India's November exports marginally up, imports rise over 4%


New Delhi, Dec 14 (IANS): India's merchandise exports grew marginally in November on a year-on-year basis, official data showed on Friday.

According to data released by the Ministry of Commerce and Industry, India's November 2018 exports increased to $26.50 billion from $26.29 billion reported for the corresponding month of 2017.

"Cumulative value of exports for the period April-November 2018-19 was $217.52 billion as against $194.93 billion during the period April-November 2017-18, registering a positive growth of 11.58 per cent in dollar terms," the Ministry said in its review statement.

"Non-petroleum and non-gems and jewellery exports in November 2018 were $18.57 billion, as compared to $19.32 billion in November 2017, exhibiting a negative growth of 3.93 per cent."

As per the data, petroleum products, organic and inorganic chemicals, drugs and pharmaceuticals and electronic goods showed a high export growth during the month under review.

On the other hand, imports in November grew by 4.31 per cent to $43.17 billion.

"Oil imports in November 2018 were $13.49 billion, which was 41.31 percent higher in dollar terms, compared to $9.55 billion in November 2017," the statement said.

Global Brent crude oil price has increased by 4.16 per cent in November 2018 vis-à-vis November 2017.

"Non-oil imports in November 2018 were estimated at $29.68 billion which was 6.79 per cent lower in dollar terms, compared to $31.84 billion in November 2017," the statement said.

"Non-oil and non-gold imports were $26.92 billion in November 2018, recording a negative growth of 5.78 per cent, as compared to non-oil and non-gold imports in November 2017."

  

Top Stories


Leave a Comment

Title: India's November exports marginally up, imports rise over 4%



You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.