According to provisional trade figures, merchandise exports reached a new high of US$ 40.38 billion, while imports increased to US$ 59.07 billion. The March trade deficit was predicted to be US$ 18.69 billion.
For the fiscal year 2021/22, which ended in March, merchandise exports totaled US$ 417.81 billion, while imports totaled US$ 610.22 billion.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.