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TMI BlogINDIA’S FOREIGN TRADE: September 2020X X X X Extracts X X X X X X X X Extracts X X X X ..... INDIA’S FOREIGN TRADE: September 2020 X X X X Extracts X X X X X X X X Extracts X X X X ..... MERCHANDISE TRADE EXPORTS (including re-exports) * Exports inSeptember2020 were USD27.58Billion, as compared to USD26.02Billion in September 2019, exhibiting a positive growth of 5.99per cent. In Rupee terms, exports were ₹ 2,02,694.07Crore in September2020, as compared to ₹ 1,85,642.32Crore in September2019, registering a positive growth of 9.19per cent. * Major commodities/commodity groups which have recorded positive growth during September 2020 vis-à-vis September 2019 are Other cereals (337.22%), Iron Ore (109.65%), Rice (93.86%), Oil Meals (47.52%), Carpet (42.89%), Ceramic products & glassware (36.17%), Oil seeds (35.69%), Cereal preparations & miscellaneous processed items (33.57%), Drugs & pharmaceuticals ( ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 24.38%), Handicrafts excl. handmade carpet (21.82%), Meat, dairy & poultry products (19.97%), Jute mfg. including floor covering (18.64%), Cotton yarn/fabs./made-ups, handloom products etc. (15.39%), Spices (11.44%), Tobacco (11.09%) and RMG of all textiles (10.22%). * Major commodities/commodity groups which have recorded negative growth during September 2020 vis-à-vis September 2019 are Cashew (-44.25%), Gems & jewellery (-24.67%), Man-made yarn/fabs./made-ups etc. (-9.12%), Mica, Coal & other ores, minerals including processed minerals (-6.71%), Marine products (-5.41%), Leather & leather products (-3.36%), Tea (-2.27%) and Fruits & Vegetables (-1.44%). * Cumulative value of exports for the period April-September 2020-21 was U ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... SD125.25Billion (₹ 9,38,529.94Crore) as against USD159.16Billion (₹ 11,13,886.17Crore) during the period April-September 2019-20, registering a negative growth of (-)21.31per cent in Dollar terms (negative growth of (-)15.74per cent in Rupee terms). * Non-petroleum and Non-Gems and Jewellery exports in September 2020 were USD21.27Billion, as compared to USD19.00Billion in September2019, registering a positive growth of 11.94per cent. Non-petroleum and Non-Gems and Jewellery exports in April-September 2020-21 were USD104.51Billion, as compared to USD118.65Billion for the corresponding period in 2019-20, which is a decrease of (-)11.92 per cent. IMPORTS * Imports in September2020 were USD30.31Billion (₹ 2,22,708.15Crore ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ), which is a decline of(-) 19.60per cent lower in Dollar terms and (-) 17.18per cent in Rupee terms over imports of USD37.69Billion (₹ 2,68,891.09Crore) in September2019. Cumulative value of imports for the period April-September 2020-21 was USD148.69Billion (₹ 11,14,686.58Crore), as against USD248.08Billion (₹ 17,35,550.99Crore) during the period April-September 2019-20, registering a negative growth of (-)40.06per cent in Dollar terms and a negative growth of (-)35.77per cent in Rupee terms. * Major commodity groups of import showing negative growth in September2020 over the corresponding month of last year are: CRUDE OIL AND NON-OIL IMPORTS: * Oil imports inSeptember2020 were USD5.83Billion (₹ 42,812.35Crore ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ), which was 35.88percentlower in Dollar terms (33.95percentlower in Rupee terms), compared to USD9.09Billion (₹ 64,815.60Crore) in September2019. Oil imports inApril-September 2020-21 were USD31.86Billion (₹ 2,38,995.70Crore) which was 51.14per cent lower in Dollar terms (47.60percent lower in Rupee terms) compared to USD65.20Billion (₹ 4,56,108.64Crore), over the same period last year. * In this connection it is mentioned that the global Brent price ($/bbl) has decreased by 34.08% in September2020 vis-à-vis September2019 as per data