Trade deficit narrows to $11.01 billion in October on lower oil imports

Oil imports fell 31.74 per cent to $9.63 billion in October from $14.11 billion in the year-ago period

trade deficit
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Reuters New Delhi
1 min read Last Updated : Nov 15 2019 | 7:56 PM IST
India's trade deficit narrowed to $11.01 billion in October from $18.0 billion a year ago,  helped by lower oil imports, the trade ministry said on Friday.

Oil imports fell 31.74 per cent to $9.63 billion in October from $14.11 billion in the year-ago period.

Merchandise exports fell 1.11 per cent to $26.38 billion in October compared with a year earlier, while imports were down 16.31 per cent at $37.39 billion, the data showed.

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Topics :trade deficitMerchandise exportsOil importsIndia exportsIndia trade deficitIndia trade

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