October exports 5% higher than previous month, deficit cools
The Hindu
Coal and gold imports more than doubled during October, rising by nearly 119% and 104%, respectively, from a year ago
India’s merchandise exports were $35.47 billion in October, 35.2% higher than the pre-pandemic level of 2019 and 42.3% above the same month in 2020. However, imports grew faster to $55.37 billion, 62.5% higher than a year ago and 45.8% over October 2019.
On a month-on-month basis, October’s merchandise exports were almost 5% higher than September’s $33.8 billion figure, as per preliminary estimates released by the Commerce and Industry Ministry on Monday.
Coal and gold imports more than doubled during October, rising by nearly 119% and 104%, respectively, from a year ago. Imports of vegetable oil also jumped almost 60% from October 2020.
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