F.No. 1/2/2017-EPL-1 Government of India Ministry of Commerce & Industry Department of Commerce Economic Division

Transcription

1 F.No. 1/2/2017-EPL-1 Government of India Ministry of Commerce & Industry Department of Commerce Economic Division. PRESS RELEASE INDIA S FOREIGN TRADE: August 2018 New Delhi, Dated 14 th September 2018 India s overall exports (Merchandise and Services combined) in April-August * are estimated to be USD Billion, exhibiting a positive growth of per cent over the same period last year. Overall imports in April-August * are estimated to be USD Billion, exhibiting a positive growth of per cent over the same period last year. Merchandise April-August Services April-August * (Estimated) Overall Trade = Merchandise+Services April-August * (Estimated) Exports USD Billion 16.13% Exports USD Billion 28.74% Exports USD Billion 20.70% Imports USD Billion 17.34% Imports USD Billion 38.73% Imports USD Billion 21.01% Trade Deficit USD Billion Net of Services USD Billion Trade deficit USD Billion *Note: Services data pertains to April-July as July 2018 is the latest data available as per RBI s Press Release dated 14th September It is arrived at by adding Month-wise QE data of RBI s press release for April to July This data is provisional and subject to revision by RBI. In addition, it may be noted that data for August 2018 is estimated and added to the April-July data of RBI to calculate the Overall Trade Deficit for April-August It will be revised based on RBI s next press release for August 2018.

2 I. MERCHANDISE TRADE EXPORTS (including re-exports) Exports in August 2018 were US $ Billion, as compared to US $ Billion in August 2017, exhibiting a positive growth of per cent. In Rupee terms, exports were Rs. 1,93, Crore in August 2018, as compared to Rs. 1,49, Crore in August 2017, registering a positive growth of per cent. In August 2018, major commodity groups of export showing positive growth over the corresponding month of last year are Engineering Goods (21.23%) Petroleum Products (31.76%) Gems & Jewellery (23.95%) Organic & Inorganic Chemicals (39.9%) Drugs & Pharmaceuticals (18.21%) Cumulative value of exports for the period April-August was US $ Billion (Rs 9,23, Crore) as against US $ Billion (Rs 7,54, Crore) during the period April- August , registering a positive growth of per cent in Dollar terms (22.44 per cent in Rupee terms). Non-petroleum and Non Gems and Jewellery exports in August 2018 were US $ Billion, as compared to US $ Billion in August 2017, exhibiting a positive growth of per cent. Non-petroleum and Non Gems and Jewellery exports in April-August were US $ Billion, as compared to US $ Billion for the corresponding period in , an increase of %. IMPORTS Imports in August 2018 were US $ Billion (Rs 3,14, Crore), which was per cent higher in Dollar terms and per cent higher in Rupee terms over imports of US $ Billion (Rs. 2,30, Crore) in August Cumulative value of imports for the period April- August was US $ Billion (Rs. 14,69, Crore), as against US $ Billion (Rs. 11,87, Crore) during the period April-August , registering a positive growth of per cent in Dollar terms (23.78 per cent in Rupee terms).

3 Major commodity groups of import showing high growth in August 2018 over the corresponding month of last year are: Petroleum, Crude & products (51.62%) Electronic goods (22.48%) Machinery, electrical & non-electrical (46.2%) Gold (92.62%) Coal, Coke & Briquettes, etc. (44.37%) CRUDE OIL AND NON-OIL IMPORTS: Oil imports in August 2018 were US $ Billion (Rs. 82, Crore), which was percent higher in Dollar terms (64.84 percent higher in Rupee terms), compared to US $ 7.80 Billion (Rs. 49, Crore) in August Oil imports in April-August were US $ Billion (Rs. 3,99, Crore) which was per cent higher in Dollar terms (62.01 percent higher in Rupee terms) compared to US $ Billion (Rs. 2,46, Crore), over the same period last year. In this connection it is mentioned that the global Brent price ($/bbl) has increased by 42.36% in August 2018 vis-à-vis August 2017 as per data available from World Bank (Pink Sheet). Non-oil imports in August 2018 were estimated at US $ Billion (Rs. 2,32, Crore) which was per cent higher in Dollar terms (28.48 percent higher in Rupee terms), compared to US $ Billion (Rs. 1,80, Crore) in August Non-oil imports in April-August were US $ Billion (Rs. 10,70, Crore) which was 7.84 per cent higher in Dollar terms (13.76 percent higher in Rupee terms), compared to US $ Billion (Rs. 9,40, Crore) in April-August Non-Oil and Non-Gold imports were US $ billion in August 2018, recording a positive growth of 12.84%, as compared to Non-Oil and Non-Gold imports in August Non-Oil and Non-Gold imports were US $ billion in April-August , recording a positive growth of 8.93%, as compared to Non-Oil and Non-Gold imports in April-August

4 II. TRADE IN SERVICES (for July, 2018, as per the RBI Press Release dated 14th September 2018) EXPORTS (Receipts) Exports in July 2018 were US $ Billion (Rs. 1,20, Crore) registering a positive growth of 4.04 per cent in dollar terms, as compared to a positive growth of 4.32 per cent in June 2018 (as per RBI s Press Release for the respective months). IMPORTS (Payments) Imports in July 2018 were US $ Billion (Rs. 74, Crore) registering a positive growth of 5.35 per cent in dollar terms, as compared to a positive growth of 0.89 per cent in June 2018 (as per RBI s Press Release for the respective months). III.TRADE BALANCE MERCHANDISE: The trade deficit for August 2018 was estimated at US $