You are here: Home » News-CM » Economy » News
Business Standard

India's merchandise exports rise mere 0.8% in November 2018

Capital Market 

Trade deficit widens to US$ 16.67 billion in November 2018

India's merchandise exports rose 0.8% to US$ 26.50 billion in November 2018 over a year ago. Meanwhile, merchandise imports moved up 4.3% to US$ 43.17 billion. The trade deficit increased 10.4% to US$ 16.67 billion in November 2018 from US$ 13.83 billion in November 2017.

galloped 41.3% to US$ 13.49 billion, while the non-declined 6.8% to US$ 29.68 billion in November 2018 over November 2017. The share of in total imports surged to 31.3% in November 2018, compared with 23.9% in November 2017. The price of India's basket of increased 6.7% to US$ 65.40 per barrel in November 2018 over November 2017.

Among the non-oil imports, the major contributors to the overall rise in imports were coal, coke & briquettes Imports rising 12.5% to US$ 2.25 billion, iron & 17.6% to US$ 1.48 billion, fertilizers, crude & manufactured 46.6% to US$ 0.68 billion, project goods 197.8% to US$ 0.33 billion, electrical & 7.7% to US$ 2.91 billion and organic & 10.8% to US$ 2.00 billion.

The imports also improved for silver by 101.2% to US$ 0.38 billion, artificial resins, plastic materials 11.1% to US$ 1.28 billion, & products 18.3% to US$ 0.67 billion, non-ferrous metals 5.0% to US$ 1.20 billion and electronic goods 0.3% to US$ 4.38 billion.

However, the imports have declined for pearls, precious & semi-precious stones by 46.2% to US$ 1.59 billion, gold 15.6% to US$ 2.76 billion, 21.8% to US$ 1.82 billion, pulses 72.9% to US$ 0.10 billion, 27.3% to US$ 0.69 billion and metaliferrous ores & other minerals 22.7% to US$ 0.66 billion in November 2018.

On exports front, the recorded an increase in exports by 42.7% to US$ 5.14 billion, followed by electronic goods 37.1% to US$ 0.79 billion, organic & 12.3% to US$ 1.87 billion, plastic & linoleum 28.6% to US$ 0.78 billion and RMG of all textiles 9.0% to US$ 1.13 billion. The exports also improved for & glassware by 45.4% to US$ 0.24 billion, drugs & 3.2% to US$ 1.48 billion, spices 13.7% to US$ 0.28 billion, mica, coal & other ores, minerals including processed minerals 3.9% to US$ 0.31 billion and 7.1% to US$ 0.17 billion in November 2018.

However, the exports declined for engineering goods by 16.4% to US$ 5.93 billion, gems & jewellery 16.9% to US$ 2.80 billion, meat, dairy & 31.3% to US$ 0.36 billion, rice 23.1% to US$ 0.42 billion, 15.1% to US$ 0.64 billion and cotton yarn/fabrics/made-ups, 5.3% to US$ 0.83 billion in November 2018.

Further, the exports declined for fruits & vegetables by 24.9% to US$ 0.16 billion, leather & 5.2% to US$ 0.40 billion, and man-made yarn/fabrics/made-ups etc 2.9% to US$ 0.37 billion in November 2018.

Merchandise exports in Rupees increased 11.7% to Rs 190429 crore, while imports moved up 15.6% to Rs 310215 crore in November 2018 over November 2017. The trade deficit jumped to Rs 119786 crore in November 2018 compared with Rs 89700 crore in November 2017.

India's merchandise exports increased 11.1% to US$ 217.52 billion, while merchandise imports moved up 15.5% to US$ 345.64 billion in April-November 2018. An increase in imports was driven by a 48.0% jump in oil imports to US$ 97.43 billion. India's merchandise trade deficit increased to US$ 128.13 billion in April-November 2018 from US$ 102.05 billion in April-November 2017.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, December 14 2018. 19:25 IST
RECOMMENDED FOR YOU
RECOMMENDED FOR YOU