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Ministry of Commerce & Industry
Posted On: 15 JAN 2019 5:51PM by PIB Delhi
India’s overall exports (Merchandise and Services combined) in April-December 2018-19* are estimated to be USD 396.73Billion, exhibiting a positive growth of 13.79per cent over the same period last year. Overall imports in April-December2018-19* are estimated to be USD 479.46Billion, exhibiting a positive growth of 14.63per cent over the same period last year.
*Note: Services data pertains to April-November 2018-19 as November 2018 is the latest data available as per RBI’s Press Release dated 15th January 2019. It is arrived at by adding Month-wise QE dataof RBI’s press release for April to November 2018-19. This data is provisional and subject to revision by RBI. In addition, it may be noted that data for December 2018 is estimated and added to the April-November 2018-19 data of RBI to calculate the Overall Trade Deficit for April-December 2018-19. It will be revised based on RBI’s next press release for December 2018.
I. MERCHANDISE TRADE
EXPORTS (including re-exports)
Exports inDecember 2018 were US $ 27.93 Billion, as compared to US $ 27.83 Billion in December 2017, exhibiting a positive growth of 0.34per cent. In Rupee terms, exports were ₹ 1,97,535.86 Crore in December 2018, as compared to ₹ 1,78,802.77 Crore in December 2017, registering a positive growth of 10.48 per cent.
In December 2018, major commodity groups of export showing positive growth over the corresponding month of last year are
Cumulative value of exports for the period April-December 2018-19 was US $ 245.44 Billion (Rs.17,11,905.60 Crore) as against US $ 222.77 Billion (Rs.14,36,614.25 Crore) during the period April-December 2017-18, registering a positive growth of 10.18 per cent in Dollar terms (19.16 per cent in Rupee terms).
Non-petroleum and Non Gems and Jewellery exports in December 2018 were US $ 21.11 Billion, as compared to US $ 20.88 Billion in December 2017, exhibiting a positive growth of 1.08 per cent. Non-petroleum and Non Gems and Jewellery exports in April-December 2018-19 were US $ 177.66 Billion, as compared to US $ 164.66 Billion for the corresponding period in 2017-18, an increase of 7.90 per cent.
IMPORTS
Imports in December 2018 were US $ 41.01 Billion (Rs. 2,90,032.95 Crore), which was 2.44 per cent lower in Dollar terms and 7.41 per cent higher in Rupee terms over imports of US $ 42.03 Billion (Rs.2,70,015.44Crore) in December 2017. Cumulative value of imports for the period April-December 2018-19 was US $ 386.65 Billion (Rs.26,97,306.82 Crore), as against US $ 343.34 Billion (Rs.22,14,370.92 Crore) during the period April-December 2017-18, registering a positive growth of 12.61 per cent in Dollar terms (21.81 per cent in Rupee terms).
Major commodity groups of import showing high growth in December 2018 over the corresponding month of last year are:
CRUDE OIL AND NON-OIL IMPORTS:
Oil imports inDecember 2018 were US $ 10.67 Billion (Rs. 75,486.52 Crore), which was 3.16 percent higher in Dollar terms (13.58 percent higher in Rupee terms), compared to US $ 10.35 Billion (Rs. 66,458.79 Crore) in December 2017. Oil imports in April-December 2018-19 were US $ 108.10 Billion (Rs. 7,55,255.78 Crore) which was 42.85 per cent higher in Dollar terms (54.73 percent higher in Rupee terms) compared to US $ 75.67 Billion (Rs. 4,88,125.91 Crore), over the same period last year.
In this connection it is mentioned that the global Brent price ($/bbl) has decreased by 12.07 % in December 2018 vis-à-vis December 2017 as per data available from World Bank (Pink Sheet).
Non-oil imports inDecember 2018 were estimated at US $ 30.33 Billion (Rs.2,14,546.43 Crore) which was 4.27 per cent lower in Dollar terms (5.40percent higher in Rupee terms), compared to US $ 31.69Billion (Rs. 2,03,556.65 Crore) in December 2017. Non-oil imports in April-December 2018-19 were US $ 278.54 Billion (Rs.19,42,051.04 Crore) which was 4.06per cent higher in Dollar terms (12.50percent higher in Rupee terms), compared to US $ 267.66 Billion (Rs. 17,26,245.01 Crore) in April-December2017-18.
Non-Oil and Non-Gold imports were US $ 27.76 billion in December 2018, recording a negative growth of 1.86per cent, as compared to Non-Oil and Non-Gold imports in December 2017. Non-Oil and Non-Gold imports were US $ 253.89 billion in April-December 2018-19, recording a positive growth of 5.32per cent, as compared to Non-Oil and Non-Gold imports in April-December 2017-18.
