Gold, Electronics Shoot up Imports Rise
33%
· Exports Up 8% at $24bn in May
I. Merchandise Trade
Exports (including re-exports)
Exports have been exhibiting positive
growth for the last eight months. In continuation withgrowth
indicated by exports since September 2016, exports during May 2017have shown
growth of 8.32per cent in dollar terms valued at US$ 24014.62million as
compared to US$ 22170.62 million during May,2016. In
Rupee terms, during May 2017 exports were valued at Rs.
154713.69crore as compared to Rs. 148336.31crore
during May, 2016, registering a positive growth of 4.30 per cent.
During May 2017, Major commodity groups
of export having a share of 72.09% in total export basket which have shown
positive growth over the corresponding month of last year are Engineering Goods
(8.25%), Gems& Jewellery (6%), Petroleum Products (24.92%), RMG of all
Textiles (8.06%), Organic & Inorganic Chemicals (15.34%),Rice
(27.08%), Marine Products (44.58%) and Electronic Goods (8.57%).
Cumulative value of exports for the
period April-May 2017-18 was US $48649.71 million (Rs
313627.48 crore) as against US $42739.47 million (Rs
285056.42 crore) registering a positive growth of 13.83 per cent in Dollar
terms and 10.02 per cent in Rupee terms over the same period last year.
Non-petroleum and Non Gems &
Jewellery exports in May 2017 were valued at US$ 17514.36million against US$
16404.31million in May 2016, an increase of 6.77 %. Non-petroleum and Non Gems
and Jewellery exports during April -May 2017-18 were valued at US$ 35233.23
million as compared to US$ 31540.72 million for the corresponding period in
2016-17, an increase of 11.71%.
Imports
Imports during May 2017 were valued at
US$ 37856.34 million (Rs. 243888.74 crore) which was
33.09per cent higher in Dollar terms and 28.16per cent higher in Rupee terms
over the level of imports valued at US$ 28443.52 million (Rs.
190306.19crore) in May, 2016. Cumulative value of imports for the period
April-May 2017-18 was US$ 75740.62 million (Rs.
488269.26 crore) as against US$ 53857.24 million (Rs.
359229.90 crore) registering a positive growth of 40.63 per cent in Dollar
terms and 35.92 per cent in Rupee terms over the same period last year.
Major commodity group of imports
showing high growth in May 2017 over the corresponding month of last yearare Petroleum, Crude &products
(29.54%),Gold(236.69%), Electronic goods(34.16%), Pearls, precious &
Semi-precious stones(37.61%) and Machinery, electrical &
non-electrical(6.42%).
Crude Oil and Non-Oil Imports:
Oil imports during May, 2017 were
valued at US$ 7692.71 million which was 29.54percent higher than oil imports
valued at US$ 5938.59million in May 2016.Oil imports during April-May, 2017-18
were valued at US$ 15051.98 million which was 29.82 per cent higher than the
oil imports of US$ 11594.51 million in the corresponding period last year.
In this connection it is mentioned that
the global Brent prices ($/bbl) have increased by
7.94% in May 2017 vis-à-vis May 2016 as per World Bank commodity price data
(The pink sheet).
Non-oil imports during May, 2017 were
estimated at US$ 30163.63 million which was 34.03per cent higher than non-oil
imports of US$ 22504.93million in May, 2016. Non-oil imports during April-May
2017-18 were valued at US$ 60688.64 million which was 43.60 per cent higher
than the level of such imports valued at US$ 42262.73 million in April-May,
2016-17.
II. Trade in Services (for April, 2017,
as per the RBI Press Release dated 15th June, 2017)
Exports (Receipts)
Exports during April 2017 were valued
at US$ 12904 Million (Rs. 83239.96Crore) registering
a negative growth of 8.99 per cent in dollar terms as compared to positive
growth of 8.57 per cent during March 2017 (as per RBI’s Press Release for the
respective months).
Imports (Payments)
Imports during April 2017 were valued
at US$ 7222 Million (Rs. 46587.03Crore) registering a
negativegrowth of 12.64per cent in dollar terms as
compared to positive growth of 14.26 per cent during March2017 (as per RBI’s
Press Release for the respective months).
III. Trade Balance
Merchandise:
The trade deficit for May 2017 was estimated at US$ 13841.72 million as against the deficit of US$ 6272.90 million during May 2016.
Services:
As per RBI’s Press Release dated 15th June2017, the trade balance in Services
(i.e. net export of Services) for April, 2017 was estimated at US$ 5682
million.
