India’s April-October trade deficit soars to $111.16 billion

India exported goods worth $26.98 billion in October 2018 against goods worth $22.89 billion exported in October 2017, showing an year-on-year growth of 17.86 per cent. Exports in rupee terms stood at Rs1,98,634.84 crore in October, against Rs1,48,962.64 crore in October 2017, showing a growth of 33.35 per cent.       

Cumulative value of exports for the period April-October 2018-19 stood at $191.01 billion (Rs13,23,940.28 crore) against $168.64 billion (Rs10,87,270.47 crore) during April-October 2017-18, recording a growth of 13.27 per cent in dollar terms  and 21.77 per cent growth in rupee terms.

Non-petroleum and non-gems and jewellery exports in October 2018 stood at $18.94 billion, compared to $16.54 billion in October 2017, showing a growth of 14.54 per cent. Non-petroleum and non-gems and jewellery exports in April-October 2018-19 stood at $137.98 billion, against $124.45 billion for the corresponding period in 2017-18, an increase of 10.88 per cent.

Imports into the country in October 2018 stood at $44.11 billion (Rs3,24,774.78 crore), showing a growth of 17.62 per cent in dollar terms and a 33.07 per cent growth in rupee terms over imports worth $37.50 billion (Rs2, 44, 064. 20 crore) in October 2017. 

Cumulative value of imports for the period April-October 2018-19 stood at $302.47 billion (Rs20,97,058.41 crore), against imports worth $259.92 billion (Rs16,75,887.95 crore) during April-October 2017-18, showing a growth of 16.37 per cent in dollar terms and a 25.13 per cent growth in rupee terms.

India’s oil imports in October 2018 were worth $14.21 billion (Rs1,04,630.60 crore), which was 52.64 per cent higher in dollar terms and 72.70 per cent higher in rupee terms, compared to oil imports worth $9.31 billion (Rs60,586.10 crore) in October 2017. 

Oil imports in April-October 2018-19 stood at $83.94 billion (Rs5,82,813.70 crore) which was 50.48 per cent higher in dollar terms and 62.01 per cent higher in rupee terms compared to oil imports valued at $55.78 billion (Rs3,59,733.15 crore) in the same period last year.

Non-oil imports in October 2018 were estimated at $29.90 billion (Rs2,20,144.18 crore), which is 6.05 per cent higher in dollar terms and 19.98 per cent higher in rupee terms, compared to such imports valued at $28.19 billion (Rs1,83,478.10 crore) in October 2017. 

Non-oil imports in April-October 2018-19 stood at $218.53 billion (Rs15,14,244.71 crore), which is 7.05 per cent higher in dollar terms and 15.05 per cent higher in rupee terms, compared to such imports worth $204.14 billion (Rs13,16,154.80 crore) in April-October 2017-18.

Non-Oil and Non-Gold imports stood at $28.21 billion in October 2018,  showing a growth of 11.77 per cent, compared to such imports in October 2017. Non-oil and non-gold imports stood at $199.21 billion in April-October 2018-19, recording a positive growth of 8.14 per cent, compared to such imports in April-October 2017-18.