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Exports up 195% y-o-y to $30.63 bn in April
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SME Times News Bureau | 14 May, 2021
The low base effect powered India's merchandise exports to grow by over 195 per cent on year-on-year basis last month.
In April 2021, exports grew to $30.63 billion, higher by 195.72 per cent over the $10.36 billion reported in April 2020.
"As
compared to April 2019, exports in April 2021 exhibited a positive
growth of 17.62 per cent in dollar terms and 26.17 per cent in rupee
terms," an official statement on foreign trade said.
"Non-petroleum
and non-gems and jewellery exports in April 2021 were $23.62 billion,
as compared to $9.08 billion in April 2020, registering a positive
growth of 160.24 per cent."
As compared to April 2019, the
non-petroleum and non-gems and jewellery exports in April 2021
registered a positive growth of 20.47 per cent.
Similarly,
India's merchandise imports grew in April 2021, rising to $45.72
billion, with an increase of 167.05 per cent over $17.12 billion in
April 2020.
"Imports in April 2021 has registered a positive
growth of 7.87 per cent in dollar terms and 15.71 per cent in rupee
terms in comparison to April 2019."
"Oil imports in April 2021
were $10.87 billion which was 133.24 per cent higher in dollar terms
compared to $4.66 billion in April 2020. As compared to April 2019, oil
imports in April 2021 were 5.98 per cent lower in dollar terms and 0.85
per cent higher in rupee terms."
According to the data, non-oil
imports in April 2021 were estimated at $34.85 billion which was 179.70
per cent higher in dollar terms compared to $12.46 billion in April
2020.
"As compared to April 2019, non-oil imports in April 2021
were 13.07 higher in dollar terms and 21.28 per cent higher in rupee
terms."
"Non-oil and non-gold imports were $28.61 billion in
April 2021, recording a positive growth of 129.68 per cent, as compared
to non-oil and non-gold imports of $12.46 billion in April 2020. Non-oil
and non-gold imports in April 2021 recorded a positive growth of 6.56
per cent over April 2019."
Consequently, the trade deficit in April 2021 rose to $15.10 billion over $6.76 billion in April 2020.
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Customs Exchange Rates |
Currency |
Import |
Export |
US Dollar
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66.20
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64.50 |
UK Pound
|
87.50
|
84.65 |
Euro
|
78.25
|
75.65 |
Japanese
Yen |
58.85 |
56.85 |
As on 13 Aug, 2022 |
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