Goods Exports In April Jump 30% YoY To $40 Billion; Trade Deficit Widens To $20.1 Billion

Goods Exports In April Jump 30% YoY To $40 Billion; Trade Deficit Widens To $20.1 Billion


India’s merchandise imports in April grew 30.97 per cent to USD 60.3 billion.

Services exports also saw a whopping rise of 53 per cent y-o-y in April to reach USD 27.60 billion

  • Last Updated:May 13, 2022, 16:01 IST
  • FOLLOW US ON:

India’s merchandise exports in April registered a 30 per cent year-on-year jump to USD 40 billion, led by strong outbound shipments of petroleum products, electronic goods, cereals and coffee. The merchandise trade deficit has widened to USD 20.11 billion. Services exports also saw a whopping rise of 53 per cent y-o-y in April to reach USD 27.60 billion.

Merchandise imports in April 2022 grew 30.97 per cent to USD 60.3 billion. The trade deficit had stood at USD 15.29 billion in April 2021.

“India’s overall exports (merchandise and services combined) in April 2022 are estimated to be USD 67.79 billion, exhibiting a positive growth of 38.90 per cent over the same period last year. Overall imports in April 2022 are estimated to be USD 75.87 billion, exhibiting a positive growth of 36.31 per cent over the same period last year,” the commerce and industry ministry said in a statement on Friday.

Petroleum products witnessed a jump of 127.69 per cent in exports, followed by electronic goods 71.69 per cent, cereals (60.83 per cent), coffee (59.38 per cent), processed food (38.82 per cent) and leather product (36.68 per cent).

Read all the Latest News , Breaking News and IPL 2022 Live Updates here.



Source link

Leave a Reply

Your email address will not be published.

Time limit is exhausted. Please reload the CAPTCHA.