Publish Date: | Wed, 15 Jun 2022 09:22 PM (IST)
India Export Import: According to government data released on Wednesday, the country’s merchandise exports grew by 20.55 percent to USD 38.94 billion in May. While the trade deficit widened to a record $24.29 billion. Data showed imports rose 62.83 percent to $63.22 billion last month. The trade deficit stood at $6.53 billion in May last year. Cumulative exports in April-May 2022-23 grew by nearly 25 per cent to US$ 78.72 billion. In April-May 2022-23, imports grew by 45.42 percent to $123.41 billion.
At the same time, the trade deficit widened to $ 44.69 billion during the first two months of the current financial year. 21.82 billion in the same period a year ago. Petroleum and crude oil imports grew by 102.72 per cent to USD 19.2 billion during May 2022.
Imports of coal, coke and briquettes increased to US$ 5.5 billion as against US$ 2 billion in May 2021. Gold imports also increased to US$ 6 billion from US$ 677 million in May 2021.
Engineering goods exports grew 12.65 percent to $9.7 billion. Petroleum products exports grew 60.87 percent to $8.54 billion. Gems and jewelery exports stood at $3.22 billion in May. Which was $2.96 billion in the same month last year. Chemicals exports grew 17.35 percent to $2.5 billion.
Similarly, shipments of pharma and readymade garments increased by 10.28 per cent and 27.85 per cent to US$ 2 billion and US$ 1.41 billion. Waxport sectors registering negative growth include iron ore, cashew, handicrafts, plastics, carpets and spices. The commerce ministry said the estimated value of imports of services for May is US$14.43 billion. Which was US$ 9.95 billion last year. This shows a positive growth of 45.01 percent.
Posted By: Shailendra Kumar
Publish Date: | Wed, 15 Jun 2022 09:22 PM (IST)
India Export Import: According to government data released on Wednesday, the country’s merchandise exports grew by 20.55 percent to USD 38.94 billion in May. While the trade deficit widened to a record $24.29 billion. Data showed imports rose 62.83 percent to $63.22 billion last month. The trade deficit stood at $6.53 billion in May last year. Cumulative exports in April-May 2022-23 grew by nearly 25 per cent to US$ 78.72 billion. In April-May 2022-23, imports grew by 45.42 percent to $123.41 billion.
At the same time, the trade deficit widened to $ 44.69 billion during the first two months of the current financial year. 21.82 billion in the same period a year ago. Petroleum and crude oil imports grew by 102.72 per cent to USD 19.2 billion during May 2022.
Imports of coal, coke and briquettes increased to US$ 5.5 billion as against US$ 2 billion in May 2021. Gold imports also increased to US$ 6 billion from US$ 677 million in May 2021.
Engineering goods exports grew 12.65 percent to $9.7 billion. Petroleum products exports grew 60.87 percent to $8.54 billion. Gems and jewelery exports stood at $3.22 billion in May. Which was $2.96 billion in the same month last year. Chemicals exports grew 17.35 percent to $2.5 billion.
Similarly, shipments of pharma and readymade garments increased by 10.28 per cent and 27.85 per cent to US$ 2 billion and US$ 1.41 billion. Waxport sectors registering negative growth include iron ore, cashew, handicrafts, plastics, carpets and spices. The commerce ministry said the estimated value of imports of services for May is US$14.43 billion. Which was US$ 9.95 billion last year. This shows a positive growth of 45.01 percent.
Posted By: Shailendra Kumar
Publish Date: | Wed, 15 Jun 2022 09:22 PM (IST)
India Export Import: According to government data released on Wednesday, the country’s merchandise exports grew by 20.55 percent to USD 38.94 billion in May. While the trade deficit widened to a record $24.29 billion. Data showed imports rose 62.83 percent to $63.22 billion last month. The trade deficit stood at $6.53 billion in May last year. Cumulative exports in April-May 2022-23 grew by nearly 25 per cent to US$ 78.72 billion. In April-May 2022-23, imports grew by 45.42 percent to $123.41 billion.
