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Last Updated : Sep 13, 2019 07:38 PM IST | Source: PTI

August exports decline 6% to $26.13 bn; trade deficit narrows

Export sectors that recorded positive growth in the last month include iron ore, electronic goods, spices, and marine products.


India's exports dropped by 6.05 per cent to $26.13 billion in August compared to the year-ago month, official data released on Friday showed. Imports too declined by 13.45 per cent to $39.58 billion, narrowing trade deficit to $13.45 billion in August.

The deficit was $17.92 billion in August last year.

Export sectors that recorded positive growth in the last month include iron ore, electronic goods, spices, and marine products.

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Shipments of gems and jewellery, engineering goods, petroleum products recorded negative growth, according to the data.

Oil imports declined by 8.9 per cent to $10.88 billion, and non-oil imports fell by 15 per cent to $28.71 billion.

Cumulatively, during April-August 2019, exports were down 1.53 per cent to $133.54 billion while imports contracted by 5.68 per cent to $206.39 billion.

Gold imports plunged 62.49 per cent to $1.36 billion in August.

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First Published on Sep 13, 2019 07:30 pm
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