India exports grew over 20% YoY
Gems & Jewellery exports grew about 23.95% YoY
India’s overall exports (Merchandise and Services combined) in April-August 2018-19* are estimated to be USD 221.83 Billion, exhibiting a positive growth of 20.70 per cent over the same period last year. Overall imports in April-August 2018-19* are estimated to be USD 269.54 Billion, exhibiting a positive growth of 21.01 per cent over the same period last year.
At Merchandise Trade front, Exports (including re-exports in August 2018 were US $ 27.84 Billion, as compared to US $ 23.36 Billion in August 2017, exhibiting a positive growth of 19.21 per cent. In Rupee terms, exports were Rs. 1,93,624.74 Crore in August 2018, as compared to Rs. 1,49,398.90 Crore in August 2017, registering a positive growth of 29.60 per cent.
In August 2018, major commodity groups of export showing positive growth over the corresponding month of last year are Cumulative value of exports for the period April-August 2018-19 was US $ 136.09 Billion (Rs 9,23,447.82 Crore) as against US $ 117.19 Billion (Rs 7,54,218.89 Crore) during the period April-August 2017-18, registering a positive growth of 16.13 per cent in Dollar terms (22.44 per cent in Rupee terms). Gems & Jewellery exports grew about 23.95% YoY.
Non-petroleum and Non Gems and Jewellery exports in August 2018 were US $ 20.70 Billion, as compared to US $ 17.78 Billion in August 2017, exhibiting a positive growth of 16.45 per cent. Non-petroleum and Non Gems and Jewellery exports in April-August 2018-19 were US $ 99.24 Billion, as compared to US $ 87.60 Billion for the corresponding period in 2017-18, an increase of 13.28 %.
*Note: Services data pertains to April-July 2018-19 as July 2018 is the latest data available as per RBI’s Press Release dated 14th September 2018. It is arrived at by adding Month-wise QE data of RBI’s press release for April to July 2018-19. This data is provisional and subject to revision by RBI. In addition, it may be noted that data for August 2018 is estimated and added to the April-July 2018-19 data of RBI to calculate the Overall Trade Deficit for April-August 2018-19. It will be revised based on RBI’s next press release for August 2018.
Key: gem-n-jewellery export, India August export, gj exports
