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The commerce ministry has said that the country’s exports increased 24.18 per cent to USD 9.39 billion during June 1-7, 2022 on account of healthy growth in sectors like engineering, gems and jewellery and petroleum products. The exports during June 1-7, 2021 stood at USD 7.56 billion.

It stated Gems and jewellery, engineering, petroleum products, and electronic goods’ exports increased by 84.3 per cent, 25.7 per cent, 20.4 per cent and 73.5 per cent, respectively.

Further, it stated that Imports during the period too rose by about 77 per cent to USD 16 billion. Major import goods that recorded growth include petroleum, crude, coal, coke and briquettes, gold and chemicals. India’s merchandise exports rose by 15.46 per cent to USD 37.29 billion in May on account of healthy performance by sectors, including petroleum products, electronic goods and chemicals.