Trade Deficit India Merchandise Trade Deficit December

India Merchandise Trade Deficit: Bad news related to the country’s export business is coming out. Union Ministry of Commerce of the Central Government has released the figures of the country on Monday. According to media reports, a decline has been registered in the exports of the country in the month of December of the current financial year 2021-22. It is known that right now many countries of the world are facing global challenges. Its effect can be seen directly on India’s export business. You can read the figures in this news…

12.2 percent loss

According to the latest data, the country’s exports declined by 12.2 percent to $ 34.48 billion in December of the current financial year 2021-22. At the same time, the trade deficit has increased to $ 23.76 billion. Last month, imports declined by 3.5 percent to $58.24 billion. Which was $ 60.33 billion in the month of December 1 year ago.

Last year in 2021 this much business

A year ago, in December 2021, exports were $ 39.27 billion, while the trade deficit at that time was $ 21.06 billion. During April-December in the current financial year, the country’s total exports increased by 9 percent to $332.76 billion. In the same period, imports have increased by 24.96 percent to reach $ 551.7 billion. Due to this, the merchandise trade deficit has been estimated to be $ 218.94 billion in the first 9 months of the current financial year, which was $ 136.45 billion in the same period a year ago.

increased import of crude oil

Crude oil imports increased by 45.62 per cent to $163.91 billion in the first nine months of the current financial year from $112.56 billion in the same period a year ago. Similarly, the import of coal, coke and ‘briquettes’ has almost doubled to $40.55 billion in April-December of the financial year 2022-23, compared to $21.66 billion in the same period a year ago. Engineering goods exports declined by nearly 12 per cent to $9.08 billion in December, while gems and jewelery exports declined by 15.2 per cent to $2.54 billion.

The inputs in this news have been taken from the language..

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