Trade Deficit Rises To $26.1 Bn In June As Imports Surge

Imports expanded by 57.55 per cent to USD 66.31 billion in June compared to the year-ago month, the data showed

Imports expanded by 57.55 per cent to USD 66.31 billion in June compared to the year-ago month, the data showed. The trade deficit stood at USD 9.60 billion in June 2021. Cumulative exports in April-June 2022-23 rose by about 24.51 per cent to USD 118.96 billion, while imports increased 49.47 per cent to USD 189.76 billion during the period. The trade deficit during the first three months of this fiscal widened to USD 70.80 billion from USD 31.42 billion in the year-ago period.

(PTI)