Exports jump 69% to $32.27 bn in May

New Delhi, June 15

India’s exports rose by 69.35% to $32.27 billion in May, driven by healthy growth in sectors such as engineering, petroleum products and gems and jewellery, even as trade deficit widened to $6.28 billion, according to government data released on Tuesday. Exports in May last year stood at $19 billion, and in May 2019 it was at $29.85 billion, the data showed.

Imports too grew in May 2021 by 73.64% to $38.55 billion, from $22 billion in the same month a year ago — leaving a trade deficit for the month being reviewed at $6.28 billion.

In May 2019, imports stood at $46.68 billion. Trade deficit in May 2020 stood at $3.15 billion.

Exports during April-May jumped to $62.89 billion, as against $29.41 billion in the same period last year. Imports during April-May were recorded at $84.27 billion. — PTI