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The country’s merchandise exports rose by 47.9% as compared to the same period last year. According to the data released by the Commerce and Industry Ministry on August 2, outbound trade rose to $35.17 billion in July. Imports during the month also rose by 59.38% to $46.40 billion.

Official statistics show exports of processed petroleum saw the biggest growth in July as exports more than doubled.

With a 215% growth, petroleum exports helped earn $3.8 billion more in July. This was followed by $2.8 billion more worth of engineering goods which rose 42% and $1.9 billion more worth of gems and jewellery which rose by 130%.

However, exports of oilseeds, rice and meat, dairy and poultry products recorded negative growth in the month under review.

Imports of petroleum, crude, and products soared by 97% to $6.35 billion while imports of gold zoomed 135.5% to $2.42 billion.

However, imports of transport equipment, project goods and silver posted negative growth in the month.

Exports during April-July 2021-22 rose by 73.86% YoY to $130.56 billion as against $75.10 billion in the same period last year.

Published: August 2, 2021, 21:00 IST

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