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TMI BlogIndia’s Foreign Trade: November 2018X X X X Extracts X X X X X X X X Extracts X X X X ..... India’s Foreign Trade: November 2018 - News and Press Release Dated:- 15-12-2018 - News - India s overall exports (Merchandise and Services combined) in April-November 2018-19* are estimated to be USD 351.99 Billion, exhibiting a positive growth of 15.48 per cent over the same period last year. Overall imports in April-November2018-19* are estimated to be USD 428.18 Billion, exhibiting a positive growth of 16.86 per cent over the same period last year. *Note: Services data pertains to April-October 2018-19 as October 2018 is the latest data available as per RBI s Press Release dated 14th December 2018. It is arrived at by adding Month-wise QE dataof RBI s press release for April to October 2018-19. This data is provisional and subject to revision by RBI. In addition, it may be noted that data for November 2018 is estimated and added to the April-October 2018-19 data of RBI to calculate the Overall Trade Deficit for April-November 2018-19. It will be revised based on RBI s next press release for November 2018. MERCHANDISE TRADE EXPORTS (including re-exports) Exports inNovember 2018 were US $ 26.50 Billion, as compared to US $ 26.29 Billion in November 20 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 17, exhibiting a positive growth of 0.80 per cent. In Rupee terms, exports were ₹ 1,90,429.46 Crore in November 2018, as compared to ₹ 1,70,541.01 Crore in November 2017, registering a positive growth of 11.66 per cent. In November 2018, major commodity groups of export showing positive growth over the corresponding month of last year are Cumulative value of exports for the period April-November 2018-19 was US $ 217.52Billion (Rs.15,14,369.74 Crore) as against US $ 194.93 Billion (Rs.12,57,811.49 Crore) during the period April-November 2017-18, registering a positive growth of 11.58 per cent in Dollar terms (20.40 per cent in Rupee terms). Non-petroleum and Non Gems and Jewellery exports in November 2018 were US $ 18.57 Billion, as compared to US $ 19.32 Billion in November 2017, exhibiting a negative growth of 3.93 per cent. Non-petroleum and Non Gems and Jewellery exports in April-November 2018-19 were US $ 156.55 Billion, as compared to US $ 143.77 Billion for the corresponding period in 2017-18, an increase of 8.89 per cent. IMPORTS Imports in November 2018 were US $ 43.17 Billion (Rs. 3,10,215.46 Crore), which was 4.31 per cent higher in ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Dollar terms and 15.55 per cent higher in Rupee terms over imports of US $ 41.39 Billion (Rs.2,68,467.53 Crore) in November 2017. Cumulative value of imports for the period April-November 2018-19 was US $ 345.64 Billion (Rs.24,07,273.87 Crore), as against US $ 301.31 Billion (Rs.19,44,355.48 Crore) during the period April-November 2017-18, registering a positive growth of 14.71 per cent in Dollar terms (23.81 per cent in Rupee terms). Major commodity groups of import showing high growth in November 2018 over the corresponding month of last year are: CRUDE OIL AND NON-OIL IMPORTS: Oil imports in November 2018 were US $ 13.49 Billion (Rs. 96,955.56 Crore), which was 41.31 percent higher in Dollar terms (56.55 percent higher in Rupee terms), compared to US $ 9.55 Billion (Rs. 61,933.97 Crore) in November 2017. Oil imports in April-November 2018-19 were US $ 97.43 Billion (Rs. 6,79,769.26 Crore) which was 49.14 per cent higher in Dollar terms (61.21 percent higher in Rupee terms) compared to US $ 65.33 Billion (Rs. 4,21,667.12 Crore), over the same period last year. In this connection it is mentioned that the global Brent price ($/bbl) has increased by 4.16% in Nov ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ember 2018 vis- -vis November 2017 as per data available from World Bank (Pink Sheet). Non-oil imports in November 2018 were estimated at US $ 29.68 Billion (Rs.2,13,259.90 Crore) which was 6.79per cent lower in Dollar terms (3.26 percent higher in Rupee terms), compared