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India’s merchandise exports rose by 15.46 per cent to USD 37.29 billion in Could on account of wholesome efficiency by sectors like petroleum merchandise, digital items and chemical compounds, even because the commerce deficit widened to USD 23.33 billion through the month, the commerce ministry stated on Thursday.
Imports through the month too grew by 56.14 per cent to USD 60.62 billion.
The commerce deficit in Could 2021 stood at USD 6.53 billion.
“India’s merchandise export in April – Could 2022-23 was USD 77.08 billion with a rise of twenty-two.26 per cent over USD 63.05 billion in April -Could 2021-22,” it stated.
Petroleum and crude oil imports throughout Could 2022 surged by 91.6 per cent to USD 18.14 billion.
Coal, coke and briquettes imports jumped to USD 5.33 billion, as in opposition to USD 2 billion in Could 2021.
Gold imports elevated to USD 5.82 billion through the month beneath evaluate, from USD 677 million in Could 2021.
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