April exports rise 5.17% to $25.91 billion | business news | Hindustan Times
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April exports rise 5.17% to $25.91 billion

Oil imports during the month under review were valued at $10.41 billion, 41.5% higher than the same month of previous year.

business Updated: May 15, 2018 18:48 IST
Press Trust of India
Press Trust of India
Press Trust of India, New Delhi
India Export,April export,India
Engineering, chemicals and pharmaceutical exports recorded a growth of 17.63 per cent, 38.48% and 13.56%.(PTI File Photo)

Exports grew by 5.17% to $25.91 billion in April compared to the same month last year on account of healthy performance by engineering, chemicals and pharmaceutical segments, according to the commerce ministry data.

Imports too grew by 4.60% to $39.63 billion in the month on yearly basis, leaving a trade deficit of $13.72 billion.

Oil imports during the month under review were valued at $10.41 billion, 41.5% higher than the same month of previous year.

Non-oil imports , however, dipped by 4.3% to $29.21 billion in April 2018.

Engineering, chemicals and pharmaceutical exports recorded a growth of 17.63 per cent, 38.48% and 13.56% respectively during the month.

However petroleum products, carpet, gems and jewellery and iron ore recorded negative growth.

Gold imports too dipped by 33% to $2.58 billion in April.

Exports had dipped by 0.66 per cent to $29.11 billion in March, even as foreign shipments increased by 9.78% for the full 2017-18 fiscal.