Exports up 24% to $38 billion in April; trade deficit widens to $20 billion – Times of India

NEW DELHI: Exports rose by 24.22 per cent to a month-to-month report excessive of $38.19 billion in April on account of wholesome efficiency by sectors like petroleum merchandise, digital items and chemical compounds, whilst commerce deficit widened to $20 billion in the course of the month, the commerce ministry mentioned on Tuesday.
Imports in the course of the month underneath overview grew by 26.55 per cent to $58.26 billion. The commerce deficit in April 2021 was at $15.29 billion.
Oil imports in the course of the month rose by 81.21 per cent to $19.5 billion. Coal, Coke and Briquettes imports jumped to $4.8 billion as in opposition to $2 billion in April 2021.
Gold imports, nonetheless, dipped to $1.68 billion in the course of the month underneath overview from $6.23 billion in April 2021.
Engineering items exports elevated by 15.38 per cent to $9.2 billion whereas petroleum merchandise exports soared 113.21 per cent to $7.73 billion.
Nonetheless, gems and jewelry exports dipped by 2.11 per cent to $3.3 billion.
Commenting on exports, FIEO president A Sakthivel mentioned that the “highest-ever exports” of over $38 billion, in the course of the first month of the fiscal, exhibits the continual spectacular efficiency of the exports sector.
“The advantages of the newly signed FTAs and the PLI Scheme will additional assist us in constructing on the milestones achieved in the course of the earlier fiscal,” he mentioned.

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