SME Times News Bureau | 14 Jun, 2019
Merchandise exports rose 3.93 percent on a
year-on-year basis in May to $29.99 billion from $28.86 billion reported for
the corresponding month of last year, official data showed on Friday.
India’s overall exports (Merchandise and Services
combined) in April-May 2019-20* are estimated to be USD 92.33billion,
exhibiting a positive growth of 4.32per cent over the same period last year,
said an official release.
Overall imports in April-May 2019-20 are estimated
to be USD 109.75billion, exhibiting a positive growth of 5.30per cent over the
same period last year, it added.
As per the data furnished by the Ministry of Commerce and Industry, electronic
goods, organic and inorganic chemicals, drugs and pharmaceuticals and
engineering goods showed high export growth during the month under review.
"Non-petroleum and non-gems and jewellery exports in May 2019 were $21.42
billion as compared to $19.94 billion in May 2018, exhibiting a positive growth
of 7.42 per cent," the ministry said.
Oil imports in May were $12.44 billion, which was 8.23 per cent higher in
dollar terms, compared to $11.50 billion in May 2018.
"Non-oil imports in May 2019 were estimated at $32.91 billion which was
2.90 per cent in dollar terms, compared to $31.98 billion in May 2018,"
the ministry said.