India’s Foreign Trade (MERCHANDISE): September, 2014

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 14^th 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. 

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