India’s Imports Decline by 4.78%; Export 3.77% in Dec 2014

A. Exports (including re-exports)

Exports during December, 2014 were valued at US $ 25397.74 million (Rs.159378.46 crore) which was 3.77 per cent lower in Dollar terms (2.46 per cent lower in Rupee terms) than the level of US $ 26393.06 million (Rs. 163400.22 crore) during December, 2013. Cumulative value of exports for the period April-December 2014-15 was US $ 241153.78 million (Rs 1465171.42 crore) as against US $ 231829.87 million (Rs 1395186.97 crore) registering a growth of 4.02 per cent in Dollar terms and growth of 5.02 per cent in Rupee terms over the same period last year.

B. Imports

Imports during December, 2014 were valued at US $ 34832.56 million (Rs.218584.77 crore) which was 4.78 per cent lower in Dollar terms and 3.48 per cent lower in Rupee terms over the level of imports valued at US $ 36580.09 million (Rs. 226468.46 crore) in December, 2013. Cumulative value of imports for the period April-December 2014-15 was US $ 351205.70 million (Rs 2134282.62 crore) as against US $ 338907.35 million (Rs 2028361.39 crore) registering a growth of 3.63 per cent in Dollar terms and growth of 5.22 per cent in Rupee terms over the same period last year.

C. Crude Oil And Non-Oil Imports

Oil imports during December, 2014 were valued at US $ 9941.54 million which was 28.6 per cent lower than oil imports valued at US $ 13923.48 million in the corresponding period last year. Oil imports during April-December, 2014-15 were valued at US $ 116499.48 million which was 4.7 per cent lower than the oil imports of US $ 122208.56 million in the corresponding period last year.

Non-oil imports during December, 2014 were estimated at US $ 24891.02 million which was 9.9 per cent higher than non-oil imports of US $ 22656.61 million in December, 2013. Non-oil imports during April-December, 2014-15 were valued at US $ 234706.22 million which was 8.3 per cent higher than the level of such imports valued at US $ 216698.79 million in April-December, 2013-14.

D. Trade Balance

The trade deficit for April-December, 2014-15 was estimated at US $ 110051.92 million which was higher than the deficit of US $ 107077.48 million during April-December, 2013-14.

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

(Provisional)
	December	April-December
Exports(including re-exports)
2013-14	26393.06	231829.87
2014-15	25397.74	241153.78
%Growth2014-15/ 2013-14	-3.77	4.02
Imports
2013-14	36580.09	338907.35
2014-15	34832.56	351205.70
%Growth 2014-15/ 2013-14	-4.78	3.63
Trade Balance
2013-14	-10187.03	-107077.48
2014-15	-9434.82	-110051.92