Engineering goods, pharma, iron ore push exports up 5.37% in Jan
February 02, 2021
Imports increase by 2.05%; trade deficit declines marginally to $14.75 billion
The new year started on a positive note for Indian exporters with goods exports in January rising 5.37 per cent to $27.24 billion (year-on-year) primarily led by a spurt in engineering goods, pharmaceuticals and iron ore, according to early trends for the month released by the Commerce & Industry Ministry on Tuesday.
Imports during the month increased by 2.05 per cent to $41.99 billion due to a steep fall in the import of petroleum products. Gold imports, however, shot up 154.7 per cent. Trade deficit in January declined by 3.57 per cent to $14.75 billion.