August Merchandise Imports Jump 36.34% In Rupee Terms

Merchandise exports in August 2018 were US $ 27.84 Billion, as compared to US $23.36 Billion in August 2017, exhibiting a positive growth of 19.21%. In Rupee terms, exports were Rs 1,93,624.74 Crore in August 2018, as compared to Rs. 1,49,398.90 Crore in August 2017, registering a positive growth of 29.60%. Imports in August 2018 were US $ 45.24 Billion (Rs 3,14,597.54 Crore), which was 25.41% higher in Dollar terms and 36.34 % higher in Rupee terms over imports of US$ 36.07 Billion (Rs 2,30,737.96 Crore) in August 2017.

The trade deficit for August 2018 was estimated at US$ 17.39 Billion as against the deficit of US$ 12.72 Billion in August 2017. Taking merchandise and services together, overall trade deficit for April-August 2018-19 is estimated at US $ 47.72 Billion as compared to US $ 38.95 Billion in April-August 2017-18.

India's overall exports (Merchandise and Services combined) in April-August 2018-19 are estimated to be USD 221.83 Billion, exhibiting a positive growth of 20.70% over the same period last year. Overall imports in April-August 2018-19 are estimated to be USD 269.54 Billion, exhibiting a positive growth of 21.01% over the same period last year.

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