Exports up 30.7% to $ 40.19 billion in Apr; trade deficit widens to $ 20.11 billion

NEW DELHI: India’s merchandise exports surged 30.7 per cent to $ 40.19 billion in April on account of healthy performance by sectors like petroleum products, electronic goods and chemicals, even as trade deficit widened to $ 20.11 billion during the month, the commerce ministry said on Friday. Imports during the month under review grew by 30.97 per cent to $ 60.3 billion.
The trade deficit in April 2021 was at $ 15.29 billion.
“After a record performance in the last financial year, the exports continued robust growth in April, 2022 with merchandise exports scaling a new high by crossing $ 40 billion, “it said.
Petroleum and crude oil imports during the month rose by 87.54 per cent to $ 20.2 billion. Coal, Coke and Briquettes imports jumped to $ 4.93 billion, as against $ 2 billion in April 2021.
Gold importshowever, dipped by about 72 per cent to $ 1.72 billion during the month under review, from $ 6.23 billion in April 2021.
Engineering goods exports increased by 15.38 per cent to $ 9.2 billion, while petroleum products exports soared 113.21 per cent to $ 7.73 billion.

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