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

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 14^th November, 2014)

A.    EXPORTS (Receipts)

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

 B.     IMPORTS (Payments)

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

 C.    TRADE BALANCE

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

Source: RBI Press Release dated 14th November 2014

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