Exports rise by 2.25% to 26.33 billion US dollar in July

India's exports grew by 2.25 per cent to  26.33 billion US dollar in July this year. According to data released by the Ministry of Commerce and Industry, Imports, however, slipped by 10.43 per cent to 39.76 billion US dollar, narrowing trade deficit to  13.43 billion US dollar in July. 

The deficit was  18.63 billion US dollar in July last year. Export sectors that recorded positive growth in the last month



include chemical, iron and pharmaceuticals. Shipments of gems and jewellery, engineering goods, petroleum products recorded negative growth. As per data, oil imports declined 22.15 per cent to  9.6 billion US dollar. Cumulatively, from April to July 2019, exports dipped 0.37 per cent to  107.41 billion US dollar, while imports were contracted by 3.63 per cent to 166.8 billion US dollar.