ENA Sectors 2019-01-16 06:01:36 <p><strong>New Delhi, Jan 16 (KNN) </strong>On account of global trade tensions, Indias exports growth remained almost flat in December 2018, recording a marginal expansion of 0.34 per cent, according to trade data released by Commerce Ministry.</p> <p>Exports in December 2018 were US $ 27.93 Billion, as compared to US $ 27.83 Billion in December 2017, exhibiting a positive growth of just 0.34per cent, data reveals.</p> <p>Whereas imports in December 2018 were US $ 41.01 Billion, which was 2.44 per cent lower in Dollar terms over imports of US $ 42.03 Billion in December 2017.</p> <p>Marginal expansion in exports and negative growth in imports have narrowed the trade deficit to a ten-month low of $13.08 billion in December 2018 as against $14.2 billion in the same month of the previous year.</p> <p>The major commodity groups of export showing positive growth in December were petroleum products (13.18%), organic &amp; inorganic chemicals (5.5%) and electronic goods (50.81%), commerce and industry ministry said in a statement on Tuesday. </p> <p>Indias overall exports (Merchandise and Services combined) in April-December 2018-19 are estimated to be $396.73 billion, exhibiting a positive growth of 13.79% over the same period last year, the ministry said. </p> <p>Taking merchandise and services together, overall trade deficit for April-December 2018-19 is estimated at US $ 82.72Billion as compared to US $ 69.63Billion in April-December 2017-18.</p> 21813 https://knnindia.co.in/news/newsdetails/sectors/indias-export-growth-records-marginal-expansion-of-034-in-dec-2018 2019-01-16 06:01:36 knnindia.co.in