Have exports gone up sharply in the month of August 2021?

As suggested in the early estimates put out by the Ministry of Commerce, exports have been robust in August also. The trade has been showing a revival in the last 2-3 months and August continues that trend. Experts were up 45.76% you at $33.28 billion for Aug-21. However, this yoy growth could be more due to the base effect. On a month-on-month sequential basis, the exports were largely flat, as has been the trend in last 3 months.

However, Imports of merchandise goods surged 51.72% to a level of $47.09 billion. This resulted in merchandise trade deficit of $13.81 billion for the month of August 2021. For the first five months of the fiscal year ended 2021-22, exports were up by nearly 67.33% at $164.10 billion. At the same time, imports were sharply up 80.9% at $219.63 billion, with the trade deficit for the first five months at $55.53 billion.