II. TRADE IN SERVICES (for November, 2018, as per the RBI Press Release dated 15th January 2019)
EXPORTS (Receipts)
Exports inNovember2018 were US $ 16.68Billion (Rs.1,19,831.25 Crore) registering a negative growth of 0.82per cent in dollar terms, vis-à-vis October 2018. (as per RBI’s Press Release for the respective months).
IMPORTS (Payments)
Imports inNovember2018 were US $ 10.11Billion (Rs.72,637.41Crore) registering a positive growth of 0.10per cent in dollar terms,vis-à-vis October 2018. (as per RBI’s Press Release for the respective months).
III.TRADE BALANCE
MERCHANDISE: The trade deficit for December 2018 was estimated at US $ 13.08Billion as against the deficit of US $ 14.20Billion inDecember 2017.
SERVICES: As per RBI’s Press Release dated 15th January 2019, the trade balance in Services (i.e. Net Services export) for November, 2018 is estimated at US $ 6.57Billion.
OVERALL TRADE BALANCE: Taking merchandise and services together, overall trade deficit for April-December 2018-19* is estimated at US $ 82.72Billion as compared to US $ 69.63Billion in April-December 2017-18.
*Note: Services data pertains to April-November 2018-19 as November 2018 is the latest data available as per RBI’s Press Release dated 15th January 2019. It is arrived at by adding Month-wise QE dataof RBI’s press release for April to November 2018-19. This data is provisional and subject to revision by RBI. In addition, it may be noted that data for December 2018 is estimated and added to the April-November 2018-19 data of RBI to calculate the Overall Trade Deficit for April-December 2018-19. It will be revised based on RBI’s next press release for December 2018.
…
MERCHANDISE TRADE
| EXPORTS & IMPORTS: (US $ Billion) | ||
| (PROVISIONAL) | ||
|
| DECEMBER | APRIL-DECEMBER |
| EXPORTS (including re-exports) |
|
|
| 2017-18 | 27.83 | 222.77 |
| 2018-19 | 27.93 | 245.44 |
| %Growth 2018-19/ 2017-18 | 0.34 | 10.18 |
| IMPORTS |
|
|
| 2017-18 | 42.03 | 343.34 |
| 2018-19 | 41.01 | 386.65 |
| %Growth 2018-19/ 2017-18 | -2.44 | 12.61 |
| TRADE BALANCE |
|
|
| 2017-18 | -14.20 | -120.57 |
| 2018-19 | -13.08 | -141.20 |
| EXPORTS & IMPORTS: (Rs. Crore) | ||
| (PROVISIONAL) | ||
|
| DECEMBER | APRIL- DECEMBER |
| EXPORTS(including re-exports) |
|
|
| 2017-18 | 178802.77 | 1436614.25 |
| 2018-19 | 197535.86 | 1711905.60 |
| %Growth 2018-19/ 2017-18 | 10.48 | 19.16 |
| IMPORTS |
|
|
| 2017-18 | 270015.44 | 2214370.92 |
| 2018-19 | 290032.95 | 2697306.82 |
| %Growth 2018-19/ 2017-18 | 7.41 | 21.81 |
| TRADE BALANCE |
|
|
| 2017-18 | -91212.68 | -777756.67 |
| 2018-19 | -92497.09 | -985401.22 |
SERVICES TRADE
| EXPORTS & IMPORTS (SERVICES) : (US $ Billion) | ||
| (Provisional) | NOVEMBER 2018 | APRIL-NOVEMBER 2018-19 |
| EXPORTS (Receipts) | 16.68 | 134.56 |
| IMPORTS (Payments) | 10.11 | 82.78 |
| TRADE BALANCE | 6.57 | 51.78 |
| EXPORTS & IMPORTS (SERVICES): (Rs. Crore) | ||
| (Provisional) | NOVEMBER 2018 | APRIL-NOVEMBER 2018-19 |
| EXPORTS (Receipts) | 1,19,831.25 | 9,36,338.94 |
| IMPORTS (Payments) | 72,637.41 | 5,75,771.15 |
| TRADE BALANCE | 47,193.84 | 3,60,567.79 |
Note: Services data pertains to April-November 2018-19 as November 2018 is the latest data available as per RBI’s Press Release dated 15thJanuary 2019. April-November 2018-19 data is arrived at by adding Month-wise QE data. This has been used along with the estimate of service exports and imports for December 2018, as explained in page-1 for the purpose of this Press note.
