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Business EconomyPosted at: Dec 15 2017 6:59PM


Exports jumps 30.55pc during November 2017, touches $26 billion

New Delhi, Dec 15 (UNI) Exports during November 2017 have exhibited high positive growth of 30.55 per cent in dollar terms vis-à-vis November 2016.
According to the data released by the Ministry of Commerce and Industry, this is on the pattern of positive growth in exports in last thirteen months with a dip of 1.12 per cent in October 2017 vis-à-vis same period last year.
As per the data, exports during November 2017 are valued at 26.19 billion dollar as compared to 20.06 billion dollar during November,2016. In Rupee terms, exports were valued at Rs 169912.50 crore as compared to Rs 135699.47 crore during November,2016, registering a rise of 25.21 per cent.
During November 2017, Major commodity groups of export showing positive growth over the corresponding month of last year are Engineering Goods (43.76 per cent), Petroleum Products (47.68 per cent), Gems & Jewellery (32.69 per cent), Organic & Inorganic Chemicals (54.28 per cent), and Drugs & Pharmaceuticals (13.39 per cent).
As per the data released on Friday, Imports during November 2017 were valued at 40.02 billion (Rs 259612.29 crore) which was 19.61 per cent higher in Dollar terms and 14.73 per cent higher in Rupee terms over the level of imports valued at 33. 46 billion (Rs. 226288.21 crore) in November, 2016.
Major commodity groups of import showing high growth in November 2017 over the corresponding month of last year are Petroleum, Crude & products (39.14 per cent), Electronic goods (24.97 per cent), Pearls, precious & Semi-precious stones (85.80 per cent), Machinery, electrical & non-electrical (23.24 per cent) and Coal, Coke & Briquettes, etc. (51.80 per cent).
As far as trade balance is concerned, taking merchandise and services together, overall trade deficit for April-November 2017-18 is estimated at 60.92 billion as compared to 30.09 billion during April-November 2016-17.
UNI ADP ADG 1858
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Tags: #Exports jumps 30.55pc during November 2017# touches $26 billion
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