to US $ 31.84 Billion (Rs. 2,06,533.56 Crore) in November 2017. Non-oil imports in April-November 2018-19 were US $ 248.21 Billion (Rs.17,27,504.61 Crore) which was 5.18 per cent higher in Dollar terms (13.45 percent higher in Rupee terms), compared to US $ 235.98 Billion (Rs. 15,22,688.36 Crore) in April-November2017-18. Non-Oil and Non-Gold imports were US $ 26.92 billion in November 2018, recording a negative growth of 5.78 per cent, as compared to Non-Oil and Non-Gold imports in November 2017. Non-Oil and Non-Gold imports were US $ 226.13 billion in April-November 2018-19, recording a positive growth of 6.27 per cent, as compared to Non-Oil and Non-Gold imports in April-November 2017-18. TRADE IN SERVICES (for October, 2018, as per the RBI Press Release dated 14th December 2018) EXPORTS (Receipts) Exports in October2018 were US $ 16.82Billion (Rs.1,23,812.71 Crore) registering a positive ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... growth of 2.65 per cent in dollar terms, vis- -vis September 2018. (as per RBI s Press Release for the respective months). IMPORTS (Payments) Imports inOctober2018 were US $ 10.10 Billion (Rs.74,361.26 Crore) registering a positive growth of 1.54 per cent in dollar terms,vis- -vis September 2018. (as per RBI s Press Release for the respective months). III.TRADE BALANCE MERCHANDISE : The trade deficit for November 2018 was estimated at US $ 16.67 Billion as against the deficit of US $ 15.10 Billion in November 2017. SERVICES : As per RBI s Press Release dated 14th December 2018, the trade balance in Services (i.e. Net Services export) for October, 2018 is estimated at US $ 6.72 Billion. OVERALL TRADE BALANCE: Taking merchandise and services together, overall trade deficit for April-November 2018-19* is estimated at US $ 76.19 Billion as compared to US $ 61.58 Billion in April-November 2017-18. *Note: Services data pertains to April-October 2018-19 as October 2018 is the latest data available as per RBI s Press Release dated 14th December 2018. It is arrived at by adding Month-wise QE dataof RBI s press release for April to October 2018-19. This data is ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... provisional and subject to revision by RBI. In addition, it may be noted that data for November 2018 is estimated and added to the April-October 2018-19 data of RBI to calculate the Overall Trade Deficit for April-November 2018-19. It will be revised based on RBI s next press release for November 2018. MERCHANDISE TRADE EXPORTS IMPORTS: (US $ Billion) (PROVISIONAL) NOVEMBER APRIL-NOVEMBER EXPORTS (including re-exports) 2017-18 26.29 194.93 2018-19 26.50 217.52 %Growth 2018-19/ 2017-18 0.80 11.58 IMPORTS 2017-18 41.39 301.31 2018-19 43.17 345.64 %Growth 2018-19/ 2017-18 4.31 14.71 TRADE BALANCE ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 2017-18 -15.10 -106.37 2018-19 -16.67 -128.13 EXPORTS IMPORTS: (Rs. Crore) (PROVISIONAL) NOVEMBER APRIL- NOVEMBER EXPORTS(including re-exports) 2017-18 170541.01 1257811.49 2018-19 190429.46 1514369.74 %Growth 2018-19/ 2017-18 11.66 20.40 IMPORTS 2017-18 268467.53 1944355.48 2018-19 310215.46 2407273.87 %Growth 2018-19/ 2017-18 15.55 23.81 TRADE BALANCE 2017-18 -97926.52 -686543.99 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 2018-19 -119786.00 -892904.13 SERVICES TRADE EXPORTS IMPORTS (SERVICES) : (US $ Billion) (Provisional) OCTOBER 2018 APRIL-OCTOBER 2018-19 EXPORTS (Receipts) 16.82 117.88 IMPORTS (Payments) 10.10 72.67 TRADE BALANCE 6.72 45.21 EXPORTS IMPORTS (SERVICES): (Rs. Crore) (Provisional) OCTOBER2018 APRIL-OCTOBER 2018-19 EXPORTS (Receipts) 1,23,812.71 8,16,507.69 IMPORTS (Payments) 74,361.26 5,03,133.74 TRADE BALANCE 49,451.45 3,13,373.95 Note: Services data pertains to April-October 2018-19 as October 2018 is the latest data available as per RBI s Press Release dated 14 th December 2018. April-October 2018-19 data is arrived a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t by adding Month-wise QE data. This has been used along with the estimate of service exports and imports for November 2018, as