Indias Foreign Trade Update during

September and October 2014

Indias Foreign Trade Update:

#India's
Exports stood at US $ 26094.07 million (Rs.160066.25 crore)
which was 5.04% lower in Dollar terms and 5.47% lower in
Rupee terms during the same period last year
Imports were valued at US $ 39451.53 million (Rs.242003.58
crore) representing a growth of 3.62% in Dollar terms and a
growth of 3.16 % in Rupee terms during the same period last
year.

For more Informative posts click :

https://www.linkedin.com/company/jhunjhunwalas

Press Release:

EXPORTS (including re-exports)

Exports during October, 2014 were valued at US $ 26094.07
million (Rs.160066.25 crore) which was 5.04 per cent lower in
Dollar terms (5.47 per cent lower in Rupee terms) than the level
of US $ 27480.13 million (Rs. 169320.47 crore) during October,
2013. Cumulative value of exports for the period April-October
2014-15 was US $ 189795.47 million (Rs 1145605.36 crore) as
against US $ 181234.98 million (Rs 1080203.41 crore)
registering a growth of 4.72 per cent in Dollar terms and
growth of 6.05 per cent in Rupee terms over the same period
last year.
IMPORTS
Imports during October, 2014 were valued at US $ 39451.53 million
(Rs.242003.58 crore) representing a growth of 3.62 per cent in Dollar
terms and a growth of 3.16 per cent in Rupee terms over the level of
imports valued at US $ 38075.02 million (Rs. 234601.50 crore) in
October, 2013. Cumulative value of imports for the period AprilOctober 2014-15 was US $ 273551.51 million (Rs 1651470.41 crore)
as against US $ 268554.34 million (Rs 1590363.03 crore) registering
a growth of 1.86 per cent in Dollar terms and growth of 3.84 per cent
in Rupee terms over the same period last year.
CRUDE OIL AND NON-OIL IMPORTS:
Oil imports during October, 2014 were valued at US $
12365.2 million which was 19.2 per cent lower than oil imports
valued at US $ 15293.6 million in the corresponding period last
year. Oil imports during April-October, 2014-15 were valued at
US $ 94841.9 million which was 0.5 per cent lower than the oil
imports of US $ 95306.0 million in the corresponding period last
year.
Non-oil imports during October, 2014 were estimated at US $
27086.3 million which was 18.9 per cent higher than non-oil imports
of US $ 22781.4 million in October, 2013. Non-oil imports during AprilOctober, 2014-15 were valued at US $ 178709.6 million which was 3.2
per cent higher than the level of such imports valued at US $

173248.3 million in April-October, 2013-14.

TRADE BALANCE
The trade deficit for April-October, 2014-15 was estimated at
US $ 83756.04 million which was lower than the deficit of US $
87319.36 million during April-October, 2013-14.
INDIAS FOREIGN TRADE (SERVICES): SEPTEMBER, 2014
(As per the RBI Press Release dated 14th November, 2014)
EXPORTS (Receipts)
Exports during September, 2014 were valued at US $ 12940
Million (Rs. 78759.18 Crore).
IMPORTS (Payments)
Imports during September, 2014 were valued at US $ 6174
Million (Rs. 37577.99 Crore).

TRADE BALANCE
The trade balance in Services (i.e. net exports of Services) for
September, 2014 was estimated at US $ 6766 Million
EXPORTS & IMPORTS (MERCHANDISE): (US $ Million)
(PROVISIONAL)
OCTOBE
R
APRIL-OCTOBER
EXPORTS(including
reexports)
27480.1
2013-14
3
181234.98

2014-15
%Growth2014-15/ 2013-14
IMPORTS
2013-14
2014-15
%Growth 2014-15/ 2013-14
TRADE BALANCE

2014-15

(PROVISIONAL)
EXPORTS(including
exports)

268554.34
273551.51
1.86
-87319.36
-83756.04

re-

2014-15
%Growth 2014-15/ 2013-14
IMPORTS
2013-14
2014-15
%Growth 2014-15/ 2013-14
TRADE BALANCE

2014-15

189795.47
4.72

(MERCHANDISE): (Rs. Crore)

OCTOBE
R
APRIL-OCTOBER

2013-14

2013-14

38075.0
2
39451.5
3
3.62
10594.89
13357.46

2013-14

EXPORTS & IMPORTS

26094.0
7
-5.04

169320.
47
160066.
25
-5.47
234601.
50
242003.
58
3.16
65281.03
81937.33

1080203.41
1145605.36
6.05
1590363.03
1651470.41
3.84
-510159.62
-505865.05

EXPORTS & IMPORTS (SERVICES) : (US $

Million)
(PROVISIONAL)
September 201415
EXPORTS (Receipts)
12940.00
IMPORTS (Payments)
6174.00
TRADE BALANCE
6766.00
EXPORTS
Crore)

& IMPORTS (SERVICES): (Rs.

