TaxTMI 
TaxTMI 
INDIA’S FOREIGN TRADE: September 2018
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....NDIA’S FOREIGN TRADE: September 2018 <br>News and Press Release<br>Dated:- 16-10-2018<br><BR>Ministry of Commerce & Industry Posted On: 15 OCT 2018 9:00 PM by PIB Delhi India's overall exports (Merchandise and Services combined) in April-September 2018-19* are estimated to be USD 265.39 Billion, exhibiting a positive growth of 17.38 per cent over the same period last year. Overall imports in April- September 2018-19* are estimated to be USD 321.40 Billion, exhibiting a positive growth of 19.41 per cent over the same period last year. Note: Services data pertains to April-August 2018-19 as August 2018 is the latest data available as per RBI's Press Release dated 15th October 2018. It is arrived at by adding Month-wise QE data of RBI's press release for April to August 2018-19. This data is provisional and subject to revision by RBI. In addition, it may be noted that data for September 2018 is estimated and added to the April-August 2018-19 data of RBI to calculate the Overall Trade Deficit for April-September 2018-19. It will be revised based on RBI's next press release for September 2018. I. MERCHANDISE TRADE EXPORTS (including re-exports) Exports in September 2018 were US ....
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....$ 27.95 Billion, as compared to US $ 28.57Billion in September 2017, exhibiting a negative growth of 2.15per cent. In Rupee terms, exports were ₹ 2,01,857.62Crore in September 2018, as compared to ₹ 1,84,088.94 Crore in September 2017, registering a positive growth of 9.65per cent. In September 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-September 2018-19 was US $ 164.04 Billion (Rs.11,25,305.44 Crore) as against US $ 145.75 Billion (Rs.9,38,307.83 Crore) during the period April-September 2017-18, registering a positive growth of 12.54per cent in Dollar terms (19.93per cent in Rupee terms). Non-petroleum and Non Gems and Jewellery exports in September 2018 were US $ 19.80 Billion, as compared to US $ 20.31 Billion in September 2017, exhibiting a negative growth of 2.49 per cent. Non-petroleum and Non Gems and Jewellery exports in April-September 2018-19 were US $ 119.05 Billion, as compared to US $ 107.91 Billion for the corresponding period in 2017-18, an increase of 10.32 %. IMPORTS Imports in September 2018 were US $ 41.93Billion (Rs. 3,02,804.39 Cro....
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....re), which was 10.45 per cent higher in Dollar terms and 23.78per cent higher in Rupee terms over imports of US $ 37.96 Billion (Rs.2,44,634.86 Crore) in September 2017. Cumulative value of imports for the period April-September 2018-19 was US $ 258.36 Billion (Rs.17,72,283.63Crore), as against US $ 222.42 Billion (Rs.14,31,823.75 Crore) during the period April-September 2017-18, registering a positive growth of 16.16per cent in Dollar terms (23.78 per cent in Rupee terms). Major commodity groups of import showing high growth in September 2018 over the corresponding month of last year are: CRUDE OIL AND NON-OIL IMPORTS: Oil imports in September 2018 were US $ 10.91 Billion (Rs. 78,811.17 Crore), which was 33.59 percent higher in Dollar terms (49.71 percent higher in Rupee terms), compared to US $ 8.17 Billion (Rs. 52,642.37 Crore) in September 2017. Oil imports in April-September 2018-19 were US $ 69.73 Billion (Rs. 4,78,183.10 Crore) which was 50.05 per cent higher in Dollar terms (59.85 percent higher in Rupee terms) compared to US $ 46.47 Billion (Rs. 2,99,147.05 Crore), over the same period last year. In this connection it is mentioned that the global Brent price ($/bbl) ha....
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....s increased by 42.97% in September 2018 vis-à-vis September 2017 as per data available from World Bank (Pink Sheet). Non-oil imports in September 2018 were estimated at US $ 31.02 Billion (Rs.2,23,993.22 Crore) which was 4.11 per cent higher in Dollar terms (16.67 percent higher in Rupee terms), compared to US $ 29.79 Billion (Rs. 1,91,992.49 Crore) in September 2017. Non-oil imports in April-September 2018-19 were US $ 188.63 Billion (Rs.12,94,100.53 Crore) which was 7.21 per cent higher in Dollar terms (14.25 percent higher in Rupee terms), compared to US $ 175.95 Billion (Rs. 1132676.70 Crore) in April-September2017-18. Non-Oil and Non-Gold imports were US $ 28.42 billion in September 2018, recording a positive growth of 1.22 per cent, as compared to Non-Oil and Non-Gold imports in September 2017. Non-Oil and Non-Gold imports were US $ 170.99 billion in April-September 2018-19, recording a positive growth of 7.57 per cent, as compared to Non-Oil and Non-Gold imports in April-September 2017-18. II. TRADE IN SERVICES (for August, 2018, as per the RBI Press Release dated 15th October 2018) EXPORTS (Receipts) Exports inAugust2018 were US $ 16.53 Billion (Rs.1,14,932.55Cr....
