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Last Updated : Jun 14, 2019 07:56 PM IST | Source: PTI

Exports up 3.93% in May; trade deficit widens to $15.36 bn

The deficit, the difference between exports and imports, was $14.62 billion in May 2018.

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Representative Image

India's exports grew by 3.93 per cent to $30 billion in May on account of healthy growth in sectors such as chemicals, pharmaceuticals and engineering, according to a commerce ministry data released June 14.

Imports too rose by 4.31 per cent to $45.35 billion, widening the trade deficit to $15.36 billion in May.

The deficit, the difference between exports and imports, was $14.62 billion in May 2018.

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Oil imports rose by 8.23 per cent to $12.44 billion and non-oil imports expanded by 2.9 per cent to $32.91 billion during the month under review.

Gold imports rose by 37.43 per cent to $4.78 billion.

Cumulatively, exports in April-May 2019-20 was up by 2.37 per cent to $56 billion. Imports rose by 4.39 per cent to $86.75 billion, registering a trade deficit of $30.69 billion.

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First Published on Jun 14, 2019 07:55 pm
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