India’s Foreign Trade: November 2018
Monday - December 17, 2018 10:33 am ,
Category : INDIA
WTN- India’s overall exports (Merchandise and Services combined) in April-November 2018-19* are estimated to be USD 351.99 Billion, exhibiting a positive growth of 15.48 per cent over the same period last year. Overall imports in April-November2018-19* are estimated to be USD 428.18 Billion, exhibiting a positive growth of 16.86 per cent over the same period last year.
MERCHANDISE TRADE
EXPORTS (including re-exports)
Exports inNovember 2018 were US $ 26.50 Billion, as compared to US $ 26.29 Billion in November 2017, exhibiting a positive growth of 0.80 per cent. In Rupee terms, exports were Rs. 1,90,429.46 Crore in November 2018, as compared to Rs. 1,70,541.01 Crore in November 2017, registering a positive growth of 11.66 per cent.
Cumulative value of exports for the period April-November 2018-19 was US $ 217.52Billion (Rs.15,14,369.74 Crore) as against US $ 194.93 Billion (Rs.12,57,811.49 Crore) during the period April-November 2017-18, registering a positive growth of 11.58 per cent in Dollar terms (20.40 per cent in Rupee terms).
Non-petroleum and Non Gems and Jewellery exports in November 2018 were US $ 18.57 Billion, as compared to US $ 19.32 Billion in November 2017, exhibiting a negative growth of 3.93 per cent. Non-petroleum and Non Gems and Jewellery exports in April-November 2018-19 were US $ 156.55 Billion, as compared to US $ 143.77 Billion for the corresponding period in 2017-18, an increase of 8.89 per cent.
IMPORTS
Imports in November 2018 were US $ 43.17 Billion (Rs. 3,10,215.46 Crore), which was 4.31 per cent higher in Dollar terms and 15.55 per cent higher in Rupee terms over imports of US $ 41.39 Billion (Rs.2,68,467.53 Crore) in November 2017. Cumulative value of imports for the period April-November 2018-19 was US $ 345.64 Billion (Rs.24,07,273.87 Crore), as against US $ 301.31 Billion (Rs.19,44,355.48 Crore) during the period April-November 2017-18, registering a positive growth of 14.71 per cent in Dollar terms (23.81 per cent in Rupee terms).
CRUDE OIL AND NON-OIL IMPORTS:
Oil imports inNovember 2018 were US $ 13.49 Billion (Rs. 96,955.56 Crore), which was 41.31 percent higher in Dollar terms (56.55 percent higher in Rupee terms), compared to US $ 9.55 Billion (Rs. 61,933.97 Crore) in November 2017. Oil imports in April-November 2018-19 were US $ 97.43 Billion (Rs. 6,79,769.26 Crore) which was 49.14 per cent higher in Dollar terms (61.21 percent higher in Rupee terms) compared to US $ 65.33 Billion (Rs. 4,21,667.12 Crore), over the same period last year.
In this connection it is mentioned that the global Brent price ($/bbl) has increased by 4.16% in November 2018 vis-à-vis November 2017 as per data available from World Bank (Pink Sheet).
Non-oil imports inNovember 2018 were estimated at US $ 29.68 Billion (Rs.2,13,259.90 Crore) which was 6.79per cent lower in Dollar terms (3.26percent higher in Rupee terms), compared to US $ 31.84 Billion (Rs. 2,06,533.56 Crore) in November 2017. Non-oil imports in April-November 2018-19 were US $ 248.21 Billion (Rs.17,27,504.61 Crore) which was 5.18 per cent higher in Dollar terms (13.45 percent higher in Rupee terms), compared to US $ 235.98 Billion (Rs. 15,22,688.36 Crore) in April-November2017-18.
Non-Oil and Non-Gold imports were US $ 26.92 billion in November 2018, recording a negative growth of 5.78 per cent, as compared to Non-Oil and Non-Gold imports in November 2017. Non-Oil and Non-Gold imports were US $ 226.13 billion in April-November 2018-19, recording a positive growth of 6.27 per cent, as compared to Non-Oil and Non-Gold imports in April-November 2017-18.
TRADE IN SERVICES (for October, 2018, as per the RBI Press Release dated 14th December 2018)
EXPORTS (Receipts)
Exports inOctober2018 were US $ 16.82Billion (Rs.1,23,812.71 Crore) registering a positive growth of 2.65 per cent in dollar terms, vis-à-vis September 2018. (as per RBI’s Press Release for the respective months).
IMPORTS (Payments)
Imports inOctober2018 were US $ 10.10 Billion (Rs.74,361.26 Crore) registering a positive growth of 1.54 per cent in dollar terms,vis-à-vis September 2018. (as per RBI’s Press Release for the respective months).
III.TRADE BALANCE
MERCHANDISE: The trade deficit for November 2018 was estimated at US $ 16.67 Billion as against the deficit of US $ 15.10 Billion inNovember 2017.
SERVICES: As per RBI’s Press Release dated 14th December 2018, the trade balance in Services (i.e. Net Services export) for October, 2018 is estimated at US $ 6.72 Billion.
