Exports jumped by 45% to $33.14 billion in August
Imports in August increased by 51.47% to $47.01 billion, as against $31.03 billion in August 2020.
When the container crisis began, shipping lines began to remove empty containers from the port in order to meet demand in other destinations. But intervention of port authorities has eased the situation a bit.
India’s exports stood at $33.14 billion in August. It witnessed a jump of 45.17% against $22.83 billion in August 2020, according to the commerce ministry’s provisional data.
During April-August 2021, the exports stood at $163.67 billion. It saw an increase of 66.92% over $98.05 billion in April-August 2020, the data showed.
Imports in August increased by 51.47% to $47.01 billion, as against $31.03 billion in August 2020.
From April to August the imports rose by 81.75% to $219.54 billion.
In August 2021, the trade deficit was $13.87 billion, compared to USD 8.2 billion in the year-ago period.
Published: September 2, 2021, 18:22 IST
Download Money9 App for the latest updates on Personal Finance.
