Foreign Trade: Trade deficit continues to rise in April
By TIOL News Service
NEW DELHI, MAY 16, 2018: MERCHANDISE exports during April, 2018 were valued at USD 25.91 Billion as compared to USD 24.64 Billion during April 2017 exhibiting a positive growth of 5.17 per cent. In Rupee terms, exports were valued at Rs. 170052.96 crore in April 2018 as compared to Rs. 158913.79 crore during April 2017, registering a positive growth of 7.01 per cent.
Non-petroleum and Non Gems & Jewellery exports in April 2018 were valued at USD 19.80 Billion as against USD 17.72 Billion in April 2017, an increase of 11.73%.
IMPORTS
Imports during April 2018 were valued at USD 39.63 Billion (Rs 260084.67 crore) which was 4.60 per cent higher in Dollar terms and 6.43 per cent higher in Rupee terms over the level of imports valued at USD 37.88 Billion (Rs. 244380.52 crore) in April 2017.
The trade deficit for April 2018 was estimated at USD 13.72 Billion as against the deficit of USD 13.25 Billion during April 2017.
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