Latest Facts on Indian Foreign Trade

India’s Foreign Trade (Merchandise): December, 2015

EXPORTS (including re-exports)

Exports during December, 2015 were valued at US$ 22297.48 million (Rs. 148491.18 crore) which was 14.75 per cent lower in Dollar terms (9.53 per cent lower in Rupee terms) than the level of US$ 26154.46 million (Rs. 164127.08 crore) during December, 2014.

Cumulative value of exports for the period April-December 2015-16 was US$ 196603.94 million (Rs. 1273322.99 crore) as against US$ 239928.91 million (Rs. 1458094.40 crore) registering a negative growth of 18.06 per cent in Dollar terms and 12.67 per cent in Rupee terms over the same period last year.

Non-petroleum exports in December 2015 are valued at US$ 19931.91 million against US$ 21631.89 million in December 2014, a reduction of 7.86%. Non-petroleum exports during April to December 2015 are valued at US$ 173291.60 million as compared to US$ 191359.32 million for the corresponding period in 2014, a reduction of 9.4%.

The trend of falling exports is in tandem with other major world economies (the growth in exports have fallen for USA, European Union, China  by 10.30, 10.83, 6.94 per cent respectively for October 2015 over the corresponding period previous year as per WTO statistics).

IMPORTS

Imports during December, 2015 were valued at US$ 33961.48 million (Rs. 226168.20 crore) which was 3.88 per cent lower in Dollar terms and 2.00 per cent higher in Rupee terms  over the level of imports valued at US$ 35333.27 million (Rs. 221726.88 crore) in December, 2014.

Cumulative value of imports for the period April-December 2015-16  was US$ 295811.69 million (Rs. 1915849.40 crore) as against US$ 351613.95 million (Rs. 2136855.40 crore) registering a negative growth of 15.87 per cent in Dollar terms and 10.34 per cent in Rupee terms over the same period last year.

CRUDE OIL AND NON-OIL IMPORTS:

Oil imports during December, 2015 were valued at US$ 6656.74 million which was 33.19 per cent lower than oil imports valued at US$ 9963.44 million in the corresponding period last year. Oil imports during April-December, 2015-16 were valued at US$ 68068.20 million which was 41.60 per cent lower than the oil imports of US$ 116559.48 million in the corresponding period last year.

Non-oil imports during December, 2015 were estimated at US$ 27304.74 million which was 7.63 per cent higher than non-oil imports of US$ 25369.83 million in December, 2014. Non-oil imports during April-December, 2015-16 were valued at US$ 227743.49 million which was 3.11 per cent lower than the level of such imports valued at US$ 235054.47 million in April-December, 2014-15.

TRADE BALANCE

The trade deficit for April-December, 2015-16 was estimated at US$ 99207.75 million which was lower than the deficit of US$ 111685.04 million during April-December, 2014-15.

INDIA’S FOREIGN TRADE (SERVICES): November, 2015

(As per the RBI Press Release dated 15^th January, 2016)

EXPORTS (Receipts)

Exports during November, 2015 were valued at US$ 12019 Million (Rs. 79466.14 Crore).

IMPORTS (Payments)

Imports during November, 2015 were valued at US$ 5686 Million (Rs. 37594.18 Crore).

TRADE BALANCE

The trade balance in Services (i.e. net export of Services) for November, 2015 was estimated at US$ 6333 Million.