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Exports.9.Thmb.jpg Exports rise 4 pc in May

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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.

 
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