New Delhi:
Goods exports from India rose 30.7 percent to $40.19 billion in April on the back of the healthy performance of sectors such as petroleum, electronic goods and chemicals, even as the trade deficit widened to $20.11 during the month billion, the Commerce Department said Friday.
Imports grew by 30.97 percent to $60.3 billion in the month under review.
The trade deficit in April 2021 was $15.29 billion.
“After a record performance in the past fiscal year, exports continued to grow robustly in April 2022, with goods exports hitting new highs exceeding $40 billion,” it said.
Petroleum and crude oil imports rose 87.54 percent to $20.2 billion during the month. Imports of coal, coke and briquettes rose to $4.93 billion, from $2 billion in April 2021.
However, gold imports fell about 72 percent to $1.72 billion in the month under review, from $6.23 billion in April 2021.
Exports of technical goods rose 15.38 percent to $9.2 billion, while exports of petroleum products rose 113.2 percent to $ 7.73 billion.