India’s Foreign Trade Update during September and October 2014

India ’ s Foreign Trade Update: #India 's #ForeignTrade update for month of October 2014.

Exports stood at US $ 26094.07 million (Rs.160066.25 crore) which was 5.04% lower in Dollar terms and 5.47% lower in Rupee terms during the same period last yearImports were valued at US $ 39451.53 million (Rs.242003.58 crore) representing a growth of 3.62% in Dollar terms and a growth of 3.16 % in Rupee terms during the same period last year.

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Press Release:

EXPORTS (including re-exports) Exports during October, 2014 were valued at US $ 26094.07 million

(Rs.160066.25 crore) which was 5.04 per cent lower in Dollar terms (5.47 per cent lower in Rupee terms) than the level of US $ 27480.13 million (Rs. 169320.47 crore) during October, 2013. Cumulative value of exports for the period April-October 2014-15 was US $ 189795.47 million (Rs 1145605.36 crore) as against US $ 181234.98 million (Rs 1080203.41 crore) registering a growth of 4.72 per cent in Dollar terms and growth of 6.05 per cent in Rupee terms over the same period last year.

IMPORTS

Imports during October, 2014 were valued at US $ 39451.53 million (Rs.242003.58 crore) representing a growth of 3.62 per cent in Dollar terms and a growth of 3.16 per cent in Rupee terms over the level of imports valued at US $ 38075.02 million (Rs. 234601.50 crore) in October, 2013. Cumulative value of imports for the period April-October 2014-15 was US $ 273551.51 million (Rs 1651470.41 crore) as against US $ 268554.34 million (Rs 1590363.03 crore) registering a growth of 1.86 per cent in Dollar terms and growth of 3.84 per cent in Rupee terms over the same period last year.

CRUDE OIL AND NON-OIL IMPORTS: Oil imports during October, 2014 were valued at US $ 12365.2 million which

was 19.2 per cent lower than oil imports valued at US $ 15293.6 million in the corresponding period last year. Oil imports during April-October, 2014-15 were valued at US $ 94841.9 million which was 0.5 per cent lower than the oil imports of US $ 95306.0 million in the corresponding period last year.

Non-oil imports during October, 2014 were estimated at US $ 27086.3 million which was 18.9 per cent higher than non-oil imports of US $ 22781.4 million in October, 2013. Non-oil imports during April-October, 2014-15 were valued at US $ 178709.6 million which was 3.2 per cent higher than the level of such imports valued at US $ 173248.3 million in April-October, 2013-14.

TRADE BALANCE

The trade deficit for April-October, 2014-15 was estimated at US $ 83756.04 million which was lower than the deficit of US $ 87319.36 million during April-October, 2013-14.

INDIA’S FOREIGN TRADE (SERVICES): SEPTEMBER, 2014(As per the RBI Press Release dated 14th November, 2014)

EXPORTS (Receipts)Exports during September, 2014 were valued at US $ 12940 Million (Rs. 78759.18 Crore).

IMPORTS (Payments)Imports during September, 2014 were valued at US $ 6174 Million (Rs. 37577.99 Crore).

TRADE BALANCEThe trade balance in Services (i.e. net exports of Services) for September, 2014 was estimated at US $ 6766 Million

EXPORTS & IMPORTS (MERCHANDISE): (US $ Million) (PROVISIONAL)

OCTOBER APRIL-OCTOBEREXPORTS(including re-exports)2013-14 27480.13 181234.982014-15 26094.07 189795.47%Growth2014-15/ 2013-14 -5.04 4.72IMPORTS2013-14 38075.02 268554.342014-15 39451.53 273551.51%Growth 2014-15/ 2013-14 3.62 1.86

TRADE BALANCE2013-14 -10594.89 -87319.362014-15 -13357.46 -83756.04

EXPORTS & IMPORTS (MERCHANDISE): (Rs. Crore) (PROVISIONAL) OCTOBER APRIL-OCTOBEREXPORTS(including re-exports)2013-14 169320.47 1080203.412014-15 160066.25 1145605.36%Growth 2014-15/ 2013-14 -5.47 6.05IMPORTS2013-14 234601.50 1590363.032014-15 242003.58 1651470.41%Growth 2014-15/ 2013-14 3.16 3.84TRADE BALANCE2013-14 -65281.03 -510159.622014-15 -81937.33 -505865.05

EXPORTS & IMPORTS (SERVICES) : (US $ Million)(PROVISIONAL)

September 2014-15EXPORTS (Receipts) 12940.00IMPORTS (Payments) 6174.00TRADE BALANCE 6766.00EXPORTS & IMPORTS (SERVICES): (Rs. Crore)(PROVISIONAL) September 2014-15EXPORTS (Receipts) 78759.18IMPORTS (Payments) 37577.99TRADE BALANCE 41181.19Source: RBI Press Release dated 14th November 2014

