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16
May 2018
 |
Indias exports (The Total Investment & Insurance
Solutions)
Buoyed by a rise in exports
of engineering goods, handloom products and chemicals, India’s merchandise
exports rose 5.17% in April after moderating for four months. Exports were
$25.91 billion last month, as per data released by commerce and industry ministry
on Tuesday.
Imports grew 4.6% in the first month of the new fiscal at $39.63 billion leaving a trade deficit of $13.72 billion, similar as March.
Gold imports declined 33% imports last month to $2.6 billion.
Exports in sixteen out of 30 sectors grew and the major commodity groups of export showing positive growth year-on-year were engineering goods (17.63%), organic & inorganic chemicals (38.48%), drugs & pharmaceuticals (13.56%), cotton yarn/handloom products (15.66%) and plastics (30.03%).
Imports grew 4.6% in the first month of the new fiscal at $39.63 billion leaving a trade deficit of $13.72 billion, similar as March.
Gold imports declined 33% imports last month to $2.6 billion.
Exports in sixteen out of 30 sectors grew and the major commodity groups of export showing positive growth year-on-year were engineering goods (17.63%), organic & inorganic chemicals (38.48%), drugs & pharmaceuticals (13.56%), cotton yarn/handloom products (15.66%) and plastics (30.03%).
China’s exports rebounded in
April and rose 12.9%. The Total Investment & Insurance
Solutions
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