India's export deficit widened to $26.42 billion in the month of April. This is the highest in the last 5 months. However, due to better performance of electronic and engineering goods, India's exports have jumped 9.03 percent to $38.49 billion. According to data released by the Commerce Ministry on Thursday, crude oil and fertilizer imports increased by 19.12 percent year-on-year in april and increased to $64.91 billion.
Due to increased imports, the trade deficit has increased the most after 2024. At that time it was $31.77 billion. The sectors in which exports have increased are - tobacco, coffee, marine products, tea, ready-made garments, rice, gems and jewellery, spices, petroleum products and medicines.
Trade deficit increased due to increase in imports
Export of electronics increased from 39.52 percent to 3.69. Export of engineering goods has increased by 11.28 percent to $ 9.51 billion. Similarly, the import of crude oil in the month of april has increased by 25.6 percent to $ 20.7 billion. On the other hand, the import of gold has increased by 4.86 percent to $ 3.09 billion.
According to the data, the value of service exports stood at $ 35.31 billion in the month of april, while it was $ 30.18 billion during the same month last year. While the estimated value of import of services was $ 17.54 billion in april 2025, while it was $ 16.76 billion in april last year.
Exports may increase further
Commerce Secretary sunil Barthwal says that he hopes that india will maintain the pace of its exports in this way and this will prove to be a good year despite global uncertainties. He said that the strategy of focusing on twenty countries and six commodities is yielding positive results. Along with this, the Commerce Ministry will continue to focus on this. He said that free trade agreements with many countries are going to be finalized soon..jpg)
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