Exports rose 38.91% to $ 37.81 billion in December; Trade deficit rises to $ 21.68 billion: government data


New Delhi: The country’s exports rose 38.91 per cent year-on-year to $ 37.81 billion in December 2021, the highest monthly figure ever due to healthy performance in sectors such as engineering, textiles and chemicals. Loss in trade Rose to $ 21.68 billion during the month, government data showed on Friday.
Imports also increased by 38.55 per cent to $ 59.48 billion in December 2021 due to increase in imports of petroleum and crude oil, which increased by 67.89 per cent to $ 16.16 billion.
Gold imports rose 5.43 per cent to $ 4.72 billion.
During April-December 2021-22, exports increased by 49.66 per cent to $ 301.38 billion.
The data showed that imports increased by 68.91 per cent to $ 443.82 billion during the period, resulting in a trade deficit of 14 142.44 billion. The trade deficit in December 2020 was $ 15.72 billion.
“Merchandise exports were .8 37.81 billion in December 2021, showing a positive growth of 38.91% compared to $ 27.22 billion in December 2020. Compared to December 2019, December 2021 saw a positive growth of 39.47% in exports.” Ministry of Commerce Said in a statement.
In December 2021, exports of engineering goods rose 38.41 per cent to $ 9.8 billion, followed by petroleum products (151 per cent to $ 5.88 billion), gems and jewelery (16.4 per cent to about $ 3 billion), chemicals (26.86 per cent to $ 2.66 billion) and finished (22.66 billion). Percent to 46 1.46 billion).
The data also shows that the estimated value of services exports for December 2021 was $ 20.07 billion, an increase of 5.26 per cent over the same month in 2020. Imports also rose 15.76 per cent to $ 12.87 billion.
The estimated value of services exports for April-December 2021 is $ 177.68 billion, showing a positive growth of 18.39 per cent compared to April-December 2020 ($ 150.09 billion).
“The estimated value of services imports for April-December 2021 is $ 103.30 billion, a positive growth of 21.52% compared to April-December 2020 ($ 85 billion).”
Commenting on the figures, A Shaktivel, president of the Federation of Indian Export Organizations (FIEO), said that given the current trend, India would achieve the વેપારી 400-billion trade export target for the current financial year.

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