India’s Foreign Trade (Merchandise): August, 2014

EXPORTS (including re-exports) 

Exports during August, 2014 were valued at US $ 26958.22 million (Rs.164162.61 crore) which was 2.35 per cent higher in Dollar terms (1.39 per cent lower in Rupee terms) than the level of US $ 26337.98 million (Rs. 166479.20 crore) during August, 2013. Cumulative value of exports for the period April-August 2014-15 was US $ 134798.12 million (Rs 809619.58 crore) as against US $ 125618.95 million (Rs 731510.66 crore) registering a growth of 7.31 per cent in Dollar terms and growth of 10.68 per cent in Rupee terms over the same period last year.

IMPORTS 

Imports during August, 2014 were valued at US $ 37796.82 million (Rs.230164.50 crore) representing a growth of 2.08 per cent in Dollar terms and  a negative growth of 1.65 per cent in Rupee terms  over the level of imports valued at US $ 37026.02 million (Rs. 234037.05 crore) in August, 2013. Cumulative value of imports for the period April-August 2014-15 was US $ 190949.28 million (Rs 1146830.53 crore) as against US $ 196221.08 million (Rs 1137358.03 crore) registering a negative growth of 2.69 per cent in Dollar terms and growth of 0.83 per cent in Rupee terms over the same period last year. 

CRUDE OIL AND NON-OIL IMPORTS:

Oil imports during August, 2014 were valued at US $ 12839.1 million which was 14.97  per cent lower than oil imports valued at US $  15099.4 million in the corresponding period last year. Oil imports during April-August, 2014-15 were valued at US $ 67979.4 million which was 1.77 per cent higher than the oil imports of US $ 66799.5 million in the corresponding period last year.

Non-oil imports during August, 2014 were estimated at US $ 24957.7 million which was 13.82 per cent higher than non-oil imports of US $ 21926.6 million in August, 2013. Non-oil imports during April-August, 2014-15 were valued at US $ 122969.9 million which was 4.99 per cent lower than the level of such imports valued at US $ 129421.6 million in April-August, 2013-14. 

TRADE BALANCE

The trade deficit for April-August, 2014-15 was estimated at US $ 56151.16 million which was lower than the deficit of US $ 70602.13 million during April-August, 2013-14.

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

(As per the RBI Press Release dated 15^th September, 2014)

A.     EXPORTS (Receipts)

Exports during July, 2014 were valued at US $ 13344 Million (Rs. 80142.20 Crore). 

B.    IMPORTS (Payments)

Imports during July, 2014 were valued at US $ 6822 Million (Rs. 40971.98 Crore). 

C.    TRADE BALANCE

The trade balance in Services (i.e. net exports of Services) for July, 2014 was estimated at US $ 6522 Million.

 Source: RBI Press Release dated 15^th September, 2014

For quick estimates for selected major commodities for August 2014, click here.