Exports jump 52.39% to $7.71 billion during June 1-7, imports surge 83%


Exports rose by 52.39% in the first week of June pushed by sectors including engineering, gems and jewellery and petroleum products. Imports surged by 83% in the said period, according to PTI which quoted preliminary data from Commerce Ministry.

Total exports from June 1-7 stood at $7.71 billion while imports came in at $9.1 billion in the same period.

Petroleum and crude oil imports surged by 135% to $1.09 billion. Imports of electronic goods and pearls, precious and semi-precious stones increased by 45.85 per cent to $324.77 million and 111 per cent to $294 million respectively.

Exports to the US, UAE and Bangladesh rose by about 60 per cent to USD 500 million, 57.86 per cent to $173 million and 212 per cent to $166.3 million respectively.

Similarly, imports from China, the US, and UAE grew by 90.94 per cent to USD 809.53 million, 89.45 per cent to $410.65 million and 164.55 per cent to about $400 million respectively.

India’s exports grew by 67.39 per cent to $32.21 billion in May, driven by healthy growth in sectors such as engineering, and petroleum products.

(With PTI inputs)



READ SOURCE

See also  Russian Orthodox Church says 'unacceptable' to turn Hagia Sophia into a mosque - Ifax

LEAVE A REPLY

Please enter your comment!
Please enter your name here