Trade deficit widens to four-month high of $14.62 bn in May as oil imports surge 50%: Commerce ministry data

New Delhi: India's trade deficit widened to four-month high of $14.62 billion in May as imports surged nearly 15 percent, the government said today.

Representational image. Reuters.

Representational image. Reuters.

Commerce Minister Suresh Prabhu said exports in May rose by 20.18 percent to $28.86 billion while imports were up 14.85 percent to $43.48 billion.

Trade deficit widened to $14.62 billion from $13.84 billion in May 2017.

Oil imports were up 49.46 percent to $11.5 billion on back of surge in international crude prices.

Gold imports were dropped by 29.85 percent to $3.48 billion in May compared to $4.96 billion in May 2017.


Updated Date: Jun 15, 2018 19:09 PM

Also Watch

Social Media Star: Abhishek Bachchan, Varun Grover reveal how they handle selfies, trolls and broccoli
  • Monday, July 16, 2018 It's a Wrap: Soorma star Diljit Dosanjh and Hockey legend Sandeep Singh in conversation with Parul Sharma
  • Monday, July 16, 2018 Watch: Dalit man in Uttar Pradesh defies decades of prejudice by taking out baraat in Thakur-dominated Nizampur village
  • Monday, July 16, 2018 India's water crisis: After govt apathy, Odisha farmer carves out 3-km canal from hills to tackle scarcity in village
  • Sunday, July 15, 2018 Maurizio Sarri, named as new Chelsea manager, is owner Roman Abramovich's latest gamble in quest for 'perfect football'

Also See