India

India Trade July 2019

India: Exports climb in July and imports drop, leading to a narrower trade deficit

Merchandise exports increased 2.3% year-on-year in July to reach USD 26.3 billion, contrasting the 9.7% decrease in June. An over 50% increase in electronic good exports, in addition to an over 20% rise in pharmaceutical exports, helped exports return to growth territory in July. Merchandise imports, meanwhile, fell 10.4% in July to USD 39.8 billion, following the 9.1% decrease in June, on reduced imports of gems and jewelry, and petroleum, crude oil and related products.

The merchandise trade deficit narrowed to USD 13.4 billion in July, down from USD 18.6 billion in the same month a year earlier and the USD 15.3 billion deficit in June. The 12-month trailing sum of the trade deficit narrowed to USD 172.9 billion in July from USD 178.1 billion in June.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest