Wednesday, 23 June, 2021
Home Business Exports Jump To $32.21 Billion In May; Trade Deficit At $6.32 Billion

Exports Jump To $32.21 Billion In May; Trade Deficit At $6.32 Billion

India’s exports grew by 67.39 per cent to $32.21 billion in Might pushed by wholesome progress in sectors akin to engineering, prescribed drugs, petroleum merchandise and chemical substances, in accordance authorities knowledge launched on Wednesday.

Exports in Might final 12 months stood at $19.24 billion and in Might 2019 it was at $29.85 billion, the commerce ministry’s preliminary knowledge confirmed.

Imports in Might rose by 68.54 per cent to $38.53 billion, from $22.86 billion in Might 2020. In Might 2019, imports stood at $46.68 billion.

“India is thus a web importer in Might 2021 with a commerce deficit of $6.32 billion, a rise of 74.69 per cent over commerce deficit $3.62 billion in Might 2020 and discount by 62.49 per cent over commerce deficit $16.84 billion in Might 2019,” the ministry stated.

Oil imports through the month beneath overview rose to $9.45 billion, as in comparison with $3.57 billion in Might 2020. In Might 2019, it stood at $12.59 billion.

Exports throughout Apr-Might this 12 months jumped to $62.84 billion, as in opposition to $29.6 billion in the identical interval final 12 months. It was $55.88 billion in Apr-Might 2019, the information confirmed.

Imports throughout Apr-Might 2021 was $84.25 billion, a rise from $39.98 billion in April-Might 2020. In Apr-Might 2019 it stood at $89.07 billion.

In Apr-Might 2021, oil imports aggregated at $20.32 billion from $8.24 billion in Apr-Might 2020. In Apr-Might 2019 it was $24.16 billion.

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