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India’s Foreign Trade: Exports go down 17.53 per cent in October

India’s Foreign Trade: Exports go down 17.53 per cent in October

India’s Foreign Trade: Exports go down 17.53 per cent in October

A. EXPORTS (including re-exports)

Exports during October, 2015 were valued at US$ 21352.79 million (Rs. 138916.98 crore) which was 17.53 per cent lower in Dollar terms (12.53 per cent lower in Rupee terms) than the level of US$ 25891.39 million (Rs. 158822.95 crore) during October, 2014. Cumulative value of exports for the period April-October 2015-16 was US$ 154292.24 million (Rs. 992503.57 crore) as against US$ 187288.74 million (Rs. 1130539.38 crore) registering a negative growth of 17.62 per cent in Dollar terms and 12.21 per cent in Rupee terms over the same period last year.

B. IMPORTS

Imports during October, 2015 were valued at US$ 31120.06 million (Rs. 202460.88 crore) which was 21.15 per cent lower in Dollar terms and 16.38 per cent lower in Rupee terms over the level of imports valued at US$ 39468.76 million (Rs. 242109.24 crore) in October, 2014. Cumulative value of imports for the period April-October 2015-16 was US$ 232054.30 million (Rs. 1492679.30 crore) as against US$ 273558.19 million (Rs. 1651512.80 crore) registering a negative growth of 15.17 per cent in Dollar terms and 9.62 per cent in Rupee terms over the same period last year.

C. CRUDE OIL AND NON-OIL IMPORTS:

Oil imports during October, 2015 were valued at US$ 6846.11 million which was 45.31 per cent lower than oil imports valued at US$ 12517.24 million in the corresponding period last year. Oil imports during April-October, 2015-16 were valued at US$ 54975.07 million which was 42.07 per cent lower than the oil imports of US$ 94896.22 million in the corresponding period last year.

Non-oil imports during October, 2015 were estimated at US$ 24273.95 million which was 9.93 per cent lower than non-oil imports of US$ 26951.52 million in October, 2014. Non-oil imports during April-October, 2015-16 were valued at US$ 177079.23 million which was 0.89 per cent lower than the level of such imports valued at US$ 178661.97 million in April-October, 2014-15.

D. TRADE BALANCE

The trade deficit for April-October, 2015-16 was estimated at US$ 77762.06 million which was lower than the deficit of US$ 86269.45 million during April-October, 2014-15.

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