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Home News News and Press Release Month 5 2018 2018 (5) This
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India’s Foreign Trade: April 2018

May 16, 2018
  • Contents

I. MERCHANDISE TRADE

EXPORTS (including re-exports)

Exports during April 2018 were valued at US $ 25.91 Billion as compared to US $ 24.64 Billion during April 2017 exhibiting a positive growth of 5.17 per cent. In Rupee terms, exports were valued at ₹ 170052.96 crore in April 2018 as compared to ₹ 158913.79 crore during April 2017, registering a positive growth of 7.01 per cent.

During April 2018, major commodity groups of export showing positive growth over the corresponding month of last year are       

   

Non-petroleum and Non Gems & Jewellery exports in April 2018 were valued at US $ 19.80 Billion as against US $ 17.72 Billion in April 2017, an increase of 11.73%.

IMPORTS

Imports during April 2018 were valued at US $ 39.63 Billion (Rs 260084.67 crore) which was 4.60 per cent higher in Dollar terms and 6.43 per cent higher in Rupee terms over the level of imports valued at US $ 37.88 Billion (Rs. 244380.52 crore) in April 2017.

Major commodity groups of import showing high growth in April 2018 over the corresponding month of last year are:

CRUDE OIL AND NON-OIL IMPORTS:

Oil imports during April 2018 were valued at US $ 10.41 Billion which was 41.49 percent higher than oil imports valued at US $ 7.36 Billion in April 2017. In this connection it is mentioned that the global Brent prices ($/bbl) have increased by 35.20 % in April 2018 vis-à-vis April 2017 as per World Bank commodity price data (The pink sheet).

Non-oil imports during April 2018 were estimated at US $ 29.21 Billion which was 4.30 per cent lower than non-oil imports of US $ 30.53 Billion in April 2017.

II. TRADE IN SERVICES (for March, 2018, as per the RBI Press Release dated 15th May 2018)

EXPORTS (Receipts)

Exports during March 2018 were valued at US $ 16.83 Billion (Rs. 109456.91 Crore) registering a positive growth of 7.16 per cent in dollar terms as compared to negative growth of 3.84 per cent during February 2018 (as per RBI’s Press Release for the respective months).

IMPORTS (Payments)

Imports during March 2018 were valued at US $ 10.28 Billion (Rs. 66841.93 Crore) registering a positive growth of 1.35 per cent in dollar terms as compared to positive growth of 3.01 per cent during February 2018 (as per RBI’s Press Release for the respective months).

III.TRADE BALANCE

MERCHANDISE: The trade deficit for April 2018 was estimated at US $ 13.72 Billion as against the deficit of US $ 13.25 Billion during April 2017.

SERVICES: As per RBI’s Press Release dated 15th May 2018, the trade balance in Services (i.e. net export of Services) for March, 2018 was estimated at US $ 6.55 Billion.

OVERALL TRADE BALANCE: Taking merchandise and services together, overall trade deficit for April-March 2017-18 is estimated at US $ 80.61 Billion as compared to US $ 41.79 Billion during April-March 2016-17. (Services data for Apr-Mar 2017-18 is arrived by adding Quarterly data of RBI on BOP basis for 3 quarters (Apr-Dec 2017) & the QE data of Jan, Feb & Mar 2018 therefore it is provisional)

MERCHANDISE TRADE

EXPORTS & IMPORTS: (US $ Billion)

(PROVISIONAL)

 

 

APRIL

EXPORTS (including re-exports)

 

2017-18

24.64

2018-19

25.91

%Growth 2018-19/ 2017-18

5.17

IMPORTS (including re-imports)

 

2017-18

37.88

2018-19

39.63

%Growth 2018-19/ 2017-18

4.60

TRADE BALANCE

 

2017-18

-13.25

2018-19

-13.72

 

 

EXPORTS & IMPORTS: (Rs. Crore)

(PROVISIONAL)

 

APRIL

EXPORTS (including re-exports)

 

2017-18

158913.79

2018-19

170052.96

%Growth 2018-19/ 2017-18

7.01

IMPORTS (including re-imports)

 

2017-18

244380.52

2018-19

260084.67

%Growth 2018-19/ 2017-18

6.43

TRADE BALANCE

 

2017-18

-85466.73

2018-19

-90031.71

 

SERVICES TRADE

EXPORTS & IMPORTS (SERVICES) : (US $ Billion)

(Provisional)

March 2018

EXPORTS (Receipts)

16.83

IMPORTS (Payments)

10.28

TRADE BALANCE

6.55

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

(Provisional)

March 2018

EXPORTS (Receipts)

109456.91

IMPORTS (Payments)

66841.93

TRADE BALANCE

42614.98

Source: RBI Press Release dated 15th May, 2018

 

QUICK ESTIMATES FOR SELECTED MAJOR COMMODITIES FOR APRIL 2018

 TRADE: EXPORT

Sl. No.

Commodities

(Values in Rs. crores)

% change

APR'17

APR'18

APR'18

1

Tea

320.88

326.89

1.87

2

Coffee

596.17

550.57

-7.65

3

Rice

3661.78

4224.93

15.38

4

Other cereals

83.30

201.92

142.40

5

Tobacco

536.07

454.86

-15.15

6

Spices

1765.42

1833.05

3.83

7

Cashew

494.94

295.93

-40.21

8

Oil Meals

547.08

527.73

-3.54

9

Oil seeds

648.06

615.20

-5.07

10

Fruits & Vegetables

1409.58

1389.71

-1.41

11

Cereal preparations & miscellaneous processed items

714.21

796.77

11.56

12

Marine Products

3129.77

3301.96

5.50

13

Meat, dairy & poultry products

1933.95

2264.18

17.08

14

Iron Ore

1100.21

564.44

-48.70

15

Mica, Coal & Other Ores, Minerals including processed minerals

2118.49

2236.13

5.55

16

Leather & leather products

2600.99

2562.73

-1.47

17

Ceramic products & glassware

1095.70

1209.90

10.42

18

Gems & Jewellery

25616.92

21646.47

-15.50

19

Drugs & Pharmaceuticals

8339.81

9636.16

15.54

20

Organic & Inorganic Chemicals

8354.90

11772.70

40.91

21

Engineering Goods

39425.90

47186.80

19.68

22

Electronic Goods

3294.73

3672.99

11.48

23

Cotton Yarn/Fabs./made-ups, Handloom Products etc.

4999.98

5884.30

17.69

24

Man-made Yarn/Fabs./made-ups etc.

2629.22

2743.64

4.35

25

RMG of all Textiles

11272.24

8859.67

-21.40

26

Jute Mfg. including Floor Covering

166.50

146.23

-12.17

27

Carpet

771.13

729.69

-5.37

28

Handicrafts excl. handmade carpet

959.99

908.78

-5.33

29

Petroleum Products

18997.58

18463.36

-2.81

30

Plastic & Linoleum

3340.08

4419.07

32.30

 

Sub-Total

150925.58

159426.76

5.63

 

GRAND   TOTAL

158913.79

170052.96

7.01

 

Note: The figures for APRIL'18 and APRIL'17 are provisional and subject to change

QUICK ESTIMATES FOR SELECTED MAJOR COMMODITIES FOR APRIL 2018

TRADE: EXPORT

Sl. No.

Commodities

(Values in Million USD)

% change

APR'17

APR'18

APR'18

1

Tea

49.74

49.80

0.12

2

Coffee

92.42

83.88

-9.24

3

Rice

567.66

643.69

13.39

4

Other cereals

12.91

30.76

138.26

5

Tobacco

83.10

69.30

-16.61

6

Spices

273.68

279.27

2.04

7

Cashew

76.73

45.09

-41.24

8

Oil Meals

84.81

80.40

-5.20

9

Oil seeds

100.46

93.73

-6.70

10

Fruits & Vegetables

218.52

211.73

-3.11

11

Cereal preparations & miscellaneous processed items

110.72

121.39

9.64

12

Marine Products

485.18

503.07

3.69

13

Meat, dairy & poultry products

299.80

344.96

15.06

14

Iron Ore

170.56

86.00

-49.58

15

Mica, Coal & Other Ores, Minerals including processed minerals

328.41

340.68

3.74

16

Leather & leather products

403.21

390.44

-3.17

17

Ceramic products & glassware

169.86

184.33

8.52

18

Gems & Jewellery

3971.18

3297.94

-16.95

19

Drugs & Pharmaceuticals

1292.85

1468.11

13.56

20

Organic & Inorganic Chemicals

1295.19

1793.63

38.48

21

Engineering Goods

6111.87

7189.13

17.63

22

Electronic Goods

510.75

559.60

9.56

23

Cotton Yarn/Fabs./made-ups, Handloom Products etc.

775.11

896.50

15.66

24

Man-made Yarn/Fabs./made-ups etc.

407.59

418.01

2.56

25

RMG of all Textiles

1747.44

1349.81

-22.76

26

Jute Mfg. including Floor Covering

25.81

22.28

-13.68

27

Carpet

119.54

111.17

-7.00

28

Handicrafts excl. handmade carpet

148.82

138.46

-6.96

29

Petroleum Products

2945.04

2812.98

-4.48

30

Plastic & Linoleum

517.78

673.27

30.03

 

Sub-Total

23396.74

24289.41

3.82

 

GRAND   TOTAL

24635.09

25908.37

5.17

 

Note 1: Exports include Re-Exports.

Note 2: The figures for APRIL'18 and APRIL'17 are provisional and subject to change

QUICK ESTIMATES FOR SELECTED MAJOR COMMODITIES FOR APRIL 2018

TRADE: IMPORT

Sl. No.

Commodities

(Values in Rs. crores)

% change

APR'17

APR'18

APR'18

1

Cotton Raw & Waste

384.76

532.17

38.31

2

Vegetable Oil

6584.96

6027.44

-8.47

3

Pulses

1867.12

289.51

-84.49

4

Fruits & vegetables

1284.80

1066.44

-17.00

5

Pulp and Waste paper

653.82

537.71

-17.76

6

Textile yarn Fabric, made-up articles

979.88

826.74

-15.63

7

Fertilisers, Crude & manufactured

1992.14

2704.55

35.76

8

Sulphur & Unroasted Iron Pyrites

45.22

117.80

160.50

9

Metalliferous ores & other minerals

3838.58

6160.10

60.48

10

Coal, Coke & Briquettes, etc.

12031.44

14742.71

22.53

11

Petroleum, Crude & products

47472.50

68344.24

43.97

12

Wood &  Wood products

3013.94

3270.28

8.51

13

Leather & leather products

512.00

495.79

-3.17

14

Organic & Inorganic Chemicals

10900.70

13127.60

20.43

15

Dyeing/tanning/colouring materials.

1595.30

1569.49

-1.62

16

Artificial resins, plastic materials, etc.

8270.59

8240.90

-0.36

17

Chemical material & products

3188.96

3832.68

20.19

18

Newsprint

396.30

442.58

11.68

19

Pearls, precious & Semi-precious stones

23773.44

15376.84

-35.32

20

Iron & Steel

6507.40

8506.23

30.72

21

Non-ferrous metals

6405.10

7526.70

17.51

22

Machine tools

1962.70

2198.84

12.03

23

Machinery, electrical & non-electrical

17137.39

19025.66

11.02

24

Transport equipment

7654.18

10372.46

35.51

25

Project goods

1300.59

1329.09

2.19

26

Professional instrument, Optical goods, etc.

2401.88

2587.36

7.72

27

Electronic goods

28618.78

27263.57

-4.74

28

Medicinal & Pharmaceutical products

2678.01

3207.14

19.76

29

Gold

24855.20

16930.91

-31.88

30

Silver

2276.11

3161.44

38.90

 

Sub-Total

230583.79

249814.97

8.34

 

GRAND   TOTAL

244380.52

260084.67

6.43

 

Note: The figures for APRIL'18 and APRIL'17 are provisional and subject to change

QUICK ESTIMATES FOR SELECTED MAJOR COMMODITIES FOR APRIL 2018

TRADE: IMPORT

Sl. No.

Commodities

(Values in Million USD)

% change

APR'17

APR'18

APR'18

1

Cotton Raw & Waste

59.65

81.08

35.93

2

Vegetable Oil

1020.81

918.31

-10.04

3

Pulses

289.44

44.11

-84.76

4

Fruits & vegetables

199.17

162.48

-18.42

5

Pulp and Waste paper

101.36

81.92

-19.18

6

Textile yarn Fabric, made-up articles

151.90

125.96

-17.08

7

Fertilisers, Crude & manufactured

308.82

412.05

33.43

8

Sulphur & Unroasted Iron Pyrites

7.01

17.95

156.06

9

Metalliferous ores & other minerals

595.06

938.52

57.72

10

Coal, Coke & Briquettes, etc.

1865.13

2246.12

20.43

11

Petroleum, Crude & products

7359.27

10412.57

41.49

12

Wood &  Wood products

467.23

498.24

6.64

13

Leather & leather products

79.37

75.54

-4.83

14

Organic & Inorganic Chemicals

1689.84

2000.05

18.36

15

Dyeing/tanning/colouring materials.

247.31

239.12

-3.31

16

Artificial resins, plastic materials, etc.

1282.12

1255.54

-2.07

17

Chemical material & products

494.36

583.93

18.12

18

Newsprint

61.44

67.43

9.75

19

Pearls, precious & Semi-precious stones

3685.40

2342.73

-36.43

20

Iron & Steel

1008.79

1295.96

28.47

21

Non-ferrous metals

992.93

1146.73

15.49

22

Machine tools

304.26

335.00

10.10

23

Machinery, electrical & non-electrical

2656.67

2898.65

9.11

24

Transport equipment

1186.56

1580.29

33.18

25

Project goods

201.62

202.49

0.43

26

Professional instrument, Optical goods, etc.

372.34

394.20

5.87

27

Electronic goods

4436.53

4153.73

-6.37

28

Medicinal & Pharmaceutical products

415.15

488.62

17.70

29

Gold

3853.10

2579.50

-33.05

30

Silver

352.85

481.66

36.51

 

Sub-Total

35745.49

38060.48

6.48

 

GRAND   TOTAL

37884.28

39625.13

4.60

Note 1: Imports include Re-Imports.

Note 2: The figures for APRIL'18 and APRIL'17 are provisional and subject to change.

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