Despite a challenging economic environment in its major markets of the US and Europe, India crossed the export target of 300 billion US dollar for 2011-12. This was announced by Union Commerce and Industry Minister Mr. Anand Sharma in New Delhi today. He said, the sectors that performed very well include engineering, gems and jewellery, textiles, chemicals and pharmaceuticals. Mr. Sharma said imports also grew to 485 billion US dollars, primarily because of high petroleum prices.