{"id":46527,"date":"2022-06-03T08:00:00","date_gmt":"2022-06-03T02:30:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=46527"},"modified":"2022-06-03T07:26:20","modified_gmt":"2022-06-03T01:56:20","slug":"biz-2nd-ld-exports-2","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-2nd-ld-exports-2\/","title":{"rendered":"Exports up 15.46% to USD 37.3 bn in May; trade deficit balloons to USD 23.33 bn"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2762870062\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>India&#8217;s merchandise exports in May rose by 15.46 per cent &#8212; the slowest in the last 15 months &#8212; to USD 37.29 billion, while the trade deficit ballooned to USD 23.33 billion, the commerce ministry said on Thursday.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1365149563\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p>The previous low was February 2021, when the country&#8217;s exports grew by 0.67 per cent.<\/p>\n<p>Imports during May 2022 grew by 56.14 per cent to USD 60.62 billion.<\/p>\n<p>The trade deficit stood at USD 6.53 billion in the same month last year.<\/p><div class=\"trade-content_5\" id=\"trade-2197184198\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p>&#8220;India&#8217;s merchandise export in April &#8211; May 2022-23 was USD 77.08 billion with an increase of 22.26 per cent over USD 63.05 billion in April -May 2021-22,&#8221; it said.<\/p>\n<p>Petroleum and crude oil imports during May 2022 surged by 91.6 per cent to USD 18.14 billion.<\/p>\n<p>Coal, coke and briquettes imports jumped to USD 5.33 billion, as against USD 2 billion in May 2021.<\/p>\n<p>Gold imports increased to USD 5.82 billion during the month under review, from USD 677 million in May 2021.<\/p>\n<p>Cumulative imports in April-May 2022-23 rose by 42.35 per cent to USD 120.81 billion.<\/p>\n<p>Trade deficit during the first two months of this fiscal widened to USD 43.73 billion as against USD 21.82 billion earlier.<\/p><div class=\"trade-content-10\" id=\"trade-958095527\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p>Engineering goods exports in May increased by 7.84 per cent to USD 9.3 billion, while petroleum products exports grew by 52.71 per cent to USD 8.11 billion.<\/p>\n<p>Gems and jewellery exports stood at USD 3.1 billion in May against USD 2.96 billion in the same month last year.<\/p>\n<p>Exports of chemicals rose by 12 per cent to USD 2.5 billion in May.<\/p>\n<p>Similarly, shipments of pharma and ready-made garments of all textiles grew by 5.78 per cent and 23 per cent to USD 1.98 billion and USD 1.36 billion respectively during the month under review.<\/p>\n<p>Commenting on the figures, Federation of Indian Export Organisations (FIEO) Director General Ajay Sahai said the trade deficit is a cause of concern due to rise in import of gold.<\/p>\n<p>&#8220;But we hope that rising gold imports will lead to an increase in exports of gems and jewellery,&#8221; he added. PTI RR ABM ABM<\/p>\n<div class=\"trade-after-content\" id=\"trade-3344328697\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>India&#8217;s merchandise exports in May rose by 15.46 per cent &#8212; the slowest in the last 15 months &#8212; to USD 37.29 billion, while the trade deficit ballooned to USD 23.33 billion, the commerce ministry said on Thursday. The previous low was February 2021, when the country&#8217;s exports grew by 0.67 per cent. Imports during [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":14758,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1697,31,1789],"tags":[],"class_list":["post-46527","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-news","category-trending-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Exports up 15.46% to USD 37.3 bn in May; trade deficit balloons to USD 23.33 bn - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-2nd-ld-exports-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Exports up 15.46% to USD 37.3 bn in May; trade deficit balloons to USD 23.33 bn\" \/>\n<meta property=\"og:description\" content=\"India&#8217;s merchandise exports in May rose by 15.46 per cent &#8212; the slowest in the last 15 months &#8212; to USD 37.29 billion, while the trade deficit ballooned to USD 23.33 billion, the commerce ministry said on Thursday. 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