India's Merchandise Exports Rise By 24.22 Per Cent To Record $38.19 Billion In April

India's merchandise export in the month of April rose by 24.22 per cent to to $38.19 billion.

"The monthly value of merchandise export in April 2022 amounting $38.19 billion, an increase of 24.22 per cent over $30.75 billion in April 2021," according to a Commerce Ministry release.

The ministry said that the value of non-petroleum exports in April 2022 was $30.46 billion, registering a positive growth of 12.32 per cent over non-petroleum exports of $27.12 billion in April 2021.

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 2022, the ministry said.

Meanwhile, India’s merchandise import in April 2022 was $58.26 billion, an increase of 26.55 per cent over $46.04 billion in April 2021.

"Value of non-petroleum imports was USD 38.75 billion in April 2022 with a positive growth of 9.87 per cent over non-petroleum imports of $35.27 billion in April 2021," the ministry said.

The trade deficit in April 2022 was $20.07 billion, an increase of 31.23 per cent over $15.29 billion in April last year.