A.  EXPORTS (including re-exports)

Exports during October, 2015 were valued at US$ 21352.79 million (Rs. 138916.98 crore) which was 17.53 per cent lower in Dollar terms (12.53 per cent lower in Rupee terms) than the level of US$ 25891.39 million (Rs. 158822.95 crore) during October, 2014. Cumulative value of exports for the period April-October 2015-16 was US$ 154292.24 million (Rs. 992503.57 crore) as against US$ 187288.74 million (Rs. 1130539.38 crore) registering a negative growth of 17.62 per cent in Dollar terms and 12.21 per cent in Rupee terms over the same period last year.

B.  IMPORTS

Imports during October, 2015 were valued at US$ 31120.06 million (Rs. 202460.88 crore) which was 21.15 per cent lower in Dollar terms and 16.38 per cent lower in Rupee terms  over the level of imports valued at US$ 39468.76 million (Rs. 242109.24 crore) in October, 2014. Cumulative value of imports for the period April-October 2015-16  was US$ 232054.30 million (Rs. 1492679.30 crore) as against US$ 273558.19 million (Rs. 1651512.80 crore) registering a negative growth of 15.17 per cent in Dollar terms and 9.62 per cent in Rupee terms over the same period last year.

C.  CRUDE OIL AND NON-OIL IMPORTS:      

Oil imports during October, 2015 were valued at US$ 6846.11 million which was 45.31 per cent lower than oil imports valued at US$ 12517.24 million in the corresponding period last year. Oil imports during April-October, 2015-16 were valued at US$ 54975.07 million which was 42.07 per cent lower than the oil imports of US$ 94896.22 million in the corresponding period last year. 

Non-oil imports during October, 2015 were estimated at US$ 24273.95 million which was 9.93 per cent lower than non-oil imports of US$ 26951.52 million in October, 2014. Non-oil imports during April-October, 2015-16 were valued at US$ 177079.23 million which was 0.89 per cent lower than the level of such imports valued at US$ 178661.97 million in April-October, 2014-15.

D. TRADE BALANCE

The trade deficit for April-October, 2015-16 was estimated at US$ 77762.06 million which was lower than the deficit of US$ 86269.45 million during April-October, 2014-15.

EXPORTS & IMPORTS  : (US $ Million)
(PROVISIONAL)
	OCTOBER	APRIL-OCTOBER
EXPORTS(including re-exports)
2014-15	25891.39	187288.74
2015-16	21352.79	154292.24
%Growth2015-16/ 2014-15	-17.53	-17.62
IMPORTS
2014-15	39468.76	273558.19
2015-16	31120.06	232054.30
%Growth2015-16/ 2014-15	-21.15	-15.17
TRADE BALANCE
2014-15	-13577.37	-86269.45
2015-16	-9767.27	-77762.06
EXPORTS & IMPORTS  : (Rs. Crore)
(PROVISIONAL)
	OCTOBER	APRIL-OCTOBER
EXPORTS(including re-exports)
2014-15	158822.95	1130539.38
2015-16	138916.98	992503.57
%Growth2015-16/ 2014-15	-12.53	-12.21
IMPORTS
2014-15	242109.24	1651512.80
2015-16	202460.88	1492679.30
%Growth2015-16/ 2014-15	-16.38	-9.62
TRADE BALANCE
2014-15	-83286.29	-520973.42
2015-16	-63543.90	-500175.73

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

(As per the RBI Press Release dated 16^th November, 2015)

A.    EXPORTS (Receipts)

Exports during September, 2015 were valued at US$ 13321 Million (Rs. 88208.73 Crore).

B.     IMPORTS (Payments)

Imports during September, 2015 were valued at US$ 7457 Million (Rs. 49378.61 Crore).

C.    TRADE BALANCE

The trade balance in Services (i.e. net export of Services) for September, 2015 was estimated at US$ 5864 Million.

EXPORTS & IMPORTS (SERVICES) : (US $ Million)
(PROVISIONAL)
	September 2015-16
EXPORTS (Receipts)	13321.00
IMPORTS (Payments)	7457.00
TRADE BALANCE	5864.00
EXPORTS & IMPORTS (SERVICES): (Rs. Crore)
(PROVISIONAL)	September 2015-16
EXPORTS (Receipts)	88208.73
IMPORTS (Payments)	49378.61
TRADE BALANCE	38830.12
Source: RBI Press Release dated 16th November 2015

Trade deficit narrows as merchandise exports and imports fall, driven by reduced oil imports and services surplus. Merchandise trade contracted in October 2015 and for April-October 2015-16 with exports declining and imports falling by a larger proportion, resulting in a narrower trade deficit year on year. Oil imports contributed substantially to the import decline, while non oil imports showed only marginal year to date change. Services trade for September 2015 showed a net export position with receipts exceeding payments.