Trade Deficit Widens To $14.12 Billion In March With Highest Ever Export

Trade Deficit In March 2021: Merchandise export in March was $34 billion, compared to $21.49 billion over the corresponding period last year, registering a growth of 58.23 per cent.

The country's trade deficit in goods widened to $14.12 billion in March 2021, as compared to $12.88 billion in February 2021, with exports recorded at an all-time high of $34 billion - the highest ever in terms of value and growth for any month in India's history. Merchandise export in March 2021 was $34 billion, compared to $21.49 billion over the corresponding period last year, registering a growth of 58.23 per cent. Export excluding petroleum oil and lubricant (POL), also increased in March 2021, over the corresponding period last year, registering a growth of 62.3 per cent. (Also Read: Imports Rise 7% To $40.55 Billion In February, Trade Deficit Widens To $12.88 Billion ) On the other hand, imports in March 2021 were $ 48.12 billion, compared to $31.47 billion in the corresponding month last year, registering a growth of 52.89 per cent. Imports including petroleum also increased by 77.12 per cent. Meanwhile, during the fourth week of March 2021, merchandise export was $10.7 billion, compared to $3.05 billion in the same month last year, registering a growth of 250.47 per cent. Export excluding petroleum oil and lubricant (POL), also increased in the fourth week last month by 280.01 per cent.