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Exports rose 67% to $ 32.21 billion in May; trade deficit at USD 6.32 billion

India’s exports grew by 67.39 per cent to $32.21 billion in May driven by healthy growth in sectors such as engineering, petroleum products and gems and jewellery, even as trade deficit widened to $6.32 billion, according to government data released on Wednesday. Exports in May last year stood at $19.24 billion and in May 2019 it was at $29.85 billion, the Commerce Ministry’s preliminary data showed. Imports in May rose by 68.54 per cent to $38.53 billion, from $22.86 billion in May 2020.