Growing for the fifth consecutive month, India's exports jumped nearly three-fold to $30.63 billion in April 2021 over the same period of last year, on account of healthy growth in sectors like gems and jewellery and engineering. Trade deficit during the month widened to $15.10 billion from $6.76 billion in April 2020.
As per the data released by the Commerce Ministry, exports surged by 195.72% to $30.63 billion in April 2021, as compared to $10.36 billion in April 2020. In Rupee terms, exports were Rs. 2,28,071.76 crore in April 2021, as compared to Rs. 78,951.41 crore in April 2020, registering a positive growth of 188.88%. Non-petroleum and Non-Gems and Jewellery exports in April 2021 were $23.62 billion, as compared to $9.08 billion in April 2020, registering a positive growth of 160.24%.
On the other hand, imports increased by 167.05% to $45.72 billion in April 2021 as compared to $17.12 billion in April 2020, while in rupee terms it was up by 160.87% to Rs 3,40,505.06 crore from Rs 1,30,525.08 crore in April 2020.
Oil imports in April 2021 were $10.87 billion, which was 133.24% higher, compared to $4.66 billion in April 2020. Non-oil imports in April 2021 were estimated at $34.85 billion which was 179.70% higher, compared to $12.46 billion in April 2020. Non-Oil and Non-Gold imports were $28.61 billion in April 2021, recording a positive growth of 129.68%, as compared to Non-Oil and Non-Gold imports of $12.46 billion in April 2020.