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India's trade deficit up at $13.7 bn in April
Commodity Online | May 16 2018
UPDATED 10:32:39 IST

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India's exports rose by 5.17% year-on-year to $25.9 billion in April on back of good show by sectors like engineering, pharmaceutical and chemicals, according to the commerce ministry data.

Imports during the month were valued at $39.6 billion, up 4.6% over April 2017.

The gap between imports and exports or trade deficit was marginally higher at $13.7 billion during April 2018 compared to $13.24 billion in April 2017, the data showed.

Merchandise exports were in negative zone in March 2018.

Major commodity groups showing positive export growth in April on annual basis include engineering goods (17.63%), chemicals (38.48%), pharmaceuticals (13.56%), yarn and handloom products (15.66%) and plastic and linoleum (30.03%).

Non-petroleum and non-gems and jewellery exports in April 2018 were valued at $19.8 billion as against $17.7 billion in April 2017, showing an increase of 11.73%, according to the data released by the Commerce Ministry.

Oil imports were valued at $10.4 billion, up 41.45% over April 2017.

"In this connection it is mentioned that the global Brent prices ($/bbl) have increased by 35.20% in April 2018 vis-à-vis April 2017 as per World Bank commodity price data," the ministry said.

Non-oil imports during April 2018 were estimated at $29.21 billion, which was 4.3% lower than non-oil imports of $30.5 billion in April 2017.

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

Commodity Arrivals Rate
Mustard Oil 0.5 9500.00
Coconut Oil 35 16550.00
Arecanut 17 23000.00
Sugar 403 3200.00

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