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I. MERCHANDISE TRADE
EXPORTS (including re-exports)
Exports during February 2018 have exhibited positive growth of 4.48 per cent in dollar terms vis-à-vis February2017. Exports have been on a positive trajectory since August 2016 to February 2018except for a temporary setback in October 2017.
Exports during February 2018were valued at US$ 25834.36million as compared to US$ 24726.71 million during February 2017. In Rupee terms, exports were valued at ₹ 166305.72 crore as compared to ₹ 165855.64 crore during February 2017, registering a riseof 0.27 per cent.
During February 2018, major commodity groups of export showing positive growth over the corresponding month of last year are Petroleum Products (27.44%), Organic & Inorganic Chemicals (30.41%), Drugs & Pharmaceuticals (13.92%), Rice (21.29%) & Electronic Goods (29.71%).
Cumulative value of exports for the period April-February 2017-18 was US$273730.91 million (Rs1762897.63 crore) as against US $246550.17 million (Rs1656399.85 crore) registering a positive growth of 11.02per cent in Dollar terms and 6.43per cent in Rupee terms over the same period last year.
Non-petroleum and Non Gems & Jewellery exports in February 2018 were valued at US$ 18792.79 million as against US$ 18176.00 million in February 2017, an increase of 3.39%. Non-petroleum and Non Gems and Jewellery exports during April-February 2017-18 were valued at US$ 200030.96 million as compared to US$ 179457.88 million for the corresponding period in 2016-17, an increase of 11.46%.
IMPORTS
Imports during February 2018 were valued at US$ 37813.57 million (Rs243420.48 crore) which was 10.41 per cent higher in Dollar terms and 5.96 per cent higher in Rupee terms over the level of imports valued at US$ 34248.44 million (Rs. 229723.10 crore) in February 2017. Cumulative value of imports for the period April-February 2017-18 was US$ 416865.64 million (Rs. 2684600.75 crore) as against US$ 344408.90 million (Rs. 2314510.09 crore) registering a positive growth of 21.04per cent in Dollar terms and 15.99per cent in Rupee terms over the same period last year.
Major commodity groups of import showing high growth in February 2018 over the corresponding month of last year are Petroleum, Crude & products (32.05%), Electronic goods (18.95%), Machinery, electrical & non-electrical (23.04%), Pearls, precious & Semi-precious stones (15.86%) and Coal, Coke & Briquettes, etc. (17.73%).
CRUDE OIL AND NON-OIL IMPORTS:
Oil imports during February 2018 were valued at US$ 10194.33million which was 32.05percent higher than oil imports valued at US$ 7719.84 million in February 2017.Oil imports during April-February 2017-18 were valued at US$ 98002.25 million which was 26.92per cent higher than the oil imports of US$ 77213.52 million in the corresponding period last year.
In this connection it is mentioned that the global Brent prices ($/bbl) have increased by 17.90% in February 2018 vis-à-vis February 2017 as per World Bank commodity price data (The pink sheet).
Non-oil imports during February 2018 were estimated at US$ 27619.24 million which was 4.11per cent higher than non-oil imports of US$ 26528.60 million in February 2017.Non-oil imports during April-February 2017-18 were valued at US$ 318863.39 million which was 19.34per cent higher than the level of such imports valued at US$ 267195.38 million in April-February, 2016-17.
II. TRADE IN SERVICES (for January, 2018, as per the RBI Press Release dated 15th March 2018)
EXPORTS (Receipts)
Exports during January2018 were valued at US$ 16,337 million (Rs. 103963.60Crore) registering apositive growth of 2.07per cent in dollar terms as compared to positive growth of 3.98per cent during December2017 (as per RBI’s Press Release for the respective months).
IMPORTS (Payments)
Imports during January2018 were valued at US$ 9,847 million (Rs. 62663.25 Crore) registering a negativegrowth of 0.12 per cent in dollar terms as compared topositive growth of 2.20per cent during December2017 (as per RBI’s Press Release for the respective months).