OVERALL TRADE BALANCE: Taking merchandise and services together, overall trade deficit for April-November 2018-19* is estimated at US $ 76.19 Billion as compared to US $ 61.58 Billion in April-November 2017-18. (Source-PIB)
MERCHANDISE TRADE
EXPORTS (including re-exports)
Exports inNovember 2018 were US $ 26.50 Billion, as compared to US $ 26.29 Billion in November 2017, exhibiting a positive growth of 0.80 per cent. In Rupee terms, exports were Rs. 1,90,429.46 Crore in November 2018, as compared to Rs. 1,70,541.01 Crore in November 2017, registering a positive growth of 11.66 per cent.
Cumulative value of exports for the period April-November 2018-19 was US $ 217.52Billion (Rs.15,14,369.74 Crore) as against US $ 194.93 Billion (Rs.12,57,811.49 Crore) during the period April-November 2017-18, registering a positive growth of 11.58 per cent in Dollar terms (20.40 per cent in Rupee terms).
Non-petroleum and Non Gems and Jewellery exports in November 2018 were US $ 18.57 Billion, as compared to US $ 19.32 Billion in November 2017, exhibiting a negative growth of 3.93 per cent. Non-petroleum and Non Gems and Jewellery exports in April-November 2018-19 were US $ 156.55 Billion, as compared to US $ 143.77 Billion for the corresponding period in 2017-18, an increase of 8.89 per cent.
IMPORTS
Imports in November 2018 were US $ 43.17 Billion (Rs. 3,10,215.46 Crore), which was 4.31 per cent higher in Dollar terms and 15.55 per cent higher in Rupee terms over imports of US $ 41.39 Billion (Rs.2,68,467.53 Crore) in November 2017. Cumulative value of imports for the period April-November 2018-19 was US $ 345.64 Billion (Rs.24,07,273.87 Crore), as against US $ 301.31 Billion (Rs.19,44,355.48 Crore) during the period April-November 2017-18, registering a positive growth of 14.71 per cent in Dollar terms (23.81 per cent in Rupee terms).
CRUDE OIL AND NON-OIL IMPORTS:
Oil imports inNovember 2018 were US $ 13.49 Billion (Rs. 96,955.56 Crore), which was 41.31 percent higher in Dollar terms (56.55 percent higher in Rupee terms), compared to US $ 9.55 Billion (Rs. 61,933.97 Crore) in November 2017. Oil imports in April-November 2018-19 were US $ 97.43 Billion (Rs. 6,79,769.26 Crore) which was 49.14 per cent higher in Dollar terms (61.21 percent higher in Rupee terms) compared to US $ 65.33 Billion (Rs. 4,21,667.12 Crore), over the same period last year.
In this connection it is mentioned that the global Brent price ($/bbl) has increased by 4.16% in November 2018 vis-à-vis November 2017 as per data available from World Bank (Pink Sheet).
Non-oil imports inNovember 2018 were estimated at US $ 29.68 Billion (Rs.2,13,259.90 Crore) which was 6.79per cent lower in Dollar terms (3.26percent higher in Rupee terms), compared to US $ 31.84 Billion (Rs. 2,06,533.56 Crore) in November 2017. Non-oil imports in April-November 2018-19 were US $ 248.21 Billion (Rs.17,27,504.61 Crore) which was 5.18 per cent higher in Dollar terms (13.45 percent higher in Rupee terms), compared to US $ 235.98 Billion (Rs. 15,22,688.36 Crore) in April-November2017-18.
Non-Oil and Non-Gold imports were US $ 26.92 billion in November 2018, recording a negative growth of 5.78 per cent, as compared to Non-Oil and Non-Gold imports in November 2017. Non-Oil and Non-Gold imports were US $ 226.13 billion in April-November 2018-19, recording a positive growth of 6.27 per cent, as compared to Non-Oil and Non-Gold imports in April-November 2017-18.
TRADE IN SERVICES (for October, 2018, as per the RBI Press Release dated 14th December 2018)
EXPORTS (Receipts)
Exports inOctober2018 were US $ 16.82Billion (Rs.1,23,812.71 Crore) registering a positive growth of 2.65 per cent in dollar terms, vis-à-vis September 2018. (as per RBI’s Press Release for the respective months).
IMPORTS (Payments)
Imports inOctober2018 were US $ 10.10 Billion (Rs.74,361.26 Crore) registering a positive growth of 1.54 per cent in dollar terms,vis-à-vis September 2018. (as per RBI’s Press Release for the respective months).
III.TRADE BALANCE
MERCHANDISE: The trade deficit for November 2018 was estimated at US $ 16.67 Billion as against the deficit of US $ 15.10 Billion inNovember 2017.
SERVICES: As per RBI’s Press Release dated 14th December 2018, the trade balance in Services (i.e. Net Services export) for October, 2018 is estimated at US $ 6.72 Billion.
OVERALL TRADE BALANCE: Taking merchandise and services together, overall trade deficit for April-November 2018-19* is estimated at US $ 76.19 Billion as compared to US $ 61.58 Billion in April-November 2017-18. (Source-PIB)
