India's exports rise by 4.62%, imports fell 2.54% in September

India Infoline News Service | Mumbai | October 15, 2016 14:49 IST

Imports during September 2016 were valued at $31220.13 mn which was 2.54% lower in Dollar terms and 1.78% lower in Rupee terms over the level of imports valued at $32035.32 mn in September, 2015.

trade deficit
The trade deficit for April-September, 2016-17 was estimated at US$43009.12mn which was 37.26% lower than the deficit of $68546.38mn during April-September, 2015-16.

Exports (including re-exports)

Exports during September,2016 has shown sign of revival registering a growth of 4.62% in dollar terms (5.45% higher in Rupee terms) valued at US$22880.56mn (Rs.152699.59 crore) in September 2016 than the level of US$21869.36mn (Rs 144814.06 crore) during September,2015.

Cumulative value of exports for the period April-September 2016-17 was US$131400.50mn (Rs 879475.63 crore) as against US$133723.24mn (Rs 858622.52 crore) registering a negative growth of 1.74% in Dollar terms and positive growth of 2.43% in Rupee terms over the same period last year.

Non-petroleum exports in September 2016 are valued at US$20330.31mn against US$19282.01mn in September 2015, an increase of 5.44%. Non-petroleum exports during April to September 2016 are valued at US$117314.05mn as compared to US$116767.85mn for the corresponding period in 2015, an increase of 0.47%.

The growth in exports have fallen for USA (-6.42%), EU (-8.39 %), China (-4.36%) but Japan exhibited positive growth (1.92%) for July 2016 over the corresponding period of previous year as per latest WTO statistics.

Imports

Imports during September 2016 were valued at US$31220.13mn (Rs 208356.00 crore) which was 2.54% lower in Dollar terms and 1.78% lower in Rupee terms over the level of imports valued at US$32035.32mn (Rs 212130.85) in September, 2015.

Cumulative value of imports for the period April-September 2016-17 was US$174409.62mn (Rs 1167458.25 crore) as against US$202269.62mn (Rs 1298646.11 crore) registering a negative growth of 13.77% in Dollar terms and 10.10% in Rupee terms over the same period last year.

Crude Oil and Non-Oil Imports:                                  
          
Oil imports during September, 2016 were valued at US$6886.36mn which was 3.13 percent higher than oil imports valued at US$6677.58mn in the corresponding period last year. Oil imports during April-September, 2016-17 were valued at US$39297.17mn which was 18.59% lower than the oil imports of US$48271.11mn in the corresponding period last year.

Non-oil imports during September, 2016 were estimated at US$24333.77mn which was 4.04% lower than non-oil imports of US$25357.74mn in September, 2015. Non-oil imports during April-September 2016-17 were valued at US$135112.45mn which was 12.26% lower than the level of such imports valued at US$153998.51mn in April-September, 2015-16.

II. Trade In Services (for August, 2016, as per the RBI Press Release dated 14thOctober 2016)

Exports (Receipts)

Exports during August 2016 were valued at US$13381mn (Rs 89571.88 Crore) registering a positive growth of 4.74% in dollar terms as compared to negative growth of 4.11% during July 2016 (as per RBI’s Press Release for the respective months).

Imports (Payments)

Imports during August 2016 were valued at US$8054mn (Rs  53913.15 Crore) registering a positive growth of 8.71% in dollar terms as compared to negative growth of 11.68% during July 2016 (as per RBI’s Press Release for the respective months).
 

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