India’s Foreign Trade (Merchandise): May, 2015 including INDIA’S FOREIGN TRADE (SERVICES): APRIL, 2015

India’s Foreign Trade (Merchandise): May, 2015 

A. EXPORTS (including re-exports) 

Exports during May, 2015 were valued at US $22346.75 million (Rs. 142572.92 crore) which was 20.19 per cent lower in Dollar terms (14.14 per cent lower in Rupee terms) than the level of US $27998.50 million (Rs. 166045.09 crore) during May, 2014.Cumulative value of exports for the period April-May 2015-16 was US $ 44401.47 million (Rs 280973.36 crore) as against US $53632.58 million (Rs 320763.69 crore) registering a negative growth of 17.21 per cent in Dollar terms and 12.40 per cent in Rupee terms over the same period last year.

B. IMPORTS 

Imports during May, 2015 were valued at US $32752.99 (Rs.208965.06 crore) which was 16.52 per cent lower in Dollar terms and 10.19 per cent lower in Rupee terms  over the level of imports valued at US $ 39233.24 million (Rs. 232672.72 crore) in May, 2014. Cumulative value of imports for the period April-May 2015-16  was US $65800.01 million (Rs 416345.69 crore) as against US $ 74953.27 million (Rs 448266.65 crore) registering a negative growth of 12.21 per cent in Dollar terms and 7.12 per cent in Rupee terms over the same period last year.

C. CRUDE OIL AND NON-OIL IMPORTS:

Oil imports during May, 2015 were valued at US $8538.67 million which was 40.97  per cent lower than oil imports valued at US $14464.88 million in the corresponding period last year. Oil imports during April-May, 2015-16 were valued at US $ 15981.59 million which was 41.76 per cent lower than the oil imports of US $ 27442.71 million in the corresponding period last year.

Non-oil imports during May, 2015 were estimated at US $24214.32 million which was 2.24 per cent lower than non-oil imports of US $24768.36 million in May, 2014. Non-oil imports during April-May, 2015-16 were valued at US $ 49818.42 million which was 4.86 per cent higher than the level of such imports valued at US $ 47510.56 million in April-May, 2014-15.

D. TRADE BALANCE

The trade deficit for April-May, 2015-16 was estimated at US $ 21398.54 million which was higher than the deficit of US $ 21320.69 million during April-May, 2014-15.

INDIA’S FOREIGN TRADE (SERVICES): APRIL, 2015

(As per the RBI Press Release dated 15^th June, 2015)

A.    EXPORTS (Receipts)

Exports during April, 2015 were valued at US $ 13012 Million (Rs. 81654.46 Crore).

B.     IMPORTS (Payments)

Imports during April, 2015 were valued at US $ 7324 Million (Rs. 45960.44 Crore).

C.    TRADE BALANCE

The trade balance in Services (i.e. net export of Services) for April, 2015 was estimated at US $ 5688 Million.