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Exports jump to USD 30.21 bn in Apr; trade deficit at USD 15.24 bn | India’s exports rose to Rs 2.23 lakh crore in April, 3 times growth compared to last year

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New Delhi4 minutes ago

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  • In April 2021, a total of 3.36 lakh crore rupees was imported.
  • The month of April was spent in lockdown last year due to Corona

In April, exports from the country have increased drastically. According to preliminary data released by the Ministry of Commerce on Sunday, the country’s total exports in April stood at about Rs 2.23 lakh crore, worth $ 30.21 billion. It has grown 3 times in comparison to exports of $ 75.17 billion for the same period a year ago, at $ 10.17 billion.

3.36 Lakh Crore Import

On the lines of exports, there has also been a huge increase in imports in April. The total import of the country in April was 45.45 billion dollars, about 3.36 lakh crore rupees. In April last year, $ 17.09 billion was about 1.26 lakh crore rupees. A statement issued by the ministry said that India was a net importer in April. The trade deficit of the country in April stood at about $ 15.24 billion, about 1.12 lakh crore rupees. According to the ministry, the trade deficit in April was 120.34%. In April 2020, the country’s trade deficit was $ 6.92 billion, about 51 thousand crores rupees.

Last year, exports were down due to lockdown

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Last year, the entire month of April was spent in lockdown due to Kovid-19. Due to this there was a decline of 60.28% in exports. However, there was a growth of 60.29% in exports in March this year. In March 2021, exports of $ 34.45 billion amounted to about 2.55 lakh crore rupees. In April 2021, oil imports stood at $ 10.8 billion, about 80 thousand crores. In the same period a year ago, about $ 4.65 billion worth of oil was imported.

These commodity exports grew in April

Gems & Jewelery, Jute, Carpet, Handicraft, Leather, Electronic Goods, Oil Meals, Cashew, Engineering, Petroleum Products, Marine Products and Chemical.

Coal import may decrease in future

Coal imports in the country may decrease in the coming months. There are various reasons behind this. This includes the environment of Kovid, high stock of coal and high prices in the international market. A mjunction report said this. mjunction is a joint B2B-B e-commerce company of Tata Steel and SAIL. It issues research reports related to coal and steel.

Coal import decreased in FY 2021

According to mjunction’s preliminary data, coal imports declined by 12.62% in FY 2021. A total of 215.92 million tonnes of coal have been imported in FY 2021. Whereas in the year 2020, 247.10 million tonnes of coal were imported. This data has been released based on reports received from ports and shipping companies.

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