Exports Rise 3-Fold To $30.63 Billion, Trade Deficit At $15.10 Billion

<!–

–>

Exports Jump 3-Fold To $30.63 Billion In April, Trade Deficit Widens To $15.10 Billion

The country’s exports in April 2021 jumped nearly three-fold to $ 30.63 billion from $10.36 billion in the corresponding month last year, according to government data released on Friday, May 14. Foreign trade data released by the Ministry of Commerce showed that imports rose to $ 45.72 billion last month as against $ 17.12 billion in the same month last year. Subsequently, the trade deficit widened to $15.10 billion in April 2021, compared to $6.76 billion in the year-ago period.

The sharp rise in exports and imports registered in April 2021 was due to a low base in trade volumes in the corresponding month last year when the country was under a nationwide lockdown in order to arrest the spread of COVID-19.

Some of the main export commodities which have recorded growth last month include jute, carpet, leather, handicrafts, oil meals, petroleum products, chemicals, gems and jewellery, carpet, electronic goods, cashew, marine products, according to government data.

Leave a Reply

Your email address will not be published. Required fields are marked *