explained in page-1 for the purpose of this Press note. QUICK ESTIMATES FOR SELECTED MAJOR COMMODITIES FOR NOVEMBER 2018 TRADE: EXPORT Sl. No. Commodities (Values in Rs. crores) % change NOV'17 NOV'18 NOV'18 1 Tea 537.25 508.77 -5.30 2 Coffee 457.29 376.59 -17.65 3 Rice 3556.24 3027.99 -14.85 4 Other cereals 170.11 150.40 -11.59 5 Tobacco 462.83 569.20 22.98 6 Spices 1609.10 2027.21 25.98 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 7 Cashew 574.59 543.09 -5.48 8 Oil Meals 1020.01 1209.75 18.60 9 Oil seeds 1145.43 840.53 -26.62 10 Fruits Vegetables 1355.16 1127.09 -16.83 11 Cereal preparations miscellaneous processed items 790.77 891.85 12.78 12 Marine Products 4881.25 4591.62 -5.93 13 Meat, dairy poultry products 3377.74 2570.22 -23.91 14 Iron Ore 975.08 1033.86 6.03 15 Mica, Coal Other Ores, Minerals including processed minerals 1915.57 2205.17 15.12 16 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Leather leather products 2749.63 2888.07 5.04 17 Ceramic products glassware 1053.06 1696.48 61.10 18 Gems Jewellery 21825.94 20092.46 -7.94 19 Drugs Pharmaceuticals 9332.28 10669.45 14.33 20 Organic Inorganic Chemicals 10818.77 13454.22 24.36 21 Engineering Goods 46007.69 42632.07 -7.34 22 Electronic Goods 3757.74 5706.05 51.85 23 Cotton Yarn/Fabs./made-ups, Handloom Products etc. 5686.15 5967.79 4.95 24 Man-made Yarn/Fabs./made-ups etc. 2477.41 2663.70 7.52 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 25 RMG of all Textiles 6719.85 8112.46 20.72 26 Jute Mfg. including Floor Covering 164.25 203.46 23.87 27 Carpet 739.75 963.65 30.27 28 Handicrafts excl. handmade carpet 919.61 1054.11 14.63 29 Petroleum Products 23370.12 36939.20 58.06 30 Plastic Linoleum 3931.47 5600.16 42.44 Sub Total 162382.13 180316.67 11.04 GRAND TOTAL 170541.01 190429.46 11.66 Note 1: Grand total is inclusive of component Other . Note 2: The figures for NOVEMBER'18 and NOVEMBER'17 are provisional and subject to change ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... QUICK ESTIMATES FOR SELECTED MAJOR COMMODITIES FOR NOVEMBER 2018 TRADE: EXPORT Sl. No. Commodities (Values in Million USD) % change NOV'17 NOV'18 NOV'18 1 Tea 82.83 70.81 -14.51 2 Coffee 70.50 52.41 -25.66 3 Rice 548.27 421.41 -23.14 4 Other cereals 26.23 20.93 -20.21 5 Tobacco 71.36 79.22 11.01 6 Spices 248.08 282.13 13.73 7 Cashew 88.59 75.58 -14.69 8 Oil Meals 157.26 168.36 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 7.06 9 Oil seeds 176.59 116.98 -33.76 10 Fruits Vegetables 208.93 156.86 -24.92 11 Cereal preparations miscellaneous processed items 121.92 124.12 1.80 12 Marine Products 752.55 639.02 -15.09 13 Meat, dairy poultry products 520.75 357.70 -31.31 14 Iron Ore 150.33 143.88 -4.29 15 Mica, Coal Other Ores, Minerals including processed minerals 295.33 306.90 3.92 16 Leather leather products 423.92 401.93 -5.19 17 Ceramic products glassware 162.35 236.10 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 45.43 18 Gems Jewellery 3364.95 2796.28 -16.90 19 Drugs Pharmaceuticals 1438.78 1484.87 3.20 20 Organic Inorganic Chemicals 1667.95 1872.43 12.26 21 Engineering Goods 7093.10 5933.14 -16.35 22 Electronic Goods 579.34 794.12 37.07 23 Cotton Yarn/Fabs./made-ups, Handloom Products etc. 876.65 830.54 -5.26 24 Man-made Yarn/Fabs./made-ups etc. 381.95 370.71 -2.94 25 RMG of all Textiles 1036.01 1129.02 8.98 26 Jute Mfg. including Floor Covering 25.32 28 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... .32 11.85 27 Carpet 114.05 134.11 17.59 28 Handicrafts excl. hand made carpet 141.78 146.70 3.47 29 Petroleum Products 3603.02 5140.85 42.68 30 Plastic Linoleum 606.12 779.38 28.59 Sub Total 25034.81 25094.81 0.24 GRAND TOTAL 26292.66 26502.20 0.80 Note 1: Exports include Re-Exports. Note 2: The figures for NOVEMBER'18 and NOVEMBER'17 are provisional and subject to change Note 3: Grand total is inclusive of component Other . QUICK ESTIMATES FOR SELECTED MAJOR COMMODITIES FOR NOVEMBER 2018 TRADE: IMPORT Sl. No. Commodities (Values in Rs. crores) ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... % change NOV'17 NOV'18 NOV'18 1 