TMI BlogIndia’s Foreign Trade: May, 2016X X X X Extracts X X X X X X X X Extracts X X X X ..... India’s Foreign Trade: May, 2016 - News and Press Release Dated:- 16-6-2016 - News - I. MERCHANDISE TRADE EXPORTS (including re-exports) Exports during May,2016 were valued at US$ 22170.62 million (Rs. 148336.31 crore) which was 0.79 per cent lower in Dollar terms (4.04 per cent higher in Rupee terms) than the level of US$ 22346.75 million (Rs. 142572.92 crore) during May,2015. Cumulative value of exports for the period April-May 2016-17 was US$42739.47million (Rs. 285056.42 crore) as against US$ 44401.47 million (Rs.280973.36 crore) registering a negative growth of 3.74 per cent in Dollar terms and positive growth of 1.45 per cent in Rupee terms over the same period last year. Non-petroleum exports in May 2016 are valu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ed at US$ 20119.97 million against US$ 19919.00 million in May 2015, an increase of 1.01%. Non-petroleum exports during April to May 2016 are valued at US$ 38709.24 million as compared to US$ 39218.56 million for the corresponding period in 2015, a reduction of 1.30%. The decline in exports for India has slowed considerably as the above figures indicate. The growth in exports have fallen for USA (6.15%), European Union (1.42%), Japan (0.75%) but China exhibited positive growth (11.39%) for March 2016 over the corresponding period previous year as per WTO statistics. IMPORTS Imports during May 2016 were valued at US$ 28443.52 million (Rs. 190306.19 crore) which was 13.16 per cent lower in Dollar terms and 8.93 per cent lower in ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Rupee terms over the level of imports valued at US$ 32752.99million (Rs. 208965.06 crore) in May,2015. Cumulative value of imports for the period April-May 2016-17 was US$ 53857.24 million (Rs. 359229.90 crore) as against US$ 65800.01 million (Rs. 416345.69 crore) registering a negative growth of 18.15 per cent in Dollar terms and 13.72 per cent in Rupee terms over the same period last year. CRUDE OIL AND NON-OIL IMPORTS: Oil imports during May, 2016 were valued at US$ 5938.59 million which was 30.45 per cent lower than oil imports valued at US$ 8538.67 million in the corresponding period last year. Oil imports during April-May, 2016-17 were valued at US$ 11594.51 million which was 27.45 per cent lower than the oil imports of US$ ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 15981.59 million in the corresponding period last year. Non-oil imports during May, 2016 were estimated at US$ 22504.93 million which was 7.06 per cent lower than non-oil imports of US$ 24214.32 million in May, 2015. Non-oil imports during April-May 2016-17 were valued at US$ 42262.73 million which was 15.17 per cent lower than the level of such imports valued at US$ 49818.42 million in April-May, 2015-16. II. TRADE IN SERVICES (for April, 2016, as per the RBI Press Release dated 15 th June, 2016) EXPORTS (Receipts) Exports during April, 2016 were valued at US$ 12,908 Million (Rs. 85798.83 Crore) registering a positive growth of 0.10 per cent in dollar terms as compared to positive growth of 4.59 per cent during March ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 2016 (as per RBI s Press Release for the respective months). IMPORTS (Payments) Imports during April, 2016 were valued at US$ 7183 Million (Rs. 47745.04 Crore) registering a negative growth of 9.13 per cent in dollar terms as compared to positive growth of 9.96 per cent during March 2016 (as per RBI s Press Release for the respective months). III.TRADE BALANCE MERCHANDISE : The trade deficit for April-May, 2016-17 was estimated at US$ 11117.77 million which was lower than the deficit of US$ 21398.54 million during April-May, 2015-16. SERVICES : As per RBI s Press Release dated 15 th June 2016, the trade balance in Services (i.e. net export of Services) for April, 2016 was estimated at US$ 5725 million. OVERALL ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... TRADE BALANCE: Overall the trade balance has improved. Taking merchandise and services together, overall trade deficit for April- May 2016-17 is estimated at US$ 5392.77 million which is 65.67 percent lower in Dollar terms than the level of US$ 15710.54 million during April-May 2015-16. (Services data pertains to April 2016 as per the latest data available in RBI s Press Release dated 15th June 2016). MERCHANDISE TRADE EXPORTS IMPORTS : (US $ Million) (PROVISIONAL) MAY APRIL-MAY EXPORTS(including re-exports) ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 2015-16 22346.75 44401.47 2016-17 22170.62 42739.47 %Growth2016-17/ 2015-16 -0.79 -3.74 IMPORTS 2015-16 32752.99 65800.01 2016-17 28443.52 53857.24 %Growth2016-17/ 2015-16 -13.16 -18.15 TRADE BALANCE 2015-16 -10406.24 -21398.54 2016-17 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... -6272.90 -11117.77 EXPORTS IMPORTS : (Rs. Crore) (PROVISIONAL) MAY APRIL-MAY EXPORTS(including re-exports) 2015-16 142572.92 280973.36 2016-17 148336.31 285056.42 %Growth2016-17/ 2015-16 4.04 1.45 IMPORTS 2015-16 208965.06 416345.69 2016-17 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 190306.19 359229.90 %Growth2016-17/ 2015-16 -8.93 -13.72 TRADE BALANCE 2015-16 -66392.14 -135372.33 2016-17 -41969.88 -74173.48 SERVICES TRADE EXPORTS IMPORTS (SERVICES) : (US $ Million) (PROVISIONAL) April 2016-17 EXPORTS (Receipts) 12908.00 IMPORTS (Payments) 7183.00 TRADE BALANCE ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 5725.00 EXPORTS IMPORTS (SERVICES): (Rs. Crore) (PROVISIONAL) April 2016-17 EXPORTS (Receipts) 85798.83 IMPORTS (Payments) 47745.04 TRADE BALANCE 38053.79 Source: RBI Press Release dated 15th June 2016 - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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