Petroleum, Engg products push exports growth by 30% to $ 40 bn in April 22
New Delhi, May 14 (KNN) India has recorded a 30.7 per cent rise in merchandise exports to USD 40.19 billion with as trade deficit widened to USD 20.11 billion in the month of April, 2022.
The sectors that performed well are petroleum products, electronic goods and chemicals, said the commerce ministry on Friday.
Engineering goods exports increased by 15.38 per cent to USD 9.2 billion, while petroleum products exports soared 113.21 per cent to USD 7.73 billion.
Imports during the month under review grew by 30.97 per cent to USD 60.3 billion. The trade deficit in April 2021 was at $15.29 billion.
Highlighting the record performance in the last financial year, the ministry said the exports continued robust growth in April, 2022 with merchandise exports scaling a new high by crossing USD 40 billion.
Petroleum and crude oil imports during the month rose by 87.54 per cent to USD 20.2 billion. Coal, Coke and Briquettes imports jumped to USD 4.93 billion, as against USD 2 billion in April 2021.
However there was dip in gold imports by about 72 per cent to USD 1.72 billion during the month under review, from USD 6.23 billion in April 2021. (KNN Bureau)