Preliminary statistics on India’s merchandise trade for the month shows, trade imbalance increased to $13.87 billion in August 2021 compared to $8.2 billion in August 2020. As per a Textile Focus report, RMG exports increased 13.99 per cent to $1.235 billion in August 2021, compared to $1.083 billion in August 2020. Cotton yarn, textiles, made-ups, and handloom goods exports climbed 55.62 per cent to $1.297 billion last month, compared to $833.95 million the previous month.

In August 2021, India’s merchandise imports increased 51.47 per cent to $47.01 billion, from $31.03 billion the previous month. India’s item imports grew by 81.75 per cent to $219.54 billion in April-August this year, compared to $120.79 billion in April-August 2020.