Exports up marginally to $28 bn in December on slump in engineering, gems and jewellery sector growth; gold imports decline

  • Imports dipped by 2.44 percent to $41 billion during the last month, narrowing the trade deficit to $13 billion

  • Gold imports declined by 24.33 percent to $2.56 billion in December last year as against $3.39 billion in the same month of 2017

  • Oil imports in December 2018 rose by 3.16 percent to $10.67 billion

New Delhi: The country's exports grew marginally by 0.34 percent to $27.93 billion in December 2018 on account of negative growth in sectors such as engineering and gems & jewellery, according to a commerce ministry data.

Imports, however, dipped by 2.44 percent to $41 billion during the last month, narrowing the trade deficit to $13 billion.

 Exports up marginally to  bn in December on slump in engineering, gems and jewellery sector growth; gold imports decline

Representational image. Reuters.

The trade deficit stood at $14.2 billion in December 2017.

Gold imports declined by 24.33 percent to $2.56 billion in December last year as against $3.39 billion in the same month of 2017.

During April-December this fiscal, exports grew by 10.18 percent to $245.44 billion. Imports rose by 12.61 percent to $386.65 billion.

The trade deficit widened to $141.2 billion during the nine months of the current fiscal from $120.57 billion in April-December 2017-18.

Oil imports in December 2018 rose by 3.16 percent to $10.67 billion.

 

 

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Updated Date: Jan 15, 2019 19:08:10 IST



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