India's exports dropped by 6.05 per cent to USD 26.13 billion in August compared to the year-ago month, official data released on Friday showed.
Imports too declined by 13.45 per cent to USD 39.58 billion, narrowing trade deficit to USD 13.45 billion in August.
The deficit was USD 17.92 billion in August last year.
Export sectors that recorded positive growth in the last month include iron ore, electronic goods, spices, and marine products.
Shipments of gems and jewellery, engineering goods, petroleum products recorded negative growth, according to the data.
Oil imports declined by 8.9 per cent to USD 10.88 billion, and non-oil imports fell by 15 per cent to USD 28.71 billion.
Cumulatively, during April-August 2019, exports were down 1.53 per cent to USD 133.54 billion while imports contracted by 5.68 per cent to USD 206.39 billion.
Gold imports plunged 62.49 per cent to USD 1.36 billion in August.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app