India has crossed the export target of 300 billion dollars for 2011-12. Talking to reporters Union Commerce and Industry Minister Anand Sharma said that country crossed the terget despite a challenging economic environment in its major markets of the US and Europe. The sectors that performed very well include engineering, gems and jewellery, textiles, chemicals and pharmaceuticals. The Minister said the total imports last fiscal also grew to 485 billion dollars, primarily because of high petroleum prices. Mr. Sharma said trade deficit, which grew to 185 billion dollars is a big challenge for the current fiscal as well.