(PROVISIONAL)

September 201415

EXPORTS (Receipts)
78759.18
IMPORTS (Payments)
37577.99
TRADE BALANCE
41181.19
Source: RBI Press Release dated 14th November
2014

QUICK ESTIMATES FOR SELECTED MAJOR COMMODITIES

FOR OCTOBER, 2014
TRADE:
EXPORT

Commodit (Values in Million

ies
USD)
OCT 13
OCT 14

%
change
OCT 14

Tea

84.75

59.93

-29.29

Coffee

52.75

49.97

-5.27

Rice

498.52

655.46

31.48

Other
cereals

32.78

22.88

-30.20

Tobacco

99.34

79.48

-19.99

Spices

215.34

202.62

-5.91

Cashew

70.54

102.68

45.56

Oil Meals

233.07

88.33

-62.10

Oil seeds

71.82

94.31

31.31

10

Fruits &
Vegetables

181.13

147.82

-18.39

11

Cereal
preparatio
ns &
miscellane
ous
processed
items

95.94

96.92

1.02

12

Marine
Products

601.26

639.57

6.37

13

Meat, dairy
& poultry
products

458.68

459.54

0.19

14

Iron Ore

102.51

23.78

-76.80

15

Mica, Coal
& Other
Ores,
Minerals
including
processed
minerals

304.74

263.94

-13.39

16

Leather &
leather
products

463.33

3.08

17

Ceramic
products &
glassware

112.17

131.82

17.52

18

Gems &
Jewellery

4087.77

3995.72

-2.25

449.49

19

Drugs &
Pharmaceu
ticals

1315.50

1205.96

-8.33

20

Organic &
Inorganic
Chemicals

987.74

1079.19

9.26

21

Engineerin
g Goods

5737.43

5210.60

-9.18

22

Electronic
Goods

710.42

494.74

-30.36

23

Cotton
Yarn/Fabric
s/madeups,
Handloom
Products
etc.

1039.59

895.71

-13.84

24

Man-made
Yarn/Fabric
s/madeups etc.

467.39

465.31

-0.45

25

RMG of all
Textiles

1193.83

1194.61

0.07

26

Jute
Manufactur
ing
including
Floor
Covering

34.37

24.72

-28.08

27

Carpet

107.76

105.59

-2.01

28

Handicrafts
excluding
hand made
carpet

116.55

160.86

38.02

29

Petroleum
Products

5636.82

5627.87

-0.16

30

Plastic &
Linoleum

587.84

485.05

-17.49

Sub-Total

25687.84

24528.31

-4.51

GRAND
TOTAL

27480.13

26094.07

-5.04

#India's

For more Informative posts click :

https://www.linkedin.com/company/jhunjhunwalas

Press Release:
EXPORTS (including re-exports)
Exports during September, 2014 were valued at US $ 28903.28
million (Rs.175919.53 crore) which was 2.73 per cent higher in
Dollar terms (1.92 per cent lower in Rupee terms) than the level
of US $ 28135.90 million (Rs. 179372.28 crore) during
September, 2013. Cumulative value of exports for the period
April-September 2014-15 was US $ 163701.40 million (Rs
985539.11 crore) as against US $ 153754.85 million (Rs
910882.94 crore) registering a growth of 6.47 per cent in Dollar
terms and growth of 8.20 per cent in Rupee terms over the
same period last year.
IMPORTS
Imports during September, 2014 were valued at US $ 43150.70
million (Rs.262636.30 crore) representing a growth of 25.96 per
cent in Dollar terms and a growth of 20.25 per cent in Rupee

terms over the level of imports valued at US $ 34258.24 million

(Rs. 218403.50 crore) in September, 2013. Cumulative value of
imports for the period April-September 2014-15 was US $
234099.98 million (Rs 1409466.83 crore) as against US $
230479.32 million (Rs 1355761.53 crore) registering a growth
of 1.57 per cent in Dollar terms and growth of 3.96 per cent in
Rupee terms over the same period last year.
CRUDE OIL AND NON-OIL IMPORTS:
Oil imports during September, 2014 were valued at US $
14497.3 million which was 9.7 per cent higher than oil imports
valued at US $ 13213.0 million in the corresponding period last
year. Oil imports during April-September, 2014-15 were valued
at US $ 82476.7 million which was 3.1 per cent higher than the
oil imports of US $ 80012.4 million in the corresponding period
last year.
Non-oil imports during September, 2014 were estimated at US
$ 28653.4 million which was 36.2 per cent higher than non-oil
imports of US $ 21045.2 million in September, 2013. Non-oil
imports during April-September, 2014-15 were valued at US $
151623.2 million which was 0.8 per cent higher than the level
of such imports valued at US $ 150466.9 million in AprilSeptember, 2013-14.
TRADE BALANCE
The trade deficit for April-September, 2014-15 was estimated at
US $ 70398.58 million which was lower than the deficit of US $
76724.47 million during April-September, 2013-14. However,
the trade deficit for the month of September 2014 stands at US
$ 14247.42 million which was 132.71 per cent higher than the
value of US $ 6122.34 million in September 2013. This
phenomenal increase in trade deficit is mainly due to rise in
imports without adequate rise in exports. Imports have
increased mainly due to unusual growth of 449.7 per cent in
imports of Gold and 105.6 per cent in imports of Metalliferous

