: Exports rise 30.7% to .19 billion #FinanceIndia #StockMarketNEWS #Business Press Trust of India New Delhi India’s merchandise exports surged 30.7% to US .19 billion in April on account

@StockMarketNEWS Tue 17 May, 2022

Posted in: #FinanceIndia #StockMarketNEWS #Business

Exports rise 30.7% to .19 billion #FinanceIndia #StockMarketNEWS #Business
Press Trust of India

New Delhi

India’s merchandise exports surged 30.7% to US .19 billion in April on account of healthy performance by sectors like petroleum products, electronic goods and chemicals, even as trade deficit widened to US .11 billion during the month, the commerce ministry said on Friday.

Imports during the month under review grew by 30.97 per cent to US .3 billion. The trade deficit in April 2021 was at US .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 US billion,??? it said.

Petroleum and crude oil imports during the month rose by 87.54% to US .2 billion. Coal, Coke and Briquettes imports jumped to US .93 billion, as against US billion in April 2021.

Gold imports, however, dipped by about 72% to US .72 billion during the month under review, from US .23 billion in April 2021.

Engineering goods exports increased by 15.38% to US .2 billion, while petroleum products exports soared 113.21% to US .73 billion.