QUICK ESTIMATES FOR SELECTED MAJOR COMMODITIES FOR OCTOBER, 2014

TRADE: EXPORT

Commodities (Values in Million USD) % change

OCT 13 OCT 14 OCT 14

1 Tea 84.75 59.93 -29.29

2 Coffee 52.75 49.97 -5.27

3 Rice 498.52 655.46 31.48

4 Other cereals 32.78 22.88 -30.20

5 Tobacco 99.34 79.48 -19.99

6 Spices 215.34 202.62 -5.91

7 Cashew 70.54 102.68 45.56

8 Oil Meals 233.07 88.33 -62.10

9 Oil seeds 71.82 94.31 31.31

10 Fruits & Vegetables

181.13 147.82 -18.39

11 Cereal preparations

& miscellaneous

processed items

95.94 96.92 1.02

12 Marine Products

601.26 639.57 6.37

13 Meat, dairy & poultry

products

458.68 459.54 0.19

14 Iron Ore 102.51 23.78 -76.80

15 Mica, Coal & Other Ores,

Minerals

304.74 263.94 -13.39

including processed minerals

16 Leather & leather

products

449.49 463.33 3.08

17 Ceramic products & glassware

112.17 131.82 17.52

18 Gems & Jewellery

4087.77 3995.72 -2.25

19 Drugs & Pharmaceutic

als

1315.50 1205.96 -8.33

20 Organic & Inorganic Chemicals

987.74 1079.19 9.26

21 Engineering Goods

5737.43 5210.60 -9.18

22 Electronic Goods

710.42 494.74 -30.36

23 Cotton Yarn/Fabrics/

made-ups, Handloom

Products etc.

1039.59 895.71 -13.84

24 Man-made Yarn/Fabrics/made-ups etc.

467.39 465.31 -0.45

25 RMG of all Textiles

1193.83 1194.61 0.07

26 Jute Manufacturin

g including Floor

34.37 24.72 -28.08

Covering

27 Carpet 107.76 105.59 -2.01

28 Handicrafts excluding

hand made carpet

116.55 160.86 38.02

29 Petroleum Products

5636.82 5627.87 -0.16

30 Plastic & Linoleum

587.84 485.05 -17.49

Sub-Total 25687.84 24528.31 -4.51

GRAND TOTAL 27480.13 26094.07 -5.04

#India 's #ForeignTrade update for month of September 2014.

#Imports stood at US $ 43,150.70 million or Rs.2,62,636.30 crore i.e growth of +25.96% in Dollar terms and a growth of +20.25% in Rupee terms during the same period last year.

#Exports stood at US $ 28,903.28 million or Rs.1,75,919.53 crore ie growth of +2.73% in Dollar terms and -1.92% lower in Rupee terms

#IndiaImports #IndiaExports #IndiaForeignTradeMerchandise #IndiaTradeDataUpdate #InternationalTrade

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Press Release:

EXPORTS (including re-exports)

Exports during September, 2014 were valued at US $ 28903.28 million (Rs.175919.53 crore) which was 2.73 per cent higher in Dollar terms (1.92 per

cent lower in Rupee terms) than the level of US $ 28135.90 million (Rs. 179372.28 crore) during September, 2013. Cumulative value of exports for the period April-September 2014-15 was US $ 163701.40 million (Rs 985539.11 crore) as against US $ 153754.85 million (Rs 910882.94 crore) registering a growth of 6.47 per cent in Dollar terms and growth of 8.20 per cent in Rupee terms over the same period last year.

IMPORTS

Imports during September, 2014 were valued at US $ 43150.70 million (Rs.262636.30 crore) representing a growth of 25.96 per cent in Dollar terms and a growth of 20.25 per cent in Rupee terms over the level of imports valued at US $ 34258.24 million (Rs. 218403.50 crore) in September, 2013. Cumulative value of imports for the period April-September 2014-15 was US $ 234099.98 million (Rs 1409466.83 crore) as against US $ 230479.32 million (Rs 1355761.53 crore) registering a growth of 1.57 per cent in Dollar terms and growth of 3.96 per cent in Rupee terms over the same period last year.

CRUDE OIL AND NON-OIL IMPORTS:

Oil imports during September, 2014 were valued at US $ 14497.3 million which was 9.7 per cent higher than oil imports valued at US $ 13213.0 million in the corresponding period last year. Oil imports during April-September, 2014-15 were valued at US $ 82476.7 million which was 3.1 per cent higher than the oil imports of US $ 80012.4 million in the corresponding period last year.

Non-oil imports during September, 2014 were estimated at US $ 28653.4 million which was 36.2 per cent higher than non-oil imports of US $ 21045.2 million in September, 2013. Non-oil imports during April-September, 2014-15 were valued at US $ 151623.2 million which was 0.8 per cent higher than the level of such imports valued at US $ 150466.9 million in April-September, 2013-14.

