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India's exports soared 17.57 percent to $ 27.7 billion in June, but the trade deficit widened to $ 16.6 billion, or more than three and a half years because of more expensive crude oil imports. According to data released by the Ministry of Commerce, imports also rose 21.31 percent to 44.3 billion dollars during the month.
The trade deficit in June 2018 is the highest since November 2014 with $ 16.86 billion. The deficit was $ 12.96 billion in June 2017.
In April-June, exports rose 14.21% to $ 82.47 billion.
Imports in the first quarter rose 13.49% to $ 127.41 billion. trade deficit of $ 44.94 billion.
Imports of petroleum, chemicals, pharmaceuticals, gems and jewelery and engineering products contributed to the increase in shipments in June
. $ 12.73 billion
In June, gold imports fell by about 3% to $ 2.38 billion.
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