India’s exports grow by 4.32% in Apr-May 2019

India’s total exports (merchandise and services combined) in April-May 2019-20* are estimated at US$ 92.33 billion, growing by 4.32% YoY, according to latest figures released by the Department of Commerce. Imports for the period are estimated at US$ 109.75 billion, growing by 5.3% YoY. Merchandise exports grew by 2.37% YoY to reach US$ 56.1 billion, while services exports grew by 7.5% YoY to reach US$ 36.3 billion. Major commodities exhibiting positive growth in May 2019 were electronic goods (51%), organic and inorganic chemicals (20.64%), RMG of all textiles (14.15%), drugs and pharmaceuticals (11%) and engineering goods (4.4%).