India's exports up 3.93% in May; trade deficit widens to $15.36 bn

Imports rise by 4.31 per cent to $45.35 billion, widening the trade deficit to $15.36 billion in May.

India's exports grew by 3.93 per cent in May to $30 billion on the back of healthy growth in electronics and chemicals shipments, even as the trade deficit widened to a six-month high, official data showed Friday.

Imports increased by 4.31 per cent to $45.35 as crude oil and gold shipments shot up in the month.

The trade deficit, difference between imports and exports, aggregated at $15.36 billion, the widest since November 2018, when it stood at $16.67 billion.

Sectors which recorded healthy export growth included electronics (51 per cent), engineering (4.4 per cent), chemicals (20.64 per cent), pharma (11 per cent) and