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September 1, 2026
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Personal guarantor insolvency: repayment plan stayed pending majority determination, with restraint on direct or indirect asset alienation.
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September 1, 2026
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Personal insolvency repayment plan faces fresh hearing after a split bench prevents enforcement and restrains guarantor property transfers.
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September 1, 2026
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Income-tax return filing: non-audit business and professional taxpayers use applicable forms by prescribed due dates.
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Gold smuggling enforcement targets transit abuse, concealed carriage, and border routes through coordinated seizures and arrests nationwide.
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August 31, 2026
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Personal insolvency repayment plans: conflicting views on binding dissenting creditors prompted reconsideration through an expanded adjudicatory bench.
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Customs, DGFT & SEZ

India’s Foreign Trade: January 2018

February 15, 2018

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I. MERCHANDISE TRADE

EXPORTS (including re-exports)

Exports during January 2018 have exhibited positive growth of 9.07per cent in dollar terms vis-à-vis January 2017. Exports have been on a positive trajectory since August 2016 to January 2018 with a dip of 1.1 per cent in the month of October 2017.

Exports during January 2018valued at US$ 24383.97 million as compared to US$ 22356.32 million during January 2017. In Rupee terms, exports were valued at ₹ 155172.00crore as compared to ₹ 152202.70crore during January 2017, registering a riseof 1.95per cent.          

During January 2018, Major commodity groups of export showing positive growth over the corresponding month of last year areEngineering Goods (15.77%), Petroleum Products (39.5%), Gems & Jewellery (0.89%), Organic & Inorganic Chemicals (33.6%) and Drugs & Pharmaceuticals (8.6%).

Cumulative value of exports for the period April-January 2017-18 was US$247896.55 million (Rs1596591.91crore) as against US $221823.46million (Rs1490544.21 crore) registering a positive growth of 11.75 per cent in Dollar terms and 7.11 per cent in Rupee terms over the same period last year.

Non-petroleum and Non Gems & Jewellery exports in January 2018 were valued at US$ 17523.24 million as against US$ 16607.36 million in January 2017, an increase of 5.51%. Non-petroleum and Non Gems and Jewellery exports during April-January 2017-18 were valued at US$ 181238.18 million as compared to US$ 161281.88 million for the corresponding period in 2016-17, an increase of 12.37%.

IMPORTS

Imports during January 2018 were valued at US$ 40682.44 million (Rs258890.43 crore) which was 26.10 per cent higher in Dollar terms and 17.87 per cent higher in Rupee terms over the level of imports valued at US$ 32261.14 million (Rs. 219635.13 crore) in January 2017. Cumulative value of imports for the period April-January 2017-18 was US$ 379052.07million (Rs. 2441180.27 crore) as against US$ 310160.46 million (Rs. 2084786.99crore) registering a positive growth of 22.21 per cent in Dollar terms and 17.09per cent in Rupee terms over the same period last year.

Major commodity groups of import showing high growth in January 2018 over the corresponding month of last year are Petroleum, Crude & products (42.64%), Electronic goods (12.19%), Machinery, electrical & non-electrical (29.11%), Pearls, precious & Semi-precious stones (55.71%) and Coal, Coke & Briquettes, etc. (31.67%).

CRUDE OIL AND NON-OIL IMPORTS:

Oil imports during January 2018 were valued at US$ 11659.07million which was 42.64percent higher than oil imports valued at US$ 8173.96million in January 2017.Oil imports during April-January 2017-18 were valued at US$ 87807.92 million which was 26.35per cent higher than the oil imports of US$ 69493.68 million in the corresponding period last year.

In this connection it is mentioned that the global Brent prices ($/bbl) have increased by 25.69% in January 2018 vis-à-vis January 2017 as per World Bank commodity price data (The pink sheet).

Non-oil imports during January 2018 were estimated at US$ 29023.37 million which was 20.49 per cent higher than non-oil imports of US$ 24087.18 million in January 2017 Non-oil imports during April-January 2017-18 were valued at US$ 291244.15 million which was 21.02 per cent higher than the level of such imports valued at US$ 240666.78 million in April-January, 2016-17.

