Exports have shown a decline in the period from October 2016 to October 2017.
Exports in October 2017 are valued at USD 23098.18 million as compared to USD 23360.61 million during October 2016, a decline of 1.12 percent in dollar terms.
During October 2017, major commodity groups of export showing positive growth over the corresponding month of last year are Engineering Goods (11.77%), Petroleum Products (14.74%), Organic & Inorganic Chemicals (22.29%), Cotton Yarn/Fabs./made-ups, Handloom Products etc. (4.83%), Marine Products (8.52%) and Plastic & Linoleum (24.46%).
Imports during October 2017 were valued at USD 37117.01 million (Rs 241562.31 crore) which was 7.60 per cent higher in Dollar terms and 4.91 per cent higher in Rupee terms over the level of imports valued at USD 34495.09 million (Rs. 230246.81 crore) in October 2016.
Oil imports during October 2017 were valued at USD 9286.74 million which was 27.89 percent higher than oil imports valued at USD 7261.23 million in October 2016.
The trade deficit for October 2017 was estimated at USD 14018.83 million as against the deficit of USD 11134.48 million during October 2016.