Exports remain flat at $26.5 bn in November; trade deficit widens to $16.6 bn: Commerce ministry

The deficit widened despite a steep decline of 15.6 percent in gold imports at $2.75 billion during the month under review.

Press Trust of India December 14, 2018 19:45:03 IST
Exports remain flat at $26.5 bn in November; trade deficit widens to $16.6 bn: Commerce ministry

New Delhi: India's exports grew by a meagre 0.80 percent to $26.5 billion in November, according to commerce ministry data.

Exports remain flat at 265 bn in November trade deficit widens to 166 bn Commerce ministry

Representational image. Reuters.

Imports rose by 4.31 percent to $43.17 billion during the month, leading to widening of the trade deficit to $16.67 billion.

The deficit widened despite a steep decline of 15.6 percent in gold imports at $2.75 billion during the month under review.

During April-November this fiscal, exports rose by 11.58 percent to $217.52 billion, while imports recorded a growth of 14.71 percent to $345.64 billion.

Trade deficit during the period widened to $128.13 billion as against $106.37 billion during April-November 2017-18.

Oil imports in November jumped by 41.31 percent to $13.49 billion. However, the non-oil imports dipped by 6.79 percent to $29.68 billion.

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