II. TRADE IN SERVICES (for December, 2017, as per the RBI Press Release dated 15th February 2018)

EXPORTS (Receipts)

Exports during December2017 were valued at US$ 16,005million (Rs. 102819.83Crore) registering apositive growth of 3.98per cent in dollar terms as compared to positive growth of 8.76per cent during November2017 (as per RBI’s Press Release for the respective months).

IMPORTS (Payments)

Imports during December2017 were valued at US$ 9,859million (Rs. 63336.50Crore) registering a positivegrowth of 2.20per cent in dollar terms as compared topositive growth of 10.89per cent during November2017 (as per RBI’s Press Release for the respective months).

III.TRADE BALANCE

MERCHANDISE: The trade deficit for January 2018 was estimated at US$ 16298.47millionas against the deficit of US$ 9904.82million during January 2017.

SERVICES: As per RBI’s Press Release dated 15th February 2018, the trade balance in Services (i.e. net export of Services) for December, 2017 was estimated at US$ 6,146million.

OVERALL TRADE BALANCE:Taking merchandise and services together, overall trade deficit for April-January 2017-18 is estimated at US$ 80215.52million as compared to US$ 40021.00million during April-January 2016-17. (Services data pertains to April-December2017-18 as December2017 is the latest data available as per RBI’s Press Release dated 15th February2018)

 

MERCHANDISE TRADE 

EXPORTS & IMPORTS: (US $ Million)

(PROVISIONAL)

 

JANUARY

APRIL-JANUARY

EXPORTS (including re-exports)

 

 

2016-17

22356.32

221823.46

2017-18

24383.97

247896.55

%Growth 2017-18/ 2016-17

9.07

11.75

IMPORTS

 

 

2016-17

32261.14

310160.46

2017-18

40682.44

379052.07

%Growth 2017-18/ 2016-17

26.10

22.21

TRADE BALANCE

 

 

2016-17

-9904.82

-88337.00

2017-18

-16298.47

-131155.52

EXPORTS & IMPORTS: (Rs. Crore)

(PROVISIONAL)

 

JANUARY

APRIL-JANUARY

EXPORTS(including re-exports)

 

 

2016-17

152202.70

1490544.21

2017-18

155172.00

1596591.91

%Growth 2017-18/ 2016-17

1.95

7.11

IMPORTS

 

 

2016-17

219635.13

2084786.99

2017-18

258890.43

2441180.27

%Growth 2017-18/ 2016-17

17.87

17.09

TRADE BALANCE

 

 

2016-17

-67432.43

-594242.78

2017-18

-103718.43

-844588.37

 

SERVICES TRADE 

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

(Provisional)

December 2017

EXPORTS (Receipts)

16005

IMPORTS (Payments)

9859

TRADE BALANCE

6146

EXPORTS & IMPORTS (SERVICES): (Rs. Crore)

(Provisional)

December 2017

EXPORTS (Receipts)

102819.83

IMPORTS (Payments)

63336.50

TRADE BALANCE

39483.33

Source: RBI Press Release dated 15th February, 2018

 

QUICK ESTIMATES FOR SELECTED MAJOR COMMODITIES FOR JANUARY 2018

TRADE: EXPORT

Sl. No.

Commodities

(Values in Rs. crores)

% change

JAN'17

JAN'18

JAN'18

1

Tea

426.85

448.93

5.17

2

Coffee

353.98

336.20

-5.02

3

Rice

3526.19

4211.61

19.44

4

Other cereals

166.74

89.77

-46.16

5

Tobacco

386.49

503.59

30.30

6

Spices

1480.06

1421.30

-3.97

7

Cashew

440.15

423.87

-3.70

8

Oil Meals

660.94

594.70

-10.02

9

Oil seeds

1053.55

537.14

-49.02

10

Fruits & Vegetables

1371.80

1426.61

4.00

11

Cereal preparations & miscellaneous processed items

623.98

701.71

12.46

12

Marine Products

2739.21

3012.14

9.96

13

Meat, dairy & poultry products

1863.36

1886.16

1.22

14

Iron Ore

1219.24

564.42

-53.71

15

Mica, Coal & Other Ores, Minerals including processed minerals

1867.09

2076.12

11.20

16

Leather & leather products

2830.84

2795.43

-1.25

17

Ceramic products & glassware

983.11

1054.39

7.25

18

Gems &Jewellery

20438.90

19274.96

-5.69

19

Drugs & Pharmaceuticals

8662.06

8793.40

1.52

20

Organic & Inorganic Chemicals

8216.87

10261.48

24.88

21

Engineering Goods

37437.27

40511.85

8.21

22

Electronic Goods

3168.90

2934.98

-7.38

23

Cotton Yarn/Fabs./made-ups, Handloom Products etc.

