EXPORTS (including re-exports)

Exports during November, 2013 were valued at US $ 24613.29 million (Rs.154160.39 crore) which was 5.86 per cent higher in Dollar terms (21.04 per cent higher in Rupee terms) than the level of US $ 23250.94 million (Rs. 127358.88 crore) during November, 2012. Cumulative value of exports for the period April-November 2013 -14 was US $ 203989.66 million (Rs 1223387.07 crore) as against US $ 191957.75 million (Rs 1045629.09 crore) registering a growth of 6.27 per cent in Dollar terms and growth of 17 per cent in Rupee terms over the same period last year.

IMPORTS

Imports during November, 2013 were valued at US $ 33833.23 million (Rs.211907.66 crore) representing a negative growth of 16.37 per cent in Dollar terms and a negative growth of 4.37 per cent in Rupee terms over the level of imports valued at US $ 40454.01 million (Rs. 221590.06 crore) in November, 2012. Cumulative value of imports for the period April-November, 2013-14 was US $ 303891.89 million (Rs. 1810680.39 crore) as against US $ 321191.66 million (Rs. 1748678.68 crore) registering a negative growth of 5.39 per cent in Dollar terms and growth of 3.55 per cent in Rupee terms over the same period last year.

CRUDE OIL AND NON-OIL IMPORTS:

Oil imports during November, 2013 were valued at US $ 12964.8 million which was 1.1 per cent lower than oil imports valued at US $ 13107.0 million in the corresponding period last year. Oil imports during April-November, 2013-14 were valued at US $ 111058.5 million which was 2.8 per cent higher than the oil imports of US $ 108076.3 million in the corresponding period last year.

Non-oil imports during November, 2013 were estimated at US $ 20868.4 million which was 23.69 per cent lower than non-oil imports of US $ 27347.0 million in November, 2012. Non-oil imports during April-November, 2013-14 were valued at US $ 192833.4 million which was 9.5 per cent lower than the level of such imports valued at US $ 213115.4 million in April-November, 2012-13.

TRADE BALANCE

The trade deficit for April-November, 2013-14 was estimated at US $ 99902.23 million which was lower than the deficit of US $ 129233.91 million during April-November, 2012-13.

EXPORTS & IMPORTS  : (US $ Million)
(PROVISIONAL)
	NOVEMBER	APRIL-NOVEMBER
EXPORTS(including re-exports)
2012-13	23250.94	191957.75
2013-14	24613.29	203989.66
%Growth2013-14/ 2012-2013	5.86	6.27
IMPORTS
2012-13	40454.01	321191.66
2013-14	33833.23	303891.89
%Growth2013-14/ 2012-2013	-16.37	-5.39
TRADE BALANCE
2012-13	-17203.07	-129233.91
2013-14	-9219.94	-99902.23
EXPORTS & IMPORTS  : (Rs. Crore)
(PROVISIONAL)	NOVEMBER	APRIL-NOVEMBER
EXPORTS(including re-exports)
2012-13	127358.88	1045629.09
2013-14	154160.39	1223387.07
%Growth2013-14/ 2012-2013	21.04	17.00
IMPORTS
2012-13	221590.06	1748678.68
2013-14	211907.66	1810680.39
%Growth2013-14/ 2012-2013	-4.37	3.55
TRADE BALANCE
2012-13	-94231.18	-703049.59
2013-14	-57747.27	-587293.32

 

 

Trade deficit narrowed as exports rose and imports fell, driven by lower non oil imports and mixed oil trends. Exports in November 2013 rose in dollar and rupee terms and cumulative April-November exports grew year on year. Imports in November declined in dollar terms while cumulative imports fell in dollars but rose in rupees. Oil imports were marginally lower in November but higher cumulatively; non oil imports declined sharply both monthly and cumulatively. These movements resulted in a narrower trade deficit for April-November 2013-14 compared with the same period in the previous year, with provisional statistics provided in both currencies and percentage growth rates.