India’s Foreign Trade: December 2018
India’s overall exports (Merchandise and Services combined) in April-December 2018-19* are estimated to be USD 396.73Billion, exhibiting a positive growth of 13.79per cent over the same period last year. Overall imports in April-December2018-19* are estimated to be USD 479.46Billion, exhibiting a positive growth of 14.63per cent over the same period last year.
I. MERCHANDISE TRADE
EXPORTS (including re-exports)
Exports in December 2018 were In Rupee terms, exports were Rs. 1,97,535.86 Crore in December 2018, as compared to Rs. 1,78,802.77 Crore in December 2017, registering a positive growth of 10.48 per cent.
In December 2018, major commodity groups of export showing positive growth over the corresponding month of last year are
Cumulative value of exports for the period April-December 2018-19 was (Rs.17,11,905.60 Crore) as against (Rs.14,36,614.25 Crore) during the period April-December 2017-18, registering a positive growth of 19.16 per cent in Rupee terms.
Non-petroleum and Non Gems and Jewellery exports in April-December 2018-19 were US $ 177.66 Billion, as compared to US $ 164.66 Billion for the corresponding period in 2017-18, an increase of 7.90 per cent.
IMPORTS
Imports during the period April-December 2017-18, registering a positive growth of 12.61 per cent in Dollar terms (21.81 per cent in Rupee terms).
Major commodity groups of import showing high growth in December 2018 over the corresponding month of last year are:
II. TRADE IN SERVICES
EXPORTS (Receipts)
Exports inNovember2018 were US $ 16.68Billion (Rs.1,19,831.25 Crore) registering a negative growth of 0.82per cent in dollar terms, vis-à-vis October 2018. (as per RBI’s Press Release for the respective months).
IMPORTS (Payments)
Imports inNovember2018 were US $ 10.11Billion (Rs.72,637.41Crore) registering a positive growth of 0.10per cent in dollar terms,vis-à-vis October 2018. (as per RBI’s Press Release for the respective months).
III. TRADE BALANCE
MERCHANDISE: The trade deficit for December 2018 was estimated at US $ 13.08Billion as against the deficit of US $ 14.20Billion inDecember 2017.
SERVICES: As per RBI’s Press Release dated 15th January 2019, the trade balance in Services (i.e. Net Services export) for November, 2018 is estimated at US $ 6.57Billion.
OVERALL TRADE BALANCE: Taking merchandise and services together, overall trade deficit for April-December 2018-19* is estimated at US $ 82.72Billion as compared to US $ 69.63Billion in April-December 2017-18.
The trade deficit stood at USD 14.2 billion in December 2017.
Gold imports declined by 24.33 per cent to USD 2.56 billion in December last year as against USD 3.39 billion in the same month of 2017.
During April-December this fiscal, exports grew by 10.18 per cent to USD 245.44 billion. Imports rose by 12.61 per cent to USD 386.65 billion.
Want more content like this? Register for free site membership to get regular updates.
Disclaimer: As Reported by The Press Information Bureau
Comentarios