QUICK ESTIMATES FOR SELECTED MAJOR COMMODITIES FOR DECEMBER 2018
TRADE: EXPORT
| Sl. No. | Commodities | (Values in Rs. crores) | % change | |
| DEC'17 | DEC'18 | DEC'18 | ||
| 1 | Tea | 584.82 | 572.82 | -2.05 |
| 2 | Coffee | 486.79 | 346.55 | -28.81 |
| 3 | Rice | 4089.11 | 4562.55 | 11.58 |
| 4 | Other cereals | 106.37 | 170.75 | 60.53 |
| 5 | Tobacco | 543.08 | 630.83 | 16.16 |
| 6 | Spices | 1780.06 | 1874.50 | 5.31 |
| 7 | Cashew | 535.06 | 506.48 | -5.34 |
| 8 | Oil Meals | 914.87 | 1367.62 | 49.49 |
| 9 | Oil seeds | 918.11 | 737.86 | -19.63 |
| 10 | Fruits & Vegetables | 1342.91 | 1285.90 | -4.25 |
| 11 | Cereal preparations & miscellaneous processed items | 850.43 | 904.81 | 6.39 |
| 12 | Marine Products | 4214.13 | 4294.81 | 1.91 |
| 13 | Meat, dairy & poultry products | 3251.48 | 2698.63 | -17.00 |
| 14 | Iron Ore | 926.95 | 862.12 | -6.99 |
| 15 | Mica, Coal & Other Ores, Minerals including processed minerals | 2097.52 | 2479.73 | 18.22 |
| 16 | Leather & leather products | 3032.97 | 3092.13 | 1.95 |
| 17 | Ceramic products & glassware | 1229.89 | 1940.30 | 57.76 |
| 18 | Gems &Jewellery | 20761.83 | 18467.15 | -11.05 |
| 19 | Drugs & Pharmaceuticals | 10735.12 | 11739.70 | 9.36 |
| 20 | Organic & Inorganic Chemicals | 12229.06 | 14205.07 | 16.16 |
| 21 | Engineering Goods | 47493.47 | 50658.38 | 6.66 |
| 22 | Electronic Goods | 3555.42 | 5903.51 | 66.04 |
| 23 | Cotton Yarn/Fabs./made-ups, Handloom Products etc. | 6055.88 | 6301.07 | 4.05 |
| 24 | Man-made Yarn/Fabs./made-ups etc. | 2682.88 | 2915.40 | 8.67 |
| 25 | RMG of all Textiles | 8590.47 | 9720.59 | 13.16 |
| 26 | Jute Mfg. including Floor Covering | 200.83 | 217.57 | 8.33 |
| 27 | Carpet | 807.08 | 944.11 | 16.98 |
| 28 | Handicrafts excl. handmade carpet | 946.49 | 1071.00 | 13.15 |
| 29 | Petroleum Products | 23883.91 | 29762.08 | 24.61 |
| 30 | Plastic & Linoleum | 4035.19 | 5339.28 | 32.32 |
|
| Sub Total | 168882.19 | 185573.30 | 9.88 |
|
| GRAND TOTAL | 178802.77 | 197535.86 | 10.48 |
Note 1: Grand total is inclusive of component ‘Other’.
