Exports up 46% in August to $33.28 billion, trade deficit at $13.81 billion


Photo:PTI

Exports up 46 percent in August

New Delhi. Merchandise exports from the country grew 45.76 per cent to $33.28 billion in August last month. This information has been given in the data released on Tuesday by the Ministry of Commerce. Exports stood at $22.83 billion a year ago in August 2020. According to the data, imports of merchandise in August 2021 increased by 51.72 percent to $ 47.09 billion. Thus, the trade deficit widened to $13.81 billion in August from $8.2 billion in the same month last year.

At the same time, in the month of August, total (merchandise goods and services) exports increased by 33.99 percent to $ 52.22 billion as compared to last year. In August 2020, this figure stood at $ 38.96 billion. Before the Corona crisis, in August 2019, exports were at the level of $ 43.54 billion. At the same time, total imports have increased by 34 percent to the level of $ 58.57 billion in the same period as compared to last year. This has been 20 percent more than in August 2019. At the same time, total imports (traded goods and services) are at the level of $ 58.57 billion. This is 45.38 percent more than last year.

Total exports (merchandise goods and services) grew by 67.33 per cent to $164.10 billion in the first five months of the current fiscal year, April-August, 2021, from $98.06 billion in the corresponding period of the previous fiscal. At the same time, during April-August, 2021, imports reached $ 219.63 billion, which was $ 121.42 billion in the first five months of the previous financial year.

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