ISSUE
Friday, August 15, 2025
Volume 16 . Issue 72
Slowdown in global demand scenario and a dip in prices of petroleum products dented India's exports for the 11th straight month in October with merchandise exports declining by 17.53 per cent, official data showed.
According to the data furnished by the commerce and industry ministry, India's October merchandise exports fell to $21.35 billion from $25.89 billion worth of goods shipped out during the corresponding month of last year.
As per the ministry's data, imports during the month under review plunged by 21.15 per cent at $31.12 billion from $39.46 billion shipped in during the corresponding month of 2014.
During October, the oil imports fell by 45.31 per cent to $6.84 billion from $12.51 billion.
Trade deficit during October dipped on a year-on-year basis and stood at $9.76 billion, as compared to $13.57 billion in the corresponding month of last year.
The data showed that the cumulative exports for the period between April and October 2015–16 fell by 17.62 per cent to $154.29 billion from $187.28 billion during last year's corresponding period.
In addition, the cumulative figure for imports too showed a downward trajectory. It went down by 15.17 per cent to $232.05 billion during the period under review from $273.55 billion.
Cumulatively, trade deficit during the April-October period receded on a year-on-year basis and stood at $77.76 billion, as compared to $86.26 billion in the corresponding period of last year.
Slowdown in global demand scenario and a dip in prices of petroleum products dented India's exports for the 11th straight month in October with merchandise exports declining by 17.53 per cent, official data showed.
According to the data furnished by the commerce and industry ministry, India's...
Slowdown in global demand scenario and a dip in prices of petroleum products dented India's exports for the 11th straight month in October with merchandise exports declining by 17.53 per cent, official data showed.
According to the data furnished by the commerce and industry ministry, India's October merchandise exports fell to $21.35 billion from $25.89 billion worth of goods shipped out during the corresponding month of last year.
As per the ministry's data, imports during the month under review plunged by 21.15 per cent at $31.12 billion from $39.46 billion shipped in during the corresponding month of 2014.
During October, the oil imports fell by 45.31 per cent to $6.84 billion from $12.51 billion.
Trade deficit during October dipped on a year-on-year basis and stood at $9.76 billion, as compared to $13.57 billion in the corresponding month of last year.
The data showed that the cumulative exports for the period between April and October 2015–16 fell by 17.62 per cent to $154.29 billion from $187.28 billion during last year's corresponding period.
In addition, the cumulative figure for imports too showed a downward trajectory. It went down by 15.17 per cent to $232.05 billion during the period under review from $273.55 billion.
Cumulatively, trade deficit during the April-October period receded on a year-on-year basis and stood at $77.76 billion, as compared to $86.26 billion in the corresponding period of last year.
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