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BW Businessworld

Export Up 4.39% In June; Trade Deficit Widens To $12.96 Billion

Import too rose by 19 per cent to $36.52 billion in June from $30.68 billion in the year-ago month due to rise in inward shipments of oil and gold.

Photo Credit : Reuters

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India's export grew by 4.39 per cent to $23.56 billion in June as shipments of chemicals, engineering and marine products improved, according to the official data released on Friday (14 July).

Import too rose by 19 per cent to $36.52 billion in June from $30.68 billion in the year-ago month due to rise in inward shipments of oil and gold.

A rise in import shot up the country's trade deficit to $12.96 billion in the month under review from $8.11 billion in June 2016, the data released by the Commerce Ministry showed.

Gold import rose to $2.45 billion in June against $1.20 billion in the same month last year.

Oil import was valued at $8.12 billion in the month, an increase of 12.04 per cent over the same in June 2016.

Export in the first quarter of 2017-18 rose by 10.57 per cent to $72.21 billion while import surged 32.78 per cent to $112.2 billion, leaving a trade deficit of $40 billion.

(PTI)


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trade deficit gold import oil import Import and Export