NEW DELHI: India’s exports touched $8.4 billion during the first week of July, up nearly 35% from the same period in 2019-20 and 63% more than a year ago, when trade was hit due to the nationwide lockdown. was.
At the same time, imports touched $11.5 billion – 29% more than in the same period. FY20 And 95% more than a year ago – according to the latest data available with the government.
Export growth was led by petroleum products, which increased global prices by 65%, while the value of engineering goods and inorganic chemicals shipped from the country increased by 50% and 36%, respectively. Some of the gains were offset by a decline in leather and leather goods exports, which declined 16%, and electronics goods (down 4%).
Shipments to China increased along with the US Indonesia. On the import front, the growth was driven by gold, whose shipments went up by 365% from FY20 levels as well as crude petroleum (39%) and vegetable oil, which nearly doubled, partly due to higher prices. cause.
At the same time, imports touched $11.5 billion – 29% more than in the same period. FY20 And 95% more than a year ago – according to the latest data available with the government.
Export growth was led by petroleum products, which increased global prices by 65%, while the value of engineering goods and inorganic chemicals shipped from the country increased by 50% and 36%, respectively. Some of the gains were offset by a decline in leather and leather goods exports, which declined 16%, and electronics goods (down 4%).
Shipments to China increased along with the US Indonesia. On the import front, the growth was driven by gold, whose shipments went up by 365% from FY20 levels as well as crude petroleum (39%) and vegetable oil, which nearly doubled, partly due to higher prices. cause.
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