New Delhi, Jul 16 (KNN) India’s cumulative export for the period April-June, 2014-15 has grown by 9.31 per cent, bringing the country’s trade deficit down to USD 33.08 billion from USD 48.32 billion during April-June, 2013-14. Meanwhile, some of the major products belonging to the small sector like spices, gems and jewellery, handloom, jute showed decline in exports Year on Year (YoY) basis.

“Exports during June, 2014 were valued at USD 26.47 billion which was 10.22 per cent higher in Dollar terms than the level of USD 24.02 billion during June, 2013,” according to official data by the Commerce Ministry.

Cumulative value of exports for the period April-June 2014-15 was USD 80.11 billion as against USD 73.28 billion registering a growth of 9.31 per cent over the same period last year, the data said.

Cumulative value of imports for the period April-June 2014-15 was USD 113.19 billion as against USD 121.61 billion, Year on Year basis, registering a negative growth of 6.92 per cent.

The trade deficit for April-June, 2014-15 was estimated at USD 33.08 billion which was lower than the deficit of USD 48.32 billion during April-June, 2013-14. 

Meanwhile, the June trade deficit touched an 11 month high to USD 11.76 billion against USD 11.23 billion, month on month basis.

Some of the products, mainly related to the small sector, which showed decline in exports YoY basis were spices (-0.91 per cent); iron ore (-66.00 per cent); gems and jewellery (-4.97 per cent); electronic goods (-24.55 per cent); cotton yarn/fabrics/made-ups, handloom products etc (-7.71 per cent); jute manufacturing including floor covering (-1.92 per cent). (KNN/SD)