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
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. [caption id=“attachment_4233495” align=“alignleft” width=“380”]![Representational image. Reuters.]()
Representational image. Reuters.[/caption] 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.
- Home
- Business
- Trade deficit widens to four-month high of $14.62 bn in May as oil imports surge 50%: Commerce ministry data
 "Trade deficit widens to four-month high of $14.62 bn in May as oil imports surge 50%: Commerce ministry data")
 "US ready to ‘impose costs’ on Russia if war in Ukraine drags on, says Hegseth")
 "US tells Hamas to stop violence against Gaza civilians and disarm 'without delay'")
 "China seizes 60,000 maps mislabelling Taiwan, omitting South China Sea islands")
 "Syria’s Sharaa pledges to honor Russia ties, seeks economic and military support in Kremlin visit")
 "US ready to ‘impose costs’ on Russia if war in Ukraine drags on, says Hegseth")
 "US tells Hamas to stop violence against Gaza civilians and disarm 'without delay'")
 "China seizes 60,000 maps mislabelling Taiwan, omitting South China Sea islands")
 "Syria’s Sharaa pledges to honor Russia ties, seeks economic and military support in Kremlin visit")
