India: Merchandise exports jump at a softer pace in September
October 14, 2021
Merchandise exports shot up 21.2% over the same month last year in September (August: +45.8% year-on-year). September’s reading marked the softest expansion since February. Meanwhile, merchandise imports shot up 86.0% over the same month last year in September (August: +51.8% yoy).
As a result, the merchandise trade balance deteriorated from the previous month, recording a USD 22.9 billion deficit in September (August 2021: USD 13.8 billion deficit; September 2020: USD 2.7 billion deficit). Lastly, the trend pointed down, with the 12-month trailing merchandise trade balance recording a USD 153.6 billion deficit in September, compared to the USD 133.4 billion deficit in August.