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Home News News and Press Release Month 7 2019 2019 (7) This
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Widening of Trade Deficit

July 12, 2019
  • Contents

The details of India’s merchandise exports, imports and trade deficit in May 2018 and May 2019 are as follows:

Category

Value (in Billion USD)

May-18

May-19

% Growth

May-2019 over May-2018

Export

28.94

29.99

3.63

Import

43.92

45.35

3.27

Trade Deficit

-14.97

-15.36

2.59

Source: DGCI&S, Kolkata

Trade deficit marginally widened to USD 15.36 billion in May 2019 from USD 14.97 billion in May 2018, with exports growing faster than imports. Exports increased to USD 29.99 billion in May 2019 from USD 28.94 billion in May 2018, registering a positive growth of 3.63% and Import increased to USD 45.35 billion in May 2019 from USD 43.92 billion in May 2018, registering a positive growth of 3.27%.

The details of India’s exports of Electronic Goods and Organic & Inorganic Chemical sectors in May 2018 and May 2019 are as follows:

(Value in USD Million)

S. No.

Sector

May,        
2018

May,   
2019

% Change

1

Electronic Goods

603.59

911.23

50.97

2

Organic & Inorganic Chemical

1723.77

2079.56

20.64

Source: DGCI&S, Kolkata

Exports of Electronic Good and Organic & Inorganic Chemicals have shown high growth in May 2019 over May 2018.

This information was given by the Minister of Commerce and Industry, Piyush Goyal, in a written reply in the Rajya Sabha today.

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