India’s Foreign Trade: May, 2014

EXPORTS (including re-exports)

Exports during May, 2014 were valued at US $ 27998.50 million (Rs.166045.09 crore) which was 12.40 per cent higher in Dollar terms (21.17 per cent higher in Rupee terms) than the level of US $ 24910.59 million (Rs. 137035.13 crore) during May, 2013. Cumulative value of exports for the period April-May 2014-15 was US $ 53632.58 million (Rs 320763.69 crore) as against US $ 49264.36 million (Rs. 269460.46 crore) registering a growth of 8.87 per cent in Dollar terms and growth of 19.04 per cent in Rupee terms over the same period last year.

IMPORTS

Imports during May, 2014 were valued at US $ 39233.24 million (Rs. 232672.72 crore) representing a negative growth of 11.41 per cent in Dollar terms and  negative growth of 4.49 per cent in Rupee terms  over the level of imports valued at US $ 44284.54 million (Rs. 243612.77 crore) in May, 2013. Cumulative value of imports for the period April-May 2014-15 was US $ 74953.27 million (Rs. 448266.65 crore) as against US $ 86310.41 million (Rs. 472131.36 crore) registering a negative growth of 13.16 per cent in Dollar terms and negative growth of 5.05 per cent in Rupee terms over the same period last year.

CRUDE OIL AND NON-OIL IMPORTS:

Oil imports during May, 2014 were valued at US $ 14464.9 million which was 2.5  per cent higher than oil imports valued at US $  14119.5 million in the corresponding period last year. Oil imports during April-May, 2014-15 were valued at US $ 27442.7 million which was 1.0 per cent higher than the oil imports of US $ 27173.0 million in the corresponding period last year.

Non-oil imports during May, 2014 were estimated at US $ 24768.3 million which was 17.9 per cent lower than non-oil imports of US $ 30165.0 million in May, 2013. Non-oil imports during April-May, 2014-15 were valued at US $ 47510.6 million which was 19.7 per cent lower than the level of such imports valued at US $ 59137.4 million in April-May, 2013-14

TRADE BALANCE

The trade deficit for April-May, 2014-15 was estimated at US $ 21320.69 million which was lower than the deficit of US $ 37046.05 million during April-May, 2013-14.