exports grew 19.21% to $27.84 billion in August due to healthy performance by
sectors such as petroleum.
“Export trade during August 2018 recorded
at $27.84 billion, a positive growth of 19.21%. Exports excluding petroleum
also reported a positive growth of 17.43%,” Commerce and Industry Minister
Suresh Prabhu said in a tweet.
Merchandise imports, too, rose 25.41% to
$45.24 billion last month due to rising crude oil prices, leaving a trade
deficit of $17.4 billion. In July, trade deficit soared to a near five-year
high of $18.02 billion.
During April-August of the current fiscal,
exports recorded a growth of 16.13%, while imports during the first five months