At the same time, the trade deficit widened to $ 44.69 billion during the first two months of the current financial year. 21.82 billion in the same period a year ago. Petroleum and crude oil imports grew by 102.72 per cent to USD 19.2 billion during May 2022.
Imports of coal, coke and briquettes increased to US$ 5.5 billion as against US$ 2 billion in May 2021. Gold imports also increased to US$ 6 billion from US$ 677 million in May 2021.
Engineering goods exports grew 12.65 percent to $9.7 billion. Petroleum products exports grew 60.87 percent to $8.54 billion. Gems and jewelery exports stood at $3.22 billion in May. Which was $2.96 billion in the same month last year. Chemicals exports grew 17.35 percent to $2.5 billion.
Similarly, shipments of pharma and readymade garments increased by 10.28 per cent and 27.85 per cent to US$ 2 billion and US$ 1.41 billion. Waxport sectors registering negative growth include iron ore, cashew, handicrafts, plastics, carpets and spices. The commerce ministry said the estimated value of imports of services for May is US$14.43 billion. Which was US$ 9.95 billion last year. This shows a positive growth of 45.01 percent.
Posted By: Shailendra Kumar
Publish Date: | Wed, 15 Jun 2022 09:22 PM (IST)
India Export Import: According to government data released on Wednesday, the country’s merchandise exports grew by 20.55 percent to USD 38.94 billion in May. While the trade deficit widened to a record $24.29 billion. Data showed imports rose 62.83 percent to $63.22 billion last month. The trade deficit stood at $6.53 billion in May last year. Cumulative exports in April-May 2022-23 grew by nearly 25 per cent to US$ 78.72 billion. In April-May 2022-23, imports grew by 45.42 percent to $123.41 billion.
At the same time, the trade deficit widened to $ 44.69 billion during the first two months of the current financial year. 21.82 billion in the same period a year ago. Petroleum and crude oil imports grew by 102.72 per cent to USD 19.2 billion during May 2022.
Imports of coal, coke and briquettes increased to US$ 5.5 billion as against US$ 2 billion in May 2021. Gold imports also increased to US$ 6 billion from US$ 677 million in May 2021.
Engineering goods exports grew 12.65 percent to $9.7 billion. Petroleum products exports grew 60.87 percent to $8.54 billion. Gems and jewelery exports stood at $3.22 billion in May. Which was $2.96 billion in the same month last year. Chemicals exports grew 17.35 percent to $2.5 billion.
Similarly, shipments of pharma and readymade garments increased by 10.28 per cent and 27.85 per cent to US$ 2 billion and US$ 1.41 billion. Waxport sectors registering negative growth include iron ore, cashew, handicrafts, plastics, carpets and spices. The commerce ministry said the estimated value of imports of services for May is US$14.43 billion. Which was US$ 9.95 billion last year. This shows a positive growth of 45.01 percent.
Posted By: Shailendra Kumar
Publish Date: | Wed, 15 Jun 2022 09:22 PM (IST)
India Export Import: According to government data released on Wednesday, the country’s merchandise exports grew by 20.55 percent to USD 38.94 billion in May. While the trade deficit widened to a record $24.29 billion. Data showed imports rose 62.83 percent to $63.22 billion last month. The trade deficit stood at $6.53 billion in May last year. Cumulative exports in April-May 2022-23 grew by nearly 25 per cent to US$ 78.72 billion. In April-May 2022-23, imports grew by 45.42 percent to $123.41 billion.
At the same time, the trade deficit widened to $ 44.69 billion during the first two months of the current financial year. 21.82 billion in the same period a year ago. Petroleum and crude oil imports grew by 102.72 per cent to USD 19.2 billion during May 2022.
Imports of coal, coke and briquettes increased to US$ 5.5 billion as against US$ 2 billion in May 2021. Gold imports also increased to US$ 6 billion from US$ 677 million in May 2021.