Ores & Other Minerals over the same period last year. Both
these items have a high value in the import basket with Gold
having a value of US $ 3751.87 million and Metalliferous Ores &
Other Minerals having a value of US $ 817.79 million in
September 2014.
INDIAS FOREIGN TRADE (SERVICES): AUGUST, 2014
(As per the RBI Press Release dated 14th October, 2014)
A. EXPORTS (Receipts)
Exports during August, 2014 were valued at US $ 12242 Million
(Rs. 74547.90 Crore).
B. IMPORTS (Payments)
Imports during August, 2014 were valued at US $ 6767 Million
(Rs. 41207.78 Crore).
C. TRADE BALANCE
The trade balance in Services (i.e. net exports of Services) for
August, 2014 was estimated at US $ 5475 Million.
EXPORTS & IMPORTS (MERCHANDISE): (US $ Million)
(PROVISIONAL)
SEPTEMBE
R
APRIL-SEPTEMBER
EXPORTS(including
reexports)
2013-14
28135.90
153754.85
2014-15
28903.28
163701.40
%Growth2014-15/ 2013-14
2.73
6.47
IMPORTS
2013-14
34258.24
230479.32
2014-15
43150.70
234099.98
%Growth 2014-15/ 2013-14
25.96
1.57
TRADE BALANCE
2013-14
-6122.34
-76724.47
2014-15
-14247.42
-70398.58

EXPORTS & IMPORTS

(MERCHANDISE): (Rs. Crore)

(PROVISIONAL)
EXPORTS(including
reexports)
2013-14
2014-15
%Growth 2014-15/ 2013-14
IMPORTS
2013-14
2014-15
%Growth 2014-15/ 2013-14
TRADE BALANCE
2013-14
2014-15

SEPTEMBE
R

APRIL-SEPTEMBER

179372.28
175919.53
-1.92

910882.94
985539.11
8.20

218403.50
262636.30
20.25

1355761.53
1409466.83
3.96

-39031.22
-86716.77

-444878.59
-423927.72

EXPORTS & IMPORTS (SERVICES) : (US $ Million)

(PROVISIONAL)
August 2014-15
EXPORTS (Receipts)
12242.00
IMPORTS (Payments)
6767.00
TRADE BALANCE
5475.00
EXPORTS & IMPORTS (SERVICES): (Rs. Crore)
(PROVISIONAL)

August 2014-15

EXPORTS (Receipts)
IMPORTS (Payments)
TRADE BALANCE

For quick estimates

September 2014

for

74547.90
41207.78
33340.12

selected

major

commodities

for

Trade: Export
Annexure - I
Sl. No.
SEP'13
1
2
3
4
5
6
7
8
9
10
11

12
13

14
15

16

Commoditie (Values in
% change
s
Million USD)
SEP'14
SEP'14
Tea
77.96
74.87
-3.96
Coffee
51.38
58.26
13.39
Rice
583.63
687.15
17.74
Other
39.85
46.66
17.09
cereals
Tobacco
108.08
84.61
-21.72
Spices
232.05
207.61
-10.53
Cashew
62.74
63.39
1.04
Oil Meals
192.98
53.07
-72.50
Oil seeds
77.31
97.09
25.59
Fruits &
159.64
156.00
-2.28
Vegetables
Cereal
103.67
104.10
0.41
preparatio
ns &
miscellane
ous
processed
items
Marine
526.87
597.12
13.33
Products
Meat,
500.59
548.98
9.67
dairy &
poultry
products
Iron Ore
155.54
15.88
-89.79
Mica, Coal 290.60
313.49
7.88
& Other
Ores,
Minerals
including
processed
minerals
Leather & 456.98
519.67
13.72
leather

17

18
19

20

21
22
23

24

25
26

27
28

products
Ceramic
products &
glassware
Gems &
Jewellery
Drugs &
Pharmace
uticals
Organic &
Inorganic
Chemicals
Engineerin
g Goods
Electronic
Goods
Cotton
Yarn/Fabric
s/madeups,
Handloom
Products
etc.
Man-made
Yarn/Fabric
s/madeups etc.
RMG of all
Textiles
Jute
Manufactu
ring
including
Floor
Covering
Carpet
Handicraft
s
excluding
hand

109.22

169.64

55.32

3959.38

4397.18

11.06

1220.60

1263.11

3.48

1047.65

1122.18

7.11

5395.92

6485.11

20.19

682.17

563.63

-17.38

955.38

943.73

-1.22

428.75

474.51

10.67

1116.45

1293.64

15.87

32.97

28.88

-12.41

99.24
230.99

153.14
111.63

54.31
-51.67

29
30
Sub-Total
GRAND
TOTAL

made
carpet
Petroleum 6948.51
6023.56
-13.31
Products
Plastic &
519.63
495.82
-4.58
Linoleum
26366.73
27153.71
2.98
28135.90
28903.28
2.73