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TMI BlogIndia’s Foreign Trade (MERCHANDISE): September, 2014X X X X Extracts X X X X X X X X Extracts X X X X ..... India’s Foreign Trade (MERCHANDISE): September, 2014 - News and Press Release Dated:- 15-10-2014 - News - 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, 2 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 014 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. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 lo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... wer 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 Sept ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ember 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. EXPORTS IMPORTS (MERCHANDISE): (US $ Million) (PROVISIONAL) SEPTEMBER APRIL-SEPTEMBER ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... EXPORTS(including re-exports) 2013-14 28135.90 153754.85 2014-15 28903.28 163701.40 %Growth2014-15/ 2013-14 2.73 6.47 IMPORTS 2013-14 34258.24 230479.32 2014-15 43150.70 234099.98 %Growth 2014-15/ 2013-14 25.96 1.57 TRADE BALANCE ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 2013-14 -6122.34 -76724.47 2014-15 -14247.42 -70398.58 EXPORTS IMPORTS (MERCHANDISE): (Rs. Crore) (PROVISIONAL) SEPTEMBER APRIL-SEPTEMBER EXPORTS(including re-exports) 2013-14 179372.28 910882.94 2014-15 175919.53 985539.11 %Growth 2014-15/ 2013-14 -1.92 8.20 IMPORTS ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 2013-14 218403.50 1355761.53 2014-15 262636.30 1409466.83 %Growth 2014-15/ 2013-14 20.25 3.96 TRADE BALANCE 2013-14 -39031.22 -444878.59 2014-15 -86716.77 -423927.72 EXPORTS IMPORTS (SERVICES) : (US $ Million) (PROVISIONAL) August 2014-15 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... EXPORTS (Receipts) 12242.00 IMPORTS (Payments) 6767.00 TRADE BALANCE 5475.00 EXPORTS IMPORTS (SERVICES): (Rs. Crore) (PROVISIONAL) August 2014-15 EXPORTS (Receipts) 74547.90 IMPORTS (Payments) 41207.78 TRADE BALANCE 33340.12 For quick estimates for selected major commodities for September 2014, click here . - News - Press release - PIB Tax Management India - taxmanagementindia - taxman ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... agement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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