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I. MERCHANDISE TRADE
EXPORTS (including re-exports)
Exports during April 2018 were valued at US $ 25.91 Billion as compared to US $ 24.64 Billion during April 2017 exhibiting a positive growth of 5.17 per cent. In Rupee terms, exports were valued at ₹ 170052.96 crore in April 2018 as compared to ₹ 158913.79 crore during April 2017, registering a positive growth of 7.01 per cent.
During April 2018, major commodity groups of export showing positive growth over the corresponding month of last year are
Non-petroleum and Non Gems & Jewellery exports in April 2018 were valued at US $ 19.80 Billion as against US $ 17.72 Billion in April 2017, an increase of 11.73%.
IMPORTS
Imports during April 2018 were valued at US $ 39.63 Billion (Rs 260084.67 crore) which was 4.60 per cent higher in Dollar terms and 6.43 per cent higher in Rupee terms over the level of imports valued at US $ 37.88 Billion (Rs. 244380.52 crore) in April 2017.
Major commodity groups of import showing high growth in April 2018 over the corresponding month of last year are:
CRUDE OIL AND NON-OIL IMPORTS:
Oil imports during April 2018 were valued at US $ 10.41 Billion which was 41.49 percent higher than oil imports valued at US $ 7.36 Billion in April 2017. In this connection it is mentioned that the global Brent prices ($/bbl) have increased by 35.20 % in April 2018 vis-à-vis April 2017 as per World Bank commodity price data (The pink sheet).
Non-oil imports during April 2018 were estimated at US $ 29.21 Billion which was 4.30 per cent lower than non-oil imports of US $ 30.53 Billion in April 2017.
II. TRADE IN SERVICES (for March, 2018, as per the RBI Press Release dated 15th May 2018)
EXPORTS (Receipts)
Exports during March 2018 were valued at US $ 16.83 Billion (Rs. 109456.91 Crore) registering a positive growth of 7.16 per cent in dollar terms as compared to negative growth of 3.84 per cent during February 2018 (as per RBI’s Press Release for the respective months).
IMPORTS (Payments)
Imports during March 2018 were valued at US $ 10.28 Billion (Rs. 66841.93 Crore) registering a positive growth of 1.35 per cent in dollar terms as compared to positive growth of 3.01 per cent during February 2018 (as per RBI’s Press Release for the respective months).
III.TRADE BALANCE
MERCHANDISE: The trade deficit for April 2018 was estimated at US $ 13.72 Billion as against the deficit of US $ 13.25 Billion during April 2017.
SERVICES: As per RBI’s Press Release dated 15th May 2018, the trade balance in Services (i.e. net export of Services) for March, 2018 was estimated at US $ 6.55 Billion.
OVERALL TRADE BALANCE: Taking merchandise and services together, overall trade deficit for April-March 2017-18 is estimated at US $ 80.61 Billion as compared to US $ 41.79 Billion during April-March 2016-17. (Services data for Apr-Mar 2017-18 is arrived by adding Quarterly data of RBI on BOP basis for 3 quarters (Apr-Dec 2017) & the QE data of Jan, Feb & Mar 2018 therefore it is provisional)
MERCHANDISE TRADE
EXPORTS & IMPORTS: (US $ Billion) | |
(PROVISIONAL) |
|
| APRIL |
EXPORTS (including re-exports) |
|
2017-18 | 24.64 |
2018-19 | 25.91 |
%Growth 2018-19/ 2017-18 | 5.17 |
IMPORTS (including re-imports) |
|
2017-18 | 37.88 |
2018-19 | 39.63 |
