Trade Deficit Widens To $17.13 Bn As Against $14.61 Bn Last Year

Exports in October 2018 were US $ 26.98 Billion, as compared to US$22.89 Billion in October 2017, exhibiting a positive growth of 17.86%. In Rupee terms, exports were Rs 1,98,634.84 Crore in October 2018, as compared to Rs 1,48,962.64 Crore in October 2017, registering a positive growth of 33.35%.

Cumulative value of exports for the period April-October 2018-19 was US$ 191.01 Billion (Rs 13,23,940.28 Crore) as against US$ 168.64 Billion (Rs 10,87,270.47 Crore) during the period April-October 2017-18, registering a positive growth of 13.27 %in Dollar terms (21.77% in Rupee terms).

Imports in October 2018 were US$ 44.11 Billion (Rs 3,24,774.78 Crore), which was 17.62% higher in Dollar terms and 33.07% higher in Rupee terms over imports of US$ 37.50 Billion (Rs 2,44,064.20 Crore) in October 2017.

 

Cumulative value of imports for the period April-October 2018-19 was US$ 302.47 Billion (Rs 20,97,058.41Crore), as against US$ 259.92 Billion (Rs 16,75,887.95 Crore) during the period April-October 2017-18, registering a positive growth of 16.37% in Dollar terms (25.13% in Rupee terms).

The trade deficit for October 2018 was estimated at US$ 17.13 Billion as against the deficit of US$ 14.61 Billion in October 2017. As per RBI's Press Release dated 15th November 2018, the trade balance in Services (i.e. Net Services export) for September, 2018 is estimated at US$ 6.44 Billion.

Taking merchandise and services together, overall trade deficit for April-October 2018-19 is estimated at US $66.57 Billion as compared to US$ 52.23 Billion in April-October 2017-18.

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