Exports skyrocket in first week of May

  • Home
  • /
  • Exports skyrocket in first week of May

According to preliminary data from the Ministry of Commerce & Industry, Indias exports grew by 80 per cent to a value of $7.04 billion during the first week of this month, thus continuing the recent trends,reports said.

The major export commodities recording healthy growth included gems and jewellery, jute, carpets, handicrafts, leather, electronic goods, oil meals, cashew, engineering goods, petroleum products, marine products and chemicals.Exports during May 1-7 last year stood at $3.91 billion and $6.48 billion in the same week of May 2019, data showed.

Imports too surged, by 80.7 per cent to $8.86 billion, during May 1-7, 2021 as against $4.91 billion in the same period last year and $10.39 billion in 2019, the reports added.