This article is more than 1 month old.

India's exports jump 69.35% to $32.27 bn in May; trade deficit at $6.28 bn

Mini

According to government data released on Tuesday, the rise in export was driven by healthy growth in sectors such as engineering, petroleum products and gems and jewellery, even as trade deficit widened to $6.28 billion.

India's exports jump 69.35% to $32.27 bn in May; trade deficit at $6.28 bn
India's exports rose by 69.35 per cent to USD 32.27 billion in May, driven by healthy growth in sectors such as engineering, petroleum products and gems and jewellery, even as trade deficit widened to USD 6.28 billion, according to government data released on Tuesday. Exports in May last year stood at USD 19 billion, and in May 2019 it was at USD 29.85 billion, the data showed.
Imports too grew in May 2021 by 73.64 per cent to USD 38.55 billion, from USD 222 billion in the same month a year ago -- leaving a trade deficit for the month being reviewed at USD 6.28 billion. In May 2019, imports stood at USD 46.68 billion. Trade deficit in May 2020 stood at USD 3.15 billion. Exports during April-May this year jumped to USD 62.89 billion, as against USD 29.41 billion in the same period last year. Imports during April-May 2021 were recorded at USD 84.27 billion, an increase from USD 39.32 billion in the same two months of 2020. The trade deficit during the said period came in at USD 21.38 billion as against USD 9.91 billion in April-May 2020.
Oil imports during May 2021 rose to USD 9.45 billion, as compared to USD 3.49 billion in the same month of 2020. Gold imports increased to USD 679 million during the month under review from USD 76.31 million in May 2020. Exports of engineering, petroleum products and gems and jewellery in May stood at USD 8.64 billion, USD 5.33 billion and USD 2.96 billion, respectively.

Market Movers

CompanyPriceChng%Chng
Titan Company1,772.95 58.40 3.41
Shree Cements29,215.15 949.40 3.36
Eicher Motors2,602.45 72.20 2.85
Grasim1,594.90 43.55 2.81
BPCL457.80 12.30 2.76
CompanyPriceChng%Chng
Titan Company1,773.50 59.00 3.44
M&M758.05 14.85 2.00
Reliance2,072.75 37.35 1.84
Axis Bank721.00 12.00 1.69
TCS3,221.05 53.55 1.69
CompanyPriceChng%Chng
UPL791.15 -17.40 -2.15
Tata Steel1,410.50 -23.80 -1.66
Bajaj Finserv14,116.75 -105.45 -0.74
NTPC117.80 -0.40 -0.34
Bajaj Finance6,204.80 -23.30 -0.37
CompanyPriceChng%Chng
Tata Steel1,410.65 -23.10 -1.61
Bajaj Finserv14,111.65 -109.65 -0.77
Bajaj Finance6,203.40 -25.50 -0.41
NTPC117.70 -0.50 -0.42
HDFC Bank1,423.45 -2.35 -0.16

Currency

CompanyPriceChng%Chng
Dollar-Rupee74.3275-0.0825-0.11
Euro-Rupee88.34600.15300.17
Pound-Rupee103.41200.12800.12
Rupee-100 Yen0.6779-0.0008-0.11