MUMBAI, July 16 (Xinhua) -- India's trade deficit touched 11- month high at 11.76 billion U.S. dollars in June, according to official data released on Wednesday.
The June trade deficit touched 11-month high to 11.76 billion U. S. dollars against 11.23 billion U.S. dollars in May and 11.28 billion U.S. dollars in June of last year.
Even though the exports rose 10.2 percent to 26.48 billion U.S. dollars year-on-year , they declined from 28 billion U.S. dollars on a month-on-month basis.
The imports, which grew 8.3 percent to 38.24 billion U.S. dollars, dipped marginally from 39.23 billion U.S. dollars on a month-on-month basis, according to the Ministry of Commerce and Industry's data.
Oil imports increased by 10.9 per cent in June to 13.34 billion U.S. dollars. Non-oil imports during the month under review were up by 7 per cent to 24.9 billion U.S. dollars.
The country's gold imports were up by 65.13 per cent to 3.12 billion U.S. dollars in June this year, compared to 1.88 billion U. S. dollars in the same month of last year.
For the first three months of the year (April-June), the trade deficit stood at 33.08 billion U.S. dollars; exports rose 9.3 percent to 80.11 billion U.S. dollars, while imports declined 6.9 percent to 113.20 billion U.S. dollars.
The commerce ministry for the first time included the services exports data for May released earlier by the Reserve Bank of India (RBI). Services exports in May were valued at 13.9 billion U.S. dollars, while services imports stood at 8 billion U.S. dollars, leaving behind a services trade deficit of 5.9 billion U.S. dollars.
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