III.TRADE BALANCE
MERCHANDISE: The trade deficit for February 2018 was estimated at US$ 11979.21millionas against the deficit of US$ 9521.73million during February 2017.
SERVICES: As per RBI’s Press Release dated 15th March 2018, the trade balance in Services (i.e. net export of Services) for January,2018 was estimated at US$ 6,490 million.
OVERALL TRADE BALANCE:Taking merchandise and services together, overall trade deficit for April-February 2017-18 is estimated at US$ 85704.73million as compared to US$ 44381.73million during April-February2016-17. (Services data pertains to April-January2017-18 as January2018 is the latest data available as per RBI’s Press Release dated 15th March2018)
MERCHANDISE TRADE
EXPORTS & IMPORTS: (US $ Million) | ||
(PROVISIONAL) | ||
| FEBRUARY | APRIL-FEBRUARY |
EXPORTS (including re-exports) |
|
|
2016-17 | 24726.71 | 246550.17 |
2017-18 | 25834.36 | 273730.91 |
%Growth 2017-18/ 2016-17 | 4.48 | 11.02 |
IMPORTS |
|
|
2016-17 | 34248.44 | 344408.90 |
2017-18 | 37813.57 | 416865.64 |
%Growth 2017-18/ 2016-17 | 10.41 | 21.04 |
TRADE BALANCE |
|
|
2016-17 | -9521.73 | -97858.73 |
2017-18 | -11979.21 | -143134.73 |
EXPORTS & IMPORTS: (Rs. Crore) | ||
(PROVISIONAL) | ||
| FEBRUARY | APRIL-FEBRUARY |
EXPORTS(including re-exports) |
|
|
2016-17 | 165855.64 | 1656399.85 |
2017-18 | 166305.72 | 1762897.63 |
%Growth 2017-18/ 2016-17 | 0.27 | 6.43 |
IMPORTS |
|
|
2016-17 | 229723.10 | 2314510.09 |
2017-18 | 243420.48 | 2684600.75 |
%Growth 2017-18/ 2016-17 | 5.96 | 15.99 |
TRADE BALANCE |
|
|
2016-17 | -63867.46 | -658110.25 |
2017-18 | -77114.76 | -921703.13 |
SERVICES TRADE
EXPORTS & IMPORTS (SERVICES) : (US $ Million) | |
(Provisional) | January 2018 |
EXPORTS (Receipts) | 16337 |
IMPORTS (Payments) | 9847 |
TRADE BALANCE | 6490 |
EXPORTS & IMPORTS (SERVICES): (Rs. Crore) | |
(Provisional) | January 2018 |
EXPORTS (Receipts) | 103963.60 |
IMPORTS (Payments) | 62663.25 |
TRADE BALANCE | 41300.35 |
Source: RBI Press Release dated 15th March, 2018 | |
QUICK ESTIMATES FOR SELECTED MAJOR COMMODITIES FOR FEBRUARY 2018
TRADE: EXPORT
Sl. No. | Commodities | (Values in Rs. crores) | % change | |
FEB'17 | FEB'18 | FEB'18 | ||
1 | Tea | 384.91 | 401.06 | 4.20 |
2 | Coffee | 496.93 | 527.11 | 6.07 |
3 | Rice | 3784.01 | 4404.79 | 16.41 |
4 | Other cereals | 101.80 | 174.36 | 71.28 |
5 | Tobacco | 673.51 | 532.96 | -20.87 |
6 | Spices | 1623.81 | 1707.89 | 5.18 |
7 | Cashew | 412.13 | 383.82 | -6.87 |
8 | Oil Meals | 738.06 | 528.49 | -28.39 |
9 | Oil seeds | 894.43 | 556.06 | -37.83 |
10 | Fruits & Vegetables | 1694.21 | 1715.92 | 1.28 |
11 | Cereal preparations & miscellaneous processed items | 638.57 | 798.49 | 25.04 |
12 | Marine Products | 2729.82 | 2964.90 | 8.61 |
