India's overall exports continue robust growth in Apr 2022

15 May '22

2 min read

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While India’s exports of cotton yarn, fabrics, made-ups and handloom products in April this year were worth $1158.08 million, an 8.72 per cent year-on-year (YoY) rise, those of man-made yarn, fabrics and made-ups were worth $458.59 million—an 8.02 per cent YoY rise. Overall exports continued robust growth in the month, with merchandise exports crossing $40 billion.

The April 2022 merchandise export figure is an increase of 30.7 per cent over the April 2021 figure of $30.75 billion.

Petroleum products (127.69 per cent), Electronic goods (71.69 per cent), cereals (60.83 per cent), coffee (59.38 per cent), processed food (38.82 per cent) and leather product (36.68 per cent) exports led the way in achieving the record performance. Services performed extremely well to reach $27.60 billion, which is an increase of 53 per cent over April 2021.

India’s overall exports—merchandise and services combined—in April this year are estimated to be $67.79 billion, exhibiting a positive growth of 38.90 per cent over the same period last year., an official press release said.

Overall imports in April are estimated to be $75.87 billion, exhibiting a positive growth of 36.31 per cent over the same period last year.

Merchandise imports in April this year were worth $60.30 billion, an increase of 30.97 per cent over imports of $46.04 billion in April 2021.

The merchandise trade deficit in April 2022 was estimated at $20.11 billion as against $15.29 billion in April 2021, which is an increase of 31.50 per cent.

Fibre2Fashion News Desk (DS)

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