Export up 3.94% to $22.54 bn in July; trade deficit widens to $11.44 bn

New Delhi: India's export grew by 3.94 percent on a yearly basis to $22.54 billion in July on account of rise in shipments of petroleum, chemicals and marine products, official data released on Monday showed.

Reuters

Reuters

Import too rose by 15.42 percent to $34 billion in July from $29.45 billion in the year-ago month due to rise in inward shipments of crude oil and gold.

A rise in gold import shot up the country's trade deficit to $11.44 billion in the month under review from $7.76 billion in July 2016, the data released by the commerce ministry showed.

Gold import increased by 95 percent to $2.10 billion in July against $1.07 billion in the same month last year.

Oil import was valued at $7.84 billion in July, an increase of 15 percent over the same month in 2016.

Cumulative export during April-July of 2017-18 rose by 8.91 percent to $94.75 billion while import increased by 28.30 percent to $146.25 billion, leaving a trade deficit of $51.5 billion.


Updated Date: Aug 14, 2017 18:35 PM

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