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According to government data released on Friday, the country's exports increased 38.91% year on year to US$ 37.81 billion in December 2021, owing to strong performance in industries such as engineering, textiles, and chemicals, even as the trade deficit increased to US$ 21.68 billion. Imports surged 38.55% to US$ 59.48 billion in December 2021. Exports increased by 49.66% to US$ 301.38 billion between April and December 2021-22.
Imports increased by 68.91% to US$ 443.82 billion during the period, leaving a trade imbalance of US$ 142.44 billion, according to the figures. "Merchandise exports in December 2021 totaled US$ 37.81 billion, up from US$ 27.22 billion in December 2020, or a 38.91% increase. When compared to December 2019, exports in December 2021 increased by 39.47% "According to a statement issued by the Commerce Ministry.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.