%Growth 2018-19/ 2017-18 | 4.60 |
TRADE BALANCE |
|
2017-18 | -13.25 |
2018-19 | -13.72 |
|
|
EXPORTS & IMPORTS: (Rs. Crore) | |
(PROVISIONAL) | |
| APRIL |
EXPORTS (including re-exports) |
|
2017-18 | 158913.79 |
2018-19 | 170052.96 |
%Growth 2018-19/ 2017-18 | 7.01 |
IMPORTS (including re-imports) |
|
2017-18 | 244380.52 |
2018-19 | 260084.67 |
%Growth 2018-19/ 2017-18 | 6.43 |
TRADE BALANCE |
|
2017-18 | -85466.73 |
2018-19 | -90031.71 |
SERVICES TRADE
EXPORTS & IMPORTS (SERVICES) : (US $ Billion) | |
(Provisional) | March 2018 |
EXPORTS (Receipts) | 16.83 |
IMPORTS (Payments) | 10.28 |
TRADE BALANCE | 6.55 |
EXPORTS & IMPORTS (SERVICES): (Rs. Crore) | |
(Provisional) | March 2018 |
EXPORTS (Receipts) | 109456.91 |
IMPORTS (Payments) | 66841.93 |
TRADE BALANCE | 42614.98 |
Source: RBI Press Release dated 15th May, 2018 | |
QUICK ESTIMATES FOR SELECTED MAJOR COMMODITIES FOR APRIL 2018
TRADE: EXPORT
Sl. No. | Commodities | (Values in Rs. crores) | % change | |
APR'17 | APR'18 | APR'18 | ||
1 | Tea | 320.88 | 326.89 | 1.87 |
2 | Coffee | 596.17 | 550.57 | -7.65 |
3 | Rice | 3661.78 | 4224.93 | 15.38 |
4 | Other cereals | 83.30 | 201.92 | 142.40 |
5 | Tobacco | 536.07 | 454.86 | -15.15 |
6 | Spices | 1765.42 | 1833.05 | 3.83 |
7 | Cashew | 494.94 | 295.93 | -40.21 |
8 | Oil Meals | 547.08 | 527.73 | -3.54 |
9 | Oil seeds | 648.06 | 615.20 | -5.07 |
10 | Fruits & Vegetables | 1409.58 | 1389.71 | -1.41 |
11 | Cereal preparations & miscellaneous processed items | 714.21 | 796.77 | 11.56 |
12 | Marine Products | 3129.77 | 3301.96 | 5.50 |
13 | Meat, dairy & poultry products | 1933.95 | 2264.18 | 17.08 |
14 | Iron Ore | 1100.21 | 564.44 | -48.70 |
15 | Mica, Coal & Other Ores, Minerals including processed minerals | 2118.49 | 2236.13 | 5.55 |
16 | Leather & leather products | 2600.99 | 2562.73 | -1.47 |
17 | Ceramic products & glassware | 1095.70 | 1209.90 | 10.42 |
18 | Gems & Jewellery | 25616.92 | 21646.47 | -15.50 |
19 | Drugs & Pharmaceuticals | 8339.81 | 9636.16 | 15.54 |
20 | Organic & Inorganic Chemicals | 8354.90 | 11772.70 | 40.91 |
21 | Engineering Goods | 39425.90 | 47186.80 | 19.68 |
22 | Electronic Goods | 3294.73 | 3672.99 | 11.48 |
23 | Cotton Yarn/Fabs./made-ups, Handloom Products etc. | 4999.98 | 5884.30 | 17.69 |
24 | Man-made Yarn/Fabs./made-ups etc. | 2629.22 | 2743.64 | 4.35 |
25 | RMG of all Textiles | 11272.24 | 8859.67 | -21.40 |
26 | Jute Mfg. including Floor Covering | 166.50 | 146.23 | -12.17 |
27 | Carpet | 771.13 | 729.69 | -5.37 |
28 | Handicrafts excl. handmade carpet | 959.99 | 908.78 | -5.33 |
29 | Petroleum Products | 18997.58 | 18463.36 | -2.81 |
30 | Plastic & Linoleum | 3340.08 | 4419.07 | 32.30 |
| Sub-Total | 150925.58 | 159426.76 | 5.63 |
| GRAND TOTAL | 158913.79 | 170052.96 | 7.01 |
Note: The figures for APRIL'18 and APRIL'17 are provisional and subject to change
QUICK ESTIMATES FOR SELECTED MAJOR COMMODITIES FOR APRIL 2018
TRADE: EXPORT
Sl. No. | Commodities | (Values in Million USD) | % change | |
APR'17 | APR'18 | APR'18 | ||
1 | Tea | 49.74 | 49.80 | 0.12 |
2 | Coffee | 92.42 | 83.88 | -9.24 |
3 | Rice | 567.66 | 643.69 | 13.39 |
4 | Other cereals | 12.91 | 30.76 | 138.26 |
5 | Tobacco | 83.10 | 69.30 | -16.61 |
6 | Spices | 273.68 | 279.27 | 2.04 |
7 | Cashew | 76.73 | 45.09 | -41.24 |
8 | Oil Meals | 84.81 | 80.40 | -5.20 |
