Trade deficit in Jan touches $17.94 bn, exports rise 23.7% to $34 bn: Govt

India's merchandise trade deficit in January touched $17.94 billion, preliminary data released by the government showed on Tuesday.

India's merchandise exports rose 23.7 per cent to $34.06 billion from $27.54 billion a year earlier on healthy performance by engineering, petroleum and gems and jewellery segments, while imports also rose 23.7 per cent $52.01 billion in January from $42.03 billion last year, the data added.

Further, India’s merchandise import in 2021-22 (April-January) was $495.83 billion, an increase of 62.68 per cent over $304.79 billion in 2020-21 (April-January) and an increase of 22.3 per cent over $405.33 billion in 2019-20 (April-January).

India's export in 2021-22 (April-January) rose by 46.53 per cent to $335.44 billion over $228.9 billion in 2020-21 (April-January).