Press Information Bureau

Government of India

Ministry of Commerce & Industry

15-September-2015 17:51 IST

A. EXPORTS (including re-exports)

Exports during August, 2015 were valued at US $21266.31 million (Rs.138384.74 crore) which was 20.66 per cent lower in Dollar terms (15.22 per cent lower in Rupee terms) than the level of US $26803.48 million (Rs.163220.33 crore) during August, 2014.Cumulative value of exports for the period April-August 2015-16 was US $111094.47 million (Rs 708933.92 crore) as against US $132529.64 million (Rs 796013.40 crore) registering a negative growth of 16.17 per cent in Dollar terms and 10.94 per cent in Rupee terms over the same period last year.

B. IMPORTS

Imports during August, 2015 were valued at US $33744.28 million (Rs. 219581.77 crore) which was 9.95 per cent lower in Dollar terms and 3.77 per cent lower in Rupee terms  over the level of imports valued at US $37472.78 million (Rs. 228191.26 crore) in August, 2014. Cumulative value of imports for the period April-August 2015-16  was US $168610.56 million (Rs 1076178.14 crore) as against US $190747.68 million (Rs 1145604.44 crore) registering a negative growth of 11.61 per cent in Dollar terms and 6.06 per cent in Rupee terms over the same period last year.

C. CRUDE OIL AND NON-OIL IMPORTS:      

Oil imports during August, 2015 were valued at US $7357.47 million which was 42.59 per cent lower than oil imports valued at US $12814.77 million in the corresponding period last year. Oil imports during April-August, 2015-16 were valued at US $41502.37 million which was 38.79 per cent lower than the oil imports of US $67805.81 million in the corresponding period last year. 

Non-oil imports during August, 2015 were estimated at US $26386.81 million which was 7.01 per cent higher than non-oil imports of US $24658.01 million in August, 2014. Non-oil imports during April-August, 2015-16 were valued at US $127108.19 million which was 3.39 per cent higher than the level of such imports valued at US $122941.87 million in April-August, 2014-15.

D. TRADE BALANCE

The trade deficit for April-August, 2015-16 was estimated at US $57516.09 million which was lower than the deficit of US $58218.04 million during April-August, 2014-15.

EXPORTS & IMPORTS  : (US $ Million)
(PROVISIONAL)
	AUGUST	APRIL-AUGUST
EXPORTS(including re-exports)
2014-15	26803.48	132529.64
2015-16	21266.31	111094.47
%Growth2015-16/ 2014-15	-20.66	-16.17
IMPORTS
2014-15	37472.78	190747.68
2015-16	33744.28	168610.56
%Growth2015-16/ 2014-15	-9.95	-11.61
TRADE BALANCE
2014-15	-10669.30	-58218.04
2015-16	-12477.97	-57516.09
EXPORTS & IMPORTS  : (Rs. Crore)
(PROVISIONAL)
	AUGUST	APRIL-AUGUST
EXPORTS(including re-exports)
2014-15	163220.33	796013.40
2015-16	138384.74	708933.92
%Growth2015-16/ 2014-15	-15.22	-10.94
IMPORTS
2014-15	228191.26	1145604.44
2015-16	219581.77	1076178.14
%Growth2015-16/ 2014-15	-3.77	-6.06
TRADE BALANCE
2014-15	-64970.93	-349591.04
2015-16	-81197.03	-367244.22

 

INDIA’S FOREIGN TRADE (SERVICES): July, 2015

 

(As per the RBI Press Release dated 15^th September, 2015)

A.    EXPORTS (Receipts)

Exports during July, 2015 were valued at US $ 13386 Million (Rs. 85181.81 Crore).

B.     IMPORTS (Payments)

Imports during July, 2015 were valued at US $ 7502 Million (Rs. 47738.98 Crore).

C.    TRADE BALANCE

The trade balance in Services (i.e. net export of Services) for July, 2015 was estimated at US $ 5884 Million.

EXPORTS & IMPORTS (SERVICES) : (US $ Million)
(PROVISIONAL)
	July 2015-16
EXPORTS (Receipts)	13386.00
IMPORTS (Payments)	7502.00
TRADE BALANCE	5884.00
EXPORTS & IMPORTS (SERVICES): (Rs. Crore)
(PROVISIONAL)	July 2015-16
EXPORTS (Receipts)	85181.81
IMPORTS (Payments)	47738.98
TRADE BALANCE	37442.83
Source: RBI Press Release dated 15th September 2015

Trade Balance narrowed as merchandise exports and imports declined year-on-year, driven by lower oil imports. Merchandise exports and cumulative April-August exports contracted year on year in August 2015, with provisional dollar and rupee values and percentage declines presented; imports also fell but by smaller percentages. Crude oil imports showed substantial year on year reductions while non oil imports rose modestly; the bulletin provides corresponding provisional trade balance figures. Separately, services trade for July 2015 reports provisional receipts, payments and a positive services trade balance in both US dollars and rupees.