India's exports rise by 5.17% in April, 2018

India's merchandise exports moved back into positive territory and grew by 5.17 percent to $ 25.91 billion in April, 2018 as compared to $ 24.64 billion in the same month of the previous year.
In rupee terms, the exports rose by 7.01% to Rs. 170052.96 crore in April, 2018 from Rs. 158913.79 crore during the corresponding of 2017.
The country's exports had fallen by 0.66% in March, 2018 after being on a positive trajectory since August, 2016 barring a blip in October, 2017.
An official press release said the major commodity groups of export which showed growth in April, 2018 over the corresponding month of the previous year were engineering goods (17.63%), organic and inorganic chemicals (38.48%), drugs and pharmaceuticals (13.56%), cotton yarn, fabs, made-ups, handloom products, etc (15.66%) and plastic and linoleum (30.03%).
The release said non-petroleum and non-gems and jewellery exports in April, 2018 were valued at $ 19.80 billion as against $ 17.72 billion in April 2017, an increase of 11.73%. 
According to it, imports during April 2018 were valued at $ 39.63 billion (Rs 260084.67 crore) which was 4.60% higher in dollar terms and 6.43% higher in rupee terms over the level of imports valued at $ 37.88 billion (Rs. 244380.52 crore) in April 2017.
Major commodity groups of import which showed high growth in April, 2018 over the corresponding month of last year were petroleum, crude and products (41.49%), machinery, electrical and non-electrical (9.11%), coal, coke and briquettes, etc. (20.43%), organic and inorganic chemicals (18.36%) and transport equipment (33.18%).
Oil imports during April 2018 were valued at $ 10.41 billion which was 41.49% higher than oil imports valued at $ 7.36 billion in April 2017. The release pointed out that global Brent prices ($/bbl) have increased by 35.20 % in April 2018 vis-à-vis April 2017 as per World Bank commodity price data.
Non-oil imports during April 2018 were estimated at $ 29.21 billion which was 4.30% lower than non-oil imports of $ 30.53 billion in April 2017.
The release said exports of services during March, 2018, the latest month for which data is available, were valued at $ 16.83 billion (Rs. 109456.91 crore), registering a positive growth of 7.16% in dollar terms as compared to negative growth of 3.84% during February, 2018.
Imports of services during March, 2018 were valued at $ 10.28 billion (Rs. 66841.93 crore), registering a growth of 1.35% in dollar terms as compared to 3.01% during February, 2018.
As far as merchandise is concerned, the trade deficit for April, 2018 was estimated at $ 13.72 billion as against the deficit of $ 13.25 billion during April, 2017.
As regards services, the trade balance for March, 2018 was estimated at $ 6.55 billion.
Taking merchandise and services together, the overall trade deficit for April-March 2017-18 is estimated at $ 80.61 billion as compared to $ 41.79 billion during April-March 2016-17. 
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