Exports rises 24% to $9.4 billion during June 1-7, Imports up 77%

Led by engineering goods, gems and jewellery, and petroleum products, India's exports rose 24.18% year-on-year to $9.4 billion in the first week of June, officials said on Wednesday.

Imports during June 1-7 were $16 billion, 76.9% higher than the year-ago period, leaving a trade deficit of $6.6 billion, they said.

"Around 80% of export growth came from non-petroleum products while 80% of import growth came from natural resources such as petroleum, coal and gold," said an official.


Outbound shipments were $7.56 billion in the first week of June 2021.

India's goods exports had grown 15.46% on year to $37.29 billion in May.

During June 1-7, outbound shipments of gems and jewellery, engineering goods, petroleum products, and electronic goods grew 84.3%, 25.7%, 20.4% and 73.5%, respectively.

However, plastic and linoleum exports decreased 27.3% on year.

Major import goods that witnessed growth include petroleum, crude, coal, coke and briquettes, gold and chemicals.

Gold imports rose 391.9% in the first week of June while those of petroleum and coal were up 207% and 253.8%, respectively.