India's exports jump 52.39% to $7.71 bn during June 1-7; imports up 83%

PTIUpdated: Wednesday, June 09, 2021, 12:12 PM IST
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Sectors such as engineering, gems and jewellery and petroleum products did well in exports |

India's exports grew by 52.39 percent to $7.71 billion during the first week of this month on account of healthy growth in shipments in sectors including engineering, gems and jewellery and petroleum products, according to preliminary data of the commerce ministry.

Imports, too, rose by about 83 percent to $9.1 billion during June 1-7.

Exports of engineering, gems and jewellery and petroleum products increased by 59.7 percent to $741.18 million, 96.38 percent to $297.82 million and 69.53 percent to $530.62 million respectively, the data showed.

However, exports of iron ore, oil seeds and spices recorded negative growth during June 1-7.

Imports of petroleum and crude oil jumped by 135 percent to $1.09 billion. Imports of electronic goods and pearls, precious and semi-precious stones increased by 45.85 per cent to $324.77 million and 111 percent to $294 million respectively.

Exports to the US, UAE and Bangladesh rose by about 60 per cent to $500 million, 57.86 percent to $173 million and 212 percent to $166.3 million respectively.

Similarly, imports from China, the US, and UAE grew by 90.94 percent to $809.53 million, 89.45 percent to $410.65 million and 164.55 percent to about $400 million respectively.

India's exports grew by 67.39 percent to $32.21 billion in May, driven by healthy growth in sectors such as engineering, and petroleum products.

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