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

The nation’s exports (Merchandise and Companies mixed) in December 2021 surged 38.91 per cent on an annual foundation to USD 37.81 billion resulting from wholesome efficiency by sectors equivalent to engineering, textiles and chemical substances, even because the commerce deficit widened to USD 21.68 billion through the month, the federal government information confirmed on Friday.

Imports in December 2021 too elevated 38.55 per cent to USD 59.48 billion.

Throughout April-December 2021-22, exports rose 49.66 per cent to USD 301.38 billion.

Imports through the interval surged 68.91 per cent to USD 443.82 billion, leaving a commerce deficit of USD 142.44 billion, the information confirmed.

“Merchandise exports in December 2021 had been USD 37.81 billion, as in comparison with USD 27.22 billion in December 2020, exhibiting a constructive progress of 38.91 per cent. As in comparison with December 2019, exports in December 2021 exhibited a constructive progress of 39.47 per cent,” the commerce ministry mentioned in an announcement.