Exports rise 33% to $7.63 billion during Jan 1-7 period: Govt data
- IBEF
- January 12, 2022
According to preliminary figures from the commerce ministry, the country's exports increased by 33.16% to US$ 7.63 billion from January 1 to 7, owing to strong performance in several industries such as engineering, petroleum, and gems and jewellery.
During the same period previous year, exports totalled US$ 5.73 billion.
Imports increased by almost 33% to US$ 11.60 billion in the first week of this month, compared to US$ 8.72 billion in the same period in 2021.
According to the data, imports, excluding petroleum, climbed by 29.88% in the period under review compared to the same time in 2020-21.
The ministry is optimistic that the healthy growth rate would enable the country meet its aim of US$ 400 billion in goods exports this fiscal year.
In December 2021, the country's merchandise exports increased by 37% year on year to US$ 37.29 billion, the highest monthly figure ever.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
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