Export up 3.94% in July; trade deficit widens to United States dollars 11.44 bn

Trade deficit widens to $11.5 bn in July Exports see 3.94% growth at $22.5 bn import jumps 15.42

The growth of imports, despite continued surge in the influx of gold, slowed in July to an annual 15.4 per cent from 19 per cent in the previous month, precipitating a narrower trade deficit of $11.45 billion.

During July 2017, major commodity groups of export showing positive growth over the corresponding month of past year are Engineering Goods (15.16%), Petroleum Products (20.27%), Organic & Inorganic Chemicals (20.67%), Cotton Yarn/Fabs./made-ups, Handloom Products etc.( 5.39%) and Marine Products (30.53%).

A contraction in export of pharmaceuticals, gems & jewellery and ready-made garments hit the overall export growth in July. The growth in non-oil imports during the first four months of the fiscal was 30.46 per cent higher at $115.23 billion.

The fact that rising value of rupee is adversely impacting the bottomline of exporters is evident from the trade data which reveal that in rupee terms export growth has actually turned negative, said TS Bhasin, Chairman, Engineering Export Promotion Council.

The country's overseas shipments aggregated at $22.54 billion in July 2017 against that of $21.68 billion in the same month of a year ago, showing a growth rate of 3.94 per cent.

Mr. Bhasin added that, "while engineering exports have still been growing at a respectable pace, it is due to pick up in base metals".

Missouri School Yanks Gay Teens' Yearbook Quotes
The district's statement also noted the "importance of inclusion and acceptance", particularly in an educational setting. The pair, who were not told that their choice of quotes would not be permitted, immediately complained to the school.

Guam residents fear attack after North Korea statements
The fact sheet tells people how to prepare for an attack, and what to do if, heaven forbid, an attack actually occurred. About 163,000 people live on the island that spans only about 12 miles (19 kilometers) at its widest.

IShares MSCI Emerging Markets Indx
The latest reading places the stock above the Ichimoku cloud which indicates positive momentum and a potential buy signal. The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of stock price movements.

Exporters blamed the slowdown on the appreciating value of rupee and the liquidity crunch faced by units following the implementation of the new Goods and Services Tax (GST) regime.

Major commodity group of imports showing high growth in July were petroleum products (15.02%), electronic goods (22.5%), machinery, electrical and non-electrical (7.34%), pearls, precious and semi-precious stones (6.86%) and gold (95.05%).

Oil imports grew 15.02% in July to $7.84 billion, while non-oil imports rose 15.55% to $26.14 billion. The commerce ministry said global Brent prices rose 8.03% in July 2017 vis-à- vis July 2016 as per World Bank commodity price data.

Gold import increased by 95 per cent to United States dollars 2.10 billion in July against USD 1.07 billion in the same month a year ago.

The country's exports during the corresponding month of past year stood at $21.69 billion. Cumulative value of imports for the period April-July 2017-18 was $146256.71 million (Rs. 942740.00 crore) as against $113996.75 million (Rs. 763687.22 crore) registering a positive growth of 28.30% in Dollar terms and 23.45% in Rupee terms over the same period previous year.

Please Wait while comments are loading.


  • The only surviving Ford GT40 Roadster, and it needs a new owner…

    The only surviving Ford GT40 Roadster, and it needs a new owner…

    Price is available "upon request", and Hagerty says that other MkI GT40s in concours-quality condition hover around $5 million. You can see it in the flesh at The Quail in Monterey next week if you want to really feel alive.
    Meizu M6 Note's leaked teaser confirms launch on August 23

    Meizu M6 Note's leaked teaser confirms launch on August 23

    In terms of the software, it looks like the smartphone will be running Android 7.0 Nougat based Flyme OS out of the box. Besides, Meizu M5 Note offers Hybrid Dual SIM, 4G with VoLTE, WiFi, GPS, Bluetooth and a micro USB port.

    IFP Advisors Inc Acquires 18 Shares of Marsh & McLennan Companies, Inc. (MMC)

    The British Columbia - Canada-based Pacad has invested 0.04% in Interpublic Group of Companies Inc (NYSE:IPG). (NYSE:IBM). Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock.
  • The Lockheed Martin Corporation's (LMT)

    The Lockheed Martin Corporation's (LMT) "Hold" Rating Reaffirmed at Jefferies Group LLC

    Apart from its strong foray in the US , the company also boasts a strong opportunity in the ever-expanding global defense market. Citadel Advisors Llc decreased First Tr Exch Traded Fd Iii (FTLS) stake by 17,614 shares to 14,905 valued at $514,000 in 2016Q4.

    US Bancorp DE Increases Stake in Patterson-UTI Energy, Inc. (NASDAQ:PTEN)

    The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 21st. (NASDAQ:PTEN). Patterson-UTI Energy ( PTEN ) traded down 0.24% during midday trading on Tuesday, hitting $16.83. (NASDAQ:PTEN).
    BP starts at Juniper, Persephone

    BP starts at Juniper, Persephone

    Juniper is BPTT's 14th offshore platform in Trinidad and its sixth to be constructed at the fabrication yard in La Brea, Trinidad. Juniper in Trinidad and Persephone in Australia are now producing, meaning five of the projects are now up and running.
  • Game of Thrones fans lose it after spotting mystery ghost

    People are watching Game of Thrones extremely close making sure that they don't miss out on any small details that may occur. But the Game of Thrones showrunners, David Benioff and Dan Weiss, made a decision to dispense with the plotline altogether.
    Pantone Announces Official Prince Color: Purple 'Love Symbol #2'

    Pantone Announces Official Prince Color: Purple 'Love Symbol #2'

