Read more about India s May exports up 67% YoY at $32.21 bn; trade deficit at 8-month low on Business Standard. Performance signals recovery in external demand as shipment values were nearly 8% higher than May 2019 figures
Exports jump to USD 30.21 bn in April; trade deficit widens to USD 15.24 bn
By Mansoor| Published: 2nd May 2021 1:53 pm IST
New Delhi: India’s exports in April jumped nearly three-folds to USD 30.21 billion on account of healthy growth in key sectors including engineering, gems and jewellery, and petroleum products, even as trade deficit widened to USD 15.24 billion, according to commerce ministry’s preliminary data released on Sunday.
The country’s merchandise exports were to the tune of USD 10.17 billion in April 2020. Trade deficit in that month was USD 6.92 billion.
Imports too rose by over three-folds to USD 45.45 billion last month as against USD 17.09 billion in April 2020.
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Highlights
Trade deficit during March 2021 widened to USD 13.93 billion from USD 9.98 billion in March 2020.
The export growth of 60.29 per cent in March this year is the highest after about 82 per cent growth recorded in July 2011.
Sectors that saw negative growth during March are oilseeds (-6.45 per cent) and cashew (-1.99 per cent).
New Delhi: The country s exports surged by 60.29 per cent to a monthly record high of USD 34.45 billion in March on growth in sectors such as engineering, gems and jewellery and pharmaceuticals, even as the outbound shipments contracted by 7.26 per cent during the full 2020-21 fiscal to USD 290.63 billion.
Growing for the third consecutive month, the country's exports rose marginally by 0.67 per cent year-on-year to USD 27.93 billion in February even as trade deficit widened to USD 12.62 billion, according to official data released on Monday
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Imports rose by 6.96% to $40.54 billion in the month, the data showed.
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Rice being loaded into a vessel to export to West African at Kakinada Deepsea port in East Godavari. File
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Imports rose by 6.96% to $40.54 billion in the month, the data showed.
Growing for the third consecutive month, the country s exports rose marginally by 0.67% year-on-year to $ 27.93 billion in February even as trade deficit widened to $12.62 billion, according to official data released on Monday. Imports rose by 6.96% to $40.54 billion in the month, the data showed. The trade deficit in February 2020 was at $10.16 billion.
Exports during April-February 2020-21 period contracted by 12.23% to $ 256.18 billion compared to $291.87 billion in the year-ago period. Imports dipped 23.11% to $340.8 billion in April-February.