Sept Exports Up
4.62% to $22.9bn, Imports Down by 3%
[Ref: PIB (MoC&I)
Press Release dated 14th October 2016]
I. Merchandise
Trade
Exports (including re-exports)
Exports during September,2016 has shown sign of
revival registering a growth of 4.62 per cent in dollar terms (5.45 per cent
higher in Rupee terms) valued at US$ 22880.56 million (Rs.152699.59 crore) in
September 2016 than the level of US$ 21869.36 million (Rs.144814.06 crore)
during September, 2015. Cumulative value of exports for the period
April-September 2016-17 was US$ 131400.50 million (Rs.879475.63 crore) as
against US$ 133723.24 million (Rs.858622.52 crore) registering a negative
growth of 1.74 per cent in Dollar terms and positive growth of 2.43 per cent in
Rupee terms over the same period last year.
Non-petroleum exports in September 2016 are valued
at US$ 20330.31 million against US$ 19282.01 million in September 2015, an
increase of 5.44%. Non-petroleum exports during April to September 2016 are
valued at US$ 117314.05 million as compared to US$ 116767.85 million 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$ 31220.13 million (Rs.208356.00 crore)
which was 2.54 per cent lower in Dollar terms and 1.78 per cent lower in Rupee
terms over the level of imports valued at US$ 32035.32 million (Rs.212130.85)
in September, 2015. Cumulative value of
imports for the period April-September 2016-17 was US$ 174409.62 million (Rs. 1167458.25 crore) as against US$ 202269.62 million
(Rs.1298646.11 crore) registering a negative
growth of 13.77 per cent in Dollar terms and 10.10 per cent in Rupee terms over
the same period last year.
Crude
Oil and Non-Oil Imports:
Oil
imports during September, 2016 were valued at US$ 6886.36 million which was
3.13 percent higher than oil imports valued at US$ 6677.58 million in the
corresponding period last year. Oil imports during April-September, 2016-17
were valued at US$ 39297.17 million which was 18.59 per cent lower than the oil
imports of US$ 48271.11 million in the corresponding period last year.
Non-oil
imports during September, 2016 were estimated at US$ 24333.77 million which was
4.04 per cent lower than non-oil imports of US$ 25357.74 million in September,
2015. Non-oil imports during April-September 2016-17 were valued at US$
135112.45 million which was 12.26 per cent lower than the level of such imports
valued at US$ 153998.51 million 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$ 13381 Million (Rs.89571.88 Crore)
registering a positive growth of 4.74 per cent in dollar terms as compared to
negative growth of 4.11 per cent during July 2016 (as per RBI’s Press Release
for the respective months).
Imports
(Payments)
Imports
during August 2016 were valued at US$ 8054 Million (Rs.
53913.15 Crore) registering a positive growth of 8.71 per cent in dollar
terms
as compared to negative growth of 11.68 per cent during July 2016 (as per RBI’s
Press Release for the respective months).
III. Trade Balance
Merchandise:
The trade deficit for April-September, 2016-17 was estimated at US$ 43009.12
million which was 37.26 % lower than the deficit of US$ 68546.38 million during
April-September, 2015-16.
Services:
As per RBI’s Press Release dated 14th October 2016, the trade
balance in Services (i.e. net export of Services) for August, 2016 was
estimated at US$ 5327 million. The net export of services for April- August,
2016-17 was estimated at US$ 26889 million which is lower than net export of
services of US$ 28178 million during April- August, 2015-16. (The data for
April-August 2015-16 and 2016-17 has been derived by adding April-August month
wise QE data of RBI Press Release).
Overall
Trade Balance: Overall the trade balance has improved.
Taking merchandise and services together, overall trade deficit for April-
September 2016-17 is estimated at US$ 16120.12 million which is 60.07 percent
lower in Dollar terms than the level of US$ 40368.38 million during
April-September 2015-16. (Services data pertains to April-August 2016 as August
2016 is the latest data available as per RBI’s Press Release dated 14th October
2016)
Merchandise
Trade
|
(Provisional) |
||
|
|
September |
April-September |
|
Exports(including re-exports) |
|
|
|
2015-16 |
21869.36 |
133723.24 |
|
2016-17 |
22880.56 |
131400.50 |
|
%Growth2016-17/ 2015-16 |
4.62 |
-1.74 |
|
Imports |
|
|
|
2015-16 |
32035.32 |
202269.62 |
|
2016-17 |
31220.13 |
174409.62 |
|
%Growth2016-17/ 2015-16 |
-2.54 |
-13.77 |
|
Trade Balance |
|
|
|
2015-16 |
-10165.96 |
-68546.38 |
|
2016-17 |
-8339.57 |
-43009.12 |
Services
Trade
|
Exports
& Imports (Services) : (US $ Million) |
|
|
(Provisional) |
|
|
August
2016-17 |
|
|
Exports
(Receipts) |
13381.00 |
|
Imports
(Payments) |
8054.00 |
|
Trade
Balance |
5327.00 |
|
Source:
RBI Press Release dated 14th October 2016 |
|