Engineering goods exports grew 12.65 percent to $9.7 billion. Petroleum products exports grew 60.87 percent to $8.54 billion. Gems and jewelery exports stood at $3.22 billion in May. Which was $2.96 billion in the same month last year. Chemicals exports grew 17.35 percent to $2.5 billion.
Similarly, shipments of pharma and readymade garments increased by 10.28 per cent and 27.85 per cent to US$ 2 billion and US$ 1.41 billion. Waxport sectors registering negative growth include iron ore, cashew, handicrafts, plastics, carpets and spices. The commerce ministry said the estimated value of imports of services for May is US$14.43 billion. Which was US$ 9.95 billion last year. This shows a positive growth of 45.01 percent.
Posted By: Shailendra Kumar
Publish Date: | Wed, 15 Jun 2022 09:22 PM (IST)
India Export Import: According to government data released on Wednesday, the country’s merchandise exports grew by 20.55 percent to USD 38.94 billion in May. While the trade deficit widened to a record $24.29 billion. Data showed imports rose 62.83 percent to $63.22 billion last month. The trade deficit stood at $6.53 billion in May last year. Cumulative exports in April-May 2022-23 grew by nearly 25 per cent to US$ 78.72 billion. In April-May 2022-23, imports grew by 45.42 percent to $123.41 billion.
At the same time, the trade deficit widened to $ 44.69 billion during the first two months of the current financial year. 21.82 billion in the same period a year ago. Petroleum and crude oil imports grew by 102.72 per cent to USD 19.2 billion during May 2022.
Imports of coal, coke and briquettes increased to US$ 5.5 billion as against US$ 2 billion in May 2021. Gold imports also increased to US$ 6 billion from US$ 677 million in May 2021.
Engineering goods exports grew 12.65 percent to $9.7 billion. Petroleum products exports grew 60.87 percent to $8.54 billion. Gems and jewelery exports stood at $3.22 billion in May. Which was $2.96 billion in the same month last year. Chemicals exports grew 17.35 percent to $2.5 billion.
Similarly, shipments of pharma and readymade garments increased by 10.28 per cent and 27.85 per cent to US$ 2 billion and US$ 1.41 billion. Waxport sectors registering negative growth include iron ore, cashew, handicrafts, plastics, carpets and spices. The commerce ministry said the estimated value of imports of services for May is US$14.43 billion. Which was US$ 9.95 billion last year. This shows a positive growth of 45.01 percent.
Posted By: Shailendra Kumar
Publish Date: | Wed, 15 Jun 2022 09:22 PM (IST)
India Export Import: According to government data released on Wednesday, the country’s merchandise exports grew by 20.55 percent to USD 38.94 billion in May. While the trade deficit widened to a record $24.29 billion. Data showed imports rose 62.83 percent to $63.22 billion last month. The trade deficit stood at $6.53 billion in May last year. Cumulative exports in April-May 2022-23 grew by nearly 25 per cent to US$ 78.72 billion. In April-May 2022-23, imports grew by 45.42 percent to $123.41 billion.
At the same time, the trade deficit widened to $ 44.69 billion during the first two months of the current financial year. 21.82 billion in the same period a year ago. Petroleum and crude oil imports grew by 102.72 per cent to USD 19.2 billion during May 2022.
Imports of coal, coke and briquettes increased to US$ 5.5 billion as against US$ 2 billion in May 2021. Gold imports also increased to US$ 6 billion from US$ 677 million in May 2021.
Engineering goods exports grew 12.65 percent to $9.7 billion. Petroleum products exports grew 60.87 percent to $8.54 billion. Gems and jewelery exports stood at $3.22 billion in May. Which was $2.96 billion in the same month last year. Chemicals exports grew 17.35 percent to $2.5 billion.
