India’s trade data out for Apr-Jan 2019-20

According to the data published by PIB, India’s overall exports (Merchandise and Services combined) exhibited a growth of 1.94% over the same period last year, rising to US$ 446.46 billion. Meanwhile, India’s overall imports in April-January 2019-20* are estimated to be US$ 510.62 billion, depicting a negative growth of (-)4.69% over the same period last year.

Merchandise exports in January2020 stood at US$ 25.97 billion, as compared to US$ 26.41 billion in January 2019, exhibiting a negative growth of (-) 1.66%. Imports in January 2020 stood at US$ 41.14 billion (Rs.2,93,418.56 crore), which was 0.75% lower in Dollar terms and 0.07% higher in Rupee terms over imports of US$ 41.46 billion (Rs 2,93,225.37 crore) in January 2019.

Taking merchandise and services collectively, overall trade deficit for April-January 2019-20* is estimated at US$ 64.16billion as compared to US$ 97.79billion in April-January 2018-19.