tag-chemicals","tag-china","tag-commerce-industry-ministry","tag-commerce-and-industry","tag-decrease-in-export-by-9","tag-engineering","tag-export-decrease","tag-fall-in-exports","tag-imports-in-november-2020","tag-imports-shrank","tag-india","tag-indian-goods","tag-leather","tag-linoleum","tag-lockdown","tag-merchandise-imports","tag-pandemic","tag-petroleum-products","tag-plastic","tag-rice","tag-shipment-reduction","tag-trade-deficit","tag-usa"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>India\u2019s Exports Declined 9% in November, Trade Deficit Narrows to USD 9.96 Billion - Grainmart News<\/title>\n<meta name=\"description\" content=\"While India&#039;s exports declined 9% in November, imports shrank 13.33%. 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The trade deficit has narrowed to USD 9.96 billion.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.grainmart.in\/news\/indias-exports-declined-9-in-november-trade-deficit-narrows-to-usd-9-96-billion\/\" \/>\n<meta property=\"og:site_name\" content=\"Grainmart News\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/grainmart.in\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-11T08:36:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.grainmart.in\/news\/wp-content\/uploads\/2020\/08\/exports.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Gurneel Kaur\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Grainmart1\" \/>\n<meta name=\"twitter:site\" content=\"@Grainmart1\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Gurneel Kaur\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.grainmart.in\\\/news\\\/indias-exports-declined-9-in-november-trade-deficit-narrows-to-usd-9-96-billion\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.grainmart.in\\\/news\\\/indias-exports-declined-9-in-november-trade-deficit-narrows-to-usd-9-96-billion\\\/\"},\"author\":{\"name\":\"Gurneel Kaur\",\"@id\":\"https:\\\/\\\/www.grainmart.in\\\/news\\\/#\\\/schema\\\/person\\\/2207bccbf6af27486201b6b7db8c3b53\"},\"headline\":\"India\u2019s Exports Declined 9% in November, Trade Deficit Narrows to USD 9.96 Billion\",\"datePublished\":\"2020-12-11T08:36:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.grainmart.in\\\/news\\\/indias-exports-declined-9-in-november-trade-deficit-narrows-to-usd-9-96-billion\\\/\"},\"wordCount\":346,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.grainmart.in\\\/news\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.grainmart.in\\\/news\\\/indias-exports-declined-9-in-november-trade-deficit-narrows-to-usd-9-96-billion\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.grainmart.in\\\/news\\\/wp-content\\\/uploads\\\/2020\\\/08\\\/exports.jpg\",\"keywords\":[\"cashew\",\"chemicals\",\"China\",\"Commerce &amp; Industry Ministry\",\"Commerce and industry\",\"decrease in export by 9%\",\"engineering\",\"export decrease\",\"fall in exports\",\"imports in November 2020\",\"imports shrank\",\"india\",\"indian goods\",\"leather\",\"linoleum\",\"lockdown\",\"merchandise imports\",\"pandemic\",\"petroleum products\",\"plastic\",\"rice\",\"Shipment reduction\",\"trade deficit\",\"usa\"],\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.grainmart.in\\\/news\\\/indias-exports-declined-9-in-november-trade-deficit-narrows-to-usd-9-96-billion\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.grainmart.in\\\/news\\\/indias-exports-declined-9-in-november-trade-deficit-narrows-to-usd-9-96-billion\\\/\",\"url\":\"https:\\\/\\\/www.grainmart.in\\\/news\\\/indias-exports-declined-9-in-november-trade-deficit-narrows-to-usd-9-96-billion\\\/\",\"name\":\"India\u2019s Exports Declined 9% in November, Trade Deficit Narrows to USD 9.96 Billion - Grainmart News\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.grainmart.in\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.grainmart.in\\\/news\\\/indias-exports-declined-9-in-november-trade-deficit-narrows-to-usd-9-96-billion\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.grainmart.in\\\/news\\\/indias-exports-declined-9-in-november-trade-deficit-narrows-to-usd-9-96-billion\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.grainmart.in\\\/news\\\/wp-content\\\/uploads\\\/2020\\\/08\\\/exports.jpg\",\"datePublished\":\"2020-12-11T08:36:41+00:00\",\"description\":\"While India's exports declined 9% in November, imports shrank 13.33%. 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