SME Times News Bureau | 16 Feb, 2017
Exports
plunged by 9.80 per cent to $24.38 billion in January, from $27.03
billion worth of merchandise shipped out in December 2017, official
data showed on Thursday.
However, on a year-on-year
(Y-o-Y) basis, the exports for January grew by 9.07 per cent to
$24.38 billion from $22.35 billion reported for the corresponding
month of last year.
"Exports
during January 2018 have exhibited positive growth of 9.07per cent in
dollar terms vis-Ã -vis January 2017. Exports have been on a positive
trajectory since August 2016 to January 2018 with a dip of 1.1 per
cent in the month of October 2017," said the Commerce Ministry.
Exports
during January 2018 were valued at $24,383.97 million as compared to
$22,356.32 million during January 2017.
Imports
declined 2.93 per cent in January.
"Conversely, the
country's imports during the month under review declined by 2.93 per
cent to $40.68 billion in January 2018 from $41.91 billion in
December 2017 as against US$ 310160.46 million (Rs. 2084786.99crore)
registering a positive growth of 22.21 per cent in Dollar term,"
said the ministry.
Imports
of Petroleum, Crude & products (42.64%), Electronic goods
(12.19%), Machinery, electrical & non-electrical (29.11%),
Pearls, precious & Semi-precious stones (55.71%) and Coal, Coke &
Briquettes, etc. (31.67%) grew in the month.