Similarly, shipments of pharma and readymade garments increased by 10.28 per cent and 27.85 per cent to US$ 2 billion and US$ 1.41 billion. Waxport sectors registering negative growth include iron ore, cashew, handicrafts, plastics, carpets and spices. The commerce ministry said the estimated value of imports of services for May is US$14.43 billion. Which was US$ 9.95 billion last year. This shows a positive growth of 45.01 percent.
Posted By: Shailendra Kumar
Publish Date: | Wed, 15 Jun 2022 09:22 PM (IST)
India Export Import: According to government data released on Wednesday, the country’s merchandise exports grew by 20.55 percent to USD 38.94 billion in May. While the trade deficit widened to a record $24.29 billion. Data showed imports rose 62.83 percent to $63.22 billion last month. The trade deficit stood at $6.53 billion in May last year. Cumulative exports in April-May 2022-23 grew by nearly 25 per cent to US$ 78.72 billion. In April-May 2022-23, imports grew by 45.42 percent to $123.41 billion.
At the same time, the trade deficit widened to $ 44.69 billion during the first two months of the current financial year. 21.82 billion in the same period a year ago. Petroleum and crude oil imports grew by 102.72 per cent to USD 19.2 billion during May 2022.
Imports of coal, coke and briquettes increased to US$ 5.5 billion as against US$ 2 billion in May 2021. Gold imports also increased to US$ 6 billion from US$ 677 million in May 2021.
Engineering goods exports grew 12.65 percent to $9.7 billion. Petroleum products exports grew 60.87 percent to $8.54 billion. Gems and jewelery exports stood at $3.22 billion in May. Which was $2.96 billion in the same month last year. Chemicals exports grew 17.35 percent to $2.5 billion.
Similarly, shipments of pharma and readymade garments increased by 10.28 per cent and 27.85 per cent to US$ 2 billion and US$ 1.41 billion. Waxport sectors registering negative growth include iron ore, cashew, handicrafts, plastics, carpets and spices. The commerce ministry said the estimated value of imports of services for May is US$14.43 billion. Which was US$ 9.95 billion last year. This shows a positive growth of 45.01 percent.
Posted By: Shailendra Kumar
Publish Date: | Wed, 15 Jun 2022 09:22 PM (IST)
India Export Import: According to government data released on Wednesday, the country’s merchandise exports grew by 20.55 percent to USD 38.94 billion in May. While the trade deficit widened to a record $24.29 billion. Data showed imports rose 62.83 percent to $63.22 billion last month. The trade deficit stood at $6.53 billion in May last year. Cumulative exports in April-May 2022-23 grew by nearly 25 per cent to US$ 78.72 billion. In April-May 2022-23, imports grew by 45.42 percent to $123.41 billion.
At the same time, the trade deficit widened to $ 44.69 billion during the first two months of the current financial year. 21.82 billion in the same period a year ago. Petroleum and crude oil imports grew by 102.72 per cent to USD 19.2 billion during May 2022.
Imports of coal, coke and briquettes increased to US$ 5.5 billion as against US$ 2 billion in May 2021. Gold imports also increased to US$ 6 billion from US$ 677 million in May 2021.
Engineering goods exports grew 12.65 percent to $9.7 billion. Petroleum products exports grew 60.87 percent to $8.54 billion. Gems and jewelery exports stood at $3.22 billion in May. Which was $2.96 billion in the same month last year. Chemicals exports grew 17.35 percent to $2.5 billion.
Similarly, shipments of pharma and readymade garments increased by 10.28 per cent and 27.85 per cent to US$ 2 billion and US$ 1.41 billion. Waxport sectors registering negative growth include iron ore, cashew, handicrafts, plastics, carpets and spices. The commerce ministry said the estimated value of imports of services for May is US$14.43 billion. Which was US$ 9.95 billion last year. This shows a positive growth of 45.01 percent.
