EXPORTS (including re-exports)

Exports during November, 2014 were valued at US $ 25960.57 million (Rs.160187.60 crore) which was 7.27 per cent higher in Dollar terms (5.68 per cent higher in Rupee terms) than the level of US $ 24201.83 million (Rs. 151583.34 crore) during November, 2013. Cumulative value of exports for the period April-November 2014-15 was US $ 215756.04 million (Rs. 1305792.96 crore) as against US $ 205436.81 million (Rs. 1231786.75 crore) registering a growth of 5.02  per cent in Dollar terms and growth of 6.01 per cent in Rupee terms over the same period last year.

IMPORTS

Imports during November, 2014 were valued at US $ 42821.63 million (Rs. 264227.44 crore) representing a growth of 26.79 per cent in Dollar terms and  a growth of 24.91 per cent in Rupee terms  over the level of imports valued at US $ 33772.92 million (Rs. 211529.90 crore) in November, 2013. Cumulative value of imports for the period April-November 2014-15 was US $ 316373.14 million (Rs. 1915697.85 crore) as against US $ 302327.26 million (Rs. 1801892.93 crore) registering a  growth of 4.65 per cent in Dollar terms and growth of 6.32 per cent in Rupee terms over the same period last year.

CRUDE OIL AND NON-OIL IMPORTS

Oil imports during November, 2014 were valued at US $ 11716.0 million which was 9.7  per cent lower than oil imports valued at US $  12979.0 million in the corresponding period last year. Oil imports during April-November, 2014-15 were valued at US $ 106557.9 million which was 1.6 per cent lower than the oil imports of US $ 108285.1 million in the corresponding period last year.

Non-oil imports during November, 2014 were estimated at US $ 31105.6 million which was 49.6 per cent higher than non-oil imports of US $ 20793.9 million in November, 2013. Non-oil imports during April-November, 2014-15 were valued at US $ 209815.2 million which was 8.1 per cent higher than the level of such imports valued at US $ 194042.2 million in April-November, 2013-14

TRADE BALANCE

The trade deficit for April-November, 2014-15 was estimated at US $ 100617.10 million which was higher than the deficit of US $ 96890.45 million during April-November, 2013-14. 

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

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

A.   EXPORTS (Receipts)

Exports during October, 2014 were valued at US $ 12146 Million (Rs. 74505.99 Crore).

B.   IMPORTS (Payments)

Imports during October, 2014 were valued at US $ 5942 Million (Rs. 36449.42 Crore).

C.   TRADE BALANCE

The trade balance in Services (i.e. net exports of Services) for October, 2014 was estimated at US $ 6204 Million.

EXPORTS & IMPORTS  (MERCHANDISE): (US $ Million)
(PROVISIONAL)
	NOVEMBER	APRIL-NOVEMBER
EXPORTS(including re-exports)
2013-14	24201.83	205436.81
2014-15	25960.57	215756.04
%Growth2014-15/ 2013-14	7.27	5.02
IMPORTS
2013-14	33772.92	302327.26
2014-15	42821.63	316373.14
%Growth 2014-15/ 2013-14	26.79	4.65
TRADE BALANCE
2013-14	-9571.09	-96890.45
2014-15	-16861.06	-100617.10
EXPORTS & IMPORTS   (MERCHANDISE): (Rs. Crore)
(PROVISIONAL)	NOVEMBER	APRIL-NOVEMBER
EXPORTS(including re-exports)
2013-14	151583.34	1231786.75
2014-15	160187.60	1305792.96
%Growth 2014-15/ 2013-14	5.68	6.01
IMPORTS
2013-14	211529.90	1801892.93
2014-15	264227.44	1915697.85
%Growth 2014-15/ 2013-14	24.91	6.32
TRADE BALANCE
2013-14	-59946.56	-570106.18
2014-15	-104039.84	-609904.89

 

EXPORTS & IMPORTS (SERVICES) : (US $ Million)
(PROVISIONAL)
	October 2014-15
EXPORTS (Receipts)	12146.00
IMPORTS (Payments)	5942.00
TRADE BALANCE	6204.00
EXPORTS & IMPORTS (SERVICES): (Rs. Crore)
(PROVISIONAL)	October 2014-15
EXPORTS (Receipts)	74505.99
IMPORTS (Payments)	36449.42
TRADE BALANCE	38056.58
Source: RBI Press Release dated 15th December 2014

For quick estimates for selected major commodities for November 2014, click here.

Trade deficit widened as merchandise imports outpaced export growth, while oil imports fell and non oil imports rose. Merchandise exports in November 2014 rose year-on-year in dollar and rupee terms, while imports grew significantly for the month and modestly cumulatively, producing a larger April-November trade deficit. Oil imports fell year-on-year for the month and cumulatively, whereas non-oil imports increased sharply in November and grew cumulatively; services trade in October 2014 showed a surplus with exports exceeding payments.