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India’s Foreign Trade Dips Compared to Same Month Last Year

India’s Foreign Trade Dips Compared to Same Month Last Year

India’s Foreign Trade Dips Compared to Same Month Last Year  

EXPORTS (including re-exports) Exports during March, 2015 were valued at US $ 23951.16 million (Rs.149574.53 crore) which was 21.06 per cent lower in Dollar terms (19.20 per cent lower in Rupee terms) than the level of US $ 30341.04 million (Rs. 185122.83 crore) during March, 2014. Cumulative value of exports for the period April-March 2014-15 was US $ 310533.87 million (Rs 1897025.85 crore) as against US $ 314415.73 million (Rs. 1905011.08 crore) registering a growth of -1.23 per cent in Dollar terms and growth of -0.42 per cent in Rupee terms over the same period last year.

IMPORTS Imports during March, 2015 were valued at US $ 35744.68 (Rs.223224.83 crore) which was 13.44 per cent lower in Dollar terms and 11.40 per cent lower in Rupee terms over the level of imports valued at US $ 41294.41 million (Rs. 251953.73 crore) in March, 2014. Cumulative value of imports for the period AprilMarch 2014-15 was US $ 447548.33 million (Rs. 2734049.06 crore) as against US $ 450213.63 million (Rs 2715433.89 crore) registering a growth of -0.59 per cent in Dollar terms and growth of 0.69 per cent in Rupee terms over the same period last year.china exports-down

CRUDE OIL AND NON-OIL IMPORTS: Oil imports during March, 2015 were valued at US $ 7413.30 million which was 52.68 per cent lower than oil imports valued at US $ 15667.12 million in the corresponding period last year. Oil imports during April-March, 2014-15 were valued at US $ 138261.66 million which was 16.09 per cent lower than the oil imports of US $ 164770.33 million in the corresponding period last year. Non-oil imports during March, 2015 were estimated at US $ 28331.38 million which was 10.55 per cent higher than non-oil imports of US $ 25627.29 million in March, 2014. Non-oil imports during April-March, 2014-15 were valued at US $ 309286.67 million which was 8.35 per cent higher than the level of such imports valued at US $ 285443.30 million in April-March, 2013-14.

TRADE BALANCE The trade deficit for April-March, 2014-15 was estimated at US $ 137014.46 million which was higher than the deficit of US $ 135797.90 million during April-March, 2013-14.

INDIA’S FOREIGN TRADE (SERVICES): FEBRUARY, 2015 (As per the RBI Press Release dated 15th April, 2015)

EXPORTS (Receipts) Exports during February, 2015 were valued at US $ 14099 Million (Rs. 87466.81 Crore).B. IMPORTS (Payments) Imports during February, 2015 were valued at US $ 7896 Million (Rs. 48984.89 Crore). C. The trade balance in Services (i.e. net export of Services) for February, 2015 was estimated at US $ 6203 Million.

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