Friday, June 15, 2012

India Gold Silver imports fall 52% gems and jewellery exports fall 9% in May

Last Updated : 14 June 2012 at 19:05 IST

NEW DELHI(Commodity Online): India's exports declined by 4.16% at us $25.68 bn in May 2012, compared to US $26.79 bn in 2011, according to the data released by Ministry of Commerce in India. India's gold and silver imports exhibited a negative growth of 52% during the month of May 2012, according to the provisional data of the government.

Moreover, India's import data for the month of May 2012 also had a negative growth of 7.36%, reaching to US $41.9 bn.

The cumulative figure for the period of April- May 2012 shows Exports at US $ 50.13 billion registering the negative growth 0.69% of while imports for the same period stood at US $ 79.8 billion registering the growth of 2.42%.

The sectors which performed well in exports includes
-Engineering with a decline of 1.67% to US $4.86%
-POL with negative growth of 26.07% to US $ 4.07 bn
-Gems & Jewellery- with decline of 9% to US $3.6 bn
-Ready made garments exhibiting a decrease of 15.82% to US$1.03 bn.

Among the sectors, Drugs & Pharmaceuticals exhibited a positive growth of 10.55% to US $1.09 bn, comaprted to May 2011.

The growth estimates of the sectors in imports for the month of May 2012 are
-POL-14.02% reaching to US $14.9bn
-Gold& Silver exhibiting a negative growth of 52% reaching to US $4.3 bn
- Machinery declining by 8%
-vegetable oil increased by 54%
-Organic and Inorganic Chemicals increased by 2.74%
- Electrical equipments had declined by 21%

MCX Silver 05 September 2012 contract was trading at Rs 56922 . What's your view on it?

After reading this article, people also read:
  • Gold to be volatile next week on Greek elections, FOMC
  • June 14,2012
  • India Gold prices attain new record at Rs 30,550
  • June 14,2012
  • Stainless steel production drops 2.8% in Q1 2012, to impact nickel prices
  • June 14,2012
  • BNP Paribas cuts 2012-2013 forecasts for Aluminium, Copper, Nickel
  • June 14,2012
  • India?s inflation in May at 7.55%, tea, potato, pulses soar
  • June 14,2012

stuffing brandon mcinerney brandon mcinerney black friday 2011 deals nfl power rankings week 12 nfl power rankings week 12 brine turkey

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.