Exports up 2.14% to $36.27 bn in July; trade deficit at record $30 bn
Millennium Post Delhi|August 13, 2022
India’s exports rose by 2.14 per cent to $36.27 billion in July while the trade deficit almost tripled to $30 billion during the month due to over 70 per cent rise in crude oil imports, according to official data released on Friday.
Exports up 2.14% to $36.27 bn in July; trade deficit at record $30 bn

Imports shot up by 43.61 per cent to $66.27 billion in the month compared to July 2021, the data showed. The trade deficit was $10.63 billion in July 2021. Preliminary data released earlier this month had shown a 0.76 per cent contraction in exports at $35.24 billion for July.

However, exports during April-July 2022-23 rose by 20.13 per cent to $157.44 billion. Imports during the four months increased by 48.12 per cent to $256.43 billion.

This story is from the August 13, 2022 edition of Millennium Post Delhi.

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This story is from the August 13, 2022 edition of Millennium Post Delhi.

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