August 16, 2022
Imports in July amounted to US$ 66.21 billion
Exports have decreased by 0.76% to US$ 35.24 billion this July
Trade deficit increased to about US$ 30 billion during the month
In July 2021, the trade deficit was US$ 10.63 billion
India’s exports increased by 2.14% to US$ 36.27 billion in July this year, according to government data.
Imports, on the other hand, rose by 43.61% to US$ 66.21 billion in July 2022, compared to the same month, last year.
According to preliminary data, exports have decreased by 0.76% to US$ 35.24 billion this July, compared to US$ 35.51 billion in the same month last year.
The trade deficit increased to approximately US$ 30 billion during the month, compared to US$ 10.63 billion in July 2021. It was fuelled by a 70% increase in oil imports.