Exports up 10.29% to $ 23.8 bn in August; trade deficit widens to $11.64 bn

New Delhi: India's exports grew by 10.29 percent, highest in the last four months, to $23.81 billion in August, helped mainly by higher growth in petroleum products, engineering and chemicals shipments, government data showed on Friday.



Imports too rose by 21.02 percent to $35.46 billion in August from $29.3 billion in the year-ago month, according to the data released by the commerce ministry.

Trade deficit widened to $11.64 billion in the month under review from $7.70 billion in August 2016, due to increase in gold imports, which rose by about 69 percent to $1.88 billion in August.

Oil imports grew by 14.22 percent to $7.75 billion in August.

Cumulative exports during April-August of 2017-18 rose by 8.57 percent to $118.57 billion, while imports increased by 26.63 percent to $181.71 billion, leaving a trade deficit of $63.14 billion.

"In continuation with the positive growth exhibited by exports for the last twelve months, exports during August have shown growth of 10.29 percent in dollar terms," the ministry said in a statement.

Updated Date: Sep 15, 2017 19:37 PM

Also Watch

Social Media Star: India’s top lifestyle bloggers share their trade secrets on the latest episode
  • Friday, July 27, 2018 First Day First Showsha — Reviewing Tom Cruise's Mission: Impossible - Fallout in 10 questions
  • Friday, August 10, 2018 It's a Wrap: Fanney Khan stars Anil Kapoor, Rajkummar Rao, Pihu Sand in conversation with Parul Sharma
  • Wednesday, August 15, 2018 Partition's real cost: Sonam Kalra revisits accounts of separation, loss in a spellbinding performance
  • Monday, August 13, 2018 Asian Games 2018: How Indian women's hockey team moved on from heartbreak at London World Cup

Also See