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TMI BlogINDIA’S FOREIGN TRADE: January 2020X X X X Extracts X X X X X X X X Extracts X X X X ..... INDIA’S FOREIGN TRADE: January 2020 - News and Press Release Dated:- 14-2-2020 - News - India s overall exports (Merchandise and Services combined) in April-January 2019-20* are estimated to be USD 446.46 billion, exhibiting a positive growth of 1.94 per cent over the same period last year. Overall imports in April-January 2019-20* are estimated to be USD 510.62 billion, exhibiting a negative growth of (-)4.69 per cent over the same period last year. *Note: The latest data for services sector released by RBI is for December 2019. The data for January 2020 is an estimation, which will be revised based on RBI s subsequent release. I. MERCHANDISE TRADE E ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... XPORTS (including re-exports) Exports in January 2020 were USD 25.97 billion, as compared to USD 26.41 billion in January 2019, exhibiting a negative growth of (-) 1.66 per cent. In Rupee terms, exports were ₹ 1,85,204 crore in January 2020, as compared to ₹ 1,86,801.37 crore in January 2019, registering a negative growth of (-) 0.86 per cent. In January 2020, major commodity groups of export showing positive growth over the corresponding month of last year are Cumulative value of exports for the period April-January 2019-20 was USD 265.26 billion (₹ 18,69,762.61 crore) as against USD 270.49 billion (₹ 18,89,062.68 crore) d ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... uring the period April-January 2018-19, registering a negative growth of (-) 1.93 per cent in Dollar terms (negative growth of (-) 1.02 per cent in Rupee terms). Non-petroleum and Non Gems and Jewellery exports in January 2020 were USD 19.79 billion, as compared to USD 19.94 billion in January 2019, exhibiting a negative growth of (-) 0.78 per cent. Non-petroleum and Non Gems and Jewellery exports in April-January 2019-20 were USD 197.60 billion, as compared to USD 197.59 billion for the corresponding period in 2018-19. IMPORTS Imports in January 2020 were USD 41.14 billion (₹ 2,93,418.56 crore), which was 0.75 per cent lower in Dollar terms and 0.07 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... per cent higher in Rupee terms over imports of USD 41.46 billion (₹ 2,93,225.37 crore) in January 2019. Cumulative value of imports for the period April-January 2019-20 was USD 398.53 billion (₹ 28,08,202.38 crore), as against USD 433.77 billion (₹ 30,30,317.38 crore) during the period April-January 2018-19, registering a negative growth of (-)8.12 per cent in Dollar terms (negative growth of (-)7.33 per cent in Rupee terms). Major commodity groups of import showing negative growth in January 2020 over the corresponding month of last year are: CRUDE OIL AND NON-OIL IMPORTS: Oil imports in January 2020 were USD 12.97 billion (₹ 92 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ,502.86 crore), which was 15.27 percent higher in Dollar terms (16.21 percent higher in Rupee terms), compared to USD 11.25 billion (₹ 79,596.67 crore) in January 2019. Oil imports in April-January 2019-20 were USD 108.66 billion (₹ 7,65,950.42 crore) which was 9.24 per cent lower in Dollar terms (8.53 percent lower in Rupee terms) compared to USD 119.72 billion (₹ 8,37,369.22 crore), over the same period last year. In this connection it is mentioned that the global Brent price ($/bbl) has increased by 7.31% in January 2020 vis- -vis January 2019 as per data available from World Bank. Non-oil imports in January 2020 were estimated at USD 28.17 billion (₹ 2 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ,00,915.70 crore) which was 6.72 per cent lower in Dollar terms (5.95 percent lower in Rupee terms), compared to USD 30.20 billion (₹ 2,13,628.70 crore) in January 2019. Non-oil imports in April-January 2019-20 were USD 289.87 billion (₹ 20,42,251.96 crore) which was 7.70 per cent lower in Dollar terms (6.87 