Overall Trade Balance: Taking
merchandise and services together, overall trade deficit for April- May 2017-18
is estimated at US$ 21408.91 million as compared to US$ 5392.77 million during
April-May 2016-17. (Services data pertains to April 2017 as April 2017 is the
latest data available as per RBI’s Press Release dated 15th June 2017)
Merchandise Trade
|
(Provisional) |
|
|
|
|
May |
April-May |
|
Exports
(including re-exports) |
||
|
2016-17 |
22170.62 |
42739.47 |
|
2017-18 |
24014.62 |
48649.71 |
|
%Growth
2017-18/ 2016-17 |
8.32 |
13.83 |
|
Imports |
||
|
2016-17 |
28443.52 |
53857.24 |
|
2017-18 |
37856.34 |
75740.62 |
|
%Growth
2017-18/ 2016-17 |
33.09 |
40.63 |
|
Trade
Balance |
||
|
2016-17 |
-6272.90 |
-11117.77 |
|
2017-18 |
-13841.72 |
-27090.91 |
Services Trade
|
Exports
& Imports (Services): (US $ Million) |
|
|
(Provisional) |
April 2017 |
|
Exports (Receipts) |
12904 |
|
Imports (Payments) |
7222 |
|
Trade Balance |
5682 |
|
Source: RBI Press Release dated 15thJune,2017 |
|
Quick Estimates for Selected Major Commodities for
May 2017
Trade:
Export
|
Sl. No. |
Commodities |
(Values in Rs. crores) |
% change |
|
|
|
|
May'16 |
May'17 |
May'17 |
|
1 |
Tea |
299.52 |
319.44 |
6.65 |
|
2 |
Coffee |
502.11 |
557.80 |
11.09 |
|
3 |
Rice |
3368.10 |
4121.53 |
22.37 |
|
4 |
Other cereals |
116.82 |
93.00 |
-20.39 |
|
5 |
Tobacco |
547.96 |
468.24 |
-14.55 |
|
6 |
Spices |
1686.90 |
1660.74 |
-1.55 |
|
7 |
Cashew |
344.02 |
540.25 |
57.04 |
|
8 |
Oil Meals |
148.27 |
425.10 |
186.71 |
|
9 |
Oil seeds |
721.63 |
450.78 |
-37.53 |
|
10 |
Fruits & Vegetables |
1081.38 |
1127.83 |
4.30 |
|
11 |
Cereal preparations &
miscellaneous processed items |
738.96 |
711.71 |
-3.69 |
|
12 |
Marine Products |
2530.76 |
3523.30 |
39.22 |
|
13 |
Meat, dairy & poultry
products |
2052.69 |
2033.38 |
-0.94 |
|
14 |
Iron Ore |
633.88 |
727.78 |
14.81 |
|
15 |
Mica, Coal & Other
Ores, Minerals including processed minerals |
2021.13 |
1972.43 |
-2.41 |
|
16 |
Leather & leather
products |
2882.89 |
2691.26 |
-6.65 |
|
17 |
Ceramic products &
glassware |
1029.96 |
1127.37 |
9.46 |
|
18 |
Gems & Jewellery |
24860.25 |
25374.08 |
2.07 |
|
19 |
Drugs &
Pharmaceuticals |
8769.49 |
7784.87 |
-11.23 |
|
20 |
Organic & Inorganic
Chemicals |
7450.86 |
8274.89 |
11.06 |
|
21 |
Engineering Goods |
38480.78 |
40111.96 |
4.24 |
|
22 |
Electronic Goods |
3133.45 |
3275.68 |
4.54 |
|
23 |
Cotton Yarn/Fabs./made-ups, Handloom Products etc. |
5196.98 |
4860.78 |
-6.47 |
|
24 |
Man-made Yarn/Fabs./made-ups etc. |
2541.07 |
2396.60 |
-5.69 |
|
25 |
RMG of all Textiles |
9940.10 |
10342.55 |
4.05 |
|
26 |
Jute Mfg. including Floor
Covering |
197.76 |
162.54 |
-17.81 |
|
27 |
Carpet |
804.77 |
788.53 |
-2.02 |
|
28 |
Handicrafts excl. handmade
carpet |
1056.84 |
974.70 |
-7.77 |
|
29 |
Petroleum Products |
13720.24 |
16503.70 |
20.29 |
|
30 |
Plastic & Linoleum |
3239.28 |
3220.08 |
-0.59 |
|
|
Sub-Total |
140098.85 |
146622.90 |
4.66 |
|
|
Grand Total |
148336.31 |
154713.69 |
4.30 |
Note: The
figures for May'17 and May'16 are provisional and subject to change
Quick Estimates for Selected Major Commodities for
May 2017
