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Business Economy


Trade deficit for April-Nov 2018-19 estimated at USD 76.19 Bn compared to 61.58 bn last FY

New Delhi, Dec 14 (UNI) Taking merchandise and services together, overall trade deficit for April-November 2018-19 is estimated at USD 76.19 Billion as compared to USD 61.58 Billion in April-November 2017-18.
Overall trade deficit in November 2018 was 16.67 billion dollars compared to 6.72 bn dollars in October this year.
Imports were 43.17 bn dollars in November and exports were 26.50 bn dollars while in the previous month imports were 16.82 bn dollars and exports 10.10 bn dollars.
In merchandise, the trade deficit for November 2018 was estimated at USD 16.67 Billion as against the deficit of USD 15.10 Billion in November 2017, according to official data released on Friday.
As per RBI, the trade balance in Services (ie Net Services export) for October 2018 is estimated at USD 6.72 Billion.
Export in November was 43.17 bn dollars and import 26.50 bn dollars while in the same month last year exports were 41.39 bn dollars and imports were 26.29 bn dollars.
Imports in October 2018 were USD 10.10 Billion (Rs 74,361.26 Crore) registering a positive growth of 1.54 per cent in dollar terms, vis-à-vis September 2018.
Exports in November 2018 were USD 26.50 Billion, as compared to USD 26.29 Billion in November 2017, exhibiting a positive growth of 0.80 per cent.
In Rupee terms, exports were Rs. 1,90,429.46 Crore in November 2018, as compared to Rs. 1,70,541.01 Crore in November 2017, registering a positive growth of 11.66 per cent.
Cumulative value of exports for the period April-November 2018-19 was USD 217.52Billion (Rs.15,14,369.74 Crore) as against USD 194.93 Billion (Rs.12,57,811.49 Crore) during the period April-November 2017-18, registering a positive growth of 11.58 per cent in Dollar terms (20.40 per cent in Rupee terms).
Non-petroleum and Non Gems and Jewellery exports in November 2018 were USD 18.57 Billion, as compared to USD 19.32 Billion in November 2017, exhibiting a negative growth of 3.93 per cent.
Non-petroleum and Non Gems and Jewellery exports in April-November 2018-19 were USD 156.55 Billion, as compared to USD 143.77 Billion for the corresponding period in 2017-18, an increase of 8.89 per cent.
Imports in November 2018 were USD 43.17 Billion (Rs. 3,10,215.46 Crore), which was 4.31 per cent higher in Dollar terms and 15.55 per cent higher in Rupee terms over imports of USD 41.39 Billion (Rs.2,68,467.53 Crore) in November 2017.
Cumulative value of imports for the period April-November 2018-19 was USD 345.64 Billion (Rs.24,07,273.87 Crore), as against USD 301.31 Billion (Rs.19,44,355.48 Crore) during the period April-November 2017-18, registering a positive growth of 14.71 per cent in Dollar terms (23.81 per cent in Rupee terms).
Oil imports in November 2018 were USD 13.49 Billion (Rs. 96,955.56 Crore), which was 41.31 percent higher in Dollar terms (56.55 percent higher in Rupee terms), compared to US $ 9.55 Billion (Rs. 61,933.97 Crore) in November 2017.
Oil imports in April-November 2018-19 were US $ 97.43 Billion (Rs. 6,79,769.26 Crore) which was 49.14 per cent higher in Dollar terms (61.21 percent higher in Rupee terms) compared to US $ 65.33 Billion (Rs. 4,21,667.12 Crore), over the same period last year.
Non-Oil and Non-Gold imports were USD 26.92 billion in November 2018, recording a negative growth of 5.78 per cent, as compared to Non-Oil and Non-Gold imports in November 2017.
Non-Oil and Non-Gold imports were USD 226.13 billion in April-November 2018-19, recording a positive growth of 6.27 per cent, as compared to Non-Oil and Non-Gold imports in April-November 2017-18.
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