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India’s exports up 0.80% in November; trade deficit widens to $16.67 billion
Dec-17-2018

Continuing growth momentum for the second straight month, India's exports grew by a meagre 0.80 percent to $26.5 billion in November. However, the trade deficit widened to $16.67 billion in the month under review, from $15.10 billion during the same month a year ago. The overall trade deficit for April- November 2018-19 is estimated at $76.19 billion as compared to $61.58 billion during April- November 2017-18.

As per the data released by the Commerce Ministry, exports grew by 0.80% to $26.50 billion in November 2018, as compared to $26.29 billion in the same month a year ago. In Rupee terms, exports were higher by 11.66% to Rs 1,90,429.46 crore in November 2018, as compared to Rs 1,70,541.01 crore in November 2017. Cumulative value of exports for the period April- November 2018-19 was $217.52 billion as against $194.93 billion during the period April- November 2017-18, registering a positive growth of 11.58%. In Rupee terms, it was up by 20.40% to Rs 15,14,369.74 crore from Rs 12,57,811.49 crore. 

Non-petroleum and Non Gems and Jewellery exports in November 2018 were $18.57 billion, as compared to $19.32 billion in November 2017, exhibiting a positive growth of 3.93%. Non-petroleum and Non Gems and Jewellery exports in April- November 2018-19 were $ 156.55 billion, as compared to $143.77 billion for the corresponding period in 2017-18, an increase of 8.89%.

Imports during November 2018 increased by 4.31% to $43.17 billion as compared to imports of $41.39 billion in November 2017, while in rupee terms it was up by 15.55% to Rs 3,10,215.46 crore from Rs 2,68,467.53 crore in November 2017. Cumulative value of imports for the period April- November 2018-19 was $345.64 billion, as against $301.31 billion during the period April- November 2017-18, registering a positive growth of 14.71% over the same period last year. In rupee terms, it was Rs 24,07,273.87 crore, up by 23.81% from Rs 19,44,355.48 crore in the same period last year.

Oil imports in November 2018 were $13.49 billion, which was 41.31% higher, compared to $9.55 billion in November 2017. Oil imports in April- November 2018-19 were $97.43 billion which was 49.14% higher as compared to $65.33 billion over the same period last year. Non-oil imports in November 2018 were estimated at $29.68 billion which was 6.79% higher, compared to $31.84 billion in November 2017. Non-oil imports in April- November 2018-19 were $ 248.21billion which was 5.18% higher, compared to $235.98 billion in April- November 2017-18. Non-Oil and Non-Gold imports were $26.92 billion in November 2018, down 5.78% over the same period of last year. Non-Oil and Non-Gold imports were $226.13 billion in April- November 2018-19, up 6.27% over the same period of last year.



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