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Exports up 5.86% in Nov, Imports dip by 16.37%

Date 12-December-2013
Subject Exports up 5.86% in Nov, Imports dip by 16.37%

New Delhi : India's exports grew by 5.86 per cent in November to USD 24.6 billion, while imports dipped to the lowest level in more than two and a half years, helping narrow the trade deficit.

While Imports in November this year fell by 16.37 per cent to USD 33.83 billion, which is the lowest figure since March 2011, Director General of Foreign Trade Anup Pujari told reporters here.

Trade deficit during the month under the review stood at USD 9.22 billion as against USD 17.2 billion in the same month last year.

According to the data released, the trade deficit for April-November, 2013-14 was estimated at USD 99.90 billion, which was lower than the deficit of USD 129.23 billion during April-November, 2012-13.

The cumulative value of exports for the period April-November 2013 -14 was USD 203.98 billion as against USD 191.95 billion registering a growth of 6.27 percent over the same period last year.

While the cumulative value of imports for the period April-November, 2013-14 was USD 303.89 billion as against USD 321.19 billion registering a negative growth of 5.39 percent over the same period last year.

Oil imports during November, 2013 were valued at USD 12.96 billion which was 1.1 percent lower than oil imports valued at USD 13.10 billion in the corresponding period last year. Oil imports during April-November, 2013-14 were valued at USD 111.05 billion which was 2.8 percent higher than the oil imports of USD 108.07 billion in the corresponding period last year. Also non-oil imports during November, 2013 were estimated at USD 20.86 billion which was 23.69 percent lower than

non-oil imports of USD 27.34 billion in November, 2012. Non-oil imports during April-November, 2013-14 were valued at USD 192.83 billion which was 9.5 percent lower than the level of such imports valued at USD 213.11 billion in April-November, 2012-13, data said .

Source : dailyshippingtimes.com

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