Exports Jumped 46.43% To $14.06 Billion Between June 1-14 On Shipment Growth

Trade Deficit Data In June 2021: The country's exports rose by 46.43 per cent to $14.06 billion during June 1-14, tracking growth in shipments across sectors such as engineering, gems and jewellery and petroleum products. According to preliminary data released by the Ministry of Commerce, imports also rose by 98.33 per cent to $19.59 billion during the same period. (Also Read: Exports Jump 69% To $32.27 Billion In May, Trade Deficit Widens To $6.28 Billion )

During the first week of the month, exports grew by 52.39 per cent to $7.71 billion, and by about 40 per cent to $6.35 billion during the second week of this month, showed the government data. Exports during April-May in this fiscal year rose to $ 62.89 billion, compared to $29.41 billion in the corresponding period last year. 

In May 2021, the country's trade deficit in goods widened to $6.28 billion, from $3.15 billion during the corresponding month last year, according to government data released on Tuesday, June 15. 

Meanwhile, last month, exports stood at $32.27 billion, compared to $19.05 billion in the corresponding month of 2020, witnessing a growth of 69.35 per cent. The growth in exports during the month was driven by engineering, petroleum products, and gems and jewellery sectors.

In April 2021, exports jumped three-fold to $ 30.63 billion from $10.36 billion in the same month last year, according to foreign trade data released by the government. 

Analysts say that the sharp rise in exports and imports registered in both April and May this year is due to a low base in trade volumes in the year-ago period when the country was under the nationwide lockdown to contain the spread of the COVID-19 pandemic.