India's export grows 47 pc to USD 32.46 bn in June

New Delhi: The country’s exports rose by 47.34 per cent to USD 32.46 billion in June on account of healthy growth in sectors such as engineering, gems and jewellery and petroleum products, even as trade deficit aggregated at USD 9.4 billion during the month, according to the data released by the commerce ministry on Friday.

Exports in June last year stood at US 22 billion and USD 25 billion in June 2019.    In May 2021, the outward shipment was worth USD 32.27 billion, while in April this year, it was USD 31 billion.        

Imports in June 2021 grew by 96.33 per cent to USD



41.86 billion, from USD 21.32 billion in June last year. In June 2019, imports stood at USD 41 billion.

“India is thus a net importer in June 2021 with a trade deficit of USD 9.4 billion, widened by 1,426.6 per cent over trade surplus of USD 0.71 billion in June 2020 (India was net exporter in June 2020) and narrowed down by 41.26 per cent over trade deficit of USD 16 billion in June 2019,” the ministry said in a statement.

Exports during the April-June quarter this year jumped to USD 95.36 billion as against USD 51.44 billion in the same period last year.