Exports increased by 46.43 percent to $14.06 billion in the very first 14 days of this monthTrade Deficit Data In June 2021: The country's exports rose by 46.43 percent to $14.06 billion during June 1-14, tracking development in shipments across sectors such as engineering, gems and jewellery and petroleum products.
According to initial information released by the Ministry of Commerce, imports likewise increased by 98.33 percent to $19.59 billion throughout the same duration.
(Also Read: Exports Jump 69% To $32.27 Billion In May, Trade Deficit Widens To $6.28 Billion )During the first week of the month, exports grew by 52.39 per cent to $7.71 billion, and by about 40 per cent to $6.35 billion during the second week of this month, revealed the government information.
Exports during April-May in this rose to $ 62.89 billion, compared to $29.41 billion in the matching duration in 2015.
In May 2021, the country's trade deficit in goods expanded to $6.28 billion, from $3.15 billion throughout the corresponding month in 2015, according to government information launched on Tuesday, June 15.
Meanwhile, last month, exports stood at $32.27 billion, compared to $19.05 billion in the corresponding month of 2020, seeing a growth of 69.35 percent.
The growth in exports throughout the month was driven by engineering, petroleum products, and gems and jewellery sectors.In April 2021, exports jumped three-fold to $ 30.63 billion from $10.36 billion in the exact same month last year, according to foreign trade information released by the government.
Experts state that the sharp rise in exports and imports signed up in both April and May this year is due to a low base in trade volumes in the year-ago duration when the country was under the nationwide lockdown to consist of the spread of the COVID-19 pandemic.