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India's Import and Export Update for September and December 2014
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Transcript of India's Import and Export Update for September and December 2014
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.
#IndiaImports #IndiaExports #IndiaForeignTradeMerchandise #IndiaTradeDataUpdate #InternationalTrade
For more Informative posts click : https://www.linkedin.com/company/jhunjhunwalas
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
For more Informative posts click :
https://www.linkedin.com/company/jhunjhunwalas
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