Crude Oil
India's crude oil imports jump by 53 pc during Apr-Nov period, shows latest govt data
New Delhi/IBNS: India’s crude oil import grew by 52.58 percent to $146.57 billion during April-November during FY23, according to data shared by the Ministry of Commerce.
Imports of coal and coke rose by 97.66 percent to $37.25 billion during the period under review, the data showed.
During the eight months, electronics, chemicals, transport equipment and vegetable oil also showed double-digit growth in imports.
Gold imports dropped by 18.13 percent to $27.21 billion while vegetable oil imports by 16.71 percent to $14.28 billion.
The exports of petroleum jumped by 58.88 percent to $62.65 billion whereas the gems and jewellery exports grew by 2 percent to $26.45 billion.
In the month of November, Indian exports had a flat growth of 0.59 percent at $31.99 billion.
The trade deficit during the month increased to $23.89 billion.
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