Indian faced trade deficit at $9.37 billion in June, 2021

India’s exports rose by 48.34 per cent to $32.5 billion in June, 2021 on account of healthy growth in shipments of petroleum products, gems and jewellery, and chemicals, even as trade deficit stood at $9.37 billion.

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Imports in June too rose by 98.31 per cent to $41.87 billion, leaving a trade deficit of $9.37 billion as against a trade surplus of $0.79 billion in the same month last year.

During April-June 2021, the exports increased by 85.88 per cent to $95.39 billion. Imports expanded to $126.15 billion during the first three months of the fiscal as against $60.44 billion in the same period last year, the data showed.

Oil imports in June were $10.68 billion, which were 116.51 per cent higher compared to $4.93 billion in June 2020. During April-June 2021, the imports stood at $31 billion as against $13.08 billion during the same quarter previous fiscal.