In the first month of the current financial year i.e. April 2022, India's merchandise exports have increased by 24.22 percent and with this it has reached $ 38.19 billion.
Last month, non-petroleum exports were valued at US$ 30.46 billion, showing a growth of 12.32 per cent in exports over the same period last year.
On the other hand, non-petroleum and non-gems and jewellery exports were valued at US$ 27.16 billion last month, showing a growth of 14.38 per cent over the exports recorded in the same period last year.
Petroleum products 113.21 per cent, electronic goods 64.04 per cent and chemicals 26.71 per cent led the way for higher growth in exports during the previous month.
India’s merchandise import last month was 58.26 billion US dollar, an increase of 26.55 percent over 46.04 billion US dollar in April last year.
Non-petroleum imports were valued at US$ 38.75 billion last month, showing a positive growth of 9.87 per cent as compared to non-petroleum imports of US$ 35.27 billion in April last year.
The trade deficit last month stood at US$ 20.07 billion.
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