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Last updated: 16 May, 2018  

Exports.9.Thmb.jpg Exports up over 5 pc in April

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SME Times News Bureau | 16 May, 2018

Exports during April rose by 5.17 per cent to $25.91 billion from $24.64 billion worth of merchandise shipped out during the corresponding month of last year even as the trade deficit widened due to high crude oil prices.

According to the data released by the Ministry of Commerce and Industry on Tuesday exports during April 2018 were valued at US $ 25.91 Billion as compared to US $ 24.64 Billion during April 2017 exhibiting a positive growth of 5.17 per cent.

In Rupee terms, exports were valued at Rs. 170052.96 crore in April 2018 as compared to Rs. 158913.79 crore during April 2017, registering a positive growth of 7.01 per cent.

Engineering goods, organic and inorganic chemicals and drugs and pharmaceuticals showed a high growth rate of export.

Non-petroleum and Non Gems & Jewellery exports in April 2018 were valued at US $ 19.80 Billion as against US $ 17.72 Billion in April 2017, an increase of 11.73%.

Imports during April 2018 were valued at US $ 39.63 Billion (Rs 260084.67 crore) which was 4.60 per cent higher in Dollar terms and 6.43 per cent higher in Rupee terms over the level of imports valued at US $ 37.88 Billion (Rs. 244380.52 crore) in April 2017.

Oil imports during April 2018 were valued at US $ 10.41 Billion which was 41.49 percent higher than oil imports valued at US $ 7.36 Billion in April 2017.

Non-oil imports during April 2018 were estimated at US $ 29.21 Billion which was 4.30 per cent lower than non-oil imports of US $ 30.53 Billion in April 2017.

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