India's Apr 2022 RMG exports worth $1510.77 mn; 16.42% YoY growth

The country’s merchandise exports in April this year were worth $38.19 billion—a rise of 24.22 per cent over $30.75 billion in April last year. Merchandise imports in April were worth $58.26 billion—an increase of 26.55 per cent over $46.04 billion in April 2021. The trade deficit in April was $20.07 billion, the ministry of commerce and industry said recently.

Value of non-petroleum exports in April 2022 was $30.46 billion, registering a growth of 12.32 per cent over similar exports worth $27.12 billion in the same month last year.

Petroleum products (113.21 per cent), electronic goods (64.04 per cent) and chemicals (26.71 per cent) led the way in high increase in exports during April this year.

The value of non-petroleum imports was $38.75 billion in April, registering a positive growth of 9.87 per cent over similar imports worth $35.27 billion in April last year.

ALCHEMPro News Desk (DS)