Posted By: Shailendra Kumar
Publish Date: | Wed, 15 Jun 2022 09:22 PM (IST)
India Export Import: According to government data released on Wednesday, the country’s merchandise exports grew by 20.55 percent to USD 38.94 billion in May. While the trade deficit widened to a record $24.29 billion. Data showed imports rose 62.83 percent to $63.22 billion last month. The trade deficit stood at $6.53 billion in May last year. Cumulative exports in April-May 2022-23 grew by nearly 25 per cent to US$ 78.72 billion. In April-May 2022-23, imports grew by 45.42 percent to $123.41 billion.
At the same time, the trade deficit widened to $ 44.69 billion during the first two months of the current financial year. 21.82 billion in the same period a year ago. Petroleum and crude oil imports grew by 102.72 per cent to USD 19.2 billion during May 2022.
Imports of coal, coke and briquettes increased to US$ 5.5 billion as against US$ 2 billion in May 2021. Gold imports also increased to US$ 6 billion from US$ 677 million in May 2021.
Engineering goods exports grew 12.65 percent to $9.7 billion. Petroleum products exports grew 60.87 percent to $8.54 billion. Gems and jewelery exports stood at $3.22 billion in May. Which was $2.96 billion in the same month last year. Chemicals exports grew 17.35 percent to $2.5 billion.
Similarly, shipments of pharma and readymade garments increased by 10.28 per cent and 27.85 per cent to US$ 2 billion and US$ 1.41 billion. Waxport sectors registering negative growth include iron ore, cashew, handicrafts, plastics, carpets and spices. The commerce ministry said the estimated value of imports of services for May is US$14.43 billion. Which was US$ 9.95 billion last year. This shows a positive growth of 45.01 percent.
Posted By: Shailendra Kumar
Publish Date: | Wed, 15 Jun 2022 09:22 PM (IST)
India Export Import: According to government data released on Wednesday, the country’s merchandise exports grew by 20.55 percent to USD 38.94 billion in May. While the trade deficit widened to a record $24.29 billion. Data showed imports rose 62.83 percent to $63.22 billion last month. The trade deficit stood at $6.53 billion in May last year. Cumulative exports in April-May 2022-23 grew by nearly 25 per cent to US$ 78.72 billion. In April-May 2022-23, imports grew by 45.42 percent to $123.41 billion.
At the same time, the trade deficit widened to $ 44.69 billion during the first two months of the current financial year. 21.82 billion in the same period a year ago. Petroleum and crude oil imports grew by 102.72 per cent to USD 19.2 billion during May 2022.
Imports of coal, coke and briquettes increased to US$ 5.5 billion as against US$ 2 billion in May 2021. Gold imports also increased to US$ 6 billion from US$ 677 million in May 2021.
Engineering goods exports grew 12.65 percent to $9.7 billion. Petroleum products exports grew 60.87 percent to $8.54 billion. Gems and jewelery exports stood at $3.22 billion in May. Which was $2.96 billion in the same month last year. Chemicals exports grew 17.35 percent to $2.5 billion.
Similarly, shipments of pharma and readymade garments increased by 10.28 per cent and 27.85 per cent to US$ 2 billion and US$ 1.41 billion. Waxport sectors registering negative growth include iron ore, cashew, handicrafts, plastics, carpets and spices. The commerce ministry said the estimated value of imports of services for May is US$14.43 billion. Which was US$ 9.95 billion last year. This shows a positive growth of 45.01 percent.
Posted By: Shailendra Kumar
Publish Date: | Wed, 15 Jun 2022 09:22 PM (IST)
India Export Import: According to government data released on Wednesday, the country’s merchandise exports grew by 20.55 percent to USD 38.94 billion in May. While the trade deficit widened to a record $24.29 billion. Data showed imports rose 62.83 percent to $63.22 billion last month. The trade deficit stood at $6.53 billion in May last year. Cumulative exports in April-May 2022-23 grew by nearly 25 per cent to US$ 78.72 billion. In April-May 2022-23, imports grew by 45.42 percent to $123.41 billion.
At the same time, the trade deficit widened to $ 44.69 billion during the first two months of the current financial year. 21.82 billion in the same period a year ago. Petroleum and crude oil imports grew by 102.72 per cent to USD 19.2 billion during May 2022.
