Exports slip to 2.35% at $26.95 billion in August

Zee Media Bureau

New Delhi: Exports in August slipped to 2.35 percent at $26.95 billion as the trade deficit in the same month widen to $10.83 billion.

In July, exports had slipped by by 7.33 percent to $27.72 billion while imports in the same month had grown by 4.25 percent to $39.95 billion.

Exports in the months of May and June had registered a double digit growth of 12.4 percent and 10.22 percent respectively while in the April-July period, exports had grown by 8.62 percent to $107.8 billion.

Trade deficit for August widened to $10.83 billion as against $10.68 billion in the same month last year.

Meanwhile, gold imports for the month of August soared to $2.03 billion as compared to the $738.7 million in the same month last year.