Indias exports grow 12.4% to $28bn in May

India Infoline News Service | Mumbai |

Oil imports during May, 2014 were valued at US$14464.9mn which was 2.5% higher than oil imports valued at US$ 14119.5mn in the corresponding period last year

Indias exports rose 12.4% in May over the previous yearthe sharpest rise in 6 months helped by a weaker rupee.

Exports (including re-exports)
Exports during May, 2014 were valued at US$27998.50mn (Rs. 166045.09 crore) which was 12.40% higher in Dollar terms (21.17% higher in Rupee terms) than the level of US$24910.59mn (Rs. 137035.13 crore) during May, 2013. Cumulative value of exports for the period April-May 2014-15 was US$53632.58mn (Rs. 320763.69 crore) as against US$49264.36mn (Rs 269460.46 crore) registering a growth of 8.87% in Dollar terms and growth of 19.04% in Rupee terms over the same period last year.
 

Imports
Imports during May, 2014 were valued at US$39233.24mn (Rs.232672.72 crore) representing a negative growth of 11.41% in Dollar terms and  negative growth of 4.49% in Rupee terms  over the level of imports valued at US$44284.54mn (Rs. 243612.77 crore) in May, 2013. Cumulative value of imports for the period April-May 2014-15 was US$74953.27mn (Rs 448266.65 crore) as against US$86310.41mn (Rs 472131.36 crore) registering a negative growth of 13.16% in Dollar terms and negative growth of 5.05% in Rupee terms over the same period last year.
 

Crude Oil and Non-Oil Imports: 
Oil imports during May, 2014 were valued at US$14464.9mn which was 2.5% higher than oil imports valued at US$ 14119.5mn in the corresponding period last year. Oil imports during April-May, 2014-15 were valued at US$27442.7mn which was 1.0% higher than the oil imports of US$27173.0mn in the corresponding period last year.
 
Non-oil imports during May, 2014 were estimated at US$24768.3mn which was 17.9% lower than non-oil imports of US$30165.0mn in May, 2013. Non-oil imports during April-May, 2014-15 were valued at US$47510.6mn which was 19.7% lower than the level of such imports valued at US$59137.4mn in April-May, 2013-14. 


Trade Balance
The trade deficit for April-May, 2014-15 was estimated at US$21320.69mn which was lower than the deficit of US$37046.05mn during April-May, 2013-14. 

EXPORTS & IMPORTS: (US$Million)
(Provisional)  MAY  APRIL-MAY
Exports (including re-exports) 
2013-14 24910.59 49264.36
2014-15 27998.50 53632.58
% Growth 2014-15/2013-14 12.40 8.87
Imports 
2013-14 44284.54 86310.41
2014-15 39233.24 74953.27
% Growth 2014-15/2013-14 -11.41 -13.16
Trade Balance 
2013-14 -19373.95 -37046.05
2014-15 -11234.74 -21320.69
EXPORTS & IMPORTS  : (Rs. Crore)
     
(PROVISIONAL) MAY APRIL-MAY
     
Exports (including re-exports) 
2013-14 137035.13 269460.46
2014-15 166045.09 320763.69
% Growth 2014-15/2013-14 21.17 19.04
Imports    
2013-14 243612.77 472131.36
2014-15 232672.72 448266.65
% Growth 2014-15/2013-14 -4.49 -5.05
Trade Balance 
2013-14 -106577.64 -202670.90
2014-15 -66627.63 -127502.96


 

Advertisements

  • Save upto Rs.2.67 lakh with Pradhan Mantri Awas Yojana ...Know more
  • Now Save Rs.3150 on your Demat Account ...Click here
  • Now get IIFL Personal Loan in just 8* hours...APPLY NOW!
  • Get the most detailed result analysis on the web - Real Fast!
  • Actionable & Award-Winning Research on 500 Listed Indian Companies.