April exports rise 5.17% to $25.91 bn on healthy performance by engineering, chemicals, pharmaceuticals

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

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

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

Representational image. Reuters.

Representational image. Reuters.

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

The engineering, chemicals and pharmaceutical exports logged a growth of 17.63 percent, 38.48 percent and 13.56 percent respectively during the month.

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

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

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

Updated Date: May 15, 2018 20:35 PM

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