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September 1st week exports jump 13.35%, imports down 21.37%

Source: ANI
September 10, 2020 12:26 IST
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India's exports during the first week of September jumped 13.35 per cent year-on-year to $ 6.12 billion, official data released on Thursday showed.

At the same time, imports declined by 21.37 per cent to $ 6.85 billion. Consequently, the deficit during September 1 to 7 worked out to $ 730 million.

 

The exports of non-petroleum products totalled $ 5.7 billion in the same period while imports were to the tune of $ 5.54 billion.

Of these, exports of engineering goods increased by 18 per cent to $ 254 million, organic and inorganic chemicals by nearly 37 per cent to $ 146 million, and drugs and pharmaceuticals by 34 per cent to $ 146 million.

The imports of pulses increased by 101 per cent to $ 26 million, vegetable oil by 39 per cent to $ 72 million and electronic goods by 6 per cent to $ 73 million.

The trends by partner countries showed that exports to China during September 1 to 7 increased by 7.5 per cent to $ 188 million while exports to the United States increased by 20 per cent to $ 174 million and to Malaysia by 2.6 per cent to $ 87 million.

However, imports in the same period from Ghana increased by 1,521 per cent to $ 49 million, from Angola by 171 per cent to $ 28 million and from China by 2.7 per cent to $ 36 million.

There was a decline in exports to the United Arab Emirates, Singapore and Belgium and imports from Nigeria, the United States and Iraq. 

Photograph: Reuters.

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Source: ANI
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