9 | Oil seeds | 100.46 | 93.73 | -6.70 |
10 | Fruits & Vegetables | 218.52 | 211.73 | -3.11 |
11 | Cereal preparations & miscellaneous processed items | 110.72 | 121.39 | 9.64 |
12 | Marine Products | 485.18 | 503.07 | 3.69 |
13 | Meat, dairy & poultry products | 299.80 | 344.96 | 15.06 |
14 | Iron Ore | 170.56 | 86.00 | -49.58 |
15 | Mica, Coal & Other Ores, Minerals including processed minerals | 328.41 | 340.68 | 3.74 |
16 | Leather & leather products | 403.21 | 390.44 | -3.17 |
17 | Ceramic products & glassware | 169.86 | 184.33 | 8.52 |
18 | Gems & Jewellery | 3971.18 | 3297.94 | -16.95 |
19 | Drugs & Pharmaceuticals | 1292.85 | 1468.11 | 13.56 |
20 | Organic & Inorganic Chemicals | 1295.19 | 1793.63 | 38.48 |
21 | Engineering Goods | 6111.87 | 7189.13 | 17.63 |
22 | Electronic Goods | 510.75 | 559.60 | 9.56 |
23 | Cotton Yarn/Fabs./made-ups, Handloom Products etc. | 775.11 | 896.50 | 15.66 |
24 | Man-made Yarn/Fabs./made-ups etc. | 407.59 | 418.01 | 2.56 |
25 | RMG of all Textiles | 1747.44 | 1349.81 | -22.76 |
26 | Jute Mfg. including Floor Covering | 25.81 | 22.28 | -13.68 |
27 | Carpet | 119.54 | 111.17 | -7.00 |
28 | Handicrafts excl. handmade carpet | 148.82 | 138.46 | -6.96 |
29 | Petroleum Products | 2945.04 | 2812.98 | -4.48 |
30 | Plastic & Linoleum | 517.78 | 673.27 | 30.03 |
| Sub-Total | 23396.74 | 24289.41 | 3.82 |
| GRAND TOTAL | 24635.09 | 25908.37 | 5.17 |
Note 1: Exports include Re-Exports.
Note 2: The figures for APRIL'18 and APRIL'17 are provisional and subject to change
QUICK ESTIMATES FOR SELECTED MAJOR COMMODITIES FOR APRIL 2018
TRADE: IMPORT
Sl. No. | Commodities | (Values in Rs. crores) | % change | |
APR'17 | APR'18 | APR'18 | ||
1 | Cotton Raw & Waste | 384.76 | 532.17 | 38.31 |
2 | Vegetable Oil | 6584.96 | 6027.44 | -8.47 |
3 | Pulses | 1867.12 | 289.51 | -84.49 |
4 | Fruits & vegetables | 1284.80 | 1066.44 | -17.00 |
5 | Pulp and Waste paper | 653.82 | 537.71 | -17.76 |
6 | Textile yarn Fabric, made-up articles | 979.88 | 826.74 | -15.63 |
7 | Fertilisers, Crude & manufactured | 1992.14 | 2704.55 | 35.76 |
8 | Sulphur & Unroasted Iron Pyrites | 45.22 | 117.80 | 160.50 |
9 | Metalliferous ores & other minerals | 3838.58 | 6160.10 | 60.48 |
10 | Coal, Coke & Briquettes, etc. | 12031.44 | 14742.71 | 22.53 |
11 | Petroleum, Crude & products | 47472.50 | 68344.24 | 43.97 |
12 | Wood & Wood products | 3013.94 | 3270.28 | 8.51 |
13 | Leather & leather products | 512.00 | 495.79 | -3.17 |
14 | Organic & Inorganic Chemicals | 10900.70 | 13127.60 | 20.43 |
15 | Dyeing/tanning/colouring materials. | 1595.30 | 1569.49 | -1.62 |
16 | Artificial resins, plastic materials, etc. | 8270.59 | 8240.90 | -0.36 |
17 | Chemical material & products | 3188.96 | 3832.68 | 20.19 |
18 | Newsprint | 396.30 | 442.58 | 11.68 |
19 | Pearls, precious & Semi-precious stones | 23773.44 | 15376.84 | -35.32 |
20 | Iron & Steel | 6507.40 | 8506.23 | 30.72 |
21 | Non-ferrous metals | 6405.10 | 7526.70 | 17.51 |
22 | Machine tools | 1962.70 | 2198.84 | 12.03 |
23 | Machinery, electrical & non-electrical | 17137.39 | 19025.66 | 11.02 |
24 | Transport equipment | 7654.18 | 10372.46 | 35.51 |
25 | Project goods | 1300.59 | 1329.09 | 2.19 |
26 | Professional instrument, Optical goods, etc. | 2401.88 | 2587.36 | 7.72 |
27 | Electronic goods | 28618.78 | 27263.57 | -4.74 |
