Exports rise 45% to $33.14 billion in August, imports up 51.47% to $47.01 billion

The trade deficit was $13.87 billion in August this year, compared to $8.2 billion in the corresponding month of 2020.

An employee walks past shipping containers at the Jawaharlal Nehru Port in Navi Mumbai | Representational Image | Photographer: Dhiraj Singh/Bloomberg

New Delhi: India’s exports jumped 45.17% to USD 33.14 billion in August as against USD 22.83 billion in the same month last year, according to the commerce ministry’s provisional data.

The exports during April-August 2021 stood at USD 163.67 billion, an increase of 66.92% over USD 98.05 billion in the same period a year ago, the data showed.

Imports in August rose 51.47% to USD 47.01 billion, as against USD 31.03 billion in the corresponding month of 2020.

Imports during April-August this fiscal rose by 81.75% to USD 219.54 billion.

The trade deficit in August 2021 was USD 13.87 billion, compared to USD 8.2 billion in the year-ago period.