India's trade deficit widens to $15.33 bn in April
Commodity Online | May 16 2019
UPDATED 10:51:31 IST

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India's trade deficit widened to a five-month high in April due to rise in crude oil imports coupled with muted growth in export amid rising concerns over US-China trade war, government data showed.

The trade deficit, a gap between exports and imports, expanded to $15.33 billion in April 2019 as compared to $13.72 billion in April 2018 and $10.89 billion in last month, according to data release from the Ministry of Commerce.

Merchandise exports inched up by 0.64% year-on-year to $26.07 billion in April, while imports rose by 4.48% to $41.4 billion compared to the same month last year.

Much of the rise in imports came from crude purchases, which rose by 9.26% to $11.38 billion.

India's gold imports climbed 54% to $3.97 billion in April. The rise in imports by the world's second-biggest consumer of the precious metal was driven by strong demand during wedding season along with fall in prices which prompted purchases.

 

Commodity Arrivals Rate
Mustard Oil 1.3 2600.00
Arecanut 1.08 19500.00
Sugar 368 3402.00
Gur 60 4650.00

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