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TMI BlogIndia’s Foreign Trade: November 2019X X X X Extracts X X X X X X X X Extracts X X X X ..... India’s Foreign Trade: November 2019 - News and Press Release Dated:- 13-12-2019 - News - India s overall exports (Merchandise and Services combined) in April-November 2019-20* are estimated to be USD 353.96 billion, exhibiting a positive growth of 1.60 per cent over the same period last year. Overall imports in April-November 2019-20* are estimated to be USD 408.02 billion, exhibiting a negative growth of (-)5.30 per cent over the same period last year. *Note: The latest data for services sector released by RBI is for October 2019. The data for November 2019 is an estimation, which will be revised based on RBI s subsequent release. I. MERCHANDISE TRADE EX ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... PORTS (including re-exports) Exports inNovember 2019 were USD25.98 billion, as compared to USD26.07 billion in November 2018, exhibiting a negative growth of (-)0.34 per cent. In Rupee terms, exports were ₹ 1,85,644.81 crore in November 2019, as compared to ₹ 1,87,335.14 crore in November 2018, registering a negative growth of (-)0.90 per cent. In November 2019, major commodity groups of export showing positivegrowth over the corresponding month of last year are Cumulative value of exports for the period April-November 2019-20 was USD211.93 billion (₹ 14,89,793.87 crore) as against USD216.23 billion (₹ 15,05,216.55 crore) during the period April-N ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ovember 2018-19, registering a negative growth of (-)1.99 per cent in Dollar terms (negative growth of (-)1.02 per cent in Rupee terms). Non-petroleum and Non Gems and Jewellery exports in November 2019 were USD19.31 billion, as compared to USD18.55 billion in November 2018, exhibiting a positive growth of 4.08 per cent. Non-petroleum and Non Gems and Jewellery exports in April-November 2019-20 were USD156.76 billion, as compared to USD156.49 billion for the corresponding period in 2018-19, anincrease of 0.17per cent. IMPORTS Imports in November 2019 were USD 38.11 billion (₹ 2,72,274.45 crore), which was 12.71 per cent lower in Dollar terms and 13.20 per cent lower in Rupee terms o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ver imports of USD 43.66 billion (₹ 3,13,680.85 crore) in November 2018. Cumulative value of imports for the period April-November 2019-20 was USD 318.78 billion (₹ 22,39,900.18 crore), as against USD 349.96 billion (₹ 24,37,538.61 crore) during the period April-November 2018-19, registering a negative growth of (-)8.91 per cent in Dollar terms (negative growth of (-)8.11 per cent in Rupee terms). Major commodity groups of import showing negative growth in November 2019 over the corresponding month of last year are: CRUDE OIL AND NON-OIL IMPORTS: Oil imports in November 2019 were USD 11.06 billion (₹ 79,040.21 crore), which was 18.17 percent lowe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r in Dollar terms (18.63 percent lower in Rupee terms), compared to USD 13.52 billion (₹ 97,134.45 crore) in November 018. Oil imports in April-November 2019-20 were USD 84.99 billion (₹ 5,97,310.87 crore) which was 12.99 per cent lower in Dollar terms (12.35 percent lower in Rupee terms) compared to USD 97.69 billion (₹ 6,81,497 crore), over the same period last year. In this connection it is mentioned that the global Brent price ($/bbl) has decreased by 3.73 % in November 2019 vis- -vis November 2018 as per data available from World Bank. Non-oil imports in November 2019 were estimated at USD27.04 billion (₹ 1,93,234.24 crore) which was 10.26 per cent lower in Dollar terms (10.77 p ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ercent lower in Rupee terms), compared to USD30.14 billion (₹ 2,16,546.40 crore) in November 2018. Non-oil imports in April-November 2019-20 were USD233.78 billion (₹ 16,42,589.31 crore) which