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India's trade deficit widens to $13.7 billion in April
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India's trade deficit widens to $13.7 billion in April
May 15, 2018 11:04 AM

Exports grew by 5.17% to $25.91 billion in April compared to the same month last year on account of healthy performance by engineering, chemicals and pharmaceutical segments, according to the commerce ministry data.

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Imports too grew by 4.60% to $39.63 billion in the month on yearly basis, leaving a trade deficit of $13.72 billion.

Oil imports during the month under review were valued at $10.41 billion, 41.5% higher than the same month of previous year.

Non-oil imports, however, dipped by 4.3% to $29.21 billion in April 2018.

Engineering, chemicals and pharmaceutical exports recorded a growth of 17.63%, 38.48% and 13.56% respectively during the month.

However petroleum products, carpet, gems and jewellery and iron ore recorded negative growth.

Gold imports too dipped by 33% to $2.58 billion in April.

Exports had dipped by 0.66% to $29.11 billion in March, even as foreign shipments increased by 9.78% for the full 2017-18 fiscal.

First Published:May 15, 2018 8:04 PM IST

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