6354.71

5369.18

-15.51

24

Man-made Yarn/Fabs./made-ups etc.

2764.17

2564.23

-7.23

25

RMG of all Textiles

10372.82

8883.26

-14.36

26

Jute Mfg. including Floor Covering

186.09

180.45

-3.03

27

Carpet

808.27

708.26

-12.37

28

Handicrafts excl. handmade carpet

981.31

882.13

-10.11

29

Petroleum Products

18700.23

24384.55

30.40

30

Plastic & Linoleum

3172.23

3862.81

21.77

 

Sub-Total

143257.41

150695.63

5.19

 

GRAND   TOTAL

152202.70

155172.00

1.95

 Note: The figures for JANUARY'18 and JANUARY'17 are provisional and subject to change

QUICK ESTIMATES FOR SELECTED MAJOR COMMODITIES FOR JANUARY 2018

TRADE: EXPORT

Sl. No.

Commodities

(Values in Million USD)

% change

JAN'17

JAN'18

JAN'18

1

Tea

62.70

70.55

12.52

2

Coffee

51.99

52.83

1.62

3

Rice

517.94

661.82

27.78

4

Other cereals

24.49

14.11

-42.38

5

Tobacco

56.77

79.13

39.39

6

Spices

217.40

223.35

2.74

7

Cashew

64.65

66.61

3.03

8

Oil Meals

97.08

93.45

-3.74

9

Oil seeds

154.75

84.41

-45.45

10

Fruits & Vegetables

201.50

224.18

11.26

11

Cereal preparations & miscellaneous processed items

91.65

110.27

20.32

12

Marine Products

402.35

473.33

17.64

13

Meat, dairy & poultry products

273.70

296.39

8.29

14

Iron Ore

179.09

88.69

-50.48

15

Mica, Coal & Other Ores, Minerals including processed minerals

274.25

326.24

18.96

16

Leather & leather products

415.81

439.28

5.64

17

Ceramic products & glassware

144.40

165.69

14.74

18

Gems &Jewellery

3002.17

3028.90

0.89

19

Drugs & Pharmaceuticals

1272.33

1381.81

8.60

20

Organic & Inorganic Chemicals

1206.94

1612.50

33.60

21

Engineering Goods

5498.98

6366.09

15.77

22

Electronic Goods

465.46

461.21

-0.91

23

Cotton Yarn/Fabs./made-ups, Handloom Products etc.

933.41

843.72

-9.61

24

Man-made Yarn/Fabs./made-ups etc.

406.02

402.95

-0.76

25

RMG of all Textiles

1523.61

1395.93

-8.38

26

Jute Mfg. including Floor Covering

27.33

28.36

3.77

27

Carpet

118.72

111.30

-6.25

28

Handicrafts excl. handmade carpet

144.14

138.62

-3.83

29

Petroleum Products

2746.79

3831.83

39.50

30

Plastic & Linoleum

465.95

607.01

30.27

 

Sub-Total

21042.37

23680.56

12.54

 

GRAND   TOTAL

22356.32

24383.97

9.07

 Note: The figures for JANUARY'18 and JANUARY'17 are provisional and subject to change 

QUICK ESTIMATES FOR SELECTED MAJOR COMMODITIES FOR JANUARY 2018

TRADE: IMPORT

Sl. No.

Commodities

(Values in Rs. crores)

% change

JAN'17

JAN'18

JAN'18

1

Cotton Raw & Waste

231.41

198.69

-14.14

2

Vegetable Oil

5594.51

5907.47

5.59

3

Pulses

3175.59

755.96

-76.19

4

Fruits & vegetables

1084.78

1289.83

18.90

5

Pulp and Waste paper

611.57

525.87

-14.01

6

Textile yarn Fabric, made-up articles

806.97

960.13

18.98

7

Fertilisers, Crude & manufactured

1644.24

2819.37

71.47

8

Sulphur& Unroasted Iron Pyrites

74.57

119.29

59.97

9

Metalliferous ores & other minerals

4045.71

6491.49

60.45

10

Coal, Coke & Briquettes, etc.

