India's Exports Up Nearly 19% Over Year In April-June 2018

India's exports during June 2018 were valued at US $ 27.70 Billion as compared to US $ 23.56 Billion during June 2017 exhibiting a positive growth of 17.57 per cent. In Rupee terms, exports were valued at Rs. 187800.20 crore in June 2018 as compared to Rs. 151844.56 crore during June 2017, registering a positive growth of 23.68 per cent. Cumulative value of exports for the period April-June 2018-19 was US$ 82.47 Billion (Rs 552781.61 crore) as against US $72.21 Billion (Rs 465472.04 crore) registering a positive growth of 14.21 per cent in Dollar terms and 18.76 per cent in Rupee terms over the same period last year.

Non-petroleum and Non Gems and Jewellery exports during June 2018 were valued at US $ 20.13 Billion as compared to US $ 17.48 Billion during June 2017 exhibiting a positive growth of 15.13 per cent. Non-petroleum and Non Gems and Jewellery exports during April-June2018-19 were valued at US$ 59.86 Billion as compared to US$ 52.71 Billion for the corresponding period in 2017-18, an increase of 13.56%.

Imports during June 2018 were valued at US$ 44.30Billion (Rs300351.83 crore) which was 21.31 per cent higher in Dollar terms and 27.61 per cent higher in Rupee terms over the level of imports valued at US$ 36.52Billion (Rs. 235361.85 crore) in June 2017. Cumulative value of imports for the period April-June2018-19 was US$ 127.41 Billion (Rs. 854096.98 crore) as against US$ 112.26 Billion (Rs. 723631.11 crore) registering a positive growth of 13.49 per cent in Dollar terms and 18.03 per cent in Rupee terms over the same period last year.

Oil imports during June 2018 were valued at US$ 12.73 Billion (Rs. 86270.79 crore) which was 56.61 percent higher in Dollar terms and 64.75 percent higher in Rupee terms compared to US$ 8.13 Billion (Rs. 52363.24 crore) in June 2017. Oil imports during April-June 2018-19 were valued at US$ 34.64 Billion (Rs. 232269.14 crore) which was 49.44 per cent higher in Dollar terms and 55.47 per cent higher in Rupee terms compared to US$ 23.18 Billion (Rs. 149395.90 crore) in the corresponding period last year.

Services exports during May2018 were valued at US$ 16.17Billion (Rs.109231.47 Crore) registering a negative growth of 7.91 per cent in dollar terms as compared to positive growth of 4.33 per cent during April 2018 (as per RBI's Press Release for the respective months). Services imports during May2018 were valued at US$10.21 Billion (Rs. 68944.22 Crore) registering a negative growth of 6.48 per cent in dollar terms as compared to positive growth of 6.18 per cent during April 2018 (as per RBI's Press Release for the respective months).

The merchandise trade deficit for June 2018 was estimated at US$ 16.60 Billion as against the deficit of US$ 12.96Billion during June 2017. As per RBI's Press Release dated 13th July 2018, the trade balance in Services (i.e. net export of Services) for May, 2018 was estimated at US$ 5.97 Billion. Taking merchandise and services together, overall trade deficit for April-June 2018-19 is estimated at US$ 32.32 Billion as compared to US$ 28.55 Billion during April-June 2017-18. (Services data pertains to May 2018 as it is the latest data available as per RBI's Press Release dated 13th July 2018)

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