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TMI BlogIndia’s Foreign Trade: October 2020X X X X Extracts X X X X X X X X Extracts X X X X ..... India’s Foreign Trade: October 2020 X X X X Extracts X X X X X X X X Extracts X X X X ..... HANDISE TRADE EXPORTS (including re-exports) * Exports inOctober2020 were USD24.89Billion, as compared to USD26.23Billion in October 2019, exhibiting a negative growth of (-)5.12per cent. In Rupee terms, exports were ₹ 1,82,845.95Crore in October2020, as compared to ₹ 1,86,358.06Crore in October2019, registering a negative growth of (-)1.88per cent. * Major commodities/commodity groups which have recorded positive growth during October 2020 vis-à-vis October 2019 are Other cereals (378.23%), Rice (113.62%), Oil meals (78.57%), Iron ore (74.14%), Oil seeds (54.21%), Carpet (37.67%), Cereal preparations & miscellaneous processed items (36.18%), Ceramic products & glassware (34.92%), Spices (21.85%), Drugs & pharmaceuti ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... cals (21.85%), Jute mfg. including floor covering (18.73%), Meat, dairy & poultry products (16.66%), Handicrafts excl. handmade carpet (11.38%), Fruits & vegetables (9.87%), Mica, Coal & other ores, minerals including processed minerals (9.64%), Cotton yarn/fabs./made-ups, handloom products etc. (6.68%), RMG of all textiles (6.32%), Tobacco (4.33%), Organic & inorganic chemicals (1.94%) and Tea (0.12%). * Major commodities/commodity groups which have recorded negative growth during October 2020 vis-à-vis October 2019 are Petroleum products (-52.04%), Cashew (-21.57%), Gems & jewellery (-21.27%), Leather & leather products (-16.67%), Man-made yarn/fabs./made-ups etc. (-12.8%), Electronic goods (-9.36%), Coffee (-9.23%), Marine produ ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... cts (-8.09%), Plastic & Linoleum (-6.86%) and Engineering goods (-3.75%). * Cumulative value of exports for the period April-October 2020-21 was USD150.14Billion (₹ 11,21,375.89Crore) as against USD185.40Billion (₹ 13,00,244.23Crore) during the period April-October 2019-20, registering a negative growth of (-) 19.02per cent in Dollar terms (negative growth of (-)13.76per cent in Rupee terms). * Non-petroleum and Non-Gems and Jewellery exports in October 2020 were USD20.31Billion, as compared to USD19.07Billion in October2019, registering a positive growth of 6.51per cent. Non-petroleum and Non-Gems and Jewellery exports in April-October 2020-21 were USD124.82Billion, as compared to USD137.72Billion for the corresponding peri ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... od in 2019-20, which is a decrease of (-)9.37 per cent. IMPORTS * Imports in October2020 were USD33.61Billion (₹ 2,46,856.53Crore), which is a decline of(-) 11.53per cent in Dollar terms and (-) 8.52per cent in Rupee terms over imports of USD37.99Billion (₹ 2,69,852.86Crore) in October2019. Cumulative value of imports for the period April-October 2020-21 was USD182.29Billion (₹ 13,61,543.11Crore), as against USD286.07Billion (₹ 20,05,403.85Crore) during the period April-October 2019-20, registering a negative growth of (-)36.28per cent in Dollar terms and a negative growth of (-)32.11per cent in Rupee terms. * Major commodity groups of import showing negative growth in October2020 over the corresponding month of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... last year are: CRUDE OIL AND NON-OIL IMPORTS: * Oil imports inOctober2020 were USD5.98Billion (₹ 43,935.17Crore), which was 38.52percentlower in Dollar terms (36.43percent lower in Rupee terms), compared to USD9.73Billion (₹ 69,111.05Crore) in October2019. Oil imports inApril-October 2020-21 were USD37.84Billion (₹ 2,82,930.87Crore) which was 49.50per cent lower in Dollar terms (46.13percent lower in Rupee terms) compared to USD74.92Billion (₹ 5,25,219.68Crore), over the same period last year. * In this connection it is mentioned that the global Brent price ($/bbl) has decreased by 31.83% in October2020 vis-à-vis October 2019 as per data available from World