Exports up 20.55% in May to $38.94 billion

Imports during May 2022 grew by 62.83 per cent to $63.22 billion, the data showed.

The trade deficit stood at $6.53 billion in the same month last year.

Cumulative exports in April-May 2022-23 rose by about 25 per cent to $78.72 billion.

Imports in April-May 2022-23 increased 45.42 per cent to $123.41 billion.

The trade deficit during the first two months of this fiscal widened to $44.69 billion against $21.82 billion in the year-ago period.