Cotton Raw Waste 136.62 187.79 37.46 2 Vegetable Oil 6120.18 4926.06 -19.51 3 Pulses 2454.67 736.16 -70.01 4 Fruits vegetables 1333.00 1390.34 4.30 5 Pulp and Waste paper 641.44 727.84 13.47 6 Textile yarn Fabric, made-up articles 1083.80 1147.40 5.87 7 Fertilisers, Crude manufactured 3029.66 4918.99 62.36 8 Sulphur Unroasted Iron Pyrites 93.56 266.89 185.26 9 Metalliferous ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ores other minerals 5557.10 4760.90 -14.33 10 Coal, Coke Briquettes, etc. 12953.30 16144.24 24.63 11 Petroleum, Crude products 61933.97 96955.56 56.55 12 Wood Wood products 3298.74 3669.98 11.25 13 Leather leather products 550.45 658.85 19.69 14 Organic Inorganic Chemicals 11687.12 14341.10 22.71 15 Dyeing/tanning/colouring mtrls. 1571.63 1929.75 22.79 16 Artificial resins, plastic materials, etc. 7491.17 9222.26 23.11 17 Chemical material products 3697.88 4847.79 31.10 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 18 Newsprint 457.11 622.92 36.27 19 Pearls, precious Semi-precious stones 19125.28 11408.48 -40.35 20 Iron Steel 8185.08 10662.28 30.26 21 Non-ferrous metals 7416.91 8631.04 16.37 22 Machine tools 1902.48 2529.86 32.98 23 Machinery, electrical non-electrical 17535.51 20914.34 19.27 24 Transport equipment 15106.26 13083.73 -13.39 25 Project goods 708.79 2338.70 229.96 26 Professional instrument, Optical goods, etc. 2609.92 2947.49 12.93 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 27 Electronic goods 28340.88 31488.26 11.11 28 Medicinal. Pharmaceutical products 3312.03 3646.82 10.11 29 Gold 21194.00 19817.82 -6.49 30 Silver 1230.38 2743.05 122.94 Sub Total 250758.94 297666.71 18.71 GRAND TOTAL 268467.53 310215.46 15.55 Note 1: Grand total is inclusive of component Other . Note 2: The figures for NOVEMBER'18 and NOVEMBER'17 are provisional and subject to change QUICK ESTIMATES FOR SELECTED MAJOR COMMODITIES FOR NOVEMBER 2018 TRADE: IMPORT Sl. No. Commodities (Values in Million USD) % change NOV'17 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... NOV'18 NOV'18 1 Cotton Raw Waste 21.06 26.13 24.07 2 Vegetable Oil 943.56 685.56 -27.34 3 Pulses 378.44 102.45 -72.93 4 Fruits vegetables 205.51 193.49 -5.85 5 Pulp and Waste paper 98.89 101.29 2.43 6 Textile yarn Fabric, made-up articles 167.09 159.68 -4.43 7 Fertilisers, Crude manufactured 467.09 684.58 46.56 8 Sulphur Unroasted Iron Pyrites 14.42 37.14 157. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 56 9 Metalliferous ores other minerals 856.75 662.58 -22.66 10 Coal, Coke Briquettes, etc. 1997.04 2246.80 12.51 11 Petroleum, Crude products 9548.49 13493.37 41.31 12 Wood Wood products 508.57 510.75 0.43 13 Leather leather products 84.86 91.69 8.05 14 Organic Inorganic Chemicals 1801.83 1995.86 10.77 15 Dyeing/tanning/colouring mtrls. 242.30 268.56 10.84 16 Artificial resins, plastic materials, etc. 1154.93 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 1283.47 11.13 17 Chemical material products 570.11 674.67 18.34 18 Newsprint 70.47 86.69 23.02 19 Pearls, precious Semi-precious stones 2948.58 1587.73 -46.15 20 Iron Steel 1261.91 1483.88 17.59 21 Non-ferrous metals 1143.48 1201.19 5.05 22 Machine tools 293.31 352.08 20.04 23 Machinery, electrical non-electrical 2703.49 2910.66 7.66 24 Transport equipment 2328.96 1820.87 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... -21.82 25 Project goods 109.28 325.48 197.84 26 Professional instrument, Optical goods, etc. 402.38 410.20 1.94 27 Electronic goods 4369.37 4382.24 0.29 28 Medicinal. Pharmaceutical products 510.62 507.53 -0.61 29 Gold 3267.52 2758.06 -15.59 30 Silver 189.69 381.75 101.25 Sub Total 38660.00 41426.43 7.16 GRAND TOTAL 41390.19 43172.91 4.31 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Note 1: Imports include Re-Imports. Note 2: The figures for NOVEMBER'18 and NOVEMBER'17 are provisional and subject to change. Note 3: Grand total is inclusive of component Other . *** - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - 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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