India’s merchandise exports surged 30.7 per cent to $40.19 billion in April on account of wholesome efficiency by sectors like petroleum merchandise, digital items and chemical substances, at the same time as commerce deficit widened to $20.11 billion throughout the month, the commerce ministry mentioned on Friday.
Imports throughout the month below evaluate grew by 30.97 per cent to $60.3 billion.
The commerce deficit in April 2021 was at $15.29 billion.
“After a document efficiency within the final monetary yr, the exports continued sturdy progress in April, 2022 with merchandise exports scaling a brand new excessive by crossing $40 billion,” it mentioned.
Petroleum and crude oil imports throughout the month rose by 87.54 per cent to $20.2 billion. Coal, Coke and Briquettes imports jumped to $4.93 billion, as in opposition to $2 billion in April 2021.
Gold imports, nonetheless, dipped by about 72 per cent to $1.72 billion throughout the month below evaluate, from $6.23 billion in April 2021.
Engineering items exports elevated by 15.38 per cent to $9.2 billion, whereas petroleum merchandise exports soared 113.21 per cent to $7.73 billion.