India’s April-Jan FY19 trade deficit zooms to$155.93 billion
15 Feb 2019
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India’s merchandise trade deficit zoomed to $155.93 billion during April-January 2018-19 with the addition of $14.73 million in January 2019, even as the gap between the country’s imports and exports declined from $15.67 billion in January 2018 to an estimated $14.73 billion in January this year.
India imported goods worth $427.73 billion in the first ten months of the current financial year (April-January 2018-19) against exports worth $271.80 billion, registering a trade deficit of $155.93 billion.
Exports in January 2019 stood at $26.36 billion (Rs1,86,453.23 crore), against exports worth $25.41 billion (Rs1,61,697.38 crore) in January 2018, showing a growth of 3.74 per cent. In dollar terms and a 15.31 per cent growth in rupee terms.
Cumulative value of exports for the period April-January 2018-19 stood at $271.80 billion (Rs18,98,358.83 crore) against $248.18 billion (Rs15,98,311.63 crore) during April-January 2017-18, showing a growth of 9.52 per cent in dollar terms and an 18.77 per cent growth in rupee terms.
Non-petroleum and non-gem and jewellery exports in January 2019 stood at $19.90 billion against $18.40 billion in January 2018, showing a positive growth of 8.17 per cent. Non-petroleum and non-gem and jewellery exports in April-January 2018-19 stood at $197.56 billion against $183.05 billion in the corresponding period in 2017-18, an increase of 7.92 per cent.
India’s imports in January 2019,on the other hand, were valued at $ 41.09 billion (Rs2,90,611.86 crore), which was 0.01 per cent higher in dollar terms and 11.16 per cent higher in rupee terms over imports of $41.08 billion (Rs2,61,441.48 crore) in January 2018.
Cumulative value of imports for the April-January 2018-19 period stood at $427.73 billion (Rs29,87,918.68 crore), against $384.42 billion (Rs24,75,812.40 crore) during April-January 2017-18, showing a growth of 11.27 per cent in dollar terms and a 20.68 per cent growth in rupee terms.
India’s oil imports in January 2019 were valued at $11.24 billion (Rs79,508.06 crore), which was 3.59 per cent lower in dollar terms and 7.16 per cent higher in rupee terms, compared to oil imports worth $11.66 billion (Rs74,195.96 crore) in January 2018.
Oil imports in April-January 2018-19 were valued at $119.34 billion (Rs8,34,763.84 crore), which was 36.65 per cent higher in dollar terms and 48.45 per cent higher in rupee terms compared to $87.33 billion (Rs562,321.87 crore), over the same period last year.
Non-oil imports in January 2019 were estimated at $29.85 billion (Rs2,11,103.80 crore), which was 1.43 per cent higher in dollar terms and 12.74 per cent higher in rupee terms, compared to $29.42 billion (Rs187,245.52 crore) in January 2018.
Non-oil imports in April-January 2018-19 stood at $308.39 billion (Rs21,53,154.84 crore), which was 3.80 per cent higher in dollar terms and 12.52 per cent higher in rupee terms, compared to $297.09 billion (Rs19,13,490.53 crore) in April-January 2017-18.
