India's Trade Deficit Narrows To $20.98 Billion In June

India's merchandise trade deficit eased in June amid a sequential decline in imports and exports.

• Exports of engineering goods stood at $9.4 billion, 10.3% lower year-on-year.

• Petroleum product exports were at $5.5 billion, 18.3% lower than a year earlier.

• Gems and jewellery exports were at $2.2 billion, 1.4% lower on an annual basis.

• Organic and inorganic chemical exports were at $2.3 billion, 3.3% higher on an annual basis.

• Drugs and pharmaceutical exports were at $2.5 billion, 9.9% higher from over a year earlier.

• Electronic exports were at $2.8 billion, 16.9% higher from over a year earlier.

• Petroleum, crude, and product imports were up 19.6% from a year ago at $15.1 billion.

• Organic and inorganic chemical imports were at $2.5 billion, 1.3% lower on an annual basis.

• Imports of coal, coke, and briquettes were down 16.5% than a year ago at $2.9 billion.

• Imports of electronic goods were at $7.7 billion, 15.9% higher over a year earlier. 

• Machinery, electrical and non-electrical goods were at $4.1 billion, down 10.6% over the previous year.  

• Gold imports stood at $3.1 billion, 38.7% lower than a year ago.