The nation’s exports in April 2021 jumped practically three-fold to $ 30.63 billion from $10.36 billion within the corresponding month final 12 months, in response to authorities information launched on Friday, May 14. Foreign commerce information launched by the Ministry of Commerce confirmed that imports rose to $ 45.72 billion final month as in opposition to $ 17.12 billion in the identical month final 12 months. Subsequently, the commerce deficit widened to $15.10 billion in April 2021, in comparison with $6.76 billion within the year-ago interval.
The sharp rise in exports and imports registered in April 2021 was on account of a low base in commerce volumes within the corresponding month final 12 months when the nation was underneath a nationwide lockdown as a way to arrest the unfold of COVID-19.
Some of the principle export commodities which have recorded progress final month embrace jute, carpet, leather-based, handicrafts, oil meals, petroleum merchandise, chemical compounds, gems and jewelry, carpet, digital items, cashew, marine merchandise, in response to authorities information.
