Overall trade deficit for the current fiscal rose to Rs 87,973.38 crore in November as compared to Rs 68,335.26 crore during the same period last year, said Ministry of Commerce & Industry.

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The Ministry on Thursday, released a data which showed that taking merchandise and services together,  overall trade deficit for April- November period dropped to Rs 4.43 lakh crore as against Rs 5.71 lakh crore during April-November period last year. 

EXPORTS

In the month of November the exports (including re-exports) rose by 4.63% (in terms of crores) to Rs 1.35 lakh crore as compared to Rs 1.29 lakh crore in November 2015.

Till now, from April-November, the exports increased by 3.92% (in terms of crores) to Rs 11.71 lakh crore as against Rs 11.27 lakh crore respectively during the same period last year.

IMPORTS

Last month, the imports jumped by 12.96% (in terms of crore) to Rs 2.23 lakh crore as compared to Rs 1.97 lakh crore respectively in November, 2015.

During the period April-November, the imports declined by 4.91% (in terms of crore) to Rs 11.71 lakh crore as against Rs 11.27 lakh crore during the same period last year.

Oil imports during November, 2016 were valued at $6837.76 million which was 5.89% higher than oil imports valued at $6457.37 million in November 2015. Oil imports during April-November, 2016-17 were valued at $53276.41 million which was 13.51% lower than the oil imports of $61596.76 million in the corresponding period last year.

Non-oil imports during November, 2016 were estimated at $26180.69 million which was 11.7% higher than non-oil imports of $23439.04 million in November, 2015. Non-oil imports during April-November 2016-17 were valued at $187825.19 million which was 6.89% lower than the level of such imports valued at $201717.60 million in April-November, 2015-16.

Moreover, as per the data released by the Reserve Bank of India, exports during October 2016 were valued at $13113 million (Rs 87,526.26 crore) registering a negative growth of 4.79% in dollar terms as compared to positive growth of 2.93% during September 2016.

Imports during October 2016 were valued at $7680 million (Rs 51262.23 Crore) registering a negative growth of 7.51% in dollar terms as compared to positive growth of 3.10% during September 2016.