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Overall exports in May rise 24% year-on-year
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IANS | 15 Jun, 2022
India's overall exports in May, merchandise and services combined, were
estimated to be worth $62.21 billion, exhibiting a positive growth of
24.03 per cent over the same period last year, an official statement
said on Wednesday.
Breaking it up, the merchandise
exports in May were at $38.94 billion, as compared to $32.30 billion in
May 2021, and the estimated value of services export is $23.28 billion,
as against $17.86 billion in the same month last year.
During
April-May, the first two months of FY23, India's overall exports were
estimated to be worth $124.59 billion, up 25.90 per cent over the same
period last fiscal.
On the contrary, the overall imports in May
were estimated to be $77.65 billion, exhibiting a positive growth of
59.19 per cent over the same period last year, while the overall imports
in April-May were at $151.89 billion, up 45.44 per cent year on year.
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| Customs Exchange Rates |
| Currency |
Import |
Export |
US Dollar
|
66.20
|
64.50 |
UK Pound
|
87.50
|
84.65 |
Euro
|
78.25
|
75.65 |
| Japanese
Yen |
58.85 |
56.85 |
| As on 04 Jul, 2022 |
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