Exports grow by 2.14% to US$ 36.27 billion in July

Imports rose by 43.61%

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.