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Exports down by 10 per cent in June

Exports down by 10 per cent in June

India Blooms News Service | @indiablooms | 15 Jul 2019, 05:48 pm

New Delhi, July 15 (UNI): Trade data for June showed that exports came down by 10 per cent at 25 billion dollars and imports also saw a drop of nine per cent.

The trade deficit for June 2019 was estimated at USD 15.28 billion as against the deficit of USD 16.60 billion in June 2018, government said on Monday.

India’s overall exports (merchandise and services combined) in April-June 2019-20 are estimated to be USD 137.26 billion, exhibiting a positive growth of 3.14 per cent over the same period last year, data released by commerce ministry said.

Overall imports in April-June 2019-20 are estimated to be USD 164.50 billion, exhibiting a positive growth of 3.57 per cent over the same period last year.

Exports in June 2019 were USD 25.01billion, as compared to USD 27.70 billion in June 2018, exhibiting a negative growth of 9.71 per cent.

Imports in June 2019 were USD 40.29billion (Rs. 2,79,771.07 crore), which was 9.06 per cent lower over imports of USD 44.30 billion (Rs.3,00,351.83 crore) in June 2018.

As per the latest statement by RBI , exports in May 2019 were USD 18.68 billion registering a positive growth of 15.49 per cent vis-à-vis May 2018.The estimated value of services export for June 2019 is USD 19.44 billion.