New Delhi, May 3 (FN Agency) Continuing the growth momentum, India’s merchandise export rose 24.22% in April, 2022 to $ 38.19 billion as compared to $ 30.75 billion in the corresponding month last year. Petroleum products, electronic goods and chemicals were among the key items which drove the high growth in exports during April. Merchandise import in April 2022 was $ 58.26 billion, an increase of 26.55% over US$ 46.04 billion in April 2021.
The trade deficit in April 2022 was $ 20.07 billion. As per the data released by Commerce Ministry on Tuesday, engineering goods exports in April this year grew 15% year-on-year to $ 9.2 billion. Petroleum products exports jumped 113% year-on-year to $ 7.7 billion in April. Gems and jewellery exports, however, declined 2% year-on-year to $ 3.3 billion during this period.