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Business Economy


New Delhi, Apr 15 (UNI) Cumulative value of exports for the period April-March 2018-19 was USD 331.02 billion as against USD 303.53 billion during the same period last fiscal, a growth of 9.06 per cent, according to trade data released on Monday.
Cumulative value of imports for the period April-March 2018-19 was USD 507.44 billion as against USD 465.58 billion during the period in 2017-18, a rise of 8.99 per cent.
Imports in March 2019 were USD 43.44 billion, which was 1.44 per cent higher over imports of USD 42.82 billion in the same month last year.
India’s overall exports (Merchandise and Services combined) in April-March 2018-19 are estimated to be USD 535.45 billion, exhibiting a growth of 7.97 per cent over the same period last year.
Overall imports in April-March 2018-19 are estimated to be USD 631.29 billion, a rise of 8.48 per cent over the same period last year.
Exports in March 2019 were USD 32.55 billion, as compared to USD 29.32 billion in March 2018, a growth of 11.02 per cent.
Non-petroleum and Non Gems and Jewellery exports in March 2019 were USD 25.59 billion, as compared to USD 22.57 billion in March 2018, a rise of 13.41 per cent.
Oil imports in March 2019 were USD 11.75 billion, which was 5.55 per cent higher compared to USD 11.13 billion in March 2018.
The global Brent price ($/bbl) has decreased by 0.06 per cent in March 2019 vis-a-vis March 2018 as per data available from World Bank.
Non-oil imports in March 2019 were estimated at USD 31.69 billion which was at-par in dollar terms compared to USD 31.69 billion in March 2018.
Non-Oil and Non-Gold imports were USD 28.42 billion in March 2019, decreasing by 2.67 per cent, as compared to Non-Oil and Non-Gold imports in March 2018.
Exports in trade services in February 2019 were USD 16.58 billion also decreased by 6.54 per cent as compared to January 2019.

Imports in February 2019 were USD 9.81 billion, declined by 11.05 per cent as compared to January.
The trade deficit for March 2019 was estimated at USD10.89 billion as against the deficit of USD 13.51 billion in March 2018.

Taking merchandise and services together, overall trade deficit for April-March 2018-19 is estimated at USD 95.85 billion as compared to USD 86.05 billion in the same period last fiscal.
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