INDIA’S FOREIGN TRADE: August 2017
INDIA’S FOREIGN TRADE: August
2017
I. MERCHANDISE TRADE
EXPORTS (including re-exports)
In continuation with the positive growth exhibited
by exports for the last twelve months, exports during August 2017 have shown
growth of 10.29 per cent in dollar terms valued at US $ 23818.83 million as
compared to US $ 21597.09 million during August,2016. In Rupee terms, during
August 2017 exports were valued at Rs.152365.23 crore as compared to
Rs.144570.03 crore during August,2016, registering a positive growth of 5.39
per cent.
During August 2017, Major commodity groups of
export showing positive growth over the corresponding month of last year are
Engineering Goods (19.53%), Petroleum Products (36.56%), Organic &
Inorganic Chemicals (32.41%), Drugs & Pharmaceuticals (4.21%), and RMG of
all Textiles (0.56%)
Cumulative value of exports for the period
April-August 2017-18 was US $ 118574.96 million (Rs
763145.37 crore) as against US $ 109215.44 million (Rs
731420.12crore) registering a positive growth of 8.57 per cent in Dollar terms
and 4.34 per cent in Rupee terms over the same period last year.
Non-petroleum and Non Gems & Jewellery exports
in August 2017 were valued at US $ 17742.94 million against US $ 15500.73
million in August 2016, an increase of 14.47%. Non-petroleum and Non Gems and
Jewellery exports during April -August 2017-18 were valued at US $ 87438.57
million as compared to US $ 79622.79 million for the corresponding period in
2016-17, an increase of 9.82%.
IMPORTS
Imports during August 2017 were valued at US $
35462.79 million (Rs 226849.74 crore) which was 21.02 per cent higher in Dollar
terms and 15.65 per cent higher in Rupee terms over the level of imports valued
at US $ 29303.20 million (Rs. 196154.44 crore) in August, 2016. Cumulative
value of imports for the period April-August 2017-18 was US $ 181719.50 million
(Rs. 1169589.74 crore) as against US $ 143500.87 million (Rs. 961178.43 crore)
registering a positive growth of 26.63 per cent in Dollar terms and 21.68 per
cent in Rupee terms over the same period last year.
Major commodity group of imports showing high
growth in August 2017 over the corresponding month of last year are Petroleum,
Crude & products (14.22%), Electronic goods (27.44%), Machinery, electrical
& non-electrical (18.35%), Gold (68.90%) and Pearls, precious &
Semi-precious stones (30.88%).
CRUDE OIL AND NON-OIL IMPORTS:
Oil imports during August, 2017 were valued at US $
7754.75 million which was 14.22 percent higher than oil imports valued at US $
6789.47 million in August 2016. Oil imports during April-August, 2017-18 were
valued at US $ 38777.18 million which was 18.89 per cent higher than the oil
imports of US $ 32615.97million in the corresponding period last year.
In this connection it is mentioned that the global
Brent prices ($/bbl) have increased by 11.34 % in August 2017 vis-à-vis August
2016 as per World Bank commodity price data (The pink sheet).
Non-oil imports during August, 2017 were estimated
at US $ 27708.04 million which was 23.07 per cent higher than non-oil imports
of US $ 22513.73 million in August, 2016. Non-oil imports during April-August 2017-18
were valued at US $ 142942.32 million which was 28.91 per cent higher than the
level of such imports valued at US $ 110884.90 million in April-August,
2016-17.
II. TRADE IN SERVICES (for July, 2017, as per the
RBI Press Release dated 15th September, 2017)
EXPORTS (Receipts)
Exports during July 2017 were valued at US $ 13178
Million (Rs. 84939.99 Crore) registering a negative growth of 1.57 per cent in
dollar terms as compared to negative growth of 0.31per cent during June 2017
(as per RBI’s Press Release for the respective months).
IMPORTS (Payments)
Imports during July 2017 were valued at US $ 7,334
Million (Rs. 47271.96 Crore) registering a negative growth of 1.65 per cent in
dollar terms as compared to negative growth of 2.07 per cent during June 2017
(as per RBI’s Press Release for the respective months).
III.TRADE BALANCE
MERCHANDISE: The trade deficit
for August 2017 was estimated at US $ 11643.96 million as against the deficit
of US $ 7706.11 million during August 2016.
SERVICES: As per RBI’s Press Release dated 15th
September 2017, the trade balance in Services (i.e. net export of Services) for
July, 2017 was estimated at US $ 5,844 million.
OVERALL TRADE BALANCE: Taking
merchandise and services together, overall trade deficit for April-August
2017-18 is estimated at US $ 39872.54 million as compared to US $ 12723.43
million during April-August 2016-17. (Services data pertains to April-July
2017-18 as July 2017 is the latest data available as per RBI’s Press Release
dated 15th September 2017)
MERCHANDISE
TRADE
|
(PROVISIONAL)
|
|
|
|
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AUGUST
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APRIL-AUGUST
|
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EXPORTS(including re-exports)
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||
|
2016-17
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21597.09
|
109215.44
|
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2017-18
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23818.83
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118574.96
|
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%Growth 2017-18/ 2016-17
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10.29
|
8.57
|
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IMPORTS
|
|
|
|
2016-17
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29303.20
|
143500.87
|
|
2017-18
|
35462.79
|
181719.50
|
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%Growth 2017-18/ 2016-17
|
21.02
|
26.63
|
|
TRADE BALANCE
|
|
|
|
2016-17
|
-7706.11
|
-34285.43
|
|
2017-18
|
-11643.96
|
-63144.54
|
|
|
|
|
|
EXPORTS & IMPORTS : (Rs. Crore)
|
|
|
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(PROVISIONAL)
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AUGUST
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APRIL-AUGUST
|
|
EXPORTS(including re-exports)
|
|
|
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2016-17
|
144570.03
|
731420.12
|
|
2017-18
|
152365.23
|
763145.37
|
|
%Growth 2017-18/ 2016-17
|
5.39
|
4.34
|
|
IMPORTS
|
|
|
|
2016-17
|
196154.44
|
961178.43
|
|
2017-18
|
226849.74
|
1169589.74
|
|
%Growth 2017-18/ 2016-17
|
15.65
|
21.68
|
|
TRADE BALANCE
|
|
|
|
2016-17
|
-51584.41
|
-229758.31
|
|
2017-18
|
-74484.51
|
-406444.37
|
SERVICES
TRADE
|
EXPORTS & IMPORTS (SERVICES) : (US $ Million)
|
|
|
(Provisional)
|
July 2017
|
|
EXPORTS (Receipts)
|
13178
|
|
IMPORTS (Payments)
|
7334
|
|
TRADE BALANCE
|
5844
|
|
EXPORTS & IMPORTS (SERVICES): (Rs. Crore)
|
|
|
(Provisional)
|
July 2017
|
|
EXPORTS (Receipts)
|
84939.99
|
|
IMPORTS (Payments)
|
47271.96
|
|
TRADE BALANCE
|
37668.03
|
|
Source: RBI Press Release dated 15th September,2017
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1
QUICK
ESTIMATES FOR SELECTED MAJOR COMMODITIES FOR AUGUST
2017
TRADE: EXPORT
Sl. No.
Commodities (Values in Rs. crores) % change
AUG'16
AUG'17 AUG'17
1 Tea
457.76 521.61 13.95
2 Coffee
392.71 545.74 38.97
3 Rice
2884.87 3767.63 30.60
4 Other
cereals 93.98 79.48 -15.42
5 Tobacco
419.04 536.19 27.96
6 Spices
1486.22 1637.39 10.17
7 Cashew
405.05 550.75 35.97
8 Oil Meals
262.94 603.55 129.54
9 Oil seeds
386.82 523.20 35.26
10 Fruits
& Vegetables 1208.92 1049.24 -13.21
11 Cereal
preparations & miscellaneous
processed
items 765.19 732.20 -4.31
12 Marine
Products 3453.99 4230.94 22.49
13 Meat,
dairy & poultry products 2752.80 2694.72 -2.11
14 Iron Ore
558.77 835.53 49.53
15 Mica,
Coal & Other Ores, Minerals
including
processed minerals 1816.98 1779.32 -2.07
16 Leather
& leather products 3005.06 2930.17 -2.49
17 Ceramic
products & glassware 1007.47 1155.29 14.67
18 Gems
& Jewellery 24153.24 17131.47 -29.07
19 Drugs
& Pharmaceuticals 9144.88 9106.54 -0.42
20 Organic
& Inorganic Chemicals 7479.25 9463.86 26.53
21
Engineering Goods 33637.36 38421.63 14.22
22
Electronic Goods 3135.42 3072.64 -2.00
23 Cotton
Yarn/Fabs./made-ups, Handloom
Products
etc. 5022.83 5372.06 6.95
24 Man-made
Yarn/Fabs./made-ups etc. 2524.66 2581.86 2.27
25 RMG of
all Textiles 8904.32 8556.35 -3.91
26 Jute
Mfg. including Floor Covering 160.44 230.23 43.50
27 Carpet
750.54 844.43 12.51
28
Handicrafts excl. handmade carpet 993.28 946.71 -4.69
29
Petroleum Products 16655.57 21735.03 30.50
30 Plastic
& Linoleum 3208.91 3466.56 8.03
Sub-Total
137129.27 145102.32 5.81
GRAND TOTAL
144570.03 152365.23 5.39
Note: The
figures for AUGUST'17 and AUGUST'16 are provisional and subject to change
2
QUICK ESTIMATES
FOR SELECTED MAJOR COMMODITIES FOR AUGUST
2017
TRADE:
EXPORT
Sl. No.
Commodities (Values in Million USD) % change
AUG'16
AUG'17 AUG'17
1 Tea 68.38
81.54 19.25
2 Coffee
58.67 85.31 45.41
3 Rice
430.97 588.98 36.66
4 Other
cereals 14.04 12.42 -11.54
5 Tobacco
62.60 83.82 33.90
6 Spices
222.02 255.97 15.29
7 Cashew
60.51 86.10 42.29
8 Oil Meals
39.28 94.35 140.20
9 Oil seeds
57.79 81.79 41.53
10 Fruits
& Vegetables 180.60 164.02 -9.18
11 Cereal
preparations & miscellaneous
processed
items 114.31 114.46 0.13
12 Marine
Products 515.99 661.41 28.18
13 Meat,
dairy & poultry products 411.24 421.26 2.44
14 Iron Ore
83.47 130.62 56.49
15 Mica,
Coal & Other Ores, Minerals
including
processed minerals 271.44 278.16 2.48
16 Leather
& leather products 448.92 458.07 2.04
17 Ceramic
products & glassware 150.50 180.60 20.00
18 Gems
& Jewellery 3608.21 2678.11 -25.78
19 Drugs
& Pharmaceuticals 1366.14 1423.60 4.21
20 Organic
& Inorganic Chemicals 1117.31 1479.46 32.41
21 Engineering
Goods 5025.03 6006.35 19.53
22
Electronic Goods 468.40 480.34 2.55
23 Cotton
Yarn/Fabs./made-ups,
Handloom
Products etc. 750.35 839.80 11.92
24 Man-made
Yarn/Fabs./made-ups etc. 377.16 403.61 7.01
25 RMG of
all Textiles 1330.20 1337.59 0.56
26 Jute Mfg.
including Floor Covering 23.97 35.99 50.15
27 Carpet
112.12 132.01 17.74
28
Handicrafts excl. handmade carpet 148.38 148.00 -0.26
29
Petroleum Products 2488.15 3397.78 36.56
30 Plastic
& Linoleum 479.37 541.92 13.05
Sub-Total
20485.52 22683.44 10.73
GRAND TOTAL
21597.09 23818.83 10.29
Note: The
figures for AUGUST'17 and AUGUST'16 are provisional and subject to change
3
QUICK
ESTIMATES FOR SELECTED MAJOR COMMODITIES FOR AUGUST
2017
TRADE:
IMPORT
Sl. No.
Commodities (Values in Rs. crores) % change
AUG'16 AUG'17
AUG'17
1 Cotton
Raw & Waste 955.59 978.06 2.35
2 Vegetable
Oil 6311.73 6676.30 5.78
3 Pulses
1791.07 2073.78 15.78
4 Fruits
& vegetables 804.43 900.57 11.95
5 Pulp and
Waste paper 493.08 756.91 53.51
6 Textile
yarn Fabric, made-up articles 889.55 907.42 2.01
7
Fertilisers, Crude & manufactured 4713.10 3311.36 -29.74
8 Sulphur
& Unroasted Iron Pyrites 96.98 102.74 5.94
9
Metalliferous ores & other minerals 2817.46 4598.64 63.22
10 Coal,
Coke & Briquettes, etc. 7060.04 10146.30 43.71
11
Petroleum, Crude & products 45448.47 49605.91 9.15
12 Wood
& Wood products 2881.98 3354.06 16.38
13 Leather
& leather products 603.58 558.44 -7.48
14 Organic
& Inorganic Chemicals 10113.94 10020.81 -0.92
15
Dyeing/tanning/colouring materials. 1179.90 1412.16 19.69
16
Artificial resins, plastic materials, etc. 6884.98 7672.98 11.45
17 Chemical
material & products 2935.07 3288.07 12.03
18
Newsprint 470.64 555.84 18.10
19 Pearls,
precious & Semi-precious stones 9500.03 11881.49 25.07
20 Iron
& Steel 6488.21 8797.79 35.60
21
Non-ferrous metals 5611.65 6422.49 14.45
22 Machine
tools 1583.43 1700.22 7.38
23
Machinery, electrical & non-electrical 14846.21 16790.28 13.09
24
Transport equipment 9132.54 7850.35 -14.04
25 Project
goods 993.59 1200.94 20.87
26
Professional instrument, Optical goods, etc. 2018.32 2246.22 11.29
27
Electronic goods 24298.88 29592.57 21.79
28
Medicinal & Pharmaceutical products 2946.36 2655.22 -9.88
29 Gold
7488.27 12086.15 61.40
30 Silver
872.34 1724.23 97.65
Sub-Total
182231.41 209868.30 15.17
GRAND TOTAL
196154.44 226849.74 15.65
Note: The
figures for AUGUST'17 and AUGUST'16 are provisional and subject to change
4
QUICK
ESTIMATES FOR SELECTED MAJOR COMMODITIES FOR AUGUST
2017
TRADE:
IMPORT
Sl. No.
Commodities (Values in Million USD) % change
AUG'16
AUG'17 AUG'17
1 Cotton
Raw & Waste 142.75 152.90 7.11
2 Vegetable
Oil 942.90 1043.69 10.69
3 Pulses
267.56 324.19 21.17
4 Fruits
& vegetables 120.17 140.78 17.15
5 Pulp and
Waste paper 73.66 118.33 60.64
6 Textile
yarn Fabric, made-up articles 132.89 141.85 6.74
7
Fertilisers, Crude & manufactured 704.08 517.66 -26.48
8 Sulphur
& Unroasted Iron Pyrites 14.49 16.06 10.84
9
Metalliferous ores & other minerals 420.90 718.89 70.80
10 Coal,
Coke & Briquettes, etc. 1054.69 1586.14 50.39
11
Petroleum, Crude & products 6789.47 7754.75 14.22
12 Wood
& Wood products 430.53 524.33 21.79
13 Leather
& leather products 90.17 87.30 -3.18
14 Organic
& Inorganic Chemicals 1510.91 1566.53 3.68
15
Dyeing/tanning/colouring materials. 176.26 220.76 25.25
16
Artificial resins, plastic materials, etc. 1028.54 1199.50 16.62
17 Chemical
material & products 438.46 514.01 17.23
18
Newsprint 70.31 86.89 23.58
19 Pearls,
precious & Semi-precious stones 1419.19 1857.40 30.88
20 Iron
& Steel 969.26 1375.33 41.89
21
Non-ferrous metals 838.32 1004.01 19.76
22 Machine
tools 236.55 265.79 12.36
23
Machinery, electrical & non-electrical 2217.85 2624.78 18.35
24
Transport equipment 1364.29 1227.22 -10.05
25 Project
goods 148.43 187.74 26.48
26
Professional instrument, Optical goods, etc. 301.51 351.15 16.46
27
Electronic goods 3629.97 4626.12 27.44
28
Medicinal & Pharmaceutical products 440.15 415.08 -5.70
29 Gold
1118.66 1889.39 68.90
30 Silver
130.32 269.54 106.83
Sub-Total
27223.24 32808.11 20.52
GRAND TOTAL
29303.20 35462.78 21.02
Note: The
figures for AUGUST'17 and AUGUST'16 are provisional and subject to change.
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