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Last updated: 15 Dec, 2018  

Exports.9.Thmb.jpg Exports growth slows to 0.80 pc in November

exports-new012010.jpg
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SME Times News Bureau | 15 Dec, 2018

Merchandise exports grew marginally in November, but imports showed 4 percent growth on year-on-year basis, official data showed on Friday.

Exports in November 2018 were US $ 26.50 Billion, as compared to US $ 26.29 Billion in November 2017, exhibiting a positive growth of 0.80 per cent, the release said.

In Rupee terms, exports were Rs. 1,90,429.46 Crore in November 2018, as compared to Rs. 1,70,541.01 Crore in November 2017, registering a positive growth of 11.66 per cent, the Commerce Ministry release said.

Cumulative value of exports for the period April-November 2018-19 was $217.52 billion as against $194.93 billion during the period April-November 2017-18, registering a positive growth of 11.58 per cent in dollar terms.

"Non-petroleum and non-gems and jewellery exports in November 2018 were $18.57 billion, as compared to $19.32 billion in November 2017, exhibiting a negative growth of 3.93 per cent."

As per the data, petroleum products, organic and inorganic chemicals, drugs and pharmaceuticals and electronic goods showed a high export growth during the month under review.

On the other hand, imports in November grew by 4.31 per cent to $43.17 billion.

"Oil imports in November 2018 were $13.49 billion, which was 41.31 percent higher in dollar terms, compared to $9.55 billion in November 2017," the statement said.

Global Brent crude oil price has increased by 4.16 per cent in November 2018 vis-à-vis November 2017.

"Non-oil imports in November 2018 were estimated at $29.68 billion which was 6.79 per cent lower in dollar terms, compared to $31.84 billion in November 2017," the statement said.

"Non-oil and non-gold imports were $26.92 billion in November 2018, recording a negative growth of 5.78 per cent, as compared to non-oil and non-gold imports in November 2017."

 
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