Govt. released figures: 2.15% Decline in export, 10.45% hike in Imports, trade deficit reaches 1398 cr
Tuesday - October 16, 2018 12:16 pm ,
Category : INDIA
Ministry of Commerce and Industry released figures of Indian foreign trades today. Figures shows growth in imports while decline in our export while our trade deficit reaches 1398 cr Rupees. Exports in September 2018 were US $ 27.95 Billion, as compared to US $ 28.57Billion in September 2017, exhibiting a negative growth of 2.15per cent.
Imports in September 2018 were US $ 41.93Billion which was 10.45 per cent higher in Dollar terms over imports of US $ 37.96 Billion in September 2017.
Oil imports in September 2018 were US $ 10.91 Billion which was 33.59 percent higher in Dollar terms (49.71 percent higher in Rupee terms), compared to US $ 8.17 Billion in September 2017.
Oil imports in April-September 2018-19 were US $ 69.73 Billion which was 50.05 per cent higher in Dollar terms (59.85 percent higher in Rupee terms) compared to US $ 46.47 Billion over the same period last year.
Non-Oil and Non-Gold imports were US $ 28.42 billion in September 2018, recording a positive growth of 1.22 per cent, as compared to Non-Oil and Non-Gold imports in September 2017. Non-Oil and Non-Gold imports were US $ 170.99 billion in April-September 2018-19, recording a positive growth of 7.57 per cent, as compared to Non-Oil and Non-Gold imports in April-September 2017-18.
Exports inAugust2018 were US $ 16.53 Billion registering a negative growth of 5.85 per cent in dollar terms,vis-à-vis July 2018.
Imports inAugust 2018 were US $ 10.35 Billion (Rs. 72,008.45 Crore) registering a negative growth of 4.57 per cent in dollar terms,vis-à-vis July 2018.
The trade deficit for September 2018 was estimated at US $ 13.98 Billion as against the deficit of US $ 9.40 Billion inSeptember 2017.
Overall trade balance: Taking merchandise and services together, overall trade deficit for April-September 2018-19 is estimated at US $ 56.01 Billion as compared to US $ 43.07 Billion in April-September 2017-18.
Source- PIB
