May23 , 2022

Trade deficit: Exports up 30.7% to $40.19 bn in April; trade deficit widens to $20.11 bn



India’s merchandise exports rose 30.7% to $40.19 billion in the month of April aided by growth in sectors like petroleum products, electronic goods and chemicals, data from the commerce ministry showed on Friday.

The trade deficit, although, widened to $20.11 billion, as compared to $15.29 in April 2021.

Meanwhile, imports too saw a growth of 30.97 % to $60.3 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,” the commerce ministry said.


Petroleum and crude oil imports during the month rose by 87.54% to $20.2 billion.Coal, Coke and Briquettes imports jumped to $4.93 billion, as against $2 billion in April 2021.

Engineering goods exports increased by 15.38% to $9.2 billion, while petroleum products exports soared 113.21% to $7.73 billion.

Gold imports dipped by around 72% to $1.72 billion in April, from $6.23 billion in April 2021.

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