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Marginal negative growth in merchandise exports of 2.15 per cent in September
Economy

Marginal negative growth in merchandise exports of 2.15 per cent in September

Agency News

New Delhi, Oct 16: Exports in September 2018 were USD 27.95 Billion, as compared to USD 28.57 Billion in September 2017, exhibiting a negative growth of 2.15 per cent, according to the Ministry of Commerce and Industry on Monday.

India’s overall exports -- Merchandise and Services combined -- in April-September 2018-19 are estimated to be USD 265.39 Billion, exhibiting a positive growth of 17.38 per cent over the same period last year.

Overall imports in April- September 2018-19 are estimated to be USD 321.40 Billion, exhibiting a positive growth of 19.41 per cent over the same period last year.

In Rupee terms, exports were Rs. 2,01,857.62 Crore in September 2018, as compared to Rs 1,84,088.94 Crore in September 2017, registering a positive growth of 9.65per cent.

Cumulative value of exports for the period April-September 2018-19 was USD 164.04 Billion (Rs 11,25,305.44 Crore) as against USD 145.75 Billion (Rs.9,38,307.83 Crore) during the period April-September 2017-18, registering a positive growth of 12.54 per cent in Dollar terms (19.93per cent in Rupee terms).

Non-petroleum and Non Gems and Jewellery exports in September 2018 were USD 19.80 Billion, as compared to USD 20.31 Billion in September 2017, exhibiting a negative growth of 2.49 per cent.

Non-petroleum and Non Gems and Jewellery exports in April-September 2018-19 were USD 119.05 Billion, as compared to US $ 107.91 Billion for the corresponding period in 2017-18, an increase of 10.32 per cent.

Imports in September 2018 were USD 41.93Billion (Rs 3,02,804.39 Crore), which was 10.45 per cent higher in Dollar terms and 23.78 per cent higher in Rupee terms over imports of USD 37.96 Billion (Rs.2,44,634.86 Crore) in September 2017.

Cumulative value of imports for the period April-September 2018-19 was USD 258.36 Billion (Rs17,72,283.63Crore), as against USD 222.42 Billion (Rs.14,31,823.75 Crore) during the period April-September 2017-18, registering a positive growth of 16.16 per cent in Dollar terms (23.78 per cent in Rupee terms).

Oil imports in September 2018 were USD 10.91 Billion (Rs. 78,811.17 Crore), which was 33.59 per cent higher in Dollar terms (49.71 per cent higher in Rupee terms), compared to USD 8.17 Billion (Rs. 52,642.37 Crore) in September 2017.

Oil imports in April-September 2018-19 were USD 69.73 Billion (Rs. 4,78,183.10 Crore) which was 50.05 per cent higher in Dollar terms (59.85 percent higher in Rupee terms) compared to USD 46.47 Billion (Rs 2,99,147.05 Crore), over the same period last year.

Non-oil imports in September 2018 were estimated at USD 31.02 Billion (Rs.2,23,993.22 Crore) which was 4.11 per cent higher in Dollar terms (16.67 per cent higher in Rupee terms), compared to USD 29.79 Billion (Rs 1,91,992.49 Crore) in September 2017.

Non-oil imports in April-September 2018-19 were USD 188.63 Billion (Rs.12,94,100.53 Crore) which was 7.21 per cent higher in Dollar terms (14.25 percent higher in Rupee terms), compared to USD 175.95 Billion (Rs. 1132676.70 Crore) in April-September2017-18.

Non-Oil and Non-Gold imports were USD 28.42 billion in September 2018, recording a positive growth of 1.22 per cent, as compared to Non-Oil and Non-Gold imports in September 2017.

Non-Oil and Non-Gold imports were USD 170.99 billion in April-September 2018-19, recording a positive growth of 7.57 per cent, as compared to Non-Oil and Non-Gold imports in April-September 2017-18.

Taking merchandise and services together, overall trade deficit for April-September 2018-19 is estimated at USD 56.01 Billion as compared to USD 43.07 Billion in April-September 2017-18. (UNI)