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Trade Deficit News

Exports jump 69.35% to $32.27 Billion in May; Trade Deficit At $6.28 Billion

India's exports rose by 69.35 per cent to USD 32.27 billion in May, driven by healthy growth in sectors such as engineering, petroleum products and gems and jewellery, even as trade deficit widened to USD 6.28 billion, according to government data ...

Exports Climb To USD 32.21 Billion in May; Trade Deficit at USD 6.32 Billion

India's exports grew by 67.39 per cent to USD 32.21 billion in May driven by healthy growth in sectors such as engineering, pharmaceuticals, petroleum products and chemicals, according government data released on Wednesday. Exports in May last year stood at USD ...

Imports Rose 7% In Feb, Trade Deficit Widened To $12.88 Billion

India's exports marginally declined by 0.25% to $27.67 billion in February while imports grew by 6.98% to $40.55 billion during the month, according to provisional data released by the commerce ministry on Tuesday. The ministry's statement further said that the trade ...

Gold Imports By India Fell 40% In The Last 8 Months

Gold imports which have a bearing on the current account deficit, fell 40% to $12.3 billion during April-November, according to data from the commerce ministry. The fall in imports is largely due to a decline in demand amid the COVID-19 pandemic and ...

Trade Deficit At 10-Month High As Exports Decline For Second Month In A Row

Exports declined for the second straight month in November on continued muted demand in major overseas markets. Outbound shipments were down by 8.7% in November when compared to 5.1% in October. A contraction in shipments at key sectors like petroleum, engineering, ...

Surge In Crude Oil Prices Ups Risk Of A Decline In Rupee's Valuation

Rising crude oil prices along with widening trade deficit have elevated the depreciation risk level for the Indian rupee. On Monday, the international benchmark for oil prices- Brent crude futures (February)- rose 8 cents or 0.2% to $50.05 a barrel and ...

On Sharp Fall In Imports, India Records Highest Ever Current Account Surplus In Apr-June

India's current account surplus rose to $19.8 billion or 3.9 percent of GDP (gross domestic product) in the June quarter as merchandise imports declined sharply amid the COVID-19 pandemic, the Reserve Bank of India said on Wednesday. The current account ...

India Returns To Trade Deficit In July

In July, India posted a trade deficit of $4.83 billion in goods after reporting its first trade surplus in over 18 years in the previous month. Data from the Ministry of Commerce & Industry released on 14 August showed that India's ...

India's Trade Deficit With China Reduces To $48.66 Billion

According to government data, India's trade deficit with China has fallen to $48.66 billion in the financial year 2019-20 on account of a decline in imports from the neighbouring country. During the year, exports to China stood at $16.6 billion, while ...

India's Merchandise Exports In April Fell Over 60%, But Trade Deficit Narrows

According to data released by the Ministry of Commerce & Industry on Friday, India's overall exports for the month of April has been estimated to be $27.96 billion, 36.65 percent lower than the same period last year. Overall imports in April ...

India's Trade Deficit Narrows In Feb As Exports Rise For The First Time In 7 Months

The country's trade deficit sharply narrowed in February to $9.85 billion from $15.17 billion in the previous month, on account of a rise in exports, as per data released by the Commerce Ministry on Friday. Trade deficit stood at $9.72 billion ...

India’s Exports Falls For The 6th Straight Month In Jan; Trade Deficit Widens

In January, India's exports fell by 1.66 percent to $25.97 billion, the sixth straight month of contraction, on account of a significant fall in shipments of petroleum, plastic, carpet, gems and jewellery, and leather products. Trade deficit to a seven-month high ...