Exports rise 38.91% to $37.81 billion in December; trade deficit widens to $21.68 billion: Govt data

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NEW DELHI: The country’s exports in December 2021 surged 38.91 per cent on an annual basis to $37.81 billion, the highest-ever monthly figure, due to healthy performance by sectors such as engineering, textiles and chemicals, even as the trade deficit widened to $21.68 billion during the month, government data showed on Friday.
Imports in December 2021 also increased 38.55 per cent to $59.48 billion, on account of an increase in petroleum and crude oil imports, which soared 67.89 per cent to $16.16 billion.
Gold imports expanded by 5.43 per cent to $4.72 billion.
During April-December 2021-22, exports rose 49.66 per cent to $301.38 billion.
Imports during the period surged 68.91 per cent to $443.82 billion, leaving a trade deficit of $142.44 billion, the data showed. The trade deficit in December 2020 was $15.72 billion.
“Merchandise exports in December 2021 were $37.81 billion, as…

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