was 7.33 per cent lower in Dollar terms (6.46 percent lower in Rupee terms), compared to USD252.27 billion (₹ 17,56,041.60 crore) in April-November 2018-19. Non-Oil and Non-Gold imports were USD24.10 billion in November 2019, recording a negative growth of (-)11.96 per cent, as compared to Non-Oil and Non-Gold imports of USD 27.37 billion in November 2018. Non-Oil and Non-Gold imports were USD213.19 billion in April-November 2019-20, recording a negative growth of (-)7.35 per cent, as compared to Non-Oil and Non-Gold ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... imports USD 230.12 billion in April-November 2018-19. II. TRADE IN SERVICES EXPORTS (Receipts) As per the latest press release by RBI dated 13 th December 2019, exports in October 2019 were USD 17.70 billion (₹ 1,25,725.53 crore) registering a positive growth of 5.25 per cent in dollar terms, vis- -vis October 2018. The estimated value of services export for November 2019* is USD 17.26 billion. IMPORTS (Payments) As per the latest press release by RBI dated 13 th December 2019, imports in October 2019 were USD 10.86 billion (₹ 77,177.20 crore) registering a positive growth of 7.58 per cent in dollar terms, vis- - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... vis October 2018. The estimated value of service Import for November 2019* is USD 10.28 billion. III.TRADE BALANCE MERCHANDISE : The trade deficit for November 2019 was estimated at USD12.12 billion as against the deficit of USD17.58 billion in November 2018. SERVICES : As per RBI s Press Release dated 13 th December 2019, the trade balance in Services (i.e. Net Services export) for October, 2019 is estimated at USD6.83 billion. OVERALL TRADE BALANCE: Taking merchandise and services together, overall trade deficit for April-November 2019-20* is estimated at USD54.06 billion as compared to USD82.47 billion in April-November 2018-19. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... *Note: The latest data for services sector released by RBI is for October 2019. The data for November 2019 is an estimation, which will be revised based on RBI s subsequent release. MERCHANDISE TRADE EXPORTS IMPORTS : (US $ Billion) (PROVISIONAL) NOVEMBER APRIL-NOVEMBER EXPORTS(including re-exports) 2018-19 26.07 216.23 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 2019-20 25.98 211.93 %Growth 2019-20/ 2018-19 -0.34 -1.99 IMPORTS 2018-19 43.66 349.96 2019-20 38.11 318.78 %Growth 2019-20/ 2018-19 -12.71 -8.91 TRADE BALANCE ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 2018-19 -17.58 -133.74 2019-20 -12.12 -106.84 EXPORTS IMPORTS: (Rs. Crore) (PROVISIONAL) NOVEMBER APRIL-NOVEMBER EXPORTS(including re-exports) 2018-19 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 1,87,335.14 15,05,216.55 2019-20 1,85,644.81 14,89,793.87 %Growth 2019-20/ 2018-19 -0.90 -1.02 IMPORTS 2018-19 3,13,680.85 24,37,538.61 2019-20 2,72,274.45 22,39,900.18 %Growth 2019-20/ 2018-19 - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 13.20 -8.11 TRADE BALANCE 2018-19 -1,26,345.70 -9,32,322.06 2019-20 -86,629.64 -7,50,106.31 SERVICES TRADE EXPORTS IMPORTS (SERVICES) : (US $ Billion) (PROVISIONAL) October 2019 April-October 2019-20 EXPORTS (Receipts) ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 17.70 124.76 IMPORTS (Payments) 10.86 78.96 TRADE BALANCE 6.83 45.80 EXPORTS IMPORTS (SERVICES): (Rs. Crore) (PROVISIONAL) October 2019 April-October 2019-20 EXPORTS (Receipts) 1,25,725.53 8,74,938.73 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... IMPORTS (Payments) 77,177.20 5,53,723.83 TRADE BALANCE 48,548.33 3,21,214.90 Source: RBI Press Release dated 13 th December 2019 *Note: The latest data for services sector released by RBI is for October 2019. The data for November 2019 is an estimation, which will be revised based on RBI s subsequent release. *Link for Quick Estimates - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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