    When he passed suddenly of an accidental overdose at the age of 57, the world quite literally lit up with purple tributes . Follow Marie Claire on Facebook for the latest celeb news, beauty tips, fascinating reads, livestream video, and more .
    Revenue Estimates Analysis Of AMC Entertainment Holdings, Inc. (AMC)

    Revenue Estimates Analysis Of AMC Entertainment Holdings, Inc. (AMC)

    On July 18 Credit Suisse made no change to the stock rating of "Underperform" and lowered the price target from $34.00 to $17.00. This change led market cap to move at $1.89B, putting the price -60.59% below the 52-week high and -2.43% above the 52-week low.
  • Nile Rodgers misses gig due to hospitalisation

    Nile Rodgers misses gig due to hospitalisation

    The disco legend and his group Chic is now on the road with Earth, Wind & Fire for the 2054: The Tour . The Rock and Roll Hall of Famer responded, "Thanks Johnny".

    Stock Tracker: Looking at the Levels on Shares of GBM Gold Ltd

    After a recent check, PTC India Ltd.'s 14-day RSI is now at 51.36, the 7-day stands at 46.95, and the 3-day is sitting at 52.82. Tracking technicals and fundamentals may also help provide a roadmap to help separate the contenders from the pretenders.
    Shares in Tesla Inc. (NASDAQ:TSLA) Acquired by Accuvest Global Advisors

    Shares in Tesla Inc. (NASDAQ:TSLA) Acquired by Accuvest Global Advisors

    As always, Jonas focuses on Tesla's core automotive business, which now represents the vast majority of the company's revenues. ILLEGAL ACTIVITY NOTICE: This piece was first posted by TheOlympiaReport and is the sole property of of TheOlympiaReport.


Latest news

990 police personnel get medals on Independence Day eve
Another IPS officer and Haryana Inspector General (IG) Anil K Rao has been named for the Police Medal for Gallantry (PMG). Rao laid down his life while leading his team in a fierce ambush with Naxals in April in 2015 in Naxal-infested Sukma.

The Express Scripts Holding Company (ESRX) Position Increased by PGGM Investments
Finally, FNY Partners Fund LP bought a new stake in shares of Express Scripts Holding during the first quarter worth $138,000. Martingale Asset Management LP acquired 23,356 shares as Express Scripts Holdings Co (ESRX)'s stock declined 14.09%.

Fuente Names Red-Shirt Freshman Josh Jackson as Hokies' Starting Quarterback
Jackson becomes Virginia Tech's third starting quarterback in as many seasons. Last year, Fuente named Jerod Evans the starting quarterback August 25.

Rumor: Okami HD Coming to PS4, Xbox One For Christmas Release
The game was also remastered for PS3 back in 2012 , but was only released through PlayStation Network as a digital download. Capcom UK is now dodging our calls and emails, but we've reached out for comment and will update if they respond.

Eclipse 2017: What You Need To Know In Connecticut
Do you need protective glasses the whole time? Be sure to only purchase glasses with an ISO label ensuring they're safe for using. "What it means to me as an optomologist is we are at the highest risk, because there isn't a time of total eclipse ", Dr.

Two Harkat militants arrested in Handwara
Two militants were arrested from Handwara area of north Kashmir's Kupwara district. The second team pounced on the duo and soon overpowered them.

Elon Musk: AI Poses 'Vastly More Risk Than North Korea'
Why do American political and business leaders seem to be practically begging North Korea to deep fry our asses on Twitter? Now, we have a tech genius warning us about the threats humanity faces with the imminent rise of AI.

Pretium Resources, Inc. (NYSE:PVG) Upgraded by Zacks Investment Research to Hold
Bank of New York Mellon Corp acquired a new stake in Pretium Resources during the first quarter valued at approximately $108,000. Finally, Zacks Investment Research cut Pretium Resources from a hold rating to a sell rating in a report on Saturday, July 8th.

Man City sign Austria Wien striker Larry Kayode
Pep Guardiola has sent a full squad, though Kyle Walker has been given permission to miss the trip for personal reasons. Kayode, who has also played for ASEC Mimosas in the Ivory Coast, FC Luzern in Switzerland Maccabi Netanya in Isreal.

SpaceX launches successful 12th International Space Station resupply mission
SpaceX now has 14 such rocket landings under its belt, and the company has reflown two landed boosters to date. If successful, similar computers could be critical tools for future deep-space missions beyond Earth.

$0.14 EPS Expected for Healthequity Inc (HQY)
HealthEquity makes up approximately 2.9% of FCM Investments TX's investment portfolio, making the stock its 10th largest position. Also, Director Frank Medici sold 537,102 shares of the company's stock in a transaction that occurred on Friday, July 14th.

Manipuri youth dies after falling from terrace in Delhi
Sidharth's sister has alleged a foul play into the matter and therefore police are scanning the CCTV footage in the area. Police said that they have no evidence yet to suspect or deny allegations of foul play.

Caught on Camera: Cop punches suspect
Morrow told 12News that most of the Beaumont Police patrol units are SUVs and the marked cars that they still have are white. If you watch the video the marked police vehicle in the background is clearly not a Beaumont Police patrol auto .

Analysts Showing Optimistic Trends For Netflix, Inc. (NFLX)
The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink . PYPL's distance from 20 day simple moving average is -1.28% and distance from 50-Day simple moving average is 4.17%.

Stratos Wealth Partners LTD. Sells 100 Shares of Chesapeake Energy Corporation (CHK)
It has outperformed by 33.04% the S&P500.The move comes after 7 months negative chart setup for the $3.72 billion company. Letko Brosseau & Associates Inc decreased Verizon Communications Inc (VZ) stake by 5.23% reported in 2016Q4 SEC filing.

Other news