Note 2: The figures for DECEMBER'18 and DECEMBER'17 are provisional and subject to change
QUICK ESTIMATES FOR SELECTED MAJOR COMMODITIES FOR DECEMBER 2018
TRADE: EXPORT
| Sl. No. | Commodities | (Values in Million USD) | % change | |
| DEC'17 | DEC'18 | DEC'18 | ||
| 1 | Tea | 91.03 | 80.99 | -11.03 |
| 2 | Coffee | 75.77 | 49.00 | -35.33 |
| 3 | Rice | 636.51 | 645.06 | 1.34 |
| 4 | Other cereals | 16.56 | 24.14 | 45.77 |
| 5 | Tobacco | 84.54 | 89.19 | 5.50 |
| 6 | Spices | 277.09 | 265.02 | -4.36 |
| 7 | Cashew | 83.29 | 71.61 | -14.02 |
| 8 | Oil Meals | 142.41 | 193.35 | 35.77 |
| 9 | Oil seeds | 142.91 | 104.32 | -27.00 |
| 10 | Fruits & Vegetables | 209.04 | 181.80 | -13.03 |
| 11 | Cereal preparations & miscellaneous processed items | 132.38 | 127.92 | -3.37 |
| 12 | Marine Products | 655.97 | 607.20 | -7.43 |
| 13 | Meat, dairy & poultry products | 506.13 | 381.53 | -24.62 |
| 14 | Iron Ore | 144.29 | 121.89 | -15.52 |
| 15 | Mica, Coal & Other Ores, Minerals including processed minerals | 326.50 | 350.59 | 7.38 |
| 16 | Leather & leather products | 472.11 | 437.17 | -7.40 |
| 17 | Ceramic products & glassware | 191.44 | 274.32 | 43.29 |
| 18 | Gems &Jewellery | 3231.80 | 2610.90 | -19.21 |
| 19 | Drugs & Pharmaceuticals | 1671.04 | 1659.76 | -0.68 |
| 20 | Organic & Inorganic Chemicals | 1903.58 | 2008.32 | 5.50 |
| 21 | Engineering Goods | 7392.87 | 7162.11 | -3.12 |
| 22 | Electronic Goods | 553.44 | 834.64 | 50.81 |
| 23 | Cotton Yarn/Fabs./made-ups, Handloom Products etc. | 942.66 | 890.85 | -5.50 |
| 24 | Man-made Yarn/Fabs./made-ups etc. | 417.62 | 412.18 | -1.30 |
| 25 | RMG of all Textiles | 1337.20 | 1374.30 | 2.77 |
| 26 | Jute Mfg. including Floor Covering | 31.26 | 30.76 | -1.60 |
| 27 | Carpet | 125.63 | 133.48 | 6.25 |
| 28 | Handicrafts excl. hand made carpet | 147.33 | 151.42 | 2.78 |
| 29 | Petroleum Products | 3717.79 | 4207.78 | 13.18 |
| 30 | Plastic & Linoleum | 628.12 | 754.87 | 20.18 |
|
| Sub Total | 26288.31 | 26236.47 | -0.20 |
|
| GRAND TOTAL | 27832.56 | 27927.72 | 0.34 |
Note 1: Exports include Re-Exports.
Note 2: The figures for DECEMBER'18 and DECEMBER'17 are provisional and subject to change
Note 3: Grand total is inclusive of component ‘Other’.
QUICK ESTIMATES FOR SELECTED MAJOR COMMODITIES FOR DECEMBER 2018
TRADE: IMPORT
| Sl. No. | Commodities | (Values in Rs. crores) | % change | |
| DEC'17 | DEC'18 | DEC'18 | ||
| 1 | Cotton Raw & Waste | 158.51 | 181.16 | 14.29 |
| 2 | Vegetable Oil | 5432.96 | 5103.64 | -6.06 |
| 3 | Pulses | 1357.44 | 976.37 | -28.07 |
| 4 | Fruits & vegetables | 1329.03 | 1309.25 | -1.49 |
| 5 | Pulp and Waste paper | 616.16 | 744.19 | 20.78 |
| 6 | Textile yarn Fabric, made-up articles | 1061.83 | 1094.10 | 3.04 |
| 7 | Fertilisers, Crude & manufactured | 2642.42 | 5234.35 | 98.09 |
| 8 | Sulphur & Unroasted Iron Pyrites | 143.43 | 123.39 | -13.97 |
| 9 | Metalliferous ores & other minerals | 4992.61 | 5069.53 | 1.54 |
| 10 | Coal, Coke & Briquettes, etc. | 13046.12 | 15999.90 | 22.64 |
| 11 | Petroleum, Crude & products | 66458.79 | 75486.52 | 13.58 |
| 12 | Wood & Wood products | 3164.15 | 3517.68 | 11.17 |
| 13 | Leather & leather products | 548.25 | 597.03 | 8.90 |
| 14 | Organic & Inorganic Chemicals | 11218.48 | 12688.04 | 13.10 |
| 15 | Dyeing/tanning/colouringmtrls. | 1604.94 | 1725.01 | 7.48 |
| 16 | Artificial resins, plastic materials, etc. | 7363.96 | 8546.31 | 16.06 |
| 17 | Chemical material & products | 4057.29 | 4665.07 | 14.98 |
| 18 | Newsprint | 357.80 | 620.22 | 73.34 |
| 19 | Pearls, precious & Semi-precious stones | 22564.50 | 17868.44 | -20.81 |
| 20 | Iron & Steel | 7935.85 | 10101.62 | 27.29 |
| 21 | Non-ferrous metals | 7097.44 | 8806.02 | 24.07 |
| 22 | Machine tools | 2081.96 | 2878.08 | 38.24 |
| 23 | Machinery, electrical & non-electrical | 18264.22 | 21793.83 | 19.33 |
| 24 | Transport equipment | 14271.50 | 13405.75 | -6.07 |
| 25 | Project goods | 1222.74 | 2041.82 | 66.99 |
| 26 | Professional instrument, Optical goods, etc. | 2765.41 | 3385.60 | 22.43 |
| 27 | Electronic goods | 30022.72 | 30062.49 | 0.13 |
| 28 | Medicinal. & Pharmaceutical products | 3496.63 | 3797.87 | 8.62 |
| 29 | Gold | 21805.66 | 18165.99 | -16.69 |
| 30 | Silver | 1267.33 | 2078.42 | 64.00 |
|
| Sub Total | 258350.13 | 278067.69 | 7.63 |
|
| GRAND TOTAL | 270015.44 | 290032.95 | 7.41 |
Note 1: Grand total is inclusive of component ‘Other’.
