India’s exports increased by 30.2 billion in April, trade deficit widened


New Delhi. India’s merchandise exports stood at $ 30.21 billion in April 2021, an increase of 197.03 percent to $ 10.17 billion in April 2020. The official statement said that the exports for the previous month registered an increase of 16.03 percent over 26.04 billion in April 2019.

India’s merchandise imports stood at $ 45.45 billion in April 2021, an increase of 165.99 percent over 17.99 billion in April 2020 and 7.22 percent over 7.2.3 billion in April 2019.

The trade deficit in April 2021 was 15.24 billion, which increased by 120.34 percent in April 2020 at a trade deficit of $ 6.92 billion.

In April 2021, non-petroleum exports were valued at 26.85 billion, registering a positive growth of 200.62 percent over 8.93 billion in April 2020 and 19.44 percent over 22.48 billion in April 2019.

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Non-petroleum and non-gems and jewelery exports were valued at 23.51 billion in April 2021, registering an increase of 164.28 percent over 8.90 billion in April 2020.

Oil imports stood at 10.8 billion in April, an increase of 132.26 percent compared to 4.65 billion in April 2020.

Non-oil imports were estimated at 34.65 billion in April, an increase of 178.6 percent compared to 12.44 billion in April 2020 and an increase of 12.42 percent compared to 30.82 billion in April 2019.

The major commodity groups of exports that showed growth in April 2019 to April 2021 were iron ore, other cereals, oil meal, rice, cereal preparations, electronic goods, drugs and pharmaceuticals.

–IANS

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