Trade: Export
|
Sl. No. |
Commodities |
(Values in
Million USD) |
% change |
|
|
|
|
May'16 |
May'17 |
May'17 |
|
1 |
Tea |
44.77 |
49.58 |
10.74 |
|
2 |
Coffee |
75.05 |
86.58 |
15.36 |
|
3 |
Rice |
503.40 |
639.74 |
27.08 |
|
4 |
Other cereals |
17.46 |
14.44 |
-17.30 |
|
5 |
Tobacco |
81.90 |
72.68 |
-11.26 |
|
6 |
Spices |
252.13 |
257.78 |
2.24 |
|
7 |
Cashew |
51.42 |
83.86 |
63.09 |
|
8 |
Oil Meals |
22.16 |
65.98 |
197.74 |
|
9 |
Oil seeds |
107.86 |
69.97 |
-35.13 |
|
10 |
Fruits & Vegetables |
161.63 |
175.06 |
8.31 |
|
11 |
Cereal preparations &
miscellaneous processed items |
110.45 |
110.47 |
0.02 |
|
12 |
Marine Products |
378.25 |
546.89 |
44.58 |
|
13 |
Meat, dairy & poultry
products |
306.80 |
315.62 |
2.87 |
|
14 |
Iron Ore |
94.74 |
112.97 |
19.24 |
|
15 |
Mica, Coal & Other
Ores, Minerals including processed minerals |
302.08 |
306.16 |
1.35 |
|
16 |
Leather & leather
products |
430.88 |
417.74 |
-3.05 |
|
17 |
Ceramic products &
glassware |
153.94 |
174.99 |
13.67 |
|
18 |
Gems & Jewellery |
3715.66 |
3938.56 |
6.00 |
|
19 |
Drugs &
Pharmaceuticals |
1310.70 |
1208.37 |
-7.81 |
|
20 |
Organic & Inorganic
Chemicals |
1113.62 |
1284.43 |
15.34 |
|
21 |
Engineering Goods |
5751.41 |
6226.17 |
8.25 |
|
22 |
Electronic Goods |
468.33 |
508.45 |
8.57 |
|
23 |
Cotton Yarn/Fabs./made-ups, Handloom Products etc. |
776.75 |
754.49 |
-2.87 |
|
24 |
Man-made Yarn/Fabs./made-ups etc. |
379.79 |
372.00 |
-2.05 |
|
25 |
RMG of all Textiles |
1485.67 |
1605.37 |
8.06 |
|
26 |
Jute Mfg. including Floor
Covering |
29.56 |
25.23 |
-14.65 |
|
27 |
Carpet |
120.28 |
122.40 |
1.76 |
|
28 |
Handicrafts excl. handmade
carpet |
157.96 |
151.29 |
-4.22 |
|
29 |
Petroleum Products |
2050.65 |
2561.70 |
24.92 |
|
30 |
Plastic & Linoleum |
484.15 |
499.82 |
3.24 |
|
|
Sub-Total |
20939.45 |
22758.79 |
8.69 |
|
|
Grand Total |
22170.62 |
24014.62 |
8.32 |
Note: The figures for May'17 and May'16 are
provisional and subject to change
Quick Estimates for Selected Major Commodities for May
2017
Trade: Import
|
Sl. No. |
Commodities |
(Values in Rs. crores) |
% change |
|
|
|
|
May'16 |
May'17 |
May'17 |
|
1 |
Cotton Raw & Waste |
273.93 |
741.54 |
170.70 |
|
2 |
Vegetable Oil |
5475.71 |
6967.61 |
27.25 |
|
3 |
Pulses |
1671.04 |
1906.36 |
14.08 |
|
4 |
Fruits & vegetables |
996.99 |
1166.29 |
16.98 |
|
5 |
Pulp and Waste paper |
584.93 |
669.64 |
14.48 |
|
6 |
Textile yarn Fabric,
made-up articles |
868.07 |
1022.67 |
17.81 |
|
7 |
Fertilisers, Crude &
manufactured |
2592.16 |
3182.43 |
22.77 |
|
8 |
Sulphur & Unroasted
Iron Pyrites |
76.76 |
48.17 |
-37.25 |
|
9 |
Metalliferous ores & other minerals |
2711.54 |
3924.94 |
44.75 |
|
10 |
Coal, Coke &
Briquettes, etc. |
6905.02 |
11893.80 |
72.25 |
|
11 |
Petroleum, Crude &
products |
39733.17 |
49560.16 |
24.73 |
|
12 |
Wood & Wood products |
2623.08 |
3185.20 |
21.43 |
|
13 |
Leather & leather
products |
588.28 |
551.88 |
-6.19 |
|
14 |
Organic & Inorganic
Chemicals |
9560.45 |
10542.33 |
10.27 |
|
15 |
Dyeing/tanning/colouring
materials. |
1403.08 |
1532.48 |
9.22 |
|
16 |
Artificial resins, plastic
materials, etc. |
7630.13 |
7842.39 |
2.78 |
|
17 |
