May 17, 2022 12:45 PM
KOLKATA WEATHER

Goods exports increased 30.7% to $40.19 bn, imports hit $60.3 bn

by: Sayantan Barua

goods export

Goods exports increased 30.7% to $40.19 bn, imports hit $60.3 bn

by: Sayantan Barua

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TW Newsdesk, May 14: Merchandise exports of India in April increased 30.7% to $40.19 billion compared to $30.75 billion in the corresponding period last year. Imports also increased 30.97% to $60.30 billion, leaving a trade deficit of over $20 billion mainly because of an increase in international oil prices due to the Ukraine war, according to official data.

India, which imports 85% of the crude oil it processes, imported petroleum worth $20.19 billion in April compared to $10.76 billion in the same month last year according to trade data provided by the commerce ministry on May 13.

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