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  Business   In Other News  15 Jun 2018  Trade deficit widens to 4-month high of USD 14.62 billion

Trade deficit widens to 4-month high of USD 14.62 billion

PTI
Published : Jun 15, 2018, 2:57 pm IST
Updated : Jun 15, 2018, 3:00 pm IST

Trade deficit widened to USD 14.62 billion from USD 13.84 billion in May 2017.

Commerce Minister Suresh Prabhu said exports in May rose by 28.18 per cent to USD 28.86 billion while imports were up 14.85 per cent to USD 43.48 billion.
 Commerce Minister Suresh Prabhu said exports in May rose by 28.18 per cent to USD 28.86 billion while imports were up 14.85 per cent to USD 43.48 billion.

New Delhi: India's trade deficit widened to four month high of USD 14.62 billion in May as imports surged nearly 15 per cent, the government said on Friday.

Commerce Minister Suresh Prabhu said exports in May rose by 28.18 per cent to USD 28.86 billion while imports were up 14.85 per cent to USD 43.48 billion. Trade deficit widened to USD 14.62 billion from USD 13.84 billion in May 2017. Oil imports were up 49.46 per cent to USD 11.5 billion on back of surge in international crude prices. Gold imports were up 16.6 per cent to USD 1.18 billion in May.

 

Tags: trade deficit, suresh prabhu, commerce minister, crude prices
Location: India, Delhi, New Delhi