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India’s trade deficit widens to $13.7 billion in April
KV Prasad Jun 13, 2022, 06:35 AM IST (Published)
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Summary
Exports grew by 5.17% to $25.91 billion in April compared to the same month last year on account of healthy performance by engineering, chemicals and pharmaceutical segments, according to the commerce ministry data. Imports too grew by 4.60% to $39.63 billion in the month on yearly basis, leaving a trade deficit of $13.72 billion. Oil …
Continue reading “India’s trade deficit widens to $13.7 billion in April”
Exports grew by 5.17% to $25.91 billion in April compared to the same month last year on account of healthy performance by engineering, chemicals and pharmaceutical segments, according to the commerce ministry data.
Imports too grew by 4.60% to $39.63 billion in the month on yearly basis, leaving a trade deficit of $13.72 billion.
Oil imports during the month under review were valued at $10.41 billion, 41.5% higher than the same month of previous year.
Non-oil imports, however, dipped by 4.3% to $29.21 billion in April 2018.
Engineering, chemicals and pharmaceutical exports recorded a growth of 17.63%, 38.48% and 13.56% respectively during the month.
However petroleum products, carpet, gems and jewellery and iron ore recorded negative growth.
Gold imports too dipped by 33% to $2.58 billion in April.
Exports had dipped by 0.66% to $29.11 billion in March, even as foreign shipments increased by 9.78% for the full 2017-18 fiscal.
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