Sunday, 16 January 2022

Export import guide

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Wednesday, 12 January 2022

Monday, 3 January 2022

Historic and Highest Ever Merchandise Export Figures for December-21

PrintXClose Press Information Bureau Government of India Ministry of Commerce & Industry 03 JAN 2022 7:08PM by PIB Delhi Historic and Highest Ever Merchandise Export Figures for December - Shri Piyush Goyal As per the Preliminary Data for December 2021, India’s merchandise export in December 2021 was USD 37.29 billion, the highest ever monthly achievement, which shows an increase of 37.0% over USD 27.22 billion in December 2020 and an increase of 37.55% over USD 27.11 billion in December 2019. Shri Piyush Goyal, Union Minister for Commerce and Industry, Textiles, Consumer Affairs, Food & Public Distribution called it a historic achievement and attributed it to the leadership of Prime Minister Shri Narendra Modi. He also congratulated all the EPCs, exporters and Indian Embassy officials all across the globe for contributing to this historic achievement. India’s merchandise export in April-December 2021 was USD 299.74 billion, an increase of 48.85% over USD 201.37 billion in April-December 2020 and an increase of 25.80% over USD 238.27 billion in April-December 2019. India’s merchandise import in December 2021 was USD 59.27 billion, an increase of 38.06% over USD 42.93 billion in December 2020 and an increase of 49.7% over USD 39.59 billion in December 2019. India’s merchandise import in April-December 2021 was USD 443.71 billion, an increase of 69.27% over USD 262.13 billion in April-December 2020 and an increase of 21.84% over USD 364.18 billion in April-December 2019. The trade deficit in December 2021 was USD 21.99 billion, while it was 143.97 billion USD during April-December 2021. Statement 1: India’s Merchandise Trade in December 2021 Value in Billion USD % Growth Dec-21 Dec-20 Dec-19 Dec-21 over Dec-20 Dec-21 over Dec-19 Exports 37.29 27.22 27.11 37.00 37.55 Imports 59.27 42.93 39.59 38.06 49.70 Deficit 21.99 15.72 12.49 39.90 76.10 Statement 2: India’s Merchandise Trade in Apr-Dec 2021 Value in Billion USD % Growth Apr-Dec21 Apr-Dec20 Apr-Dec19 Apr-Dec 21 over Apr-Dec 20 Apr-Dec 21 over Apr-Dec 19 Exports 299.74 201.37 238.27 48.85 25.80 Imports 443.71 262.13 364.18 69.27 21.84 Deficit 143.97 60.76 125.91 136.94 14.34 Value of non-petroleum exports in December 2021 was 31.67 USD billion, registering a positive growth of 27.31% over non-petroleum exports of USD 24.88 billion in December 2020 and a positive growth of 34.92% over non-petroleum exports of USD 23.48 billion in December 2019. Value of non-petroleum imports was USD 43.37 billion in December 2021 with a positive growth of 30.22% over non-petroleum imports of USD 33.31 billion in December 2020 and a positive growth of 50.20% over non-petroleum imports of USD 28.88 billion in December 2019. Statement 3: Merchandise Non-POL Trade in December 2021 Value in Billion USD % Growth Dec-21 Dec-20 Dec-19 Dec-21 over Dec-20 Dec-21 over Dec-19 Exports 31.67 24.88 23.48 27.31 34.92 Imports 43.37 33.31 28.88 30.22 50.20 The cumulative value of non-petroleum exports in April-December 2021 was USD 257.14 billion, an increase of 39.82% over USD 183.91 billion in April-December 2020 and an increase of 24.74% over USD 206.13 billion in April-December 2019. The cumulative value of non-petroleum imports in April-December 2021 was USD 325.73 billion, showing an increase of 56.41% compared to non-oil imports of USD 208.25 billion in April-December 2020 and an increase of 21.78% compared to non-oil imports of USD 267.47 billion in April-December 2019. Statement 4: Merchandise Non-POL Trade Apr-Dec 2021 Value in Billion USD % Growth Apr-Dec21 Apr-Dec20 Apr-Dec19 Apr-Dec21 over Apr-Dec20 Apr-Dec21 over Apr-Dec19 Exports 257.14 183.91 206.13 39.82 24.74 Imports 325.73 208.25 267.47 56.41 21.78 Value of non-petroleum and non-gems and jewellery exports in December 2021 was USD 28.69 billion, registering a positive growth of 28.64% over non-petroleum and non-gems and jewellery exports of USD 22.30 billion in December 2020 and a positive growth of 36.21% over non-petroleum and non-gems and jewellery exports of USD 21.06 billion in December 2019. Value of non-oil, non-GJ (gold, silver & Precious metals) imports was USD 35.57 billion in December 2021 with a positive growth of 34.68% over non-oil and non-GJ imports of USD 26.41 billion in December 2020 and a positive growth of 47.75% over non-oil and non-GJ imports of USD 24.07 billion in December 2019. Statement 5: Merchandise Non-POL Non-GJ Trade in December 2021 Value in Billion USD % Growth Dec-21 Dec-20 Dec-19 Dec-21 over Dec-20 Dec-21 over Dec-19 Exports 28.69 22.30 21.06 28.64 36.21 Imports 35.57 26.41 24.07 34.68 47.75 The cumulative value of non-petroleum and non-gems and jewellery exports in April-December 2021 was USD 228.25 billion, an increase of 36.66% over cumulative value of non-petroleum and non-gems and jewellery exports of USD 167.02 billion in April-December 2020 and an increase of 28.12% over cumulative value of non-petroleum and non-gems and jewellery exports of USD 178.15 billion in April-December 2019. Non-oil, non-GJ (Gold, Silver & Precious Metals) imports was USD 263.66 billion in April-December 2021, recording a positive growth of 47.33%, as compared to non-oil and non-GJ imports of USD 178.96 billion in April-December 2020 and a positive growth of 17.20% over USD 224.96 billion in April-December 2019. Statement 6: Merchandise Non-POL Non-GJ Trade Apr-Dec 2021 Value in Billion USD % Growth Apr-Dec 21 Apr-Dec 20 Apr-Dec 19 Apr-Dec 21 over Apr-Dec 20 Apr-Dec 21 over Apr-Dec 19 Exports 228.25 167.02 178.15 36.66 28.12 Imports 263.66 178.96 224.96 47.33 17.20 Top 10 major commodity groups covering 79% of total exports and showing positive growths in December 2021 over corresponding month of previous year, are – Statement 7: Exports of Top 10 Major Commodity Groups Value of Export (Million US$) Share (%) Growth (%) Major Commodity Group Dec-21 Dec-20 Dec-21 Dec-21 over Dec-20 Engineering goods 9708.94 7072.63 26.04 37.27 Petroleum products 5611.70 2336.63 15.05 140.16 Gems and Jewellery 2982.55 2575.67 8.00 15.80 Organic and Inorganic chemicals 2646.32 2100.00 7.10 26.01 Drugs and Pharmaceuticals 2288.20 2203.53 6.14 3.84 Electronic goods 1663.70 1248.33 4.46 33.27 RMG of all Textiles 1460.36 1195.78 3.92 22.13 Cotton Yarn/Fabs./Madeups, Handloom products etc. 1439.44 987.76 3.86 45.73 Plastic and Linoleum 893.02 570.49 2.40 56.54 Rice 882.62 682.77 2.37 29.27 Total of 10 Major Commodity Groups 29576.85 20973.58 79.33 41.02 Rest 7708.21 6242.71 20.67 23.48 Total Exports 37285.07 27216.29 100.00 37.00 Top 10 major commodity groups covering 78% of total imports, are – Statement 8: Imports of Top 10 Major Commodity Groups Import (Million US$) Share (%) Growth (%) Major Commodity Group Dec-21 Dec-20 Dec-21 Dec-21 over Dec-20 Petroleum, Crude & products 15904.53 9629.01 26.83 65.17 Electronic goods 6532.02 5037.69 11.02 29.66 Gold 4690.68 4485.76 7.91 4.57 Machinery, electrical & non-electrical 3878.29 3149.33 6.54 23.15 Organic & Inorganic Chemicals 3224.79 1879.88 5.44 71.54 Pearls, precious & Semi-precious stones 2882.49 2397.17 4.86 20.25 Coal, Coke & Briquettes, etc. 2796.08 1624.32 4.72 72.14 Transport equipment 2265.75 2476.59 3.82 -8.51 Artificial resins, plastic materials, etc. 1961.81 1434.57 3.31 36.75 Vegetable Oil 1822.63 1210.88 3.07 50.52 Total of 10 Major Commodity Groups 45959.08 33325.21 77.54 37.91 Rest 13315.21 9609.34 22.46 38.57 Total Imports 59274.29 42934.54 100.00 38.06 *** DJ/PK

