At $22.6 Billion In September, Trade Deficit Widens To Highest Level In 14 Years

Trade Deficit in September 2021: Trade deficit widened to $22.6 billion last month

The country’s merchandise trade deficit – the gap between imports and exports, widened to a record $22.6 billion in September 2021 – the highest level in at least around 14 years, according to news agency Reuters.

The country’s merchandise exports rose 21.44 per cent to $33.8 billion in September from $27.56 billion in the corresponding month last year, while imports grew 84.76 per cent to $56.39 billion from $30.52 in the year-ago period, according to government data released on Thursday. The purchases of crude oil and gold pushed imports to record-high levels last month.

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