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July exports increased 48 units to $ 35.17 billion, imports increased 59 units

According to preliminary data from the Department of Commerce, the country’s exports increased 47.19 percent to US $ 35.17 billion due to strong growth in oil, engineering, jewelry and jewelery shipments.

Imports this month also increased 59.38 percent to US $ 46.40 billion, with a trade deficit of US $ 11.23 billion.

Data show that July oil, engineering, jewelry and jewelery exports increased to US $ 3.82 billion, US $ 2.82 billion and US $ 1.95 billion, respectively.

However, exports of oil seeds, rice and meat, dairy and poultry products recorded negative growth this month.

Imports of oil, crude oil and commodities increased 97% to US $ 6.35 billion. Similarly, gold imports increased 135.5% to US $ 2.42 billion, with inbound shipments of pearls, precious stones and semi-precious stones in July at US $ 1.68 billion.

However, imports of transportation equipment, project commodities and silver recorded negative growth in July.

Further exports to the United States, United Arab Emirates and Belgium increased to US $ 2.4 billion, US $ 1.21 billion and US $ 489 million in July.

Also read: India’s engineering product exports will increase by 52.4% in June

Also read: India improves rankings in ease of cross-border trade supported by reforms

July exports increased 48 units to $ 35.17 billion, imports increased 59 units

Source link July exports increased 48 units to $ 35.17 billion, imports increased 59 units

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