Exports rise 30.7% to $40.19 bn
in Apr; trade deficit widens to $20.11 bn
India's
merchandise exports surged 30.7 per cent to USD 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 USD 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 USD 60.3 billion.
The
trade deficit in April 2021 was at USD 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
USD 40 billion," it said.
Petroleum
and crude oil imports during the month rose by 87.54 per cent to USD 20.2
billion. Coal, Coke and Briquettes imports jumped to USD 4.93 billion, as
against USD 2 billion in April 2021.
Gold
imports, however, dipped by about 72 per cent to USD 1.72 billion during the
month under review, from USD 6.23 billion in April 2021.
Engineering
goods exports increased by 15.38 per cent to USD 9.2 billion, while petroleum
products exports soared 113.21 per cent to USD 7.73 billion.
www.business-standard.com
dt. 14.05.2022