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Exports Rises 24% To $9.4 Billion During June 1-7, Imports Up 77%
Led by engineering goods, gems and jewellery, and petroleum products, India's exports rose 24.18% year-on-year to $9.4 billion in the first week of June, officials said on Wednesday.
Imports during June 1-7 were $16 billion, 76.9% higher than the year-ago period, leaving a trade deficit of $6.6 billion, they said.
"Around 80% of export growth came from non-petroleum products while 80% of import growth came from natural resources such as petroleum, coal and gold," said an official.
Outbound shipments were $7.56 billion in the first week of June 2021.
India's goods exports had grown 15.46% on year to $37.29 billion in May.
During June 1-7, outbound shipments of gems and jewellery, engineering goods, petroleum products, and electronic goods grew 84.3%, 25.7%, 20.4% and 73.5%, respectively.
However, plastic and linoleum exports decreased 27.3% on year.
Major import goods that witnessed growth include petroleum, crude, coal, coke and briquettes, gold and chemicals.
Gold imports rose 391.9% in the first week of June while those of petroleum and coal were up 207% and 253.8%, respectively.
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