“India is thus a net importer in April with a trade deficit of $15.24 billion, which increased by 120.34 percent over the trade deficit of $6.92 billion in April 2020,” the ministry said in a statement.
After COVID-19 induced lockdown and restrictions, the exports of the country shrank by 60.28 percent in April 2020. In March this year, it grew by 60.29 percent to $34.45 billion.
The oil imports stood at $10.8 billion in April 2021. The export commodities which have achieved positive growth include jewelry, jute, carpet, handicrafts, leather, electronic, good, oil meals, cashew, petroleum products, chemicals, marine products, and gems.