Exports Revive in
May, Up 12.4%
Imports Fall 11.4%, Demand
Sluggish
Exports (including re-exports)
Exports during May, 2014 were
valued at US $ 27998.50 million (Rs.166045.09 crore)
which was 12.40 per cent higher in Dollar terms (21.17 per cent higher in Rupee
terms) than the level of US $ 24910.59 million (Rs.
137035.13 crore) during May, 2013. Cumulative value
of exports for the period April-May 2014-15 was US $ 53632.58 million (Rs 320763.69 crore) as against US
$ 49264.36 million (Rs 269460.46 crore)
registering a growth of 8.87 per cent in Dollar terms and growth of 19.04
per cent in Rupee terms over the same period last year.
Imports
Imports during May, 2014 were
valued at US $ 39233.24 million (Rs.232672.72 crore)
representing a negative growth of 11.41 per cent in Dollar terms and
negative growth of 4.49 per cent in Rupee terms over the level of
imports valued at US $ 44284.54 million (Rs.
243612.77 crore) in May, 2013. Cumulative value of
imports for the period April-May 2014-15 was US $ 74953.27 million (Rs 448266.65 crore) as against US
$ 86310.41 million (Rs 472131.36 crore)
registering a negative growth of 13.16 per cent in Dollar terms and
negative growth of 5.05 per cent in Rupee terms over the same period last year.
Crude Oil and Non-Oil Imports
Oil imports during May, 2014
were valued at US $ 14464.9 million which was 2.5 per cent higher than
oil imports valued at US $ 14119.5 million in the corresponding period
last year. Oil imports during April-May, 2014-15 were valued at US $
27442.7 million which was 1.0 per cent higher than the oil imports of US $
27173.0 million in the corresponding period last year.
Non-oil imports during May,
2014 were estimated at US $ 24768.3 million which was 17.9 per cent lower than
non-oil imports of US $ 30165.0 million in May, 2013. Non-oil imports during
April-May, 2014-15 were valued at US $ 47510.6 million which was 19.7 per cent
lower than the level of such imports valued at US $ 59137.4 million in
April-May, 2013-14.
Trade Balance
The trade deficit for
April-May, 2014-15 was estimated at US $ 21320.69 million which was lower than
the deficit of US $ 37046.05 million 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 |
|
%Growth2014-15/ 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 |
[Source:
PIB (MoC&I) Press Release dated 11th
June 2014]