Press "Enter" to skip to content

India’s trade deficit jumps 74.69% YoY to $6.32 billion in May: Govt data – Economic Times

India’s trade deficit in goods was $6.32 billion in April, preliminary data released by the government on Wednesday showed.

Merchandise exports rose to $32.21 billion for the month from $19.24 billion a year earlier, while imports rose to $38.53 billion from $22.86 billion, the data showed.

India is thus a net importer in May 2021 with a trade deficit of USD 6.32 billion, an increase of 74.69% over trade deficit of USD 3.62 billion in May 2020 and reduction by 62.49% over trade deficit USD 16.84 billion in May 2019.

Value of non-petroleum exports registered a positive growth of 54.06% to USD 26.94 billion. The value of non-petroleum and non-gems and jewellery exports in May 2021 was USD 23.97 billion, registering a positive growth of 45.96% over USD 16.42 billion in May 2020.

Oil imports rose to USD 9.45 billion YoY but registered a negative growth of 24.94 compared to USD 12.59 billion in May 2019.