Exports increase 40.5% to US$ 15.13 billion during October 1-14
- IBEF
- October 20, 2021
India’s exports rose by 40.5% to US$ 15.13 billion during October 1-14 owing to healthy performance by key sectors such as petroleum products, engineering and chemicals, according to preliminary data of the commerce ministry.
Imports during the period grew by 60.72% to US$ 14.82 billion, the data indicated.
India's merchandise exports grew by 22.63% y-o-y to US$ 33.79 billion in September on improved performance by key sectors, despite the trade deficit expanded to a record high of US$ 22.59 billion.
Export sectors which are logging positive growth include coffee, cashew, petroleum products, handloom, engineering, chemicals, man-made yarn/fabrics, gems and jewellery, plastic and marine products.
Cumulatively, exports rose by 57.53% to US$ 197.89 billion during April-September this fiscal year as opposed to US$ 125.62 billion during April-September 2020.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
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