Saturday, 1 January 2022

Export Import Guide published by me

My dream come true. Thanks to JBS Academy for publishing my book *"A complete Guide for Export & Import"*

Friday, 31 December 2021

GST PUT ON HOLD

*GST hike put on hold* #exports #imports #eximbusiness https://economictimes.indiatimes.com/industry/cons-products/garments-/-textiles/gst-council-decides-to-defer-rate-hike-on-textiles-from-5-to-12/articleshow/88610943.cms?utm_source=newsletter&utm_medium=email&utm_campaign=Dailynewsletter&utm_content=Story1&ncode=eb49d9a5a6cff47550aa348ce0a9330b42bde2b4046508b9b6f2289a3064fd22eb3466ea2cdb1b23ccd2cf6b485601bb34e3e6f6a08d2051c3d7eedd3b1896f2c7fa1853329f87c11e1046edd548a766

Tuesday, 28 December 2021

Webinar on "Indian Salt Industry" organized by PHDCCI

Webinar on "Indian Salt Industry" organized by PHDCCI {Ph.D. Chamber of Commerce & Industry} & ISMA {Indian Salt Manufacturers Association, Ahmedabad.} on Thursday, 30th December 2021, from 3 PM to 5 PM It’s free. Interested participants are requested to register here: https://www.phdcci.in/event-participate-form/?event_name=12044&type=webinar Registration, all participants shall be sent a separate joining link.

Sunday, 26 December 2021

India imposes antidumping duty on 5 Chinese goods

India has imposed antidumping duties on five Chinese products, including certain aluminium goods and some chemicals, for five years to guard local manufacturers from cheap imports from the neighbouring country. According to separate notifications of the Central Board of Indirect Taxes and Customs (CBIC), the duties have been imposed on certain flat rolled products of aluminium; sodium hydrosulphite (used on dye industry); silicone sealant (used in manufacturing of solar photovoltaic modules, and .. Read more at: https://economictimes.indiatimes.com/news/economy/foreign-trade/india-imposes-antidumping-duty-on-5-chinese-goods-for-5-years/articleshow/88502207.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst