INDIA’S FOREIGN TRADE: May 2018
INDIA’S FOREIGN TRADE: May 2018
I. MERCHANDISE TRADE
EXPORTS (including
re-exports)
Exports during May
2018 were valued at US $ 28.86 Billion as compared to US $ 24.01 Billion during
May 2017 exhibiting a positive growth of 20.18 per cent. In Rupee terms,
exports were valued at Rs. 194928.45 crore in May 2018 as compared to Rs.
154713.69 crore during May 2017, registering a positive growth of 25.99 per
cent.
During May 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-May2018-19 was US$54.77Billion (Rs364981.41crore)
as against US $48.65 Billion (Rs313627.48 crore) registering a positive growth
of 12.58 per cent in Dollar terms and 16.37 per cent in Rupee terms over the
same period last year.
Non-petroleum and Non
Gems and Jewelleryexports during May 2018 were valued at US $ 19.94 Billion as
compared to US $ 17.51 Billion during May 2017 exhibiting a positive growth of
13.85 per cent. Non-petroleum and Non Gems andJewellery exports during
April-May2018-19 were valued at US$ 39.74Billion as compared to US$
35.23Billion for the corresponding period in 2017-18, an increase of 12.78%.
IMPORTS
Imports during May
2018 were valued at US$ 43.48 Billion (Rs293660.48 crore) which was 14.85 per
cent higher in Dollar terms and 20.41 per cent higher in Rupee terms over the
level of imports valued at US$ 37.86 Billion (Rs. 243888.74crore) in May 2017.
Cumulative value of imports for the period April-May2018-19 was US$ 83.11
Billion (Rs. 553745.15 crore) as against US$ 75.74 Billion (Rs. 488269.26crore)
registering a positive growth of 9.72 per cent in Dollar terms and 13.41 per
cent in Rupee terms over the same period last year.
Major commodity
groups of import showing high growth in May 2018 over the corresponding month
of last year are:
CRUDE OIL AND NON-OIL
IMPORTS:
Oil imports during
May 2018 were valued at US$ 11.50Billion(Rs. 77654.11 crore) which was 49.46
percent higher in Dollar terms and 56.69 percent higher in Rupee terms compared
to US$ 7.69 Billion (Rs. 49560.16 crore) in May 2017.Oil imports during
April-May2018-19 were valued at US$ 21.91 Billion (Rs. 145998.35 crore) which
was 45.56 per cent higher in Dollar terms and 50.46 percent higher in Rupee
terms compared to US$ 15.05 Billion (Rs. 97032.66 crore) in the corresponding
period last year.
In this connection it
is mentioned that the global Brent prices ($/bbl) have increased by 50.68% in
May 2018 vis-à-vis May 2017 as per World Bank commodity price data (The pink
sheet).
Non-oil imports
during May 2018 were estimated at US$ 31.98 Billion(Rs.216006.37 crore) which
was 6.03 per cent higherin Dollar terms and 11.16 percent higher in Rupee terms
compared to US$ 30.16Billion (Rs. 194328.58 crore) in May 2017.Non-oil imports
during April-May2018-19 were valued at US$ 61.19 Billion(Rs.407746.80 crore)
which was 0.83 per cent higher in Dollar terms and 4.22 percent higher in Rupee
terms compared to US$ 60.69 Billion (Rs. 391236.60 crore in April-May, 2017-18.
Non-Oil and Non-Gold
imports in May 2018 valued at US $ 28.50 billion has recorded a positive
growth of 13.09% as compared to Non-Oil and non-Gold import in May 2017.
Non-Oil and Non-Gold imports in April-May 2018 valued at US $ 55.14 billion has
recorded a positive growth of 6.28 % as compared to Non-Oil and Non-Gold import
in April-May 2017.
II. TRADE IN SERVICES
(for April, 2018, as per the RBI Press Release dated 15th June 2018)
EXPORTS (Receipts)
Exports during
April2018 were valued at US$ 17.56 Billion (Rs. 115277.03 Crore) registering
apositive growth of 4.33per cent in dollar terms as compared to positive growth
of 7.16per cent during March 2018(as per RBI’s Press Release for the respective
months).
IMPORTS (Payments)
Imports during
April2018 were valued at US$ 10.92Billion (Rs. 71642.02Crore) registering a
positivegrowth of 6.18per cent in dollar terms as compared topositivegrowth of
1.35per cent during March2018(as per RBI’s Press Release for the respective
months).
III.TRADE BALANCE
MERCHANDISE: The trade deficit
for May 2018 was estimated at US$ 14.62 Billionas against the deficit of US$
13.84 Billion during May 2017.
SERVICES: As per RBI’s Press
Release dated 15th June 2018, the trade balance in Services (i.e. net export of
Services) for April,2018 was estimated at US$ 6.65Billion.
OVERALL TRADE
BALANCE:Taking merchandise and services together, overall trade deficit for
April-May2018-19 is estimated at US$ 21.69 Billion as compared to US$ 21.41
Billion during April-May2017-18. (Services data pertains to April 2018 as it is
the latest data available as per RBI’s Press Release dated 15th June 2018)
MERCHANDISE TRADE
|
(PROVISIONAL)
|
||
|
|
MAY
|
APRIL-MAY
|
|
EXPORTS (including re-exports)
|
|
|
|
2017-18
|
24.01
|
48.65
|
|
2018-19
|
28.86
|
54.77
|
|
%Growth 2018-19/ 2017-18
|
20.18
|
12.58
|
|
IMPORTS
|
|
|
|
2017-18
|
37.86
|
75.74
|
|
2018-19
|
43.48
|
83.11
|
|
%Growth 2018-19/ 2017-18
|
14.85
|
9.72
|
|
TRADE BALANCE
|
|
|
|
2017-18
|
-13.84
|
-27.09
|
|
2018-19
|
-14.62
|
-28.34
|
|
EXPORTS & IMPORTS: (Rs. Crore)
|
||
|
(PROVISIONAL)
|
||
|
|
MAY
|
APRIL-MAY
|
|
EXPORTS(including re-exports)
|
|
|
|
2017-18
|
154713.69
|
313627.48
|
|
2018-19
|
194928.45
|
364981.41
|
|
%Growth 2018-19/ 2017-18
|
25.99
|
16.37
|
|
IMPORTS
|
|
|
|
2017-18
|
243888.74
|
488269.26
|
|
2018-19
|
293660.48
|
553745.15
|
|
%Growth 2018-19/ 2017-18
|
20.41
|
13.41
|
|
TRADE BALANCE
|
|
|
|
2017-18
|
-89175.05
|
-174641.78
|
|
2018-19
|
-98732.03
|
-188763.74
|
SERVICES TRADE
|
EXPORTS
& IMPORTS (SERVICES) : (US $ Billion)
|
|
|
(Provisional)
|
April 2018
|
|
EXPORTS
(Receipts)
|
17.56
|
|
IMPORTS
(Payments)
|
10.92
|
|
TRADE
BALANCE
|
6.65
|
|
EXPORTS
& IMPORTS (SERVICES): (Rs. Crore)
|
|
|
(Provisional)
|
April 2018
|
|
EXPORTS
(Receipts)
|
115277.03
|
|
IMPORTS
(Payments)
|
71642.02
|
|
TRADE
BALANCE
|
43635.01
|
|
Source:
RBI Press Release dated 15th June, 2018
|
|
QUICK ESTIMATES FOR SELECTED MAJOR COMMODITIES FOR MAY 2018
TRADE: EXPORT
|
Sl. No.
|
Commodities
|
(Values in Rs. crores)
|
% change
|
|
|
MAY'17
|
MAY'18
|
MAY'18
|
||
|
1
|
Tea
|
319.44
|
369.54
|
15.68
|
|
2
|
Coffee
|
557.80
|
576.67
|
3.38
|
|
3
|
Rice
|
4121.53
|
4979.26
|
20.81
|
|
4
|
Other cereals
|
93.00
|
286.87
|
208.46
|
|
5
|
Tobacco
|
468.24
|
570.09
|
21.75
|
|
6
|
Spices
|
1660.74
|
1856.89
|
11.81
|
|
7
|
Cashew
|
540.25
|
357.66
|
-33.80
|
|
8
|
Oil Meals
|
425.10
|
563.00
|
32.44
|
|
9
|
Oil seeds
|
450.78
|
604.23
|
34.04
|
|
10
|
Fruits & Vegetables
|
1127.83
|
1200.68
|
6.46
|
|
11
|
Cereal preparations & miscellaneous processed items
|
711.71
|
787.19
|
10.61
|
|
12
|
Marine Products
|
3523.30
|
3772.84
|
7.08
|
|
13
|
Meat, dairy & poultry products
|
2033.38
|
2443.47
|
20.17
|
|
14
|
Iron Ore
|
727.78
|
577.49
|
-20.65
|
|
15
|
Mica, Coal & Other Ores, Minerals including processed minerals
|
1972.43
|
2345.01
|
18.89
|
|
16
|
Leather & leather products
|
2691.26
|
2876.47
|
6.88
|
|
17
|
Ceramic products & glassware
|
1127.37
|
1378.20
|
22.25
|
|
18
|
Gems &Jewellery
|
25374.08
|
24878.83
|
-1.95
|
|
19
|
Drugs & Pharmaceuticals
|
7784.87
|
10255.98
|
31.74
|
|
20
|
Organic & Inorganic Chemicals
|
8274.89
|
11642.21
|
40.69
|
|
21
|
Engineering Goods
|
40111.96
|
48262.65
|
20.32
|
|
22
|
Electronic Goods
|
3275.68
|
4076.60
|
24.45
|
|
23
|
Cotton Yarn/Fabs./made-ups, Handloom Products etc.
|
4860.78
|
6354.49
|
30.73
|
|
24
|
Man-made Yarn/Fabs./made-ups etc.
|
2396.60
|
2828.58
|
18.02
|
|
25
|
RMG of all Textiles
|
10342.55
|
9040.63
|
-12.59
|
|
26
|
Jute Mfg. including Floor Covering
|
162.54
|
181.27
|
11.52
|
|
27
|
Carpet
|
788.53
|
826.18
|
4.77
|
|
28
|
Handicrafts excl. handmade carpet
|
974.70
|
998.62
|
2.45
|
|
29
|
Petroleum Products
|
16503.70
|
35375.76
|
114.35
|
|
30
|
Plastic & Linoleum
|
3220.08
|
4592.45
|
42.62
|
|
|
Sub-Total
|
146622.90
|
184859.81
|
26.08
|
|
|
GRAND TOTAL
|
154713.69
|
194928.45
|
25.99
|
Note: The figures for
MAY'18 and MAY'17 are provisional and subject to change
QUICK ESTIMATES FOR
SELECTED MAJOR COMMODITIES FOR MAY 2018
TRADE: EXPORT
|
Sl. No.
|
Commodities
|
(Values in Million USD)
|
% change
|
|
|
MAY'17
|
MAY'18
|
MAY'18
|
||
|
1
|
Tea
|
49.58
|
54.71
|
10.35
|
|
2
|
Coffee
|
86.58
|
85.38
|
-1.39
|
|
3
|
Rice
|
639.74
|
737.24
|
15.24
|
|
4
|
Other cereals
|
14.44
|
42.47
|
194.11
|
|
5
|
Tobacco
|
72.68
|
84.41
|
16.14
|
|
6
|
Spices
|
257.78
|
274.93
|
6.65
|
|
7
|
Cashew
|
83.86
|
52.96
|
-36.85
|
|
8
|
Oil Meals
|
65.98
|
83.36
|
26.34
|
|
9
|
Oil seeds
|
69.97
|
89.46
|
27.85
|
|
10
|
Fruits & Vegetables
|
175.06
|
177.77
|
1.55
|
|
11
|
Cereal preparations & miscellaneous processed items
|
110.47
|
116.55
|
5.50
|
|
12
|
Marine Products
|
546.89
|
558.61
|
2.14
|
|
13
|
Meat, dairy & poultry products
|
315.62
|
361.78
|
14.63
|
|
14
|
Iron Ore
|
112.97
|
85.50
|
-24.32
|
|
15
|
Mica, Coal & Other Ores, Minerals including processed minerals
|
306.16
|
347.21
|
13.41
|
|
16
|
Leather & leather products
|
417.74
|
425.90
|
1.95
|
|
17
|
Ceramic products & glassware
|
174.99
|
204.06
|
16.61
|
|
18
|
Gems &Jewellery
|
3938.56
|
3683.60
|
-6.47
|
|
19
|
Drugs & Pharmaceuticals
|
1208.37
|
1518.52
|
25.67
|
|
20
|
Organic & Inorganic Chemicals
|
1284.43
|
1723.77
|
34.21
|
|
21
|
Engineering Goods
|
6226.17
|
7145.85
|
14.77
|
|
22
|
Electronic Goods
|
508.45
|
603.59
|
18.71
|
|
23
|
Cotton Yarn/Fabs./made-ups, Handloom Products etc.
|
754.49
|
940.86
|
24.70
|
|
24
|
Man-made Yarn/Fabs./made-ups etc.
|
372.00
|
418.80
|
12.58
|
|
25
|
RMG of all Textiles
|
1605.37
|
1338.57
|
-16.62
|
|
26
|
Jute Mfg. including Floor Covering
|
25.23
|
26.84
|
6.38
|
|
27
|
Carpet
|
122.40
|
122.33
|
-0.06
|
|
28
|
Handicrafts excl. handmade carpet
|
151.29
|
147.86
|
-2.27
|
|
29
|
Petroleum Products
|
2561.70
|
5237.80
|
104.47
|
|
30
|
Plastic & Linoleum
|
499.82
|
679.97
|
36.04
|
|
|
Sub-Total
|
22758.79
|
27370.66
|
20.26
|
|
|
GRAND TOTAL
|
24014.62
|
28861.44
|
20.18
|
Note 1: Exports
include Re-Exports.
Note 2: The figures
for MAY'18 and MAY'17 are provisional and subject to change
QUICK ESTIMATES FOR
SELECTED MAJOR COMMODITIES FOR MAY 2018
TRADE: IMPORT
|
Sl. No.
|
Commodities
|
(Values in Rs. crores)
|
% change
|
|
|
MAY'17
|
MAY'18
|
MAY'18
|
||
|
1
|
Cotton Raw & Waste
|
741.54
|
488.72
|
-34.09
|
|
2
|
Vegetable Oil
|
6967.61
|
6228.01
|
-10.61
|
|
3
|
Pulses
|
1906.36
|
268.79
|
-85.90
|
|
4
|
Fruits & vegetables
|
1166.29
|
1206.93
|
3.48
|
|
5
|
Pulp and Waste paper
|
669.64
|
637.78
|
-4.76
|
|
6
|
Textile yarn Fabric, made-up articles
|
1022.67
|
1088.50
|
6.44
|
|
7
|
Fertilisers, Crude & manufactured
|
3182.43
|
5787.40
|
81.85
|
|
8
|
Sulphur& Unroasted Iron Pyrites
|
48.17
|
48.29
|
0.25
|
|
9
|
Metalliferous ores & other minerals
|
3924.94
|
3503.03
|
-10.75
|
|
10
|
Coal, Coke & Briquettes, etc.
|
11893.80
|
14698.71
|
23.58
|
|
11
|
Petroleum, Crude & products
|
49560.16
|
77654.11
|
56.69
|
|
12
|
Wood & Wood products
|
3185.20
|
3497.59
|
9.81
|
|
13
|
Leather & leather products
|
551.88
|
590.42
|
6.98
|
|
14
|
Organic & Inorganic Chemicals
|
10542.33
|
14175.44
|
34.46
|
|
15
|
Dyeing/tanning/colouring materials.
|
1532.48
|
1914.13
|
24.90
|
|
16
|
Artificial resins, plastic materials, etc.
|
7842.39
|
9191.99
|
17.21
|
|
17
|
Chemical material & products
|
3500.84
|
4640.03
|
32.54
|
|
18
|
Newsprint
|
483.12
|
509.64
|
5.49
|
|
19
|
Pearls, precious & Semi-precious stones
|
19021.51
|
15001.87
|
-21.13
|
|
20
|
Iron & Steel
|
6835.40
|
9968.04
|
45.83
|
|
21
|
Non-ferrous metals
|
6623.43
|
8365.57
|
26.30
|
|
22
|
Machine tools
|
1603.58
|
2664.81
|
66.18
|
|
23
|
Machinery, electrical & non-electrical
|
15884.76
|
21791.83
|
37.19
|
|
24
|
Transport equipment
|
6679.73
|
8377.98
|
25.42
|
|
25
|
Project goods
|
985.18
|
1530.57
|
55.36
|
|
26
|
Professional instrument, Optical goods, etc.
|
2211.76
|
2819.06
|
27.46
|
|
27
|
Electronic goods
|
26792.44
|
33685.69
|
25.73
|
|
28
|
Medicinal & Pharmaceutical products
|
2866.68
|
3664.18
|
27.82
|
|
29
|
Gold
|
31945.67
|
23494.54
|
-26.45
|
|
30
|
Silver
|
2853.47
|
3005.67
|
5.33
|
|
|
Sub-Total
|
233025.46
|
280499.32
|
20.37
|
|
|
GRAND TOTAL
|
243888.74
|
293660.48
|
20.41
|
Note: The figures for
MAY'18 and MAY'17 are provisional and subject to change
QUICK ESTIMATES FOR
SELECTED MAJOR COMMODITIES FOR MAY 2018
TRADE: IMPORT
|
Sl. No.
|
Commodities
|
(Values in Million USD)
|
% change
|
|
|
MAY'17
|
MAY'18
|
MAY'18
|
||
|
1
|
Cotton Raw & Waste
|
115.10
|
72.36
|
-37.13
|
|
2
|
Vegetable Oil
|
1081.51
|
922.13
|
-14.74
|
|
3
|
Pulses
|
295.90
|
39.80
|
-86.55
|
|
4
|
Fruits & vegetables
|
181.03
|
178.70
|
-1.29
|
|
5
|
Pulp and Waste paper
|
103.94
|
94.43
|
-9.15
|
|
6
|
Textile yarn Fabric, made-up articles
|
158.74
|
161.17
|
1.53
|
|
7
|
Fertilisers, Crude & manufactured
|
493.98
|
856.89
|
73.47
|
|
8
|
Sulphur& Unroasted Iron Pyrites
|
7.48
|
7.15
|
-4.41
|
|
9
|
Metalliferous ores & other minerals
|
609.23
|
518.66
|
-14.87
|
|
10
|
Coal, Coke & Briquettes, etc.
|
1846.15
|
2176.32
|
17.88
|
|
11
|
Petroleum, Crude & products
|
7692.71
|
11497.60
|
49.46
|
|
12
|
Wood & Wood products
|
494.41
|
517.86
|
4.74
|
|
13
|
Leather & leather products
|
85.66
|
87.42
|
2.05
|
|
14
|
Organic & Inorganic Chemicals
|
1636.38
|
2098.84
|
28.26
|
|
15
|
Dyeing/tanning/colouring materials.
|
237.87
|
283.41
|
19.14
|
|
16
|
Artificial resins, plastic materials, etc.
|
1217.29
|
1360.98
|
11.80
|
|
17
|
Chemical material & products
|
543.40
|
687.01
|
26.43
|
|
18
|
Newsprint
|
74.99
|
75.46
|
0.63
|
|
19
|
Pearls, precious & Semi-precious stones
|
2952.51
|
2221.20
|
-24.77
|
|
20
|
Iron & Steel
|
1060.99
|
1475.89
|
39.10
|
|
21
|
Non-ferrous metals
|
1028.09
|
1238.62
|
20.48
|
|
22
|
Machine tools
|
248.91
|
394.56
|
58.52
|
|
23
|
Machinery, electrical & non-electrical
|
2465.63
|
3226.54
|
30.86
|
|
24
|
Transport equipment
|
1036.83
|
1240.46
|
19.64
|
|
25
|
Project goods
|
152.92
|
226.62
|
48.20
|
|
26
|
Professional instrument, Optical goods, etc.
|
343.31
|
417.39
|
21.58
|
|
27
|
Electronic goods
|
4158.72
|
4987.56
|
19.93
|
|
28
|
Medicinal & Pharmaceutical products
|
444.97
|
542.52
|
21.92
|
|
29
|
Gold
|
4958.60
|
3478.64
|
-29.85
|
|
30
|
Silver
|
442.91
|
445.02
|
0.48
|
|
|
Sub-Total
|
36170.16
|
41531.21
|
14.82
|
|
|
GRAND TOTAL
|
37856.34
|
43479.88
|
14.85
|
Note 1: Imports
include Re-Imports.
Note 2: The figures
for MAY'18 and MAY'17 are provisional and subject to change.
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