Imports of coal, coke and briquettes increased to US$ 5.5 billion as against US$ 2 billion in May 2021. Gold imports also increased to US$ 6 billion from US$ 677 million in May 2021.
Engineering goods exports grew 12.65 percent to $9.7 billion. Petroleum products exports grew 60.87 percent to $8.54 billion. Gems and jewelery exports stood at $3.22 billion in May. Which was $2.96 billion in the same month last year. Chemicals exports grew 17.35 percent to $2.5 billion.
Similarly, shipments of pharma and readymade garments increased by 10.28 per cent and 27.85 per cent to US$ 2 billion and US$ 1.41 billion. Waxport sectors registering negative growth include iron ore, cashew, handicrafts, plastics, carpets and spices. The commerce ministry said the estimated value of imports of services for May is US$14.43 billion. Which was US$ 9.95 billion last year. This shows a positive growth of 45.01 percent.
Posted By: Shailendra Kumar
Publish Date: | Wed, 15 Jun 2022 09:22 PM (IST)
India Export Import: According to government data released on Wednesday, the country’s merchandise exports grew by 20.55 percent to USD 38.94 billion in May. While the trade deficit widened to a record $24.29 billion. Data showed imports rose 62.83 percent to $63.22 billion last month. The trade deficit stood at $6.53 billion in May last year. Cumulative exports in April-May 2022-23 grew by nearly 25 per cent to US$ 78.72 billion. In April-May 2022-23, imports grew by 45.42 percent to $123.41 billion.
At the same time, the trade deficit widened to $ 44.69 billion during the first two months of the current financial year. 21.82 billion in the same period a year ago. Petroleum and crude oil imports grew by 102.72 per cent to USD 19.2 billion during May 2022.
Imports of coal, coke and briquettes increased to US$ 5.5 billion as against US$ 2 billion in May 2021. Gold imports also increased to US$ 6 billion from US$ 677 million in May 2021.
Engineering goods exports grew 12.65 percent to $9.7 billion. Petroleum products exports grew 60.87 percent to $8.54 billion. Gems and jewelery exports stood at $3.22 billion in May. Which was $2.96 billion in the same month last year. Chemicals exports grew 17.35 percent to $2.5 billion.
Similarly, shipments of pharma and readymade garments increased by 10.28 per cent and 27.85 per cent to US$ 2 billion and US$ 1.41 billion. Waxport sectors registering negative growth include iron ore, cashew, handicrafts, plastics, carpets and spices. The commerce ministry said the estimated value of imports of services for May is US$14.43 billion. Which was US$ 9.95 billion last year. This shows a positive growth of 45.01 percent.
Posted By: Shailendra Kumar
Publish Date: | Wed, 15 Jun 2022 09:22 PM (IST)
India Export Import: According to government data released on Wednesday, the country’s merchandise exports grew by 20.55 percent to USD 38.94 billion in May. While the trade deficit widened to a record $24.29 billion. Data showed imports rose 62.83 percent to $63.22 billion last month. The trade deficit stood at $6.53 billion in May last year. Cumulative exports in April-May 2022-23 grew by nearly 25 per cent to US$ 78.72 billion. In April-May 2022-23, imports grew by 45.42 percent to $123.41 billion.
At the same time, the trade deficit widened to $ 44.69 billion during the first two months of the current financial year. 21.82 billion in the same period a year ago. Petroleum and crude oil imports grew by 102.72 per cent to USD 19.2 billion during May 2022.
Imports of coal, coke and briquettes increased to US$ 5.5 billion as against US$ 2 billion in May 2021. Gold imports also increased to US$ 6 billion from US$ 677 million in May 2021.
Engineering goods exports grew 12.65 percent to $9.7 billion. Petroleum products exports grew 60.87 percent to $8.54 billion. Gems and jewelery exports stood at $3.22 billion in May. Which was $2.96 billion in the same month last year. Chemicals exports grew 17.35 percent to $2.5 billion.