Note 2: The figures for DECEMBER'18 and DECEMBER'17 are provisional and subject to change
QUICK ESTIMATES FOR SELECTED MAJOR COMMODITIES FOR DECEMBER 2018
TRADE: IMPORT
| Sl. No. | Commodities | (Values in Million USD) | % change | ||
| DEC'17 | DEC'18 | DEC'18 | |||
| 1 | Cotton Raw & Waste | 24.67 | 25.61 | 3.81 |
|
| 2 | Vegetable Oil | 845.70 | 721.56 | -14.68 |
|
| 3 | Pulses | 211.30 | 138.04 | -34.67 |
|
| 4 | Fruits & vegetables | 206.88 | 185.10 | -10.53 |
|
| 5 | Pulp and Waste paper | 95.91 | 105.21 | 9.70 |
|
| 6 | Textile yarn Fabric, made-up articles | 165.28 | 154.68 | -6.41 |
|
| 7 | Fertilisers, Crude & manufactured | 411.32 | 740.04 | 79.92 |
|
| 8 | Sulphur & Unroasted Iron Pyrites | 22.33 | 17.44 | -21.90 |
|
| 9 | Metalliferous ores & other minerals | 777.15 | 716.73 | -7.77 |
|
| 10 | Coal, Coke & Briquettes, etc. | 2030.77 | 2262.07 | 11.39 |
|
| 11 | Petroleum, Crude & products | 10345.02 | 10672.32 | 3.16 |
|
| 12 | Wood & Wood products | 492.53 | 497.33 | 0.97 |
|
| 13 | Leather & leather products | 85.34 | 84.41 | -1.09 |
|
| 14 | Organic & Inorganic Chemicals | 1746.28 | 1793.84 | 2.72 |
|
| 15 | Dyeing/tanning/colouringmtrls. | 249.83 | 243.88 | -2.38 |
|
| 16 | Artificial resins, plastic materials, etc. | 1146.28 | 1208.28 | 5.41 |
|
| 17 | Chemical material & products | 631.56 | 659.55 | 4.43 |
|
| 18 | Newsprint | 55.69 | 87.69 | 57.46 |
|
| 19 | Pearls, precious & Semi-precious stones | 3512.41 | 2526.25 | -28.08 |
|
| 20 | Iron & Steel | 1235.30 | 1428.17 | 15.61 |
|
| 21 | Non-ferrous metals | 1104.79 | 1245.00 | 12.69 |
|
| 22 | Machine tools | 324.08 | 406.90 | 25.56 |
|
| 23 | Machinery, electrical & non-electrical | 2843.02 | 3081.22 | 8.38 |
|
| 24 | Transport equipment | 2221.51 | 1895.31 | -14.68 |
|
| 25 | Project goods | 190.33 | 288.67 | 51.67 |
|
| 26 | Professional instrument, Optical goods, etc. | 430.47 | 478.66 | 11.19 |
|
| 27 | Electronic goods | 4673.36 | 4250.25 | -9.05 |
|
| 28 | Medicinal. & Pharmaceutical products | 544.29 | 536.94 | -1.35 |
|
| 29 | Gold | 3394.28 | 2568.32 | -24.33 |
|
| 30 | Silver | 197.27 | 293.85 | 48.96 |
|
|
| Sub Total | 40214.95 | 39313.32 | -2.24 |
|
|
| GRAND TOTAL | 42030.79 | 41005.01 | -2.44 |
|
Note 1: Imports include Re-Imports.
Note 2: The figures for DECEMBER'18 and DECEMBER'17 are provisional and subject to change.
Note 3: Grand total is inclusive of component ‘Other’.
***
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