Merchandise exports of the country inched up 0.64 per cent, on a year-on-year basis in April, to $26.07 billion from $25.91 billion in April 2018, official data showed on Wednesday.

As per the data published by the Ministry of Commerce and Industry, petroleum products, electronic goods, organic and inorganic chemicals and drugs and pharmaceuticals showed high export growth during the month under review.

However, non-petroleum and non-gems and jewellery exports in April fell by 1.31 per cent to $19.54 billion from $19.80 billion.

On the other hand, imports grew by 4.48 per cent to $41.40 billion, from $39.63 billion reported for the corresponding month of 2018.

Oil imports in April were $11.38 billion, which was 9.26 per cent higher in dollar terms, compared to $10.41 billion in April 2018," the ministry said.

"Non-oil imports in April 2019 were estimated at $30.02 billion which was 2.78 per cent higher in dollar terms, compared to $29.21 billion in April 2018."

On an overall basis, India's exports including merchandise and services in April are estimated to have grown by 1.34 per cent to $44.06 billion over April 2018.

"Overall imports in April is estimated to be $52.83 billion, exhibiting a positive growth of 4.53 per cent over April 2018," the ministry said.

Published On : 15-05-2019

Source : Sme Times