percent lower in Rupee terms), compared to USD 314.04 billion (₹ 21,92,948.16 crore) in April-January 2018-19. Non-Oil and Non-Gold imports were USD 26.59 billion in January 2020, recording a negative growth of (-)4.66 per cent, as compared to Non-Oil and Non-Gold imports of USD 27.89 billion in January 2019. Non-Oil and Non-Gold imports were USD 265.23 billion in April-January 2019-20, r ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ecording a negative growth of (-)7.59 per cent, as compared to Non-Oil and Non-Gold imports USD 287.00 billion in April-January 2018-19. II. TRADE IN SERVICES EXPORTS (Receipts) As per the latest press release by RBI dated 14 th February 2020, exports in December 2019 were USD 20.00 billion (₹ 1, 42,413.68 crore) registering a positive growth of 11.59 per cent in dollar terms, vis- -vis December 2018. The estimated value of services export for January 2020* is USD 20.92 billion. IMPORTS (Payments) As per the latest press release by RBI dated 1 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 4 th February 2020, imports in December 2019 were USD 12.56 billion (₹ 89,382.31 crore) registering a positive growth of 10.36 per cent in dollar terms, vis- -vis December 2018. The estimated value of service Import for January 2020* is USD 13.10 billion. III.TRADE BALANCE MERCHANDISE : The trade deficit for January 2020 was estimated at USD 15.17 billion as against the deficit of USD 15.05 billion in January 2019. SERVICES : As per RBI s Press Release dated 14 th February 2020, the trade balance in Services (i.e. Net Services export) for December, 2019 is estimated at USD 7.45 billion. OVE ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... RALL TRADE BALANCE: Taking merchandise and services together, overall trade deficit for April-January 2019-20* is estimated at USD 64.16 billion as compared to USD 97.79 billion in April-January 2018-19. *Note: The latest data for services sector released by RBI is for December 2019. The data for January 2020 is an estimation, which will be revised based on RBI s subsequent release. MERCHANDISE TRADE EXPORTS IMPORTS : (US $ Billion) (PROVISIONAL) January APRIL-January EXPORTS(including re-exports) ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 2018-19 26.41 270.49 2019-20 25.97 265.26 %Growth 2019-20/ 2018-19 -1.66 -1.93 IMPORTS 2018-19 41.46 433.77 2019-20 41.14 398.53 %Growth 2019-20/ 2018-19 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... -0.75 -8.12 TRADE BALANCE 2018-19 -15.05 -163.27 2019-20 -15.17 -133.27 EXPORTS IMPORTS: (Rs. Crore) (PROVISIONAL) January APRIL-January ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... EXPORTS(including re-exports) 2018-19 1,86,801.37 18,89,062.68 2019-20 1,85,204.00 18,69,762.61 %Growth 2019-20/ 2018-19 -0.86 -1.02 IMPORTS 2018-19 2,93,225.37 30,30,317.38 2019-20 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 2,93,418.56 28,08,202.38 %Growth 2019-20/ 2018-19 0.07 -7.33 TRADE BALANCE 2018-19 -1,06,424.00 -11,41,254.70 2019-20 -1,08,214.56 -9,38,439.77 SERVICES TRADE EXPORTS IMPORTS (SERVICES) : (US $ Billion) (PROVISIONAL) ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... December 2019 April-December 2019-20 EXPORTS (Receipts) 20.00 160.27 IMPORTS (Payments) 12.56 98.99 TRADE BALANCE 7.45 61.28 EXPORTS IMPORTS (SERVICES): (Rs. Crore) (PROVISIONAL) December 2019 April-December 2019-20 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... EXPORTS (Receipts) 1,42,413.68 11,28,639.25 IMPORTS (Payments) 89,382.31 6,97,158.95 TRADE BALANCE 53,031.37 4,31,480.30 Source: RBI Press Release dated 14 th February 2020 *Note: The latest data for services sector released by RBI is for December 2019. The data for January 2020 is an estimation, which will be revised based on RBI s subsequent release. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... * Link for Quick Estimates - 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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