India's total exports, including merchandise and services, during April-October are estimated to be worth 265.09 billion U.S. dollars, exhibiting a negative growth of -14.53 percent over the same period last year, said an official statement issued by the federal ministry of commerce and industry on Friday. It further added that the overall imports during April-October are estimated to be 248.58 billion U.S. dollars, exhibiting a negative growth of -31.89 percent over the same period last year. The overall trade surplus for April-October is estimated at 16.52 billion U.S. dollars, as compared to the deficit of 54.83 billion U.S. dollars in April-October 2019-20, said the ministry's foreign trade data. The merchandise exports in October were 24.89 billion U.S. dollars, as compared to 26.23 billion U.S. dollars in October 2019, exhibiting a negative growth of -5.12 percent.
Cumulative value of exports for the period April-October was 150.14 billion U.S. dollars as against 185.40 billion U.S. dollars during the period April-October 2019, thereby registering a negative growth of -19.02 percent. Non-petroleum and non-Gems and jewellery exports in October 2020 were 20.31 billion U.S. dollars, as compared to 19.07 billion U.S. dollars in October 2019, thus registering a positive growth of 6.51 percent. Non-petroleum and Non-Gems and Jewellery exports in April-October 2020 were 124.82 billion U.S. dollars, as compared to 137.72 billion U.S. dollars for the corresponding period in 2019, which is a decrease of -9.37 percent. Total imports during the last month of October were 33.61 billion U.S. dollars, which is a decline of -11.53 percent over imports of 37.99 billion U.S. dollars in October 2019, added the ministry's statement.