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.
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.