EXPORTS (including re-exports)

Exports during August, 2013 were valued at US $ 26135.94 million (Rs. 165202.15 crore) which was 12.97 per cent higher in Dollar terms (28.53 per cent higher in Rupee terms) than the level of US $ 23134.47 million (Rs. 128534.68 crore) during August, 2012. Cumulative value of exports for the period April-August 2013 -14 was US $ 124426.07 million (Rs724733.44 crore) as against US $ 119771.91 million (Rs. 654859.77 crore) registering a growth of 3.89 per cent in Dollar terms and growth of 10.67 per cent in Rupee terms over the same period last year.

IMPORTS

Imports during August, 2013 were valued at US $ 37053.85 million (Rs.234212.93 crore) representing a negative growth of 0.68 per cent in Dollar terms and growth of 12.99 per cent in Rupee terms over the level of imports valued at US $ 37307.27 million (Rs. 207278.42 crore) in August, 2012. Cumulative value of imports for the period April-August, 2013-14 was US $ 197792.14 million (Rs. 1146140.26 crore) as against US $ 194442.45 million (Rs. 1062866.95 crore) registering a growth of 1.72 per cent in Dollar terms and growth of 7.83 per cent in Rupee terms over the same period last year.

CRUDE OIL AND NON-OIL IMPORTS:                

Oil imports during August, 2013 were valued at US $ 15095.3 million which was 17.88 per cent higher than oil imports valued at US $ 12805.7 million in the corresponding period last year. Oil imports during April-August, 2013-14 were valued at US $ 69679.6 million which was 5.60 per cent higher than the oil imports of US $ 65982.0 million in the corresponding period last year.

Non-oil imports during August, 2013 were estimated at US $ 21958.6 million which was 10.4 per cent lower than non-oil imports of US $ 24501.6 million in August, 2012. Non-oil imports during April-August, 2013-14 were valued at US $ 128112.5 million which was 0.3 per cent lower than the level of such imports valued at US $ 128460.5 million in April-August, 2012-13.

TRADE BALANCE

The trade deficit for April-August, 2013-14 was estimated at US $ 73366.07 million which was lower than the deficit of US $ 74670.54 million during April-August, 2012-13.

 

Trade balance narrows as exports rise and crude oil imports increase while non oil imports remain flat. Provisional August 2013 trade statistics indicate exports rose year on year and cumulative April-August exports grew modestly in dollar terms and more strongly in rupee terms, while imports were slightly down in dollar terms for August but up cumulatively; the April-August trade deficit narrowed. Crude oil imports increased year on year both for August and cumulatively, whereas non oil imports fell in August and were nearly unchanged cumulatively.