Home |Sitemap |FAQs |Contact Us
Product Country
Increase Font Size Decrease Font Size
Menu
Market News
 
India’s exports grow 33.16% to $7.63 b during Jan 1-7.
Jan 12, 2022

Commerce Ministry hopes to achieve the $400-billion export target for 2021-22
 
India’s exports continued to grow steadily in the first week of January 2022, posting a 33.16 per cent increase (year-on-year) to $7.63 billion, per preliminary weekly data shared by the Commerce & Industry Ministry.
 
Exports, excluding petroleum, increased in this period by 24.97 per cent compared to the same period of 2020-21, indicating that export growth was experienced in a number of sectors.
 
In December 2021, exports recorded the highest ever monthly performance of $37.29 billion, posting a growth of 37 per cent over the same month of the previous fiscal. The top sectors were petroleum, gems & jewellery, engineering products, pharmaceuticals, chemicals and textiles registering lead.
 
India’s imports, too, increased sharply by 38.06 per cent in December 2021 to $59.27 billion with trade deficit widening to $21.99 billion compared to $15.72 billion in December 2020.
 
Exports in the April-December 2021 period at $299.74 billion recorded a 48.85 per cent growth over exports in the same period of the previous fiscal.
 
The Commerce Ministry is positive about achieving the $400-billion export target set for 2021-22 although it is apprehensive that the fast spread of the Omicron variant of the Covid-19 virus could lead to problems related to shipping and container availability.
    
thehindubusinessline

Archive
 

Trade Leads

Directory's

APEDA Agri Exchange

News & Analysis

Contact

  • Agricultural and Processed Food Products Export Development Authority (APEDA)
    (Ministry of Commerce & Industry, Govt. of India)

  • NCUI Building 3, Siri Institutional Area, August Kranti Marg, New Delhi - 110 016
    Phone : 91-11-41486013, 20863919, 20867008, 20867007