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 April trade deficit at USD 15.33 bn
Economy

April trade deficit at USD 15.33 bn

Agency News

New Delhi, May 15 : The trade deficit in Merchandise for April 2019 was estimated at USD 15.33 billion as against the deficit of USD 13.72 billion in the same month last year, government said on Wednesday.Overall trade deficit for April 2019 stood at USD 8.78 billion as compared to USD 7.07 billion in the same month last year, according to data released by Commerce and Industry Ministry.

As per RBI statement, the trade balance in Services for March 2019 is estimated at USD 6.58 billion.India’s overall exports (Merchandise and Services combined) in April 2019 is estimated to be USD 44.06 billion, exhibiting a positive growth of 1.34 per cent over the April 2018. Overall imports in April 2019 is estimated to be USD 52.83 billion, exhibiting a positive growth of 4.53 per cent over April 2018.

Exports in April 2019 were USD 26.07 billion, as compared to USD 25.91 billion in April 2018, exhibiting a positive growth of 0.64 per cent.In April 2019, major commodity groups of export showing positive growth over the corresponding month of last year are petroleum 30.75 per cent, Electronic goods 27.78 per cent and Organic and Inorganic chemicals at 15.06 per cent.

Non-petroleum and Non Gems and Jewellery exports in April 2019 were USD 19.54 billion, as compared to USD 19.80 billion in April 2018, exhibiting a negative growth of 1.31per cent.Imports in April 2019 were USD 41.40 billion which was 4.48 per cent higher and over imports of USD 39.63 billion in April 2018.

Major commodity groups of import showing negative growth in April 2019 over the corresponding month of last year are Transport equipment (-31.69 per cent) and vegetable oil (-20.70 per cent).Oil imports in April 2019 were USD 11.38 billion, which was 9.26percent higher compared to USD 10.41billion in April 2018.

As per the latest RBI statement, exports in Services in March 2019 were USD 17.94 billion registering a positive growth of 6.59 per cent vis-a-vis March 2018. Imports in Services in March 2019 were USD 11.37 billion registering a positive growth of 10.55per cent vis-a-vis March 2018. (UNI)