India’s Foreign Trade: April 2018


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India’s Foreign Trade: April 2018 


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 Rs. 170052.96 crore in April 2018 as compared to Rs. 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

  Engineering Goods -17.63%
  Organic & Inorganic Chemicals 38.48%
  Drugs & Pjarmaceuticals 13.56%
  Cotton Yarn/Fabs./made-ups, Handloom Products etc 15.66%
  Plastic & Linoleum 30.03%

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:

 Petroleum, Crude & Products 41.49%
 Machinery, electrical & non-electrical 9.11%
 Coal, Coke & Briquettes, etc. 20.43%
 Organic & Inorganic Chemicals 18.36%
 Transport equipment 33.18%


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
1Tea
320.88
326.89
1.87
2Coffee
596.17
550.57
-7.65
3Rice
3661.78
4224.93
15.38
4Other cereals
83.30
201.92
142.40
5Tobacco
536.07
454.86
-15.15
6Spices
1765.42
1833.05
3.83
7Cashew
494.94
295.93
-40.21
8Oil Meals
547.08
527.73
-3.54
9Oil seeds
648.06
615.20
-5.07
10Fruits & Vegetables
1409.58
1389.71
-1.41
11Cereal preparations & miscellaneous processed items
714.21
796.77
11.56
12Marine Products
3129.77
3301.96
5.50
13Meat, dairy & poultry products
1933.95
2264.18
17.08
14Iron Ore
1100.21
564.44
-48.70
15Mica, Coal & Other Ores, Minerals including processed minerals
2118.49
2236.13
5.55
16Leather & leather products
2600.99
2562.73
-1.47
17Ceramic products & glassware
1095.70
1209.90
10.42
18Gems & Jewellery
25616.92
21646.47
-15.50
19Drugs & Pharmaceuticals
8339.81
9636.16
15.54
20Organic & Inorganic Chemicals
8354.90
11772.70
40.91
21Engineering Goods
39425.90
47186.80
19.68
22Electronic Goods
3294.73
3672.99
11.48
23Cotton Yarn/Fabs./made-ups, Handloom Products etc.
4999.98
5884.30
17.69
24Man-made Yarn/Fabs./made-ups etc.
2629.22
2743.64
4.35
25RMG of all Textiles
11272.24
8859.67
-21.40
26Jute Mfg. including Floor Covering
166.50
146.23
-12.17
27Carpet
771.13
729.69
-5.37
28Handicrafts excl. handmade carpet
959.99
908.78
-5.33
29Petroleum Products
18997.58
18463.36
-2.81
30Plastic & 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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