April Trade Deficit Widens To $13.7 Billion

New Delhi: Country’s trade deficit slightly widened to $13.72 billion in April from $13.25 billion a year ago, government data showed on Tuesday.

Merchandise exports for April rose 5.2 per cent to $25.9 billion from a year ago.

Goods imports last month were $39.6 billion, a gain of 4.6 per cent from a year ago, data from the commerce and industry ministry showed.

The trade deficit for 2017/18 fiscal year ending in March grew to $156.8 billion from $105.72 billion in the previous year, mainly driven by a rising oil import bill – a growing concern for the central bank.

© Thomson Reuters 2018

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