Chemical material &
products |
2905.16 |
3500.84 |
20.50 |
|
18 |
Newsprint |
479.39 |
483.12 |
0.78 |
|
19 |
Pearls, precious &
Semi-precious stones |
14354.78 |
19021.51 |
32.51 |
|
20 |
Iron & Steel |
6205.84 |
6835.40 |
10.14 |
|
21 |
Non-ferrous metals |
5724.76 |
6623.43 |
15.70 |
|
22 |
Machine tools |
1743.87 |
1603.58 |
-8.04 |
|
23 |
Machinery, electrical
& non-electrical |
15501.30 |
15884.76 |
2.47 |
|
24 |
Transport equipment |
8177.79 |
6679.73 |
-18.32 |
|
25 |
Project goods |
923.81 |
985.18 |
6.64 |
|
26 |
Professional instrument,
Optical goods, etc. |
2086.81 |
2211.76 |
5.99 |
|
27 |
Electronic goods |
20739.53 |
26792.44 |
29.19 |
|
28 |
Medicinal &
Pharmaceutical products |
2892.17 |
2866.68 |
-0.88 |
|
29 |
Gold |
9853.52 |
31945.67 |
224.21 |
|
30 |
Silver |
264.58 |
2853.47 |
978.49 |
|
|
Sub-Total |
175547.65 |
233025.46 |
32.74 |
|
|
Grand Total |
190306.19 |
243888.74 |
28.16 |
Note: The figures for May'17 and May'16 are
provisional and subject to change
Quick Estimates for Selected Major Commodities for
May 2017
Trade:
Import
|
Sl. No. |
Commodities |
(Values in
Million USD) |
% change |
|
|
|
|
May'16 |
May'17 |
May'17 |
|
1 |
Cotton Raw & Waste |
40.94 |
115.10 |
181.14 |
|
2 |
Vegetable Oil |
818.41 |
1081.51 |
32.15 |
|
3 |
Pulses |
249.76 |
295.90 |
18.47 |
|
4 |
Fruits & vegetables |
149.01 |
181.03 |
21.49 |
|
5 |
Pulp and Waste paper |
87.42 |
103.94 |
18.90 |
|
6 |
Textile yarn Fabric, made-up articles |
129.74 |
158.74 |
22.35 |
|
7 |
Fertilisers, Crude & manufactured |
387.43 |
493.98 |
27.50 |
|
8 |
Sulphur & Unroasted Iron Pyrites |
11.47 |
7.48 |
-34.79 |
|
9 |
Metalliferous ores & other minerals |
405.27 |
609.23 |
50.33 |
|
10 |
Coal, Coke & Briquettes, etc. |
1032.04 |
1846.15 |
78.88 |
|
11 |
Petroleum, Crude & products |
5938.59 |
7692.71 |
29.54 |
|
12 |
Wood & Wood products |
392.05 |
494.41 |
26.11 |
|
13 |
Leather & leather products |
87.93 |
85.66 |
-2.58 |
|
14 |
Organic & Inorganic Chemicals |
1428.92 |
1636.38 |
14.52 |
|
15 |
Dyeing/tanning/colouring materials. |
209.71 |
237.87 |
13.43 |
|
16 |
Artificial resins, plastic materials, etc. |
1140.41 |
1217.29 |
6.74 |
|
17 |
Chemical material & products |
434.21 |
543.40 |
25.15 |
|
18 |
Newsprint |
71.65 |
74.99 |
4.66 |
|
19 |
Pearls, precious & Semi-precious stones |
2145.49 |
2952.51 |
37.61 |
|
20 |
Iron & Steel |
927.54 |
1060.99 |
14.39 |
|
21 |
Non-ferrous metals |
855.63 |
1028.09 |
20.16 |
|
22 |
Machine tools |
260.64 |
248.91 |
-4.50 |
|
23 |
Machinery, electrical & non-electrical |
2316.85 |
2465.63 |
6.42 |
|
24 |
Transport equipment |
1222.27 |
1036.83 |
-15.17 |
|
25 |
Project goods |
138.07 |
152.92 |
10.76 |
|
26 |
Professional instrument, Optical goods, etc. |
311.90 |
343.31 |
10.07 |
|
27 |
Electronic goods |
3099.77 |
4158.72 |
34.16 |
|
28 |
Medicinal & Pharmaceutical products |
432.27 |
444.97 |
2.94 |
|
29 |
Gold |
1472.73 |
4958.60 |
236.69 |
|
30 |
Silver |
39.54 |
442.91 |
1020.16 |
|
|
Sub-Total |
26237.66 |
36170.16 |
37.86 |
|
|
Grand Total |
28443.52 |
37856.34 |
33.09 |
Note: The figures for May'17 and May'16 are
provisional and subject to change.