The country's exports rose by 50.45 per cent to $7.41 billion during August 1-7, on account of healthy growth in the shipments of engineering goods, gems and jewellery as well as petroleum products, according to provisional commerce ministry data.
Based on data from 1st -7th Aug, 2021, the value of export is 7.41 billion USD, up by 50.45% over the same period of 2020-21 & up by 27.51% over same period of 2019-20. Export excluding POL, has also increased in this period by 42.98% over same period of 2020-21: Govt of India— ANI (@ANI) August 10, 2021
Imports during the week too grew by about 70 per cent to $10.45 billion, leaving a trade deficit of $3 billion.
Exports of engineering goods increased by 63 per cent to $834 million. Similarly, the outbound shipments of gems and jewellery rose by 121 per cent to $ 418 million. For petroleum products exports increased 145 per cent to $522 million, the data showed.
However, exports of iron ore, oil meals and oil seeds recorded negative growth.
Oil imports during August 1-7, jumped by about 141 per cent to $1.80 billion. Similarly, imports of electronic goods rose by nearly 31 per cent to $ 308 million.
Gold imports during the period declined by 12.48 per cent to $100 million.
Exports to the US, UAE and Saudi Arab grew by 48.4 per cent to $ 462.7 million, 70 per cent to $ 209-7 million, and 180 per cent to about $ 164 million, respectively
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