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....ore) registering a negative growth of 5.85 per cent in dollar terms,vis-à-vis July 2018. (as per RBI's Press Release for the respective months). IMPORTS (Payments) Imports in August 2018 were US $ 10.35 Billion (Rs. 72,008.45 Crore) registering a negative growth of 4.57 per cent in dollar terms,vis-à-vis July 2018. (as per RBI's Press Release for the respective months). III.TRADE BALANCE MERCHANDISE: The trade deficit for September 2018 was estimated at US $ 13.98 Billion as against the deficit of US $ 9.40 Billion inSeptember 2017. SERVICES: As per RBI's Press Release dated 15th October 2018, the trade balance in Services (i.e. Net Services export) for August, 2018 is estimated at US $ 6.17 Billion. OVERALL TRADE BALANCE: Taking merchandise and services together, overall trade deficit for April-September 2018-19* is estimated at US $ 56.01 Billion as compared to US $ 43.07 Billion in April-September 2017-18. *Note: Services data pertains to April-August 2018-19 as August 2018 is the latest data available as per RBI's Press Release dated 15th October 2018. It is arrived at by adding Month-wise QE dataof RBI's press release for April to August 2018-19. This data....
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.... is provisional and subject to revision by RBI. In addition, it may be noted that data for September 2018 is estimated and added to the April-August 2018-19 data of RBI to calculate the Overall Trade Deficit for April-September 2018-19. It will be revised based on RBI's next press release for September 2018. … MERCHANDISE TRADE EXPORTS & IMPORTS: (US $ Billion) (PROVISIONAL) SEPTEMBER APRIL-SEPTEMBER EXPORTS (including re-exports) 2017-18 28.57 145.75 2018-19 27.95 164.04 %Growth 2018-19/ 2017-18 -2.15 12.54 IMPORTS 2017-18 37.96 222.42 2018-19 41.93 258.36 %Growth 2018-19/ 2017-18 10.45 16.16 TRADE BALANCE 2017-18 -9.40 -76.66 2018-19 -13.98 -94.32 EXPORTS & IMPORTS: (Rs. Crore) (PROVISIONAL) SEPTEMBER APRIL-SEPTEMBER EXPORTS (including re-exports) 2017-18 1,84,088.94 9,38,307.83 2018-19 2,01,857.62 11,25,305.44 %Growth 2018-19/ 2017-18 9.65 19.93 IMPORTS 2017-18 2,44,634.86 14,31,823.75 2018-19 3,02,804.39 17,72,283.63 %Growth 2018-19/ 2017-18 23.78 23.78 TRADE BALANCE 2017-18 - 60,545.92 - 4,93,515.92 2018-19 -1,00,946.77 -6,46,978.19 SERVICES TRADE EXPORTS & IMPORTS (SERVICES) : (US $ Billion) (Provisiona....
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....l) AUGUST 2018 APRIL-AUGUST 2018-19 EXPORTS (Receipts) 16.53 84.69 IMPORTS (Payments) 10.35 52.63 TRADE BALANCE 6.17 32.06 EXPORTS & IMPORTS (SERVICES): (Rs. Crore) (Provisional) AUGUST 2018 APRIL-AUGUST 2018-19 EXPORTS (Receipts) 1,14,932.55 5,74,399.09 IMPORTS (Payments) 72,008.45 3,56,947.14 TRADE BALANCE 42,924.10 2,17,451.95 Note: Services data of 2018-19 pertains to April-August 2018-19 as August 2018 is the latest data available as per RBI's Press Release dated 15th October 2018. April-August 2017-18 data is arrived by adding Month-wise QE data. This has been used along with the estimate of service export and import for September 2018, as explained in page-1 for the purpose of this Press note. Quick Estimates for Selected Major Commodities for September 2018 TRADE: EXPORT Sl. No. Commodities (Values in Rs. crores) % change SEP'17 SEP'18 SEP'18 1 Tea 553.60 527.55 -4.71 2 Coffee 510.55 425.93 -16.57 3 Rice 4096.87 3138.58 -23.39 4 Other cereals 133.70 206.29 54.29 5 Tobacco 594.53 598.60 0.68 6 Spices 1723.20 1794.76 4.15 7 Cashew 439.62 348.34 -20.76 8 Oil Meals 424.19 478.15 12.72 9 Oil....
