Page 5 - India Trade Deficit

Coal is the new pain point as India grapples with a massive import bill

Quite low in the pecking order of inbound consignments at one point, the fossil fuel today accounts for a third of the value of crude entering the country

Rupee touches a new low of 79.14 against US dollar amid CAD concerns

Rupee weakened further in afternoon trade on Tuesday to touch a fresh record low against the US dollar as concerns of a wider current account deficit came to the forefront

Trade gap widens to record $25.6 bn; imports surge to $63.58 bn in June

India's traditional high dependence on crude oil led to its imports soaring 94.2 per cent in June to $20.7 billion

India's record $25.6-bn trade deficit in June adds pressure on rupee

Rupee has plunged 6% against the dollar this year, weighed down by broad strength in the greenback and as investors retreated from domestic share markets

Exports rise by 17% to $37.94 bn in June; trade deficit widens to $25.63 bn

Cumulative exports in April-June 2022-23 rose by about 22% to $116.77 bn

India's trade deficit hits record high of $24.3 bn in May: Govt data

Preliminary estimates released earlier in the month had put the trade deficit at $23.3 billion

Exports rise 20.55% to $38.94 bn in May; trade deficit at record $24.29 bn

India's merchandise exports in May rose by 20.55 per cent to $38.94 billion, while the trade deficit ballooned to a record $24.29 billion, according to the government data released

High commodity prices continue to weigh on trade deficit: Acuite

The expectation of the expansion of the current account deficit is not just driven by elevated global commodity prices, but is also linked to the unlocking of the economy reviving pent-up demand and improved vaccination cover aiding an organic recovery in the economy, ratings and research firm Acuite Ratings & Research said in a report.

Exports in May up by 15.46% to $37.29 bn; trade deficit widens to $23.33 bn

Imports during the month grew by 56.14% to $60.62 billion

Sustaining export growth

Commodity prices will push up trade deficit

Exports up nearly 20% to $42 bn in March; trade deficit widens to $18.5 bn

While total exports during 2021-22 increased to a record high of $419.65 billion, imports too soared to $611.89 billion, leaving a trade gap of $192.24 billion

Exports up 25.1% to $34.57 bn in Feb; trade deficit widens to $20.88 bn

According to the data, gold imports in February dipped by 9.65 per cent to USD 4.8 billion

Indian trade, current account deficit seen widening, rupee under pressure

India's trade deficit widened sharply to $21.19 billion in February compared to $17.94 billion the previous month, preliminary data shows

India's Jan trade deficit widens to $17.42 bn, exports rise 25%: Govt

Imports grew by 23.54% to $51.93 billion during the month under review

Exports rise by 23.69% to $34 bn in Jan; trade deficit widens to $17.94 bn

The country's exports rose by 23.69 per cent to 34.06 billion in January on healthy performance by engineering, petroleum and gems and jewellery segments

India's exports rise 27.1% to $30.04 bn in Nov; trade deficit at $22.91 bn

Exports during November 2020 stood at $23.62 billion

India's Sept trade deficit widens to record $22.6 bn

India's merchandise exports rose $33.8 billion for the month from $27.56 billion in the same period last year

India's trade deficit surges 675% on high imports; exports up 21%

The trade deficit in September was at $22.94 billion as gold imports jumped nearly 750 per cent to $5.11 billion

India's September preliminary trade deficit at $22.94 billion: Govt

India's merchandise exports rose $33.44 billion for the month from $27.56 billion in the same period last year, while imports rose $56.38 billion in September from $30.52 billion last year

Exports rise 45% to $33 bn in August; trade deficit at four-month high

This, despite a 45% YoY spike in shipment values; non-oil, non-bullion import growth was 34% YoY