EXPORTS (including re-exports)

Exports during October, 2013 were valued at US $ 27270.97 million (Rs.168031.71 crore) which was 13.47 per cent higher in Dollar terms (31.86 per cent higher in Rupee terms) than the level of US $ 24032.90 million (Rs. 127431.81 crore) during October, 2012. Cumulative value of exports for the period April-October 2013 -14 was US $ 179376.37 million (Rs 1069226.68 crore) as against US $ 168706.81 million (Rs 918270.21 crore) registering a growth of 6.32 per cent in Dollar terms and growth of 16.44 per cent in Rupee terms over the same period last year.

IMPORTS

Imports during October, 2013 were valued at US $ 37827.02 million (Rs.233073.43 crore) representing a negative growth of 14.50 per cent in Dollar terms and a negative growth of 0.65 per cent in Rupee terms over the level of imports valued at US $ 44243.75 million (Rs. 234597.63 crore) in October, 2012. Cumulative value of imports for the period April-October, 2013-14 was US $ 270058.66 million (Rs. 1598772.73 crore) as against US $ 280737.65 million (Rs. 1527088.62 crore) registering a negative growth of 3.80 per cent in Dollar terms and growth of 4.69 per cent in Rupee terms over the same period last year.

CRUDE OIL AND NON-OIL IMPORTS:          

Oil imports during October, 2013 were valued at US $ 15217.6 million which was 1.7 per cent higher than oil imports valued at US $ 14957.7 million in the corresponding period last year. Oil imports during April-October, 2013-14 were valued at US $ 98093.7 million which was 3.3 per cent higher than the oil imports of US $ 94969.2 million in the corresponding period last year.

Non-oil imports during October, 2013 were estimated at US $ 22609.4 million which was 22.80 per cent lower than non-oil imports of US $ 29286.1 million in October, 2012. Non-oil imports during April-October, 2013-14 were valued at US $ 171965.0 million which was 7.43 per cent lower than the level of such imports valued at US $ 185768.5 million in April-October, 2012-13.

The trade deficit for April-October, 2013-14 was estimated at US $ 90682.29 million which was lower than the deficit of US $ 112030.84 million during April-October, 2012-13.

EXPORTS & IMPORTS : (US $ Million)
(PROVISIONAL)
	OCTOBER	APRIL-OCTOBER
EXPORTS(including re-exports)
2012-13	24032.90	168706.81
2013-14	27270.97	179376.37
%Growth2013-14/ 2012-2013	13.47	6.32
IMPORTS
2012-13	44243.75	280737.65
2013-14	37827.02	270058.66
%Growth2013-14/ 2012-2013	-14.50	-3.80
TRADE BALANCE
2012-13	-20210.85	-112030.84
2013-14	-10556.05	-90682.29
EXPORTS & IMPORTS : (Rs. Crore)
(PROVISIONAL)	OCTOBER	APRIL-OCTOBER
EXPORTS(including re-exports)
2012-13	127431.81	918270.21
2013-14	168031.71	1069226.68
%Growth2013-14/ 2012-2013	31.86	16.44
IMPORTS
2012-13	234597.63	1527088.62
2013-14	233073.43	1598772.73
%Growth2013-14/ 2012-2013	-0.65	4.69
TRADE BALANCE
2012-13	-107165.82	-608818.41
2013-14	-65041.72	-529546.05

Trade deficit narrows as exports rise and imports fall, driven by non oil import contraction and steady oil imports. Exports rose in October 2013 and cumulatively for April-October 2013-14 in both dollar and rupee terms, while imports declined in dollar terms for October and cumulatively; oil imports edged up year-on-year but non-oil imports fell substantially, resulting in a narrower April-October trade deficit compared with the same period in the prior year.