Jan Exports Fall again to $21bn, Down 13.6% on Jan 2015

•    Imports of Energy Crashes but Machinery Stable

•    Textile Exports Deep in Negative Zone

•    Beverages: Tea and Coffee Look up

•    Tobacco Rises, Gem and Jewellery Show Signs of Buoyancy

•    Commodities: Iron Ore, Refined Oil Crash

Exports during January, 2016 were valued at US$ 21075.57 million which was 13.60 per cent lower in Dollar terms than the level of US$ 24393.58 million during January, 2015. Cumulative value of exports for the period April-January 2015-16 was US$ 217679.51million as against US$ 264322.49 million registering a negative growth of 17.65 per cent in Dollar terms and 12.10 per cent in Rupee terms. Rupee has fallen in this period hence the rupee value is higher by five percent or so.

Imports Down 11%

Imports during January, 2016 were valued at US$ 28714.50 million which was 11.01 per cent lower in Dollar terms over the level of imports valued at US$ 32265.37 million in January, 2015.

Oil imports during January, 2016 were valued at US$ 5026.41 million which was 39.01 per cent lower than oil imports valued at US$ 8241.18 million in the corresponding period last year.

Services Exports Rise, Bridge Trade Deficit

Exports during December, 2015 were valued at US$ 14038 Million (Rs. 93486.76 Crore).

During December, 2015, on month-on-month basis, growth in services export turned positive (with a growth of 16.80 per cent) as compared to negative growth (-9.93 per cent) during November 2015 (as per RBI’s Press Release for the respective months).

Imports during December, 2015 were valued at US$ 7187 Million (Rs. 47862.19 Crore).

Merchandise Trade

Exports & Imports: (US $ Million)

(Provisional)

 

January

April-January

Exports (including re-exports)

2014-15

24393.58

264322.49

2015-16

21075.57

217679.51

%Growth 2015-16/2014-15

-13.60

-17.65

Imports

2014-15

32265.37

383879.32

2015-16

28714.50

324526.19

%Growth 2015-16/2014-15

-11.01

-15.46

Trade Balance

2014-15

-7871.79

-119556.83

2015-16

-7638.93

-106846.68