28 | Medicinal & Pharmaceutical products | 2678.01 | 3207.14 | 19.76 |
29 | Gold | 24855.20 | 16930.91 | -31.88 |
30 | Silver | 2276.11 | 3161.44 | 38.90 |
| Sub-Total | 230583.79 | 249814.97 | 8.34 |
| GRAND TOTAL | 244380.52 | 260084.67 | 6.43 |
Note: The figures for APRIL'18 and APRIL'17 are provisional and subject to change
QUICK ESTIMATES FOR SELECTED MAJOR COMMODITIES FOR APRIL 2018
TRADE: IMPORT
Sl. No. | Commodities | (Values in Million USD) | % change | |
APR'17 | APR'18 | APR'18 | ||
1 | Cotton Raw & Waste | 59.65 | 81.08 | 35.93 |
2 | Vegetable Oil | 1020.81 | 918.31 | -10.04 |
3 | Pulses | 289.44 | 44.11 | -84.76 |
4 | Fruits & vegetables | 199.17 | 162.48 | -18.42 |
5 | Pulp and Waste paper | 101.36 | 81.92 | -19.18 |
6 | Textile yarn Fabric, made-up articles | 151.90 | 125.96 | -17.08 |
7 | Fertilisers, Crude & manufactured | 308.82 | 412.05 | 33.43 |
8 | Sulphur & Unroasted Iron Pyrites | 7.01 | 17.95 | 156.06 |
9 | Metalliferous ores & other minerals | 595.06 | 938.52 | 57.72 |
10 | Coal, Coke & Briquettes, etc. | 1865.13 | 2246.12 | 20.43 |
11 | Petroleum, Crude & products | 7359.27 | 10412.57 | 41.49 |
12 | Wood & Wood products | 467.23 | 498.24 | 6.64 |
13 | Leather & leather products | 79.37 | 75.54 | -4.83 |
14 | Organic & Inorganic Chemicals | 1689.84 | 2000.05 | 18.36 |
15 | Dyeing/tanning/colouring materials. | 247.31 | 239.12 | -3.31 |
16 | Artificial resins, plastic materials, etc. | 1282.12 | 1255.54 | -2.07 |
17 | Chemical material & products | 494.36 | 583.93 | 18.12 |
18 | Newsprint | 61.44 | 67.43 | 9.75 |
19 | Pearls, precious & Semi-precious stones | 3685.40 | 2342.73 | -36.43 |
20 | Iron & Steel | 1008.79 | 1295.96 | 28.47 |
21 | Non-ferrous metals | 992.93 | 1146.73 | 15.49 |
22 | Machine tools | 304.26 | 335.00 | 10.10 |
23 | Machinery, electrical & non-electrical | 2656.67 | 2898.65 | 9.11 |
24 | Transport equipment | 1186.56 | 1580.29 | 33.18 |
25 | Project goods | 201.62 | 202.49 | 0.43 |
26 | Professional instrument, Optical goods, etc. | 372.34 | 394.20 | 5.87 |
27 | Electronic goods | 4436.53 | 4153.73 | -6.37 |
28 | Medicinal & Pharmaceutical products | 415.15 | 488.62 | 17.70 |
29 | Gold | 3853.10 | 2579.50 | -33.05 |
30 | Silver | 352.85 | 481.66 | 36.51 |
| Sub-Total | 35745.49 | 38060.48 | 6.48 |
| GRAND TOTAL | 37884.28 | 39625.13 | 4.60 |
Note 1: Imports include Re-Imports.
Note 2: The figures for APRIL'18 and APRIL'17 are provisional and subject to change.
Trade balance widens as merchandise deficit and services surplus combine to raise the provisional overall deficit. Merchandise trade for April 2018 showed year on year increases in exports and imports in both dollar and rupee terms, with non petroleum/non gems & jewellery exports rising and oil imports expanding sharply due to higher global Brent prices; commodity level quick estimates highlight sectoral gains and declines. Services receipts and payments for March 2018 were positive in dollar terms, producing a services surplus. Combining merchandise and services yields a larger provisional overall trade deficit for April-March 2017-18, with all figures and commodity estimates labelled provisional and sourced to RBI and official releases. of Press 'Enter' after typing page number.
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