Exports jump to $30.63 billion in April

New Delhi, May 14

India’s exports in April jumped nearly three-fold to $30.63 billion from $10.36 billion in the same month last year, according to government data released on Friday.

Imports too rose to $45.72 billion last month as against $17.12 billion in April 2020, the data showed. Trade deficit widened to $15.10 billion as against $6.76 billion in April 2020.

Exports in April last year had plunged by a record 60.28% due to the Covid pandemic-induced lockdown. In March this year, exports grew by 60.29% to $34.45 billion. Due to the low base effect, exports in April 2021 recorded a growth rate of 195.72%.

Oil imports stood at $10.8 billion as compared to $4.66 billion in the corresponding month last year.

Major export commodities which have recorded positive growth in April include gems and jewellery, jute, carpet, handicrafts, leather, electronic goods, oil meals, cashew, engineering, petroleum products, marine products and chemicals. — PTI

Trade deficit widens to $15 billion

• Imports too rose to $45.72 billion last month as against $17.12 billion in April 2020, the data showed
• Trade deficit widened to $15.10 billion as against $6.76 billion in April 2020
• Exports in April 2020 had plunged by a record 60.28% due to the pandemic-induced lockdown

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