13 | Meat, dairy & poultry products | 2598.01 | 1779.71 | -31.50 |
14 | Iron Ore | 1321.19 | 809.34 | -38.74 |
15 | Mica, Coal & Other Ores, Minerals including processed minerals | 2330.53 | 2139.05 | -8.22 |
16 | Leather & leather products | 2745.33 | 2727.81 | -0.64 |
17 | Ceramic products & glassware | 971.61 | 1233.61 | 26.96 |
18 | Gems &Jewellery | 26905.03 | 24494.89 | -8.96 |
19 | Drugs & Pharmaceuticals | 8170.61 | 8932.82 | 9.33 |
20 | Organic & Inorganic Chemicals | 8570.08 | 10725.89 | 25.16 |
21 | Engineering Goods | 44769.23 | 42160.11 | -5.83 |
22 | Electronic Goods | 3112.28 | 3874.27 | 24.48 |
23 | Cotton Yarn/Fabs./made-ups, Handloom Products etc. | 5761.52 | 5515.04 | -4.28 |
24 | Man-made Yarn/Fabs./made-ups etc. | 2590.45 | 2559.98 | -1.18 |
25 | RMG of all Textiles | 10767.74 | 9275.08 | -13.86 |
26 | Jute Mfg. including Floor Covering | 155.71 | 165.57 | 6.33 |
27 | Carpet | 897.65 | 735.63 | -18.05 |
28 | Handicrafts excl. handmade carpet | 996.66 | 1000.57 | 0.39 |
29 | Petroleum Products | 17034.13 | 20834.36 | 22.31 |
30 | Plastic & Linoleum | 3316.88 | 3798.45 | 14.52 |
| Sub-Total | 157186.82 | 157458.01 | 0.17 |
| GRAND TOTAL | 165855.64 | 166305.72 | 0.27 |
Note: The figures for FEBRUARY'18 and FEBRUARY'17 are provisional and subject to change
QUICK ESTIMATES FOR SELECTED MAJOR COMMODITIES FOR FEBRUARY 2018
TRADE: EXPORT
Sl. No. | Commodities | (Values in Million USD) | % change | |
FEB'17 | FEB'18 | FEB'18 | ||
1 | Tea | 57.38 | 62.30 | 8.57 |
2 | Coffee | 74.08 | 81.88 | 10.53 |
3 | Rice | 564.14 | 684.25 | 21.29 |
4 | Other cereals | 15.18 | 27.09 | 78.46 |
5 | Tobacco | 100.41 | 82.79 | -17.55 |
6 | Spices | 242.09 | 265.31 | 9.59 |
7 | Cashew | 61.44 | 59.62 | -2.96 |
8 | Oil Meals | 110.03 | 82.10 | -25.38 |
9 | Oil seeds | 133.35 | 86.38 | -35.22 |
10 | Fruits & Vegetables | 252.58 | 266.56 | 5.53 |
11 | Cereal preparations & miscellaneous processed items | 95.20 | 124.04 | 30.29 |
12 | Marine Products | 406.98 | 460.57 | 13.17 |
13 | Meat, dairy & poultry products | 387.33 | 276.46 | -28.62 |
14 | Iron Ore | 196.97 | 125.73 | -36.17 |
15 | Mica, Coal & Other Ores, Minerals including processed minerals | 347.45 | 332.29 | -4.36 |
16 | Leather & leather products | 409.29 | 423.74 | 3.53 |
17 | Ceramic products & glassware | 144.85 | 191.63 | 32.30 |
18 | Gems &Jewellery | 4011.16 | 3805.10 | -5.14 |
19 | Drugs & Pharmaceuticals | 1218.12 | 1387.65 | 13.92 |
20 | Organic & Inorganic Chemicals | 1277.68 | 1666.19 | 30.41 |
21 | Engineering Goods | 6674.45 | 6549.27 | -1.88 |
22 | Electronic Goods | 464.00 | 601.84 | 29.71 |
23 | Cotton Yarn/Fabs./made-ups, Handloom Products etc. | 858.96 | 856.72 | -0.26 |
24 | Man-made Yarn/Fabs./made-ups etc. | 386.20 | 397.67 | 2.97 |
25 | RMG of all Textiles | 1605.32 | 1440.82 | -10.25 |
26 | Jute Mfg. including Floor Covering | 23.21 | 25.72 | 10.81 |
27 | Carpet | 133.83 | 114.27 | -14.62 |
28 | Handicrafts excl. handmade carpet | 148.59 | 155.43 | 4.60 |
29 | Petroleum Products | 2539.55 | 3236.47 | 27.44 |
30 | Plastic & Linoleum | 494.50 | 590.06 | 19.32 |
| Sub-Total | 23434.32 | 24459.95 | 4.38 |
| GRAND TOTAL | 24726.71 | 25834.36 | 4.48 |
Note: The figures for FEBRUARY'18 and FEBRUARY'17 are provisional and subject to change
QUICK ESTIMATES FOR SELECTED MAJOR COMMODITIES FOR FEBRUARY 2018
TRADE: IMPORT
Sl. No. | Commodities | (Values in Rs. crores) | % change | |
FEB'17 | FEB'18 | FEB'18 | ||
1 | Cotton Raw & Waste | 213.25 | 277.40 | 30.08 |
2 | Vegetable Oil | 6320.38 | 5359.15 | -15.21 |
3 | Pulses | 2869.72 | 398.32 | -86.12 |
4 | Fruits & vegetables | 1034.25 | 1065.15 | 2.99 |
5 | Pulp and Waste paper | 444.82 | 585.08 | 31.53 |
6 | Textile yarn Fabric, made-up articles | 729.94 | 987.21 | 35.25 |
7 | Fertilisers, Crude & manufactured | 1128.21 | 1430.51 | 26.79 |
8 | Sulphur & Unroasted Iron Pyrites | 43.35 | 122.00 | 181.43 |
9 | Metalliferous ores & other minerals | 4761.16 | 4857.77 | 2.03 |
10 | Coal, Coke & Briquettes, etc. | 11015.45 | 12446.23 | 12.99 |
11 | Petroleum, Crude & products | 51781.21 | 65624.81 | 26.73 |
12 | Wood & Wood products | 2388.90 | 2952.94 | 23.61 |
13 | Leather & leather products | 496.66 | 591.84 | 19.16 |
14 | Organic & Inorganic Chemicals | 9501.32 | 11299.82 | 18.93 |
15 | Dyeing/tanning/colouring materials. | 1340.49 | 1451.54 | 8.28 |
16 | Artificial resins, plastic materials, etc. | 6024.97 | 7612.06 | 26.34 |
17 | Chemical material & products | 3036.85 | 3502.96 | 15.35 |
18 | Newsprint | 457.03 | 295.44 | -35.36 |
19 | Pearls, precious & Semi-precious stones | 15010.06 | 16689.72 | 11.19 |
20 | Iron & Steel | 6340.36 | 7386.42 | 16.50 |
21 | Non-ferrous metals | 5165.11 | 6577.93 | 27.35 |
22 | Machine tools | 1521.87 | 2139.92 | 40.61 |
23 | Machinery, electrical & non-electrical | 15684.92 | 18521.14 | 18.08 |
24 | Transport equipment | 16661.26 | 8141.66 | -51.13 |
25 | Project goods | 890.04 | 1518.39 | 70.60 |
26 | Professional instrument, Optical goods, etc. | 2038.15 | 2344.13 | 15.01 |
27 | Electronic goods | 22725.50 | 25942.92 | 14.16 |
28 | Medicinal & Pharmaceutical products | 2458.03 | 2910.47 | 18.41 |
29 | Gold | 23342.87 | 18613.25 | -20.26 |
30 | Silver | 992.50 | 1949.21 | 96.39 |
| Sub-Total | 216418.63 | 233595.39 | 7.94 |
| GRAND TOTAL | 229723.10 | 243420.48 | 5.96 |
Note: The figures for FEBRUARY'18 and FEBRUARY'17 are provisional and subject to change
QUICK ESTIMATES FOR SELECTED MAJOR COMMODITIES FOR FEBRUARY 2018
