SME Times is powered by   
Search News
Just in:   • India FTA talks to see 2 more rounds, deal expected to take shape by Feb 2027: Israeli envoy  • India’s proposal for local currencies link between BRICS members seen as key item for summit  • Govt notifies 405 key defence items worth Rs 3,070 crore for indigenous manufacturing  • Sensex, Nifty open lower as US-Iran war uncertainty keeps crude prices elevated  • PM Modi pitches for 100 GW nuclear capacity, 50 companies in Fortune 500 list 
Last updated: 14 Aug, 2019  

Exports.9.Thmb.jpg Exports rise 2.25 pc in July

exports-new012010.jpg
   Top Stories
» Govt notifies 405 key defence items worth Rs 3,070 crore for indigenous manufacturing
» Sensex, Nifty open lower as US-Iran war uncertainty keeps crude prices elevated
» PM Modi pitches for 100 GW nuclear capacity, 50 companies in Fortune 500 list
» Piyush Goyal calls for fair trade and recycling as India eyes $30 trillion economy by 2047
» India’s merchandise exports touched record high at $129.6 bn in Q1 of FY27: Minister
SME Times News Bureau | 14 Aug, 2019

Exports from the country rose 2.25 per cent in July on a year-on-year basis to $26.33 billion from $25.75 billion reported for the corresponding month of the previous year, according to official figures released on Wednesday.

As per the data furnished by the Ministry of Commerce and Industry, 'electronic goods', 'drugs and pharmaceuticals', 'organic and inorganic chemicals' and 'marine products' showed high export growth during the month under review.

"Non-petroleum and non-gems and jewellery exports in July 2019 were $19.70 billion, as

compared to $18.72 billion in July 2018, exhibiting a positive growth of 5.28 per cent," the ministry said.

On the other hand, imports declined by 10.43 per cent to $39.76 billion in July from $44.39 billion reported for the corresponding month of 2018.

"Oil imports in July 2019 were $9.60 billion, which was 22.15 per cent lower in dollar terms (22.02 per cent lower in rupee terms), compared to $12.33 billion (Rs 84,707.59 crore) in July 2018," the ministry said.

"Non-oil imports in July 2019 were estimated at $30.16 billion (Rs 2,07,522.94 crore), which was 5.92 per cent lower in dollar terms (5.76 percent lower in rupee terms), compared to $32.06 billion (Rs 2,20,209.17 crore) in July 2018."

According to the ministry data, non-oil and non-gold imports declined by 2.22 per cent to $28.45 billion from $29.09 billion in July 2018.

Consequently, the trade deficit in July narrowed to $13.43 billion as against the deficit of $18.63 billion in the corresponding period of 2018.

 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
₹95.3
₹93.6
UK Pound
₹127.7
₹123.7
Euro
₹110.65
₹106.9
Japanese Yen ₹59.75 ₹57.9
As on 24 Jun, 2026
  Daily Poll
What’s your biggest challenge with the 45-day payment rule?
 Corporates canceling our orders
 Clients demanding longer credit anyway
 Strained business relationships
 Filing complaints kills future work
 No issues, cash flow has improved
  Commented Stories
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter