India’s Foreign Trade (Merchandise): October, 2015



India’s Foreign Trade (Merchandise): October, 2015 


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.

(PROVISIONAL)



OCTOBER
APRIL-OCTOBER
EXPORTS(including re-exports)


2014-15
25891.39
187288.74
2015-16
21352.79
154292.24
%Growth2015-16/ 2014-15
-17.53
-17.62
IMPORTS


2014-15
39468.76
273558.19
2015-16
31120.06
232054.30
%Growth2015-16/ 2014-15
-21.15
-15.17
TRADE BALANCE


2014-15
-13577.37
-86269.45
2015-16
-9767.27
-77762.06



EXPORTS & IMPORTS  : (Rs. Crore)
(PROVISIONAL)


OCTOBER
APRIL-OCTOBER
EXPORTS(including re-exports)


2014-15
158822.95
1130539.38
2015-16
138916.98
992503.57
%Growth2015-16/ 2014-15
-12.53
-12.21
IMPORTS


2014-15
242109.24
1651512.80
2015-16
202460.88
1492679.30
%Growth2015-16/ 2014-15
-16.38
-9.62
TRADE BALANCE


2014-15
-83286.29
-520973.42
2015-16
-63543.90
-500175.73



INDIA’S FOREIGN TRADE (SERVICES): September, 2015
(As per the RBI Press Release dated 16th November, 2015)

A.    EXPORTS (Receipts)
Exports during September, 2015 were valued at US$ 13321 Million (Rs. 88208.73 Crore).

B.     IMPORTS (Payments)
Imports during September, 2015 were valued at US$ 7457 Million (Rs. 49378.61 Crore).

C.    TRADE BALANCE
The trade balance in Services (i.e. net export of Services) for September, 2015 was estimated at US$ 5864 Million.

(PROVISIONAL)


September 2015-16
EXPORTS (Receipts)
13321.00
IMPORTS (Payments)
7457.00
TRADE BALANCE
5864.00


EXPORTS & IMPORTS (SERVICES): (Rs. Crore)


(PROVISIONAL)
September 2015-16


EXPORTS (Receipts)
88208.73
IMPORTS (Payments)
49378.61
TRADE BALANCE
38830.12
Source: RBI Press Release dated 16th November 2015

*************
Index Numbers of Wholesale Price in India (Base: 2004-05=100) Review for the month of October, 2015 

The official Wholesale Price Index for ‘All Commodities’ (Base: 2004-05=100) for the month of October, 2015 rose by 0.1 percent to 176.7 (provisional) from 176.6 (provisional) for the previous month.

INFLATION

The annual rate of inflation, based on monthly WPI, stood at -3.81% (provisional) for the month of October, 2015 (over October, 2014) as compared to -4.54% (provisional) for the previous month and 1.66% during the corresponding month of the previous year.  Build up inflation rate in the financial year so far was 0.34% compared to a build up rate of 1.89% in the corresponding period of the previous year.

Inflation for important commodities / commodity groups is indicated in Annex-1 and Annex-II.
The movement of the index for the various commodity groups is summarized below:-

PRIMARY ARTICLES (Weight 20.12%)

The index for this major group remained unchanged at its previous month level 252.4 (provisional).  The groups and items which showed variations during the month are as follows:-

The index for  'Food Articles'  group rose by 0.3 percent to 264.9 (provisional) from 264.0 (provisional) for the previous month due to higher price of urad (17%), arhar (12%), gram (7%), moong (6%), barley (3%), jowar, masur, pork and condiments & spices (2% each) and wheat, tea and bajra (1% each).  However, the price of poultry chicken (8%), beef & buffalo meat and fish-marine (4% each), maize (2%) and coffee and fish-inland (1% each) declined.

The index for 'Non-Food Articles' group rose by 0.2 percent to 220.7 (provisional) from 220.2  (provisional) for the previous month due to higher price of soyabean (14%), raw jute (8%), cotton seed (6%), rape & mustard seed and flowers (4% each) and raw rubber and fodder (2% each).  However, the price of groundnut seed (9%), copra (coconut) and raw cotton (5% each), castor seed (4%) and guar seed and gingelly seed (1% each) declined.

The index for  'Minerals'  group declined by 5.0  percent to  222.5 (provisional) from 234.1 (provisional) for the previous month due to lower price of iron ore (10%), zinc concentrate (6%), crude petroleum (5%) and manganese ore (1%). However, the price of copper ore (3%) and sillimanite (2%) moved up.

FUEL & POWER (Weight 14.91%)

The index for this major group rose by 0.5 percent to 176.4 (provisional) from 175.6 (provisional) for the previous month due to higher price of aviation turbine fuel (7%) and high speed diesel (1%).  However, the price of bitumen (7%),      furnace oil (2%) and LPG (1%) declined.

MANUFACTURED PRODUCTS (Weight 64.97%)

The index for this major group remained unchanged at its previous month's level of 153.3 (provisional). The groups and items for which the index showed variations during the month are as follows:-

The index for 'Food Products' group rose by 0.8 percent to 174.3 (provisional) from 173.0 (provisional) for the previous month due to higher price of sooji (rawa) and soyabean oil (4% each), khandsari and oil cakes (3% each), mustard & rapeseed oil, gola (cattle feed), rice bran oil and cotton seed oil (2% each) and groundnut oil, maida, sunflower oil, mixed spices, sugar, wheat flour (atta), tea dust (blended) and gur (1% each).  However, the price of tea dust (unblended) (4%) and  bakery products, gingelly oil and tea leaf (unblended) (1% each) declined.


The index for 'Textiles' group declined by 0.5 percent to 139.4 (provisional) from 140.1 (provisional) for the previous month due to lower price of tyre cord fabric (3%) and cotton yarn, man made fibre, jute sacking bag and man made fabric (1% each).  However, the price of gunny and hessian cloth (2%) and jute sacking cloth (1%) moved up.

The index for 'Wood & Wood Products' group rose by 0.1 percent to 194.4 (provisional) from 194.2 (provisional) for the previous month due to higher price of processed wood (2%).

The index for 'Paper & Paper Products' group rose by 0.2 percent to 155.2 (provisional) from 154.9 (provisional) for the previous month due to higher price of paper pulp (2%) and kraft  paper & bags and corrugated sheet boxes (1% each).  However, the price of paper cartons/boxes (2%) and newsprint (1%) declined.

The index for 'Leather & Leather Products' group declined by 0.1 percent to 145.3 (provisional) from 145.4 (provisional) for the previous month due to lower price of foot wear/ safety boot (1%).  However, the prices of crome tanned leather, leather chappals/ sandals and leather handbags / wallets (1% each) moved up.

The index for 'Rubber & Plastic Products' group declined by  0.7  percent to 147.0 (provisional) from 148.0 (provisional) for the previous month due to lower price of rubber products and plastic products (1% each).

The index for 'Non-Metallic Mineral Products' group rose by 0.6 percent to 178.1 (provisional) from 177.0 (provisional) for the previous month due to higher price of marbles (18%).  However, the price of polished granite (2%) and glass bottles & bottleware (1%) declined.

The index for 'Basic Metals, Alloys & Metal Products' group declined by 0.5 percent to 154.1 (provisional) from 154.9 (provisional) for the previous month due to lower price of pencil  ingots (5%), angles, metal containers, iron castings,     rebars and joist & beams (2% each) and steel: pipes & tubes, rounds, wire rods, billets, ferro manganese, steel castings,     iron & steel wire, melting scrap, aluminium, nuts/bolts/screw/ washers, gp/gc sheets, steel rods and plates (1% each).  However, the price of pressure cooker (6%), silver (2%) and HRC, sheets, CRC and gold & gold ornaments (1% each) moved up.

The index for 'Transport, Equipment & Parts' group declined by 0.1 percent to 137.7 (provisional) from 137.8 (provisional) for the previous month due to lower price of  railway brake gear and motor cycle / scooter / moped (1% each).  However, the price of railway axle & wheel (2%) and auto rickshaw / tempo / matador (1%) moved up.


FINAL INDEX FOR THE MONTH OF AUGUST, 2015 (BASE YEAR: 2004-05=100)

For the month of August, 2015, the final Wholesale Price Index for ‘All Commodities’ (Base: 2004-05=100) stood at 176.5 as compared to 176.7 (provisional) and annual rate of inflation based on final index stood at -5.06 percent as compared to     -4.95 percent (provisional) respectively as reported on 14.09.2015.


Next date of press release: 14/12/2015 for the month of November, 2015
Office of Economic Adviser, Ministry of Commerce & Industry, New Delhi,



Annexure-I
Wholesale Price Index and Rates of Inflation (Base Year: 2004-05=100)






Month of October, 2015
Commodities/Major Groups/Groups/Sub-Groups
Weight
WPI Oct- 2015
Latest month over month
Build up from March
Year on year
2014-15
2015-16
2014-15
2015-16
2014-15
2015-16
ALL COMMODITIES
100.00000
176.7
-0.70
0.06
1.89
0.34
1.66
-3.81
PRIMARY ARTICLES
20.11815
252.4
-1.75
0.00
5.81
5.61
0.76
-0.36
Food Articles
14.33709
264.9
-1.37
0.34
10.23
6.26
2.74
2.44
Cereals
3.37323
234.8
-0.34
0.43
1.86
1.60
3.11
-0.25
Rice
1.79348
238.6
-0.12
0.13
6.42
2.14
6.47
-3.40
Wheat
1.11595
219.3
-0.14
1.15
-3.94
1.76
-1.92
4.68
Pulses
0.71662
364.4
-1.12
9.17
4.61
41.35
4.02
52.98
Vegetables
1.73553
304.0
-9.63
2.36
49.40
40.22
-19.37
2.56
Potato
0.20150
173.7
2.72
-1.14
119.68
14.88
82.84
-58.95
Onion
0.17794
629.2
-4.45
-16.99
39.12
89.23
-59.01
85.66
Fruits
2.10717
241.2
-2.65
-2.11
16.94
-1.07
18.98
-4.78
Milk
3.23818
250.7
0.45
0.04
7.08
1.37
11.39
1.75
Egg, Meat & Fish
2.41384
271.5
3.00
-2.48
-0.57
-6.41
-2.16
-3.42
Non-Food Articles
4.25756
220.7
-2.14
0.23
-3.54
8.93
-1.41
5.10
Fibres
0.87737
201.0
-7.53
-2.57
-14.05
3.93
-18.97
-1.95
Oil Seeds
1.78051
219.0
-3.20
0.88
-0.68
7.14
3.47
6.52
Minerals
1.52350
222.5
-3.77
-4.96
-6.14
-8.55
-8.73
-31.39
FUEL & POWER
14.91021
176.4
-1.22
0.46
-1.59
-6.17
0.48
-16.32
Liquefied petroleum gas
0.91468
160.0
-0.41
-0.93
-3.85
-1.66
-0.41
-5.83
Petrol
1.09015
159.7
-1.87
0.00
-8.33
-3.27
-7.03
-13.16
High speed diesel
4.67020
176.5
-1.16
1.38
3.46
-13.14
8.53
-26.21
MANUFACTURED PRODUCTS
64.97164
153.3
-0.06
0.00
1.10
-0.39
2.50
-1.67
Food Products
9.97396
174.3
-0.23
0.75
2.84
2.47
1.93
0.23
Sugar
1.73731
164.6
-0.98
1.11
5.02
-5.67
1.90
-14.54
Edible Oils
3.04293
150.0
0.07
1.35
-2.05
3.59
-2.84
4.53
Beverages, Tobacco & Tobacco Product
1.76247
206.2
-0.15
0.00
2.86
1.48
9.52
2.43
Cotton Textiles
2.60526
155.9
-0.92
-0.64
-1.58
-1.14
1.69
-3.94
Man Made Textiles
2.20573
130.3
-0.58
-1.06
1.93
-1.73
3.38
-5.31
Wood & Wood Products
0.58744
194.4
0.11
0.10
-0.16
2.48
4.41
3.90
Paper & Paper Products
2.03350
155.2
0.27
0.19
2.44
1.50
6.18
2.65
Leather & Leather Products
0.83509
145.3
-0.95
-0.07
0.14
2.11
0.69
-0.62
Rubber & Plastic Products
2.98697
147.0
-0.26
-0.68
0.73
-0.88
2.44
-2.65
Chemicals & Chemical Products
12.01770
150.8
-0.13
0.00
0.52
-0.07
2.88
-1.69
Non-Metallic Mineral Products
2.55597
178.1
0.63
0.62
5.19
-0.34
6.66
1.08
Cement & Lime
1.38646
173.7
0.35
0.06
5.61
-2.25
5.41
0.23
Basic Metals Alloys & Metal Product
10.74785
154.1
0.30
-0.52
-0.60
-4.82
1.22
-7.50
Iron & Semis
1.56301
137.1
0.70
-2.42
0.00
-7.92
3.52
-13.72
Machinery & Machine Tools
8.93148
134.9
0.00
0.00
1.28
-0.07
2.27
0.00
Transport Equipment & Parts
5.21282
137.7
0.07
-0.07
0.15
0.29
0.15
1.25