TRADE: IMPORT
Sl. No. | Commodities | (Values in Million USD) | % change | |
FEB'17 | FEB'18 | FEB'18 | ||
1 | Cotton Raw & Waste | 31.79 | 43.09 | 35.55 |
2 | Vegetable Oil | 942.28 | 832.50 | -11.65 |
3 | Pulses | 427.83 | 61.88 | -85.54 |
4 | Fruits & vegetables | 154.19 | 165.46 | 7.31 |
5 | Pulp and Waste paper | 66.32 | 90.89 | 37.05 |
6 | Textile yarn Fabric, made-up articles | 108.82 | 153.36 | 40.93 |
7 | Fertilisers, Crude & manufactured | 168.20 | 222.22 | 32.12 |
8 | Sulphur & Unroasted Iron Pyrites | 6.46 | 18.95 | 193.34 |
9 | Metalliferous ores & other minerals | 709.82 | 754.62 | 6.31 |
10 | Coal, Coke & Briquettes, etc. | 1642.25 | 1933.43 | 17.73 |
11 | Petroleum, Crude & products | 7719.84 | 10194.33 | 32.05 |
12 | Wood & Wood products | 356.15 | 458.72 | 28.80 |
13 | Leather & leather products | 74.04 | 91.94 | 24.18 |
14 | Organic & Inorganic Chemicals | 1416.51 | 1755.34 | 23.92 |
15 | Dyeing/tanning/colouring materials. | 199.85 | 225.49 | 12.83 |
16 | Artificial resins, plastic materials, etc. | 898.24 | 1182.48 | 31.64 |
17 | Chemical material & products | 452.75 | 544.16 | 20.19 |
18 | Newsprint | 68.14 | 45.89 | -32.65 |
19 | Pearls, precious & Semi-precious stones | 2237.79 | 2592.63 | 15.86 |
20 | Iron & Steel | 945.26 | 1147.43 | 21.39 |
21 | Non-ferrous metals | 770.04 | 1021.83 | 32.70 |
22 | Machine tools | 226.89 | 332.42 | 46.51 |
23 | Machinery, electrical & non-electrical | 2338.40 | 2877.12 | 23.04 |
24 | Transport equipment | 2483.96 | 1264.75 | -49.08 |
25 | Project goods | 132.69 | 235.87 | 77.76 |
26 | Professional instrument, Optical goods, etc. | 303.86 | 364.14 | 19.84 |
27 | Electronic goods | 3388.05 | 4030.04 | 18.95 |
28 | Medicinal & Pharmaceutical products | 366.46 | 452.12 | 23.37 |
29 | Gold | 3480.09 | 2891.43 | -16.92 |
30 | Silver | 147.97 | 302.80 | 104.64 |
| Sub-Total | 32264.94 | 36287.33 | 12.47 |
| GRAND TOTAL | 34248.44 | 37813.57 | 10.41 |
Note: The figures for FEBRUARY'18 and FEBRUARY'17 are provisional and subject to change.
Trade deficit widened as imports, led by oil and key commodities, outpaced exports despite sectoral export gains. February 2018 trade data show exports rose modestly in dollar terms with notable gains in petroleum products, chemicals, pharmaceuticals, rice and electronic goods, while imports grew more strongly-led by higher oil and a range of commodity groups-resulting in a widened merchandise trade deficit for the month and a larger cumulative deficit for April-February 2017-18; services recorded a surplus that partly offsets but does not eliminate the overall trade shortfall. of Press 'Enter' after typing page number.
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