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Slowdown: November exports and imports fall over 12%

  •   Fri, Dec 13 2019 07:48:26 PM

New Delhi, Dec 13 (IANS): Domestic and global slowdown along with lower crude oil prices heavily dented India's external trade as both exports and imports for November showed a downward trend.

Accordingly, November exports were marginally down to $25.98 billion from $26.07 billion reported for the corresponding period of the previous year.

Even on sequential basis, exports were lower than $26.38 billion worth of merchandise that were shipped out in October.

"Non-petroleum and non-gems and jewellery exports in November 2019 were $19.31 billion, as compared to $18.55 billion in November 2018, exhibiting a positive growth of 4.08 per cent," the ministry said in a statement.

On the other hand, imports declined by 12.71 per cent to $38.11 billion in November from $43.66 billion reported for the corresponding month of 2018.

"Oil imports in November 2019 were $11.06 billion, which was 18.17 per cent lower in dollar terms, compared to $13.52 billion in November 2018," the ministry said.
  

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Comment on this article

  • Deshbhakht, Mangalore

    Fri, Dec 13 2019

    Bricks are beginning to fall off the dreams' ship Modi built to woo voters to elect him for the second term. Even Beef (Export) is not saving him.

    Please don't question the FM.
    "When asked if the Indian economy is entering into a stage of 'stagflation', the Finance Minister said, "I am not willing to discuss as to where the economy stands. I am interested in working towards improving things."
    She will have same reply if you ask her about the fall in Import/Export too.

    DisAgree Agree [3] Reply Report Abuse


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