EXPORTS (including re-exports)

Exports during July, 2013 were valued at US $ 25834.46 million (Rs. 154426.51 crore) which was 11.64 per cent higher in Dollar terms (20.25 per cent higher in Rupee terms) than the level of US $ 23140.43 million (Rs. 128417.33 crore) during July, 2012. Cumulative value of exports for the period April-July 2013 -14 was US $ 98290.13 million (Rs. 559531.29 crore) as against US $ 96632.20 million (Rs. 526301.34 crore) registering a growth of 1.72 per cent in Dollar terms and growth of 6.31 per cent in Rupee terms over the same period last year.

IMPORTS

Imports during July, 2013 were valued at US $ 38102.56 million (Rs.227759.60 crore) representing a negative growth of 6.20 per cent in Dollar terms and growth of 1.04 per cent in Rupee terms over the level of imports valued at US $ 40619.45 million (Rs. 225416.80 crore) in July, 2012. Cumulative value of imports for the period April-July, 2013-14 was US $ 160738.29 million (Rs. 911927.33 crore) as against US $ 156327.95 million (Rs. 851289.60 crore) registering a growth of 2.82 per cent in Dollar terms and growth of 7.12 per cent in Rupee terms over the same period last year.

CRUDE OIL AND NON-OIL IMPORTS:              

Oil imports during July, 2013 were valued at US $ 12709.4 million which was 8.02 per cent lower than oil imports valued at US $ 13816.9 million in the corresponding period last year. Oil imports during April-July, 2013-14 were valued at US $ 54584.3 million which was 2.65 per cent higher than the oil imports of US $ 53174.3 million in the corresponding period last year.

Non-oil imports during July, 2013 were estimated at US $ 25393.2 million which was 5.26 per cent lower than non-oil imports of US $ 26802.6 million in July, 2012. Non-oil imports during April-July, 2013-14 were valued at US $ 106154.0 million which was 2.9 per cent higher than the level of such imports valued at US $ 103153.6 million in April-July, 2012-13

TRADE BALANCE

The trade deficit for April-July, 2013-14 was estimated at US $ 62448.16 million which was higher than the deficit of US $ 59695.75 million during April-July, 2012-13.

 

Trade balance: deficit widened as exports edged up while imports grew, driven by oil and non oil movements. Exports rose in July 2013 and cumulatively for April-July showed modest year-on-year growth, while July imports fell in dollar terms but increased slightly in rupee terms and cumulative imports for April-July rose; oil imports fell in July but were higher cumulatively, non-oil imports fell in July but rose cumulatively, and these patterns produced a larger trade deficit for April-July 2013-14 compared with the same period last year.