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.... seeds 447.56 515.39 15.16 10 Fruits & Vegetables 1185.28 1267.25 6.92 11 Cereal preparations & miscellaneous processed items 805.77 1006.27 24.88 12 Marine Products 5087.16 5111.62 0.48 13 Meat, dairy & poultry products 2592.77 3074.29 18.57 14 Iron Ore 587.10 915.59 55.95 15 Mica, Coal & Other Ores, Minerals including processed minerals 1936.00 2389.58 23.43 16 Leather & leather products 3066.10 2991.46 -2.43 17 Ceramic products & glassware 1207.37 1519.41 25.84 18 Gems & Jewellery 30857.60 27080.06 -12.24 19 Drugs & Pharmaceuticals 10290.71 11973.93 16.36 20 Organic & Inorganic Chemicals 10707.11 14028.49 31.02 21 Engineering Goods 47024.69 50526.80 7.45 22 Electronic Goods 3649.63 5064.76 38.77 23 Cotton Yarn/Fabs./made-ups, Handloom Products etc. 5920.22 6870.90 16.06 24 Man-made Yarn/Fabs./made-ups etc. 2997.41 3125.05 4.26 25 RMG of all Textiles 10704.85 7967.69 -25.57 26 Jute Mfg. including Floor Covering 206.84 223.03 7.83 27 Carpet 932.22 875.57 -6.08 28 Handicrafts excl. handmade carpet 1120.64 1063.47 -5.10 29 Petroleum Products 22367.15 31772.22 42.05 30 Plastic & L....
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....inoleum 3642.34 5231.45 43.63 Sub-Total 175812.78 192112.48 9.27 GRAND TOTAL 184088.94 201857.62 9.65 Note 1: Grand total is inclusive of component 'Other'. Note 2: The figures for SEPTEMBER'18 and SEPTEMBER'17 are provisional and subject to change QUICK ESTIMATES FOR SELECTED MAJOR COMMODITIES FOR SEPTEMBER 2018 TRADE: EXPORT Sl. No. Commodities (Values in Million USD) % change SEP'17 SEP'18 SEP'18 1 Tea 85.91 73.05 -14.97 2 Coffee 79.23 58.98 -25.56 3 Rice 635.76 434.61 -31.64 4 Other cereals 20.75 28.57 37.69 5 Tobacco 92.26 82.89 -10.16 6 Spices 267.41 248.53 -7.06 7 Cashew 68.22 48.24 -29.29 8 Oil Meals 65.83 66.21 0.58 9 Oil seeds 69.45 71.37 2.76 10 Fruits & Vegetables 183.93 175.48 -4.59 11 Cereal preparations & miscellaneous processed items 125.04 139.34 11.44 12 Marine Products 789.43 707.83 -10.34 13 Meat, dairy & poultry products 402.35 425.71 5.81 14 Iron Ore 91.11 126.79 39.16 15 Mica, Coal & Other Ores, Minerals including processed minerals 300.43 330.90 10.14 16 Leather & leather products 475.80 414.24 -12.94 17 Ceramic products & glassware 18....
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....7.36 210.40 12.30 18 Gems & Jewellery 4788.51 3749.91 -21.69 19 Drugs & Pharmaceuticals 1596.92 1658.09 3.83 20 Organic & Inorganic Chemicals 1661.54 1942.59 16.92 21 Engineering Goods 7297.34 6996.69 -4.12 22 Electronic Goods 566.35 701.34 23.84 23 Cotton Yarn/Fabs./made-ups, Handloom Products etc. 918.71 951.45 3.56 24 Man-made Yarn/Fabs./made-ups etc. 465.14 432.74 -6.97 25 RMG of all Textiles 1661.19 1103.32 -33.58 26 Jute Mfg. including Floor Covering 32.10 30.88 -3.80 27 Carpet 144.66 121.24 -16.19 28 Handicrafts excl. handmade carpet 173.90 147.26 -15.32 29 Petroleum Products 3470.96 4399.65 26.76 30 Plastic & Linoleum 565.22 724.42 28.17 Sub-Total 27282.81 26602.72 -2.49 GRAND TOTAL 28567.10 27952.20 -2.15 Note 1: Exports include Re-Exports. Note 2: The figures for SEPTEMBER'18 and SEPTEMBER'17 are provisional and subject to change Note 3: Grand total is inclusive of component 'Other'. QUICK ESTIMATES FOR SELECTED MAJOR COMMODITIES FORSEPTEMBER 2018 TRADE: IMPORT Sl.No. Commodities (Values in Rs. crores) % change SEP'17 SEP'18 SEP'18 1 Cotton Raw & Waste 933.76 391....