available from World Bank. * Non-oil imports inSeptember2020 were estimated at USD24.48Billion (₹ 1,79,895.80Crore) which was 14.43per cent lower in Dollar terms (11.85percen ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tlower in Rupee terms), compared to USD28.61Billion (₹ 2,04,075.49Crore) in September2019. Non-oil imports inApril-September 2020-21 were USD116.83Billion (₹ 8,75,690.88Crore) which was 36.12per cent lower in Dollar terms (31.56percent lower in Rupee terms), compared to USD182.88Billion (₹ 12,79,442.35Crore) in April-September2019-20. * Non-Oil and Non-Gold imports wereUSD23.88Billion in September2020, recording a negative growth of (-)12.63per cent, as compared to Non-Oil and Non-Gold importsof USD 27.33Billion in September2019. Non-Oil and Non-Gold imports wereUSD110.05Billion in April-September 2020-21, recording a negative growth of (-)34.13per cent, as compared to Non-Oil and Non-Gold importsUSD 167.08Billion in Apr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... il-September 2019-20. II. TRADE IN SERVICES EXPORTS (Receipts) * As per the latest press release by RBI dated 15thOctober 2020, exports in August2020 were USD 16.44Billion (₹ 1,22,768.07Crore) registering a negative growth of (-)9.88per cent in dollar terms, vis-à-vis August2019. The estimated value of services export for September2020* is USD 16.34Billion. IMPORTS (Payments) * As per the latest press release by RBI dated 15thOctober 2020 imports in August 2020 were USD 9.60Billion (₹ 71,662.62Crore) registering a negative growth of (-)20.06per cent in dollar terms, vis-à-vis August2019. The estimated value of service import for September2020* is USD 9.49Billion. III.TRADE BALANCE * MERCHANDISE: The trade ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... deficit for September2020 was estimated at USD2.72Billion as against the deficit of USD11.67Billion inSeptember2019, which is a decline of (-) 76.66percent. * SERVICES: As per RBI's Press Release dated 15thOctober 2020 the trade balance in Services (i.e. Net Services export) for August 2020 is USD6.84Billion. The estimated trade balance in September 2020* is USD 6.85Billion. * OVERALL TRADE BALANCE: Taking merchandise and services together, overall trade surplus for April-September 2020-21* is estimated at USD17.74Billion as compared to the deficit of USD49.91Billion in April-September 2019-20. *Note: The latest data for services sector released by RBI is for August2020. The data for September2020 is an estimation, which will be revis ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ed based on RBI's subsequent release. MERCHANDISE TRADE EXPORTS & IMPORTS : (US $ Billion) (PROVISIONAL) SEPTEMBER APRIL-SEPTEMBER EXPORTS(including re-exports) 2019-20 26.02 159.16 2020-21 27.58 125.25 %Growth 2020-21/ 2019-20 5.99 -21.31 IMPORTS 2019-20 37.69 248.08 2020-21 30.31 148.69 %Growth 2020-21/ 2019-20 -19.60 -40.06 TRADE BALANCE 2019-20 -11.67 -88.92 2020-21 -2.72 -23.44 EXPORTS &IMPORTS: (Rs. Crore) (PROVISIONAL) SEPTEMBER APRIL-SEPTEMBER EXPORTS(including re-exports) 2019-20 1,85,642.32 11,13,886.17 2020-21 2,02,694.07 9,38,529.94 %Growth 2020-21/ 2019-20 9.19 -15.74 IMPORTS 2019-20 2,68,891.09 17,35,550.99 2020-21 2,22,708.15 11,14,686.58 %Growth 2020-21/ 2019-20 -17 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... .18
-35.77
TRADE BALANCE
2019-20
-83,248.77
-6,21,664.82
2020-21
-20,014.08
-1,76,156.64
SERVICES TRADE
EXPORTS & IMPORTS (SERVICES) : (US $ Billion)
(PROVISIONAL)
August 2020
April-August 2020-21
EXPORTS (Receipts)
16.44
80.28
IMPORTS (Payments)
9.60
45.95
TRADE BALANCE
6.84
34.33
EXPORTS & IMPORTS (SERVICES): (Rs. Crore)
(PROVISIONAL)
August 2020
April-August 2020-21
EXPORTS (Receipts)
1,22,768.07
6,05,633.40
IMPORTS (Payments)
71,662.62
3,46,586.98
TRADE BALANCE
51,105.45
2,59,046.42
Source: RBI Press Release dated 15thOctober 2020
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