The country’s export business (Exports rise) has almost tripled to $ 30.21 billion in April. Last year, exports of 10.17 billion dollars were made in the same month. This information is given in the preliminary data released on Sunday by the Commerce Ministry. During this period, imports also increased more than two times to 45.45 billion dollars.
The Commerce Ministry said in a statement that India has been a net importer in the month of April and the trade deficit for the month has reached $ 15.24 billion. This figure is more than double the April 2020 trade deficit figure of $ 6.92 billion.
Last year, there was a sharp decline of 60.28 percent, while in March this year, exports increased by 60.29 percent to reach $ 34.45 billion. Oil imports stood at $ 10.8 billion in April 2021, compared to $ 4.65 billion in the same month a year ago.
The items which have shown positive trend in exports in April include gems and jewelery, jute, carpets, handicrafts, leather, electronic goods, oil spills, cashew, engineering, petroleum products, marine products and chemicals.