Imports Crash 17.1% Over Last Year as Official Inflow of Gold Dries Up, Exports Fall 3.7%

A. Exports (including re-exports)

Exports during February, 2014 were valued at US $ 25688.94 million (Rs.159858.16 crore) which was 3.67 per cent lower in Dollar terms (11.47 per cent higher in Rupee terms) than the level of US $ 26668.77 million (Rs. 143407.85 crore) during February, 2013. Cumulative value of exports for the period April-February 2013 -14 was US $ 282777.02 million (Rs 1712422.41 crore) as against US $ 269859.25 million (Rs 1468159.38 crore) registering a growth of 4.79 per cent in Dollar terms and growth of 16.64 per cent in Rupee terms over the same period last year.

B. Imports

Imports during February, 2014 were valued at US $ 33819.14 million (Rs.210451.11 crore) representing a negative growth of 17.09 per cent in Dollar terms and a negative growth of 4.06 per cent in Rupee terms  over the level of imports valued at US $ 40791.98 million (Rs. 219353.56 crore) in February, 2013. Cumulative value of imports for the period April-February, 2013-14 was US $ 410863.28 million (Rs. 2474626.88 crore) as against US $ 449788.89 million (Rs. 2446387.26 crore) registering a negative growth of 8.65 per cent in Dollar terms and growth of 1.15 per cent in Rupee terms over the same period last year.

C. Crude Oil and Non-Oil Imports

Oil imports during February, 2014 were valued at US $ 13696.8 million which was 3.1  per cent lower than oil imports valued at US $  14134.3 million in the corresponding period last year. Oil imports during April-February, 2013-14 were valued at US $ 151840.9 million which was 0.8 per cent higher than the oil imports of US $ 150632.3 million in the corresponding period last year.

Non-oil imports during February, 2014 were estimated at US $ 20122.3 million which was 24.5 per cent lower than non-oil imports of US $ 26657.7 million in February, 2013. Non-oil imports during April-February, 2013-14 were valued at US $ 259022.4 million which was 13.4 per cent lower than the level of such imports valued at US $ 299156.6 million in April-February, 2012-13.

D. Trade Balance

The trade deficit for April-February, 2013-14 was estimated at US $ 128086.26 million which was lower than the deficit of US $ 179929.64 million during April-February, 2012-13.

Exports & Imports: (US $ Million)

(Provisional)

	February	April-February
Exports (including re-exports)
2012-13	26668.77	269859.25
2013-14	25688.94	282777.02
%Growth 2013-14/2012-2013	-3.67	4.79
Imports
2012-13	40791.98	449788.89
2013-14	33819.14	410863.28
%Growth 2013-14/2012-2013	-17.09	-8.65
Trade Balance
2012-13	-14123.21	-179929.64
2013-14	-8130.2	-128086.26