11378.75

14004.63

23.08

11

Petroleum, Crude & products

55648.68

74194.72

33.33

12

Wood &  Wood products

2462.09

3141.65

27.60

13

Leather & leather products

479.62

532.55

11.04

14

Organic & Inorganic Chemicals

8234.72

11425.26

38.74

15

Dyeing/tanning/colouring materials.

1220.81

1754.62

43.73

16

Artificial resins, plastic materials, etc.

5863.28

7821.83

33.40

17

Chemical material & products

3059.23

4088.89

33.66

18

Newsprint

451.60

289.49

-35.90

19

Pearls, precious & Semi-precious stones

10518.84

15309.91

45.55

20

Iron & Steel

6825.42

8220.34

20.44

21

Non-ferrous metals

5446.24

7257.05

33.25

22

Machine tools

1660.37

2398.56

44.46

23

Machinery, electrical & non-electrical

15849.56

19128.31

20.69

24

Transport equipment

12749.27

12398.78

-2.75

25

Project goods

1190.97

873.33

-26.67

26

Professional instrument, Optical goods, etc.

2075.92

2325.11

12.00

27

Electronic goods

26555.36

27848.56

4.87

28

Medicinal & Pharmaceutical products

2767.31

3023.28

9.25

29

Gold

13890.79

10119.16

-27.15

30

Silver

1334.47

1650.92

23.71

 

Sub-Total

206932.65

246875.05

19.30

 

GRAND   TOTAL

219635.13

258890.43

17.87

 Note: The figures for JANUARY'18 and JANUARY'17 are provisional and subject to change

QUICK ESTIMATES FOR SELECTED MAJOR COMMODITIES FOR JANUARY 2018

TRADE: IMPORT 

Sl. No.

Commodities

(Values in Million USD)

% change

JAN'17

JAN'18

JAN'18

1

Cotton Raw & Waste

33.99

31.22

-8.15

2

Vegetable Oil

821.75

928.31

12.97

3

Pulses

466.45

118.79

-74.53

4

Fruits & vegetables

159.34

202.69

27.21

5

Pulp and Waste paper

89.83

82.64

-8.00

6

Textile yarn Fabric, made-up articles

118.53

150.88

27.29

7

Fertilisers, Crude & manufactured

241.51

443.04

83.45

8

Sulphur& Unroasted Iron Pyrites

10.95

18.75

71.23

9

Metalliferous ores & other minerals

594.26

1020.08

71.66

10

Coal, Coke & Briquettes, etc.

1671.37

2200.71

31.67

11

Petroleum, Crude & products

8173.96

11659.07

42.64

12

Wood &  Wood products

361.64

493.68

36.51

13

Leather & leather products

70.45

83.69

18.79

14

Organic & Inorganic Chemicals

1209.56

1795.38

48.43

15

Dyeing/tanning/colouring materials.

179.32

275.72

53.76

16

Artificial resins, plastic materials, etc.

861.23

1229.13

42.72

17

Chemical material & products

449.36

642.53

42.99

18

Newsprint

66.33

45.49

-31.42

19

Pearls, precious & Semi-precious stones

1545.06

2405.82

55.71

20

Iron & Steel

1002.55

1291.76

28.85

21

Non-ferrous metals

799.97

1140.38

42.55

22

Machine tools

243.88

376.91

54.55

23

Machinery, electrical & non-electrical

2328.06

3005.85

29.11

24

Transport equipment

1872.68

1948.36

4.04

25

Project goods

174.94

137.24

-21.55

26

Professional instrument, Optical goods, etc.

304.92

365.37

19.82

27

Electronic goods

3900.59

4376.17

12.19

28

Medicinal & Pharmaceutical products

406.48

475.08

16.88

29

Gold

2040.35

1590.14

-22.07

30

Silver

196.01

259.43

32.36

 

Sub-Total

30395.32

38794.31

27.63

 

GRAND   TOTAL

32261.14

40682.44

26.10

Note: The figures for JANUARY'18 and JANUARY'17 are provisional and subject to change.

Topics

Acts Income Tax