TMI BlogIndia’s Foreign Trade: December 2019X X X X Extracts X X X X X X X X Extracts X X X X ..... India’s Foreign Trade: December 2019 - News and Press Release Dated:- 15-1-2020 - News - India s overall exports (Merchandise and Services combined) in April-December 2019-20* are estimated to be USD 397.48 billion, exhibiting a positive growth of 0.93 per cent over the same period last year. Overall imports in April-December 2019-20* are estimated to be USD 455.14 billion, exhibiting a negative growth of (-)5.82 per cent over the same period last year. *Note: The latest data for services sector released by RBI is for November 2019. The data for December 2019 is an estimation, which will be revised based on RBI s subsequent release. I. MERCHANDISE TRADE ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... EXPORTS (including re-exports) Exports inDecember 2019 were USD27.36 billion, as compared to USD27.86 billion in December 2018, exhibiting a negative growth of (-)1.80 per cent. In Rupee terms, exports were ₹ 1,94,764.74 crore in December 2019, as compared to ₹ 1,97,044.76 crore in December 2018, registering a negative growth of (-)1.16 per cent. In December 2019, major commodity groups of export showing positivegrowth over the corresponding month of last year are Cumulative value of exports for the period April-December 2019-20 was USD239.29 billion (₹ 16,84,558.61 crore) as against USD244.08 billion ( ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ₹ 17,02,261.31 crore) during the period April-December 2018-19, registering a negative growth of (-) 1.96 per cent in Dollar terms (negative growth of (-)1.04 per cent in Rupee terms). Non-petroleum and Non Gems and Jewellery exports in December 2019 were USD21.05 billion, as compared to USD21.16 billion in December 2018, exhibiting a negative growth of (-)0.54 per cent. Non-petroleum and Non Gems and Jewellery exports in April-December 2019-20 were USD177.81 billion, as compared to USD177.65 billion for the corresponding period in 2018-19, anincrease of 0.09 per cent. IMPORTS Imports in December 2019 were USD38.61 billion (₹ 2,74,883.64 crore), w ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... hich was 8.83 per cent lower in Dollar terms and 8.24 per cent lower in Rupee terms over imports of USD42.35 billion (₹ 2,99,553.40 crore) in December 2018. Cumulative value of imports for the period April-December 2019-20 was USD357.39 billion (₹ 25,14,783.82 crore), as against USD392.31 billion (₹ 27,37,092.01 crore) during the period April-December 2018-19, registering a negative growth of (-)8.90 per cent in Dollar terms (negative growth of (-)8.12 per cent in Rupee terms). Major commodity groups of import showing negative growth in December 2019 over the corresponding month of last year are: CRUDE OIL AND NON-OIL IMPORTS: ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Oil imports inDecember 2019 were USD10.69 billion (₹ 76,136.69 crore), which was 0.83 percentlower in Dollar terms (0.18 percent lower in Rupee terms), compared to USD10.78 billion (₹ 76,275.54 crore) in December2018. Oil imports in April-December 2019-20 were USD95.69 billion (₹ 6,73,447.56 crore) which was 11.78 per cent lower in Dollar terms (11.13 percent lower in Rupee terms) compared to USD108.47 billion (₹ 7,57,772.55crore), over the same period last year. In this connection it is mentioned that the global Brent price ($/bbl) has increased by 16.63% in December 2019 vis- -vis December 2018 as per data available from World Bank. Non-oil imports inDecember 2 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 019 were estimated at USD27.92billion (₹ 1,98,746.95 crore) which was 11.56 per cent lower in Dollar terms (10.99 percent lower in Rupee terms), compared to USD31.57billion (₹ 2,23,277.86 crore) in December 2018. Non-oil imports in April-December 2019-20 were USD261.70 billion (₹ 18,41,336.26 crore) which was 7.80 per cent lower in Dollar terms (6.97 percent lower in Rupee terms), compared to USD283.84 billion (₹ 19,79,319.46 crore) in April-December2018-19. Non-Oil and Non-Gold imports wereUSD25.45 billion in December 2019, recording a negative growth of (-)12.24 per cent, as compared to Non-Oil and Non-Gold importsof USD 29.00 billion in December 2018. Non-Oil and Non-Gold imports wereUSD ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 238.64 billion in April-December 2019-20, recording a negative growth of (-)7.90 per cent, as compared to Non-Oil and Non-Gold importsUSD 259.11 billion in April-December 2018-19. II. TRADE IN SERVICES EXPORTS (Receipts) As per the latest press release by RBI dated 15 th January 2020, exports in November2019 were USD 18.00 billion (₹ 1,28,584.48 crore) registering a positive growth of 7.91 per cent in dollar terms, vis- -vis November2018. The estimated value of services export for December 2019* is USD 17.92 billion. IMPORTS (Payments) As per the latest press release by RBI dated 15 th January 2 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 020, imports in November 2019 were USD 11.47 billion (₹ 81,969.39 crore) registering a positive growth of 13.48 per cent in dollar terms, vis- -vis November 2018. The estimated value of service Import for December 2019* is USD 11.32 billion. III.TRADE BALANCE MERCHANDISE : The trade deficit for December 2019 was estimated at USD11.25 billion as against the deficit of USD14.49 billion inDecember 2018. SERVICES : As per RBI s Press Release dated 15 th January2020, the trade balance in Services (i.e. Net Services export) for November, 2019 is estimated at USD6.52 billion. OVERALL TRADE BALANCE: Taking mer ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... chandise and services together, overall trade deficit for April-December 2019-20* is estimated at USD57.66 billion as compared to USD89.46 billion in April-December 2018-19. *Note: The latest data for services sector released by RBI is for November 2019. The data for December 2019 is an estimation, which will be revised based on RBI s subsequent release. MERCHANDISE TRADE EXPORTS IMPORTS : (US $ Billion) (PROVISIONAL) DECEMBER APRIL-DECEMBER EX ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... PORTS(including re-exports) 2018-19 27.86 244.08 2019-20 27.36 239.29 %Growth 2019-20/ 2018-19 -1.80 -1.96 IMPORTS 2018-19 42.35 392.31 2019-20 38.61 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 357.39 %Growth 2019-20/ 2018-19 -8.83 -8.90 TRADE BALANCE 2018-19 -14.49 -148.23 2019-20 -11.25 -118.10 EXPORTS IMPORTS: (Rs. Crore ) (PROVISIONAL) ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... DECEMBER APRIL-DECEMBER EXPORTS(including re-exports) 2018-19 1,97,044.76 17,02,261.31 2019-20 1,94,764.74 16,84,558.61 %Growth 2019-20/ 2018-19 -1.16 -1.04 IMPORTS 2018-19 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 2,99,553.40 27,37,092.01 2019-20 2,74,883.64 25,14,783.82 %Growth 2019-20/ 2018-19 -8.24 -8.12 TRADE BALANCE 2018-19 -1,02,508.64 -10,34,830.70 2019-20 -80,118.90 -8,30,225.21 SERVICES TRADE ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... EXPORTS IMPORTS (SERVICES) : (US $ Billion) (PROVISIONAL) November 2019 April-November 2019-20 EXPORTS (Receipts) 18.00 140.27 IMPORTS (Payments) 11.47 86.44 TRADE BALANCE 6.52 53.83 EXPORTS IMPORTS ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... (SERVICES): (Rs. Crore ) (PROVISIONAL) November 2019 April-November 2019-20 EXPORTS (Receipts) 1,28,584.48 9,86,225.58 IMPORTS (Payments) 81,969.39 6,07,776.64 TRADE BALANCE 46,615.09 3,78,448.94 Source: RBI Press Release dated 15 th January 2020 * ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Note: The latest data for services sector released by RBI is for November 2019. The data for December 2019 is an estimation, which will be revised based on RBI s subsequent release. * Link for Quick Estimates: - 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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