EXPORTS (including re-exports)

Exports during December, 2013 were valued at US $ 26346.06 million (Rs.163109.25 crore) which was 3.49 per cent higher in Dollar terms (17.24 per cent higher in Rupee terms) than the level of US $ 25457.54 million (Rs. 139119.85 crore) during December, 2012. Cumulative value of exports for the period April-December 2013 -14 was US $ 230335.72 million (Rs 1386496.32 crore) as against US $ 217415.29 million (Rs 1184748.94 crore) registering a growth of 5.94 per cent in Dollar terms and growth of 17.03 per cent in Rupee terms over the same period last year.

IMPORTS

Imports during December, 2013 were valued at US $ 36486.32 million (Rs.225887.93 crore) representing a negative growth of 15.25 per cent in Dollar terms and a negative growth of 3.98 per cent in Rupee terms over the level of imports valued at US $ 43050.57 million (Rs. 235261.91 crore) in December, 2012. Cumulative value of imports for the period April-December, 2013-14 was US $ 340378.21 million (Rs. 2036568.32 crore) as against US $ 364242.23 million (Rs. 1983940.59 crore) registering a negative growth of 6.55 per cent in Dollar terms and growth of 2.65 per cent in Rupee terms over the same period last year.

CRUDE OIL AND NON-OIL IMPORTS:

Oil imports during December, 2013 were valued at US $ 13899.6 million which was 1.1 per cent higher than oil imports valued at US $ 13755.6 million in the corresponding period last year. Oil imports during April-December, 2013-14 were valued at US $ 124958.1 million which was 2.6 per cent higher than the oil imports of US $ 121831.8 million in the corresponding period last year.

Non-oil imports during December, 2013 were estimated at US $ 22586.7 million which was 22.9 per cent lower than non-oil imports of US $ 29295.0 million in December, 2012. Non-oil imports during April-December, 2013-14 were valued at US $ 215420.1 million which was 11.1 per cent lower than the level of such imports valued at US $ 242410.4 million in April-December, 2012-13.

TRADE BALANCE

The trade deficit for April-December, 2013-14 was estimated at US $ 110042.49 million which was lower than the deficit of US $ 146826.94 million during April-December, 2012-13.

 

Trade balance improves as exports increase and imports decline, narrowing the trade deficit over April-December. Exports rose in December and for April-December on a year on year basis while imports declined in December and over April-December in US dollar terms, resulting in a reduced cumulative trade deficit; crude oil imports were slightly higher while non oil imports fell for the compared periods.