Similarly, shipments of pharma and readymade garments increased by 10.28 per cent and 27.85 per cent to US$ 2 billion and US$ 1.41 billion. Waxport sectors registering negative growth include iron ore, cashew, handicrafts, plastics, carpets and spices. The commerce ministry said the estimated value of imports of services for May is US$14.43 billion. Which was US$ 9.95 billion last year. This shows a positive growth of 45.01 percent.
Posted By: Shailendra Kumar
Publish Date: | Wed, 15 Jun 2022 09:22 PM (IST)
India Export Import: According to government data released on Wednesday, the country’s merchandise exports grew by 20.55 percent to USD 38.94 billion in May. While the trade deficit widened to a record $24.29 billion. Data showed imports rose 62.83 percent to $63.22 billion last month. The trade deficit stood at $6.53 billion in May last year. Cumulative exports in April-May 2022-23 grew by nearly 25 per cent to US$ 78.72 billion. In April-May 2022-23, imports grew by 45.42 percent to $123.41 billion.
At the same time, the trade deficit widened to $ 44.69 billion during the first two months of the current financial year. 21.82 billion in the same period a year ago. Petroleum and crude oil imports grew by 102.72 per cent to USD 19.2 billion during May 2022.
Imports of coal, coke and briquettes increased to US$ 5.5 billion as against US$ 2 billion in May 2021. Gold imports also increased to US$ 6 billion from US$ 677 million in May 2021.
Engineering goods exports grew 12.65 percent to $9.7 billion. Petroleum products exports grew 60.87 percent to $8.54 billion. Gems and jewelery exports stood at $3.22 billion in May. Which was $2.96 billion in the same month last year. Chemicals exports grew 17.35 percent to $2.5 billion.
Similarly, shipments of pharma and readymade garments increased by 10.28 per cent and 27.85 per cent to US$ 2 billion and US$ 1.41 billion. Waxport sectors registering negative growth include iron ore, cashew, handicrafts, plastics, carpets and spices. The commerce ministry said the estimated value of imports of services for May is US$14.43 billion. Which was US$ 9.95 billion last year. This shows a positive growth of 45.01 percent.
Posted By: Shailendra Kumar
Publish Date: | Wed, 15 Jun 2022 09:22 PM (IST)
India Export Import: According to government data released on Wednesday, the country’s merchandise exports grew by 20.55 percent to USD 38.94 billion in May. While the trade deficit widened to a record $24.29 billion. Data showed imports rose 62.83 percent to $63.22 billion last month. The trade deficit stood at $6.53 billion in May last year. Cumulative exports in April-May 2022-23 grew by nearly 25 per cent to US$ 78.72 billion. In April-May 2022-23, imports grew by 45.42 percent to $123.41 billion.
At the same time, the trade deficit widened to $ 44.69 billion during the first two months of the current financial year. 21.82 billion in the same period a year ago. Petroleum and crude oil imports grew by 102.72 per cent to USD 19.2 billion during May 2022.
Imports of coal, coke and briquettes increased to US$ 5.5 billion as against US$ 2 billion in May 2021. Gold imports also increased to US$ 6 billion from US$ 677 million in May 2021.
Engineering goods exports grew 12.65 percent to $9.7 billion. Petroleum products exports grew 60.87 percent to $8.54 billion. Gems and jewelery exports stood at $3.22 billion in May. Which was $2.96 billion in the same month last year. Chemicals exports grew 17.35 percent to $2.5 billion.
Similarly, shipments of pharma and readymade garments increased by 10.28 per cent and 27.85 per cent to US$ 2 billion and US$ 1.41 billion. Waxport sectors registering negative growth include iron ore, cashew, handicrafts, plastics, carpets and spices. The commerce ministry said the estimated value of imports of services for May is US$14.43 billion. Which was US$ 9.95 billion last year. This shows a positive growth of 45.01 percent.
Posted By: Shailendra Kumar