Annexure-II








Trend of Rate of Inflation for some important items during last six months








Commodities/Major Groups/Groups/Sub-Groups
Weight (%)
Rate of Inflation for the last six months
Oct-15
Sept-15
August-15
July-15
June-15
May-15
100.00
-3.81
-4.54
-5.06
-4.00
-2.13
-2.20
PRIMARY ARTICLES
20.12
-0.36
-2.09
-4.21
-3.98
-0.48
-1.05
Food Articles
14.34
2.44
0.69
-1.02
-1.20
3.12
2.74
Cereals
3.37
-0.25
-1.02
-1.98
-1.66
-0.39
0.04
Rice
1.79
-3.40
-3.64
-3.89
-2.86
-1.62
-1.43
Wheat
1.12
4.68
3.34
2.09
1.96
1.84
2.60
Pulses
0.72
52.98
38.56
36.49
36.18
36.78
23.10
Vegetables
1.74
2.56
-9.45
-20.03
-24.43
-6.82
-4.99
Potato
0.20
-58.95
-57.34
-51.76
-48.87
-51.60
-50.71
Onion
0.18
85.66
113.70
74.44
-0.49
19.07
22.15
Fruits
2.11
-4.78
-5.30
-1.42
-4.52
7.60
6.69
Milk
3.24
1.75
2.16
2.08
5.30
5.18
6.89
Egg, Meat & Fish
2.41
-3.42
2.02
3.30
2.52
-2.25
-4.04
Non-Food Articles
4.26
5.10
2.61
-0.46
-0.51
1.16
-0.96
Fibres
0.88
-1.95
-6.95
-9.09
-10.88
-11.63
-12.08
Oil Seeds
1.78
6.52
2.21
-2.20
-0.23
3.06
-0.64
Minerals
1.52
-31.39
-30.53
-34.35
-29.83
-27.64
-26.50
FUEL & POWER
14.91
-16.32
-17.71
-16.21
-11.56
-8.86
-9.43
Liquefied petroleum gas
0.91
-5.83
-5.33
-5.32
-4.90
-4.85
-4.95
Petrol
1.09
-13.16
-14.78
-13.82
-11.14
-7.10
-9.20
High speed diesel
4.67
-26.21
-28.06
-25.37
-15.91
-9.86
-9.77
MANUFACTURED PRODUCTS
64.97
-1.67
-1.73
-1.99
-1.54
-0.77
-0.52
Food Products
9.97
0.23
-0.75
-2.11
-1.94
-0.46
-0.29
Sugar
1.74
-14.54
-16.30
-18.44
-17.63
-13.26
-11.17
Edible Oils
3.04
4.53
3.21
1.17
1.37
2.83
0.82
Beverages, Tobacco & Tobacco Product
1.76
2.43
2.28
2.13
3.15
3.99
4.20
Cotton Textiles
2.61
-3.94
-4.21
-5.02
-5.29
-4.96
-5.38
Man Made Textiles
2.21
-5.31
-4.84
-3.49
-2.63
-1.03
-0.81
Wood & Wood Products
0.59
3.90
3.91
4.36
6.14
5.24
5.14
Paper & Paper Products
2.03
2.65
2.72
3.00
2.67
2.54
2.61
Leather & Leather Products
0.84
-0.62
-1.49
-0.75
-1.89
-0.96
-0.14
Rubber & Plastic Products
2.99
-2.65
-2.25
-1.85
-0.93
-0.33
-0.47
Chemicals & Chemical Products
12.02
-1.69
-1.82
-1.88
-1.69
-1.17
-1.18
Non-Metallic Mineral Products
2.56
1.08
1.09
2.75
3.48
4.62
4.88
Cement & Lime
1.39
0.23
0.52
2.51
2.47
4.95
5.19
Basic Metals Alloys & Metal Product
10.75
-7.50
-6.74
-7.50
-6.28
-4.91
-4.01
Iron & Semis
1.56
-13.72
-10.96
-12.31
-10.64
-9.67
-7.91
Machinery & Machine Tools
8.93
0.00
0.00
0.30
0.30
0.52
0.90
Transport Equipment & Parts
5.21
1.25
1.40
1.10
1.25
1.18
1.40


*************


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