Exports up 20.55% to $38.94 billion in May
India’s merchandise exports grew 20.55 percent to $38.94 billion in May, while the trade deficit widened to a record $24.29 billion in May, according to government data released on Wednesday, June 15, 2022.
The data shows that during May 2022, imports grew by 62.83 percent to $63.22 billion.
The trade deficit in the same month last year was $6.53 billion.
Cumulative exports grew by nearly 25 per cent to $78.72 billion in April-May 2022-23.
Imports grew by 45.42 per cent to $123.41 billion in April-May 2022-23.
The trade deficit widened to $44.69 billion during the first two months of the current fiscal, from $21.82 billion in the year-ago period.