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.....64 -58.06 2 Vegetable Oil 7507.08 6684.13 -10.96 3 Pulses 1695.83 834.70 -50.78 4 Fruits & vegetables 1227.99 1195.71 -2.63 5 Pulp and Waste paper 635.89 874.51 37.53 6 Textile yarn Fabric, made-up articles 1008.09 1263.08 25.29 7 Fertilisers, Crude & manufactured 3352.83 3605.30 7.53 8 Sulphur & Unroasted Iron Pyrites 96.35 193.45 100.78 9 Metalliferous ores & other minerals 4710.33 3964.62 -15.83 10 Coal, Coke & Briquettes, etc. 10678.47 14793.72 38.54 11 Petroleum, Crude & products 52642.37 78811.17 49.71 12 Wood & Wood products 3653.14 3767.52 3.13 13 Leather & leather products 535.15 605.35 13.12 14 Organic & Inorganic Chemicals 10007.43 14058.14 40.48 15 Dyeing/tanning/colouring materials. 1510.17 2070.62 37.11 16 Artificial resins, plastic materials, etc. 7993.56 9579.65 19.84 17 Chemical material & products 3479.15 4741.76 36.29 18 Newsprint 522.75 710.11 35.84 19 Pearls, precious & Semi-precious stones 20342.76 19169.51 -5.77 20 Iron & Steel 8353.77 10370.49 24.14 21 Non-ferrous metals 7170.24 9078.53 26.61 22 Machine tools 1761.87 2673.73 51.76 23 Machinery, electr....
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....ical & non-electrical 18328.61 21408.51 16.80 24 Transport equipment 10297.97 8092.32 -21.42 25 Project goods 1353.10 1341.19 -0.88 26 Professional instrument, Optical goods, etc. 2854.57 3136.58 9.88 27 Electronic goods 32920.08 41098.65 24.84 28 Medicinal & Pharmaceutical products 2967.35 3476.18 17.15 29 Gold 11035.21 18731.31 69.74 30 Silver 2049.26 2133.81 4.13 Sub-Total 231625.10 288855.99 24.71 GRAND TOTAL 244634.86 302804.39 23.78 Note 1: Grand total is inclusive of component 'Other'. Note 2: The figures for SEPTEMBER'18 and SEPTEMBER'17 are provisional and subject to change QUICK ESTIMATES FOR SELECTED MAJOR COMMODITIES FORSEPTEMBER 2018 TRADE: IMPORT Sl. No. Commodities (Values in Million USD) % change SEP'17 SEP'18 SEP'18 1 Cotton Raw & Waste 144.90 54.23 -62.57 2 Vegetable Oil 1164.96 925.58 -20.55 3 Pulses 263.16 115.58 -56.08 4 Fruits & vegetables 190.56 165.58 -13.11 5 Pulp and Waste paper 98.68 121.10 22.72 6 Textile yarn Fabric, made-up articles 156.44 174.90 11.80 7 Fertilisers, Crude & manufactured 520.29 499.24 -4.05 8 Sulphur & Unroasted Iron Pyr....
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....ites 14.95 26.79 79.20 9 Metalliferous ores & other minerals 730.95 549.00 -24.89 10 Coal, Coke & Briquettes, etc. 1657.09 2048.56 23.62 11 Petroleum, Crude & products 8169.09 10913.36 33.59 12 Wood & Wood products 566.90 521.71 -7.97 13 Leather & leather products 83.04 83.83 0.95 14 Organic & Inorganic Chemicals 1552.96 1946.70 25.35 15 Dyeing/tanning/colouring materials. 234.35 286.73 22.35 16 Artificial resins, plastic materials, etc. 1240.45 1326.54 6.94 17 Chemical material & products 539.90 656.61 21.62 18 Newsprint 81.12 98.33 21.22 19 Pearls, precious & Semi-precious stones 3156.81 2654.49 -15.91 20 Iron & Steel 1296.35 1436.05 10.78 21 Non-ferrous metals 1112.69 1257.15 12.98 22 Machine tools 273.41 370.24 35.42 23 Machinery, electrical & non-electrical 2844.25 2964.54 4.23 24 Transport equipment 1598.05 1120.58 -29.88 25 Project goods 209.97 185.72 -11.55 26 Professional instrument, Optical goods, etc. 442.97 434.34 -1.95 27 Electronic goods 5108.57 5691.13 11.40 28 Medicinal & Pharmaceutical products 460.48 481.36 4.53 29 Gold 1712.45 2593.81 51.47 30 Silver 318....
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.....01 295.48 -7.08 Sub-Total 35943.80 39999.26 11.28 GRAND TOTAL 37962.67 41930.78 10.45 Note 1: Imports include Re-Imports. Note 2: The figures for SEPTEMBER'18 and SEPTEMBER'17 are provisional and subject to change. Note 3: Grand total is inclusive of component 'Other'. ***** MM/SB<BR> News - Press release - PIB....