Exports in March Fall 21%, Year 2014-15 Ends in Negative Growth

A. Exports (including re-exports)

Exports during March, 2015 were valued at US $ 23951.16 million (Rs.149574.53 crore) which was 21.06 per cent lower in Dollar terms (19.20 per cent lower in Rupee terms) than the level of US $ 30341.04 million (Rs. 185122.83 crore) during March, 2014. Cumulative value of exports for the period April-March 2014-15 was US $ 310533.87 million (Rs 1897025.85 crore) as against US $ 314415.73 million (Rs. 1905011.08 crore) registering a growth of -1.23 per cent in Dollar terms and growth of -0.42 per cent in Rupee terms over the same period last year.

B. Imports

Imports during March, 2015 were valued at US $ 35744.68 (Rs.223224.83 crore) which was 13.44 per cent lower in Dollar terms and 11.40 per cent lower in Rupee terms over the level of imports valued at US $ 41294.41 million (Rs. 251953.73 crore) in March, 2014. Cumulative value of imports for the period April-March 2014-15 was US $ 447548.33 million (Rs. 2734049.06 crore) as against US $ 450213.63 million (Rs 2715433.89 crore) registering a growth of -0.59 per cent in Dollar terms and growth of 0.69 per cent in Rupee terms over the same period last year.

C. Crude Oil and Non-Oil Imports

Oil imports during March, 2015 were valued at US $ 7413.30 million which was 52.68 per cent lower than oil imports valued at US $ 15667.12 million in the corresponding period last year. Oil imports during April-March, 2014-15 were valued at US $ 138261.66 million which was 16.09 per cent lower than the oil imports of US $ 164770.33 million in the corresponding period last year.

Non-oil imports during March, 2015 were estimated at US $ 28331.38 million which was 10.55 per cent higher than non-oil imports of US $ 25627.29 million in March, 2014. Non-oil imports during April-March, 2014-15 were valued at US $ 309286.67 million which was 8.35 per cent higher than the level of such imports valued at US $ 285443.30 million in April-March, 2013-14.

D. Trade Balance

The trade deficit for April-March, 2014-15 was estimated at US $ 137014.46 million which was higher than the deficit of US $ 135797.90 million during April-March, 2013-14.

India’s Foreign Trade (Services): February, 2015

A. Exports (Receipts)

Exports during February, 2015 were valued at US $ 14099 Million (Rs. 87466.81 Crore).

B. Imports (Payments)

Imports during February, 2015 were valued at US $ 7896 Million (Rs. 48984.89 Crore).

C. Trade Balance

The trade balance in Services (i.e. net export of Services) for February, 2015 was estimated at US $ 6203 Million.

Exports & Imports (Merchandise): (US $ Million)

	March	April- March
Exports (including re-exports)
2013-14	30341.04		314415.73
2014-15	23951.16		310533.87
%Growth 2014-15/2013-14	-21.06		-1.23
Imports
2013-14	41294.41		450213.63
2014-15	35744.68		447548.33
%Growth 2014-15/2013-14	-13.44		-0.59
Trade Balance
2013-14	-10953.37		-135797.90
2014-15	-11793.52		-137014.46

Exports & Imports (Services): (US $ Million)

	February 2014-15
Exports (Receipts)	14099.00
Imports (Payments)	7896.00
Trade Balance	6203.00

Exports & Imports (Services): (Rs. Crore)

	February 2014-15
Exports (Receipts)	87466.81
Imports (Payments)	48984.89
Trade Balance	38481.92

Source: RBI Press Release dated 15 April 2015