Tag: indian exports

Indian exports rose by 24.22 percent to USD 38.19 billion in April on account of healthy performance by sectors like petroleum products, electronic goods, and chemicals, the commerce ministry said on Tuesday. Imports during the month under review grew 26.55 percent to USD 58.26 billion. The trade deficit in April 2022 widened to USD 20.07 billion as against USD 15.29 billion in the year-ago period, it said.

US Economic recovery from the pandemic has helped India achieve the $400-billion mark for exports for the first time in any fiscal year. According to the preliminary data compiled by the Department of Commerce, India exported goods worth $73 billion to the US from April 1 to March 21 — up 47 percent, compared to last year. The US’ share of exports, compared to total exports, stood at 18.2 percent. The country is also India’s largest trading partner and export destination. Read more

India's exports marginally declined 0.25 percent to $27.67 billion in February while imports grew by 6.98 percent to $40.55 billion during the month, according to provisional data released by the commerce ministry today(2nd March 2021). The trade deficit widened to $12.88 billion in February as compared to $10.16 billion in the year-ago period, the ministry said in a statement. The exports during April-February 2020-21 period stood at $255.92 billion. In the same period a year ago, it was at $291.87 billion, showing negative growth of 12.32 percent. Imports during the April-February period too dipped 23 percent to $340.88 billion. In February 2021, Oil imports were $8.99 billion, as compared to $10.78 billion in February 2020, a decline of 16.63 percent. Oil imports in April-February 2020-21 stood at $72.08 billion, as compared to $120.50 billion, showing a decline of 40.18 per cent. Read more