EXPORTS (including re-exports)

Exports during September, 2013 were valued at US $ 27679.33 million (Rs. 176461.53 crore) which was 11.15 per cent higher in Dollar terms (29.77 per cent higher in Rupee terms) than the level of US $ 24902.00 million (Rs. 135978.63 crore) during September, 2012. Cumulative value of exports for the period April-September 2013 -14 was US $ 152105.40 million (Rs 901194.97 crore) as against US $ 144673.91 million (Rs. 790838.40 crore) registering a growth of 5.14 per cent in Dollar terms and growth of 13.95 per cent in Rupee terms over the same period last year.

IMPORTS

Imports during September, 2013 were valued at US $ 34439.50 million (Rs.219559.04 crore) representing a negative growth of 18.10 per cent in Dollar terms and a negative growth of 4.38 per cent in Rupee terms over the level of imports valued at US $ 42051.45 million (Rs. 229624.04 crore) in September, 2012. Cumulative value of imports for the period April-September, 2013-14 was US $ 232231.64 million (Rs. 1365699.30 crore) as against US $ 236493.90 million (Rs. 1292490.99 crore) registering a negative growth of 1.80 per cent in Dollar terms and growth of 5.66 per cent in Rupee terms over the same period last year.

CRUDE OIL AND NON-OIL IMPORTS:

Oil imports during September, 2013 were valued at US $ 13196.5 million which was 5.94 per cent lower than oil imports valued at US $ 14029.5 million in the corresponding period last year. Oil imports during April-September, 2013-14 were valued at US $ 82876.1 million which was 3.58 per cent higher than the oil imports of US $ 80011.6 million in the corresponding period last year.

Non-oil imports during September, 2013 were estimated at US $ 21243.0 million which was 24.19 per cent lower than non-oil imports of US $ 28022.0 million in September, 2012. Non-oil imports during April-September, 2013-14 were valued at US $ 149355.5 million which was 4.55 per cent lower than the level of such imports valued at US $ 156482.3 million in April-September, 2012-13.

TRADE BALANCE

The trade deficit for April-September, 2013-14 was estimated at US $ 80126.24 million which was lower than the deficit of US $ 91819.99 million during April-September, 2012-13.

 

Trade balance improvement reduces deficit as exports rise and imports fall, altering external trade dynamics. Exports increased in September 2013 and cumulatively for April-September 2013-14 in dollar and rupee terms versus the prior year, while imports fell in September and showed slight negative cumulative growth in dollar terms but positive growth in rupee terms; oil imports were lower in September but higher cumulatively, non-oil imports declined both monthly and cumulatively, and the net effect was a narrower trade deficit for April-September 2013-14 compared with the same period in 2012-13.