Business

Exports Rise 30.7% To $ 40.19 Billion In April; Trade Deficit Widening -By ASC


Imports during the month under review rose 30.97 percent to $ 60.3 billion.

New Delhi:

Indian exports jumped 30.7 percent to $ 40.19 billion in April following healthy performance by sectors such as petroleum products, electronics and chemicals, even as the trade deficit widened to $ 20.11 billion that month, the trade ministry said on Friday.

Imports during the month under review rose 30.97 percent to $ 60.3 billion.

The trade deficit in April 2021 was $ 15.29 billion.

“After recording performance in the last financial year, exports continued strong growth in April, 2022 with exports of goods rising to new highs of over $ 40 billion,” he said.

Imports of petroleum and crude oil during the month rose 87.54 percent to $ 20.2 billion. Imports of coal, Coke and Briquettes jumped to $ 4.93 billion, from $ 2 billion in April 2021.

Gold imports, however, declined about 72 percent to $ 1.72 billion in the month under review, from $ 6.23 billion in April 2021.

Exports of engineering goods rose 15.38 percent to $ 9.2 billion, while exports of petroleum products jumped 113.21 percent to $ 7.73 billion.

Agrasmartcity

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