The Government has decided to include the Services trade data in the Press Release, along with the Merchandise trade data. However, the latest Services trade data as given by RBI’s Press Release dated 15th July, 2014 is for the month of May, 2014. The Merchandise trade data is for the month of June 2014.

EXPORTS (including re-exports)

Exports during June, 2014 were valued at US $ 26479.72 million (Rs.158165.21 crore) which was 10.22 per cent higher in Dollar terms (12.74 per cent higher in Rupee terms) than the level of US $ 24023.36 million (Rs. 140289.92 crore) during June, 2013. Cumulative value of exports for the period April-June 2014-15 was US $ 80112.30 million (Rs 478928.90 crore) as against US $ 73287.72 million (Rs 409750.38 crore) registering a growth of 9.31 per cent in Dollar terms and growth of 16.88 per cent in Rupee terms over the same period last year.

IMPORTS

Imports during June, 2014 were valued at US $ 38242.96 million (Rs.228427.88 crore) representing a growth of 8.33 per cent in Dollar terms and  growth of 10.80 per cent in Rupee terms  over the level of imports valued at US $ 35303.52 million (Rs. 206163.02 crore) in June, 2013. Cumulative value of imports for the period April-June 2014-15 was US $ 113196.23 million (Rs 676694.53 crore) as against US $ 121613.93 million (Rs 678294.38 crore) registering a negative growth of 6.92 per cent in Dollar terms and negative growth of 0.24 per cent in Rupee terms over the same period last year.

CRUDE OIL AND NON-OIL IMPORTS:

Oil imports during June, 2014 were valued at US $ 13342.8 million which was 10.90  per cent higher than oil imports valued at US $  12031.1 million in the corresponding period last year. Oil imports during April-June, 2014-15 were valued at US $ 40785.5 million which was 4.0 per cent higher than the oil imports of US $ 39204.1 million in the corresponding period last year.

Non-oil imports during June, 2014 were estimated at US $ 24900.2 million which was 7.0 per cent higher than non-oil imports of US $ 23272.4 million in June, 2013. Non-oil imports during April-June, 2014-15 were valued at US $ 72410.7 million which was 12.1 per cent lower than the level of such imports valued at US $ 82409.8 million in April-June, 2013-14.        

TRADE BALANCE

The trade deficit for April-June, 2014-15 was estimated at US $ 33083.93 million which was lower than the deficit of US $ 48326.21 million during April-June, 2013-14.

INDIA’S FOREIGN TRADE (SERVICES): MAY, 2014

(As per the RBI Press Release dated 15th July, 2014)

A.    EXPORTS (Receipts)

        Exports during May, 2014 were valued at US $ 13920 Million (Rs. 82552.56 Crore).

B.    IMPORTS (Payments)

        Imports during May, 2014 were valued at US $ 8027 Million (Rs. 47604.12 Crore).

C.    TRADE BALANCE

       The trade balance in Services (i.e. net exports of Services) for May, 2014 was estimated at US $ 5893 Million.

EXPORTS & IMPORTS (MERCHANDISE) : (US $ Million)

(PROVISIONAL)

		JUNE	APRIL-JUNE
EXPORTS(including re-exports)
2013-14		24023.36	73287.72
2014-15		26479.72	80112.30
%Growth2014-15/ 2013-14		10.22	9.31
IMPORTS
2013-14		35303.52	121613.93
2014-15		38242.96	113196.23
%Growth 2014-15/ 2013-14		8.33	-6.92
TRADE BALANCE
2013-14		-11280.16	-48326.21
2014-15		-11763.24	-33083.93
EXPORTS & IMPORTS  : (Rs. Crore) (PROVISIONAL)
		JUNE	APRIL-JUNE
EXPORTS(including re-exports)
2013-14		140289.92	409750.38
2014-15		158165.21	478928.90
%Growth 2014-15/ 2013-14		12.74	16.88
IMPORTS
2013-14		206163.02	678294.38
2014-15		228427.88	676694.53
%Growth 2014-15/ 2013-14		10.80	-0.24
TRADE BALANCE
2013-14		-65873.10	-268544.00
2014-15		-70262.67	-197765.63

EXPORTS & IMPORTS  (SERVICES): (US $ Million)
(PROVISIONAL)	MAY 2014
EXPORTS (Receipts)	13920.00
IMPORTS (Payments)	8027.00
TRADE BALANCE (Net Export of Services)	5893.00
EXPORTS & IMPORTS (SERVICES)  : (Rs. Crore)
(PROVISIONAL)	MAY 2014
EXPORTS (Receipts)	82552.56
IMPORTS (Payments)	47604.12
TRADE BALANCE (Net Export of Services)	34948.44

For Quick Estimates for Merchandise Trade: Selected Major Commodities, Click Here.

Trade balance improvement reported as services data added to merchandise statistics, narrowing the quarterly deficit. The Government integrated services trade data with merchandise statistics, presenting provisional monthly and April-June aggregates and growth rates. Exports rose year-on-year while April-June imports declined in dollar terms, yielding a narrower quarterly trade deficit. Crude oil imports increased for the month and quarter, non-oil imports fell for the quarter, and services showed a positive net export position for May.