Crude oil imports grow by 52.58% to USD 146.57 bn in Apr-Nov

New Delhi: The country's imports of crude oil rose by 52.58 percent to USD 146.57 billion during April-November period this fiscal, according to the data of the commerce ministry. The data also showed that coal and coke imports have increased by 97.66 percent to USD 37.25 billion during April-November period this fiscal. However, gold imports dipped by 18.13 percent to USD 27.21 billion during the eight-month period of this fiscal, as per the data. The other products which recorded double digit growth in imports include electronics, chemicals, transport equipment and vegetable oil.

Vegetable oil imports rose by 16.71%

Vegetable oil imports rose by 16.71 percent to USD 14.28 billion during the period under review.

In exports, sectors which recorded negative growth during the period include engineering goods (-2 percent), cotton yarn/fabrics/madeups (-25.79 percent) and plastic (-9.66 percent).

Windfall profit tax on crude, diesel cut as oil prices fall globally

Petroleum exports grew by 58.88%

Petroleum exports grew by 58.88 percent to USD 62.65 billion, while gems and jewellery shipments increased by 2 percent to USD 26.45 billion during the period under review.

India's exports recorded a flat growth of 0.59 percent to USD 31.99 billion in November, even as the trade deficit widened to USD 23.89 billion during the month.

Briefing on the data, Additional Secretary in the commerce ministry, L Satya Srinivas said that they are regularly monitoring the export performance through meetings with Indian missions abroad and export promotion councils.

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