Bank. * Non-oil imports inOctober2020 were e ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... stimated at USD27.62Billion (₹ 2,02,921.36Crore) which was 2.24percent lower in Dollar terms (1.09percent higher in Rupee terms), compared to USD28.26Billion (₹ 2,00,741.82Crore) in October2019. Non-oil imports inApril-October 2020-21 were USD144.45Billion (₹ 10,78,612.24Crore) which was 31.58per cent lower in Dollar terms (27.13percent lower in Rupee terms), compared to USD211.14Billion (₹ 14,80,184.16Crore) in April-October2019-20. * Non-Oil and Non-Gold imports wereUSD25.12Billion in October2020, recording a negative growth of (-)4.90per cent, as compared to Non-Oil and Non-Gold importsof USD 26.42Billion in October2019. Non-Oil and Non-Gold imports wereUSD135.18Billion in April-October 2020-21, recording a nega ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tive growth of (-) 30.14per cent, as compared to Non-Oil and Non-Gold imports ofUSD 193.50Billion in April-October 2019-20. II. TRADE IN SERVICES EXPORTS (Receipts) * As per the latest press release by RBI dated 13thNovember 2020, exports in September2020 were USD 17.29Billion (₹ 1,27,013.12Crore) registering a negative growth of (-) 1.43per cent in Dollar terms, vis-à-vis September2019. The estimated value of services export for October2020* is USD 17.39Billion. IMPORTS (Payments) * As per the latest press release by RBI dated 13th November 2020, imports in September 2020 were USD 10.14Billion (₹ 74,473.70Crore) registering a negative growth of (-)8.66per cent in Dollar terms, vis-à-vis September2019. The e ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... stimated value of servicesimport for October2020* is USD 10.20Billion. III.TRADE BALANCE * MERCHANDISE: The trade deficit for October2020 was estimated at USD8.71Billion as against the deficit of USD11.75Billion inOctober2019, which is a decline of (-) 25.86 percent. * SERVICES: As per RBI's Press Release dated 13th November 2020, the trade balance in Services (i.e. Net Services export) for September 2020 is USD7.15Billion. The estimated trade balance in October 2020* is USD 7.19Billion. * OVERALL TRADE BALANCE: Taking merchandise and services together, overall trade surplus for April-October 2020-21* is estimated at USD16.52Billion as compared to the deficit of USD54.83Billion in April-October 2019-20. *Note: The latest data for s ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ervices sector released by RBI is for September2020. The data for October2020 is an estimation, which will be revised based on RBI's subsequent release. MERCHANDISE TRADE EXPORTS &IMPORTS : (US $ Billion) (PROVISIONAL) OCTOBER APRIL-OCTOBER EXPORTS(including re-exports) 2019-20 26.23 185.40 2020-21 24.89 150.14 %Growth 2020-21/ 2019-20 -5.12 -19.02 IMPORTS 2019-20 37.99 286.07 2020-21 33.61 182.29 %Growth 2020-21/ 2019-20 -11.53 -36.28 TRADE BALANCE 2019-20 -11.75 -100.67 2020-21 -8.71 -32.16 EXPORTS &IMPORTS: (Rs. Crore) (PROVISIONAL) OCTOBER APRIL-OCTOBER EXPORTS(including re-exports) 2019-20 1,86,358.06 13,00,244.23 2020-21 1,82,845.95 11,21,375.89 %Growth 2020-21/ 2019-20 -1.88 -13.76 IMPO ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... RTS
2019-20
2,69,852.86
20,05,403.85
2020-21
2,46,856.53
13,61,543.11
%Growth 2020-21/ 2019-20
-8.52
-32.11
TRADE BALANCE
2019-20
-83,494.80
-7,05,159.62
2020-21
-64,010.58
-2,40,167.22
SERVICES TRADE
EXPORTS & IMPORTS (SERVICES) : (US $ Billion)
(PROVISIONAL)
September 2020
April-September 2020-21
EXPORTS (Receipts)
17.29
97.56
IMPORTS (Payments)
10.14
56.08
TRADE BALANCE
7.15
41.48
EXPORTS & IMPORTS (SERVICES): (Rs. Crore)
(PROVISIONAL)
September 2020
April-September 2020-21
EXPORTS (Receipts)
1,27,013.12
7,32,646.52
IMPORTS (Payments)
74,473.70
4,21,060.68
TRADE BALANCE
52,539.42
3,11,585.84
Click here to see Quick Estimates for Selected Major Commodities for October 2020 X X X X Extracts X X X X X X X X Extracts X X X X ..... se - PIB ..... X X X X Extracts X X X X X X X X Extracts X X X X
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