TRADE BALANCE

The trade deficit for April-September, 2014-15 was estimated at US $ 70398.58 million which was lower than the deficit of US $ 76724.47 million during April-September, 2013-14. However, the trade deficit for the month of September 2014 stands at US $ 14247.42 million which was 132.71 per cent higher than the value of US $ 6122.34 million in September 2013. This phenomenal increase in trade deficit is mainly due to rise in imports without adequate rise in exports. Imports have increased mainly due to unusual growth of 449.7 per cent in imports of Gold and 105.6 per cent in imports of Metalliferous Ores & Other Minerals over the same period last year. Both these items have a high value in the import basket with Gold having a value of US $ 3751.87 million and Metalliferous Ores & Other Minerals having a value of US $ 817.79 million in September 2014.

INDIA’S FOREIGN TRADE (SERVICES): AUGUST, 2014

(As per the RBI Press Release dated 14th October, 2014)

A. EXPORTS (Receipts)

Exports during August, 2014 were valued at US $ 12242 Million (Rs. 74547.90 Crore).

B. IMPORTS (Payments)

Imports during August, 2014 were valued at US $ 6767 Million (Rs. 41207.78 Crore).

C. TRADE BALANCE

The trade balance in Services (i.e. net exports of Services) for August, 2014 was estimated at US $ 5475 Million.

EXPORTS & IMPORTS (MERCHANDISE): (US $ Million) (PROVISIONAL)

SEPTEMBER APRIL-SEPTEMBEREXPORTS(including re-exports)2013-14 28135.90 153754.852014-15 28903.28 163701.40%Growth2014-15/ 2013-14 2.73 6.47IMPORTS

2013-14 34258.24 230479.322014-15 43150.70 234099.98%Growth 2014-15/ 2013-14 25.96 1.57TRADE BALANCE2013-14 -6122.34 -76724.472014-15 -14247.42 -70398.58

EXPORTS & IMPORTS (MERCHANDISE): (Rs. Crore)

(PROVISIONAL) SEPTEMBER APRIL-SEPTEMBER

EXPORTS(including re-exports)2013-14 179372.28 910882.942014-15 175919.53 985539.11%Growth 2014-15/ 2013-14 -1.92 8.20IMPORTS2013-14 218403.50 1355761.532014-15 262636.30 1409466.83%Growth 2014-15/ 2013-14 20.25 3.96TRADE BALANCE2013-14 -39031.22 -444878.592014-15 -86716.77 -423927.72

EXPORTS & IMPORTS (SERVICES) : (US $ Million)(PROVISIONAL)

August 2014-15EXPORTS (Receipts) 12242.00IMPORTS (Payments) 6767.00TRADE BALANCE 5475.00

EXPORTS & IMPORTS (SERVICES): (Rs. Crore)

(PROVISIONAL) August 2014-15

EXPORTS (Receipts) 74547.90IMPORTS (Payments) 41207.78TRADE BALANCE 33340.12

For quick estimates for selected major commodities for September 2014

Trade: Export

Annexure - I Sl. No. Commodities (Values in

Million USD)% change

SEP'13 SEP'14 SEP'141 Tea 77.96 74.87 -3.962 Coffee 51.38 58.26 13.393 Rice 583.63 687.15 17.744 Other cereals 39.85 46.66 17.095 Tobacco 108.08 84.61 -21.726 Spices 232.05 207.61 -10.537 Cashew 62.74 63.39 1.048 Oil Meals 192.98 53.07 -72.509 Oil seeds 77.31 97.09 25.5910 Fruits &

Vegetables159.64 156.00 -2.28

11 Cereal preparations & miscellaneous processed items

103.67 104.10 0.41

12 Marine Products

526.87 597.12 13.33

13 Meat, dairy & poultry products

500.59 548.98 9.67

14 Iron Ore 155.54 15.88 -89.7915 Mica, Coal &

Other Ores, Minerals including processed minerals

290.60 313.49 7.88

16 Leather & 456.98 519.67 13.72

leather products

17 Ceramic products & glassware

109.22 169.64 55.32

18 Gems & Jewellery

3959.38 4397.18 11.06

19 Drugs & Pharmaceuticals

1220.60 1263.11 3.48

20 Organic & Inorganic Chemicals

1047.65 1122.18 7.11

21 Engineering Goods

5395.92 6485.11 20.19

22 Electronic Goods

682.17 563.63 -17.38

23 Cotton Yarn/Fabrics/made-ups, Handloom Products etc.

955.38 943.73 -1.22

24 Man-made Yarn/Fabrics/made-ups etc.

428.75 474.51 10.67

25 RMG of all Textiles

1116.45 1293.64 15.87

26 Jute Manufacturing including Floor Covering

32.97 28.88 -12.41

27 Carpet 99.24 153.14 54.3128 Handicrafts

excluding hand made carpet

230.99 111.63 -51.67

29 Petroleum Products

6948.51 6023.56 -13.31

30 Plastic & Linoleum

519.63 495.82 -4.58

Sub-Total 26366.73 27153.71 2.98GRAND TOTAL 28135.90 28903.28 2.73