India's goods exports showed a modest increase of 1.09 percent in April, reaching $34.99 billion, compared to $34.62 billion in the same period last year.
However, the surge in imports outpaced exports, leading to a widening trade gap, which stood at $19.1 billion.
The latest data released by the commerce and industry ministry on Wednesday highlighted the impact of weak global demand, particularly in Western countries, contributing to India's trade deficit reaching a four-month high.
In April, imports surged over 10 percent to $54.09 billion, marking a significant increase from the $49.06 billion recorded during the same period last year.
This rapid growth in imports exacerbated the trade gap, which stood at $14.34 billion in April last year.
The sequential analysis revealed a decline in both imports and exports compared to the previous month.
Imports in April decreased by $3.19 billion, while exports shrunk by $6.71 billion. In March, exports stood at $41.7 billion, with imports totaling $57.28 billion.
Shifting focus to services exports, India experienced a notable 14 percent increase in April, reaching $29.57 billion, compared to $25.78 billion in April 2023.
Imports in the services sector also saw a substantial rise, jumping by 21.56 percent to $16.97 billion, compared to $13.96 billion in the corresponding period last year.
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