HOME > MARKETS > ECONOMY NEWS
  ECONOMY NEWS
ECONOMY
India’s exports decline by 2.15% in September; trade deficit narrows to 5-month low
Oct-16-2018

Breaking the five months growth momentum, India’s exports fell by 2.15% in the month of September 2018 over the same period in the previous year, due to the base impact even though trade deficit narrowed to a five-month low. Trade deficit narrowed to $13.98 billion in September 2018 as against $17.39 billion in August 2018. However, the overall trade deficit for April- September 2018-19 widened to $94.32 billion as compared to $76.66 billion during April- September 2017-18. 

As per the data released by the Commerce Ministry, exports decreased by 2.15% to $27.95 billion in September 2018, as compared to $28.57 billion in the same month a year ago. In Rupee terms, it was up by 9.65% to Rs 2,01,857.62 crore in September 2018, as compared to Rs 1,84,088.94 crore in September 2017. Cumulative value of exports for the period April- September 2018-19 was $ 164.04 billion as against $145.75 billion, registering a positive growth of 12.54% over the same period last year. In Rupee terms, it was up by 19.93% to Rs 11,25,305.44 crore from Rs 9,38,307.83 crore.

Non-petroleum and Non Gems & Jewellery exports in September 2018 were valued at $19.80 billion as against $20.31 billion in September 2017, a fall of 2.49%. Non-petroleum and Non Gems and Jewellery exports during April- September 2018-19 were valued at $119.05 billion as compared to $107.91 billion for the corresponding period in 2017-18, an increase of 10.32%.

Imports during September 2018, increased by 10.45% to $41.93 billion as compared to $37.96 billion in September 2017, while in rupee terms it was up by 23.78% to Rs 3,02,804.39 crore from Rs 2,44,634.86 crore in September 2017. Cumulative value of imports for the period April- September 2018-19 was $258.36 billion as against $222.42 billion, registering a positive growth of 16.16% over the same period last year. In rupee terms, it was Rs 17,72,283.63 crore, up by 23.78% from Rs 14,31,823.75 crore in the same period last year.

Oil imports during September 2018 were valued at $10.91 billion which was 33.59% higher than oil imports valued at $8.17 billion in September 2017. Oil imports during April- September 2018-19 were valued at $69.73 billion which was 50.05% higher than the oil imports of $46.47 billion in the corresponding period last year. Non-oil imports during September 2018 were estimated at $31.02 billion which was 4.11% higher than non-oil imports of $29.79 billion in September 2017. Non-oil imports during April- September 2018-19 were valued at $188.63 billion which was 7.21% higher than the level of such imports valued at $175.95 billion in April- September, 2017-18.


  RELATED NEWS >>