ENA Sectors 2023-06-16 15:11:10 <p style="text-align:justify"><span style="font-size:14px"><strong>New Delhi, June 16 (KNN)</strong> Indias overall exports in May 2023 stood at USD 60.29 Billion, marking a decline of 5.99 per cent compared to May 2022. </span></p> <p style="text-align:justify"><span style="font-size:14px">The Overall imports in May 2023 is estimated to be USD 70.64 Billion, exhibiting a negative growth of 7.45 per cent over May 2022. </span></p> <p style="text-align:justify"><span style="font-size:14px">Among the key sectors, 13 out of 30 exhibited positive growth in merchandise exports during May 2023 compared to the same period last year. </span></p> <p style="text-align:justify"><span style="font-size:14px"><strong><a href="https://bit.ly/3B9mZSj"><img alt="FOLLOW US on GOOGLE NEWS" src="https://knnindia.co.in//uploads/gallery/GoogleNews.jpg" style="border-style:solid; border-width:1px; height:95px; margin:1px; width:299px" /></a></strong></span></p> <p style="text-align:justify"><span style="font-size:14px">These sectors include electronic goods, other cereals, oil meals, spices, iron ore, oil seeds, fruits &amp; vegetables, ceramic products &amp; glassware, rice, tea, cashew, coffee, and drugs &amp; pharmaceuticals.</span></p> <p style="text-align:justify"><span style="font-size:14px">The Electronic Goods export witnesses significant increase by 73.96 per cent in May 2023 as well as cumulatively in April-May 2023 by 48.06 per cent over corresponding period last year.</span></p> <p style="text-align:justify"><span style="font-size:14px">While the Agricultural exports also register robust growth; Spices grew by 31.81 per cent in April-May 2023 over April-May 2022.</span></p> <p style="text-align:justify"><span style="font-size:14px">Rice exports witnessed a growth of 19 per cent in April-May 2023 over April-May 2022, In May this year, Oil Meals exports also grew by 74.33 per cent.</span></p> <p style="text-align:justify"><br /> <span style="font-size:14px">Ceramic products &amp; glassware showed an impressive growth with 17.36 per cent in May 2023 and cumulatively by 17.29 per cent in April-May 2023 over the corresponding period last year.</span></p> <p style="text-align:justify"><span style="font-size:14px">According to the Ministry of Commerce and Industry, the Trade balance improved considerably in April-May 2023.</span></p> <p style="text-align:justify"><span style="font-size:14px">The Overall trade deficit for April-May 2023 estimated at USD 13.28 Billion as compared to the deficit of USD 20.56 Billion during April-May 2022, registering a decline of 35.41 per cent.</span></p> <p style="text-align:justify"><span style="font-size:14px">Out of the 16 out of 30 key sectors exhibited negative growth in merchandise imports during May 2023. </span></p> <p style="text-align:justify"><span style="font-size:14px">These sectors include silver, sulphur &amp; unroasted iron pyrites, cotton raw &amp; waste, gold, vegetable oil, pearls, precious &amp; semi-precious stones, organic &amp; inorganic chemicals, coal, coke &amp; briquettes, transport equipment etc. <em><strong>(KNN Bureau)</strong></em></span></p> 33733 https://knnindia.co.in/news/newsdetails/sectors/indias-overall-exports-stood-at-usd-6029-bn-in-may-2023 2023-06-16 15:11:10 knnindia.co.in