New Delhi: India’s exports touched $ 8.4 billion during the first week of July, up nearly 35% of the appropriate period in 2019-20 and 63% higher than a year ago, when the business has been affected due to national locking.
At the same time, imports touched $ 11.5 billion – 29% higher than the appropriate period in FY20 and 95% more than a year ago – according to the latest data available with the government.
Export growth was led by petroleum products, which rose 65% at a global price that jumped, while the value of inorganic goods and inorganic chemicals sent from each country rose 50% and 36%.
Some increases were balanced by the decline in leather & leather goods exports, which fell 16%, and electronic goods (4% decrease).
Shipping to China soared along with them and Indonesia.
In front of imports, the increase was driven by gold, whose shipment rose 365% above the FY20 level and crude oil (39%) and vegetable oil, which almost doubled, partly due to higher prices.