SME Times News Bureau | 15 Dec, 2018
exports grew marginally in November, but imports showed 4 percent growth on
year-on-year basis, official data showed on Friday.
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.
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.
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
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."