India recorded exports worth $35.2 billion in July 2021, the highest ever monthly achievement, which showed an increase of 47.91 per cent over $23.78 billion in July 2020 and an increase of 34.06 per cent over $26.23 billion in July 2019.
According to figures released by the Ministry of Commerce, merchandise imports also went up to $46.4 billion in July 2021, leading to the trade deficit widening to $11.2 billion during the month.
-
Indian Markets Turning Corner After Two Tough Years, Says Sandeep Tandon -
NDTV Profit Ignite 2026: Experts See Opportunity In Equities, Stay Bullish For Long-Term -
Buy Right, Sit Tight Does Not Work for Individual Stocks, Says Dinshaw Irani -
'Worst Is Behind': Quant MF Sees Market Bottom, Flags 'Extreme Euphoria' In Midcaps -
India's Mutual Fund Industry Could Become A $1 Trillion Opportunity, Say Fund Managers -
'Foreign Investors Are Baraatis': Raamdeo Agrawal's Take On LTCG Tax -
Stay Invested Through Market Cycles: Raamdeo Agrawal at NDTV Profit Ignite -
Ramesh Damani Remains Bullish On India For Next 20-30 Years, Sees Bargains Amid Market Weakness -
CAS Came After A Long Consultation Process: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFIT IGNITE -
Aim To Cut FPI Onboarding Time From Mth To Five Days: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFI
Top five commodity groups of export which recorded positive growth during July 2021 vis-à-vis July 2020 are petroleum products (215.68 per cent), gems and jewellery (130.44 per cent), other cereals (70.25 per cent), man-made yarn and fabrics (58.67 per cent) and cotton yarn and fabrics (48.02 per cent).
Also Read | Layoffs Are Rising In Tech, But These Skills Are Helping People Unlock Better Pay
Exports remained above $30 billion for the fifth consecutive month in July with the previous peak in March at $34.5 billion.
In terms of value, the maximum increase in exports were to the US ($6.7 billion), the UAE ($2.4 billion) and Belgium ($826 million), while exports to Malaysia, Iran and Tanzania witnessed maximum fall.
The maximum increase in imports were from the UAE ($3.4 billion), Iraq ($2.7 billion) and Switzerland ($2.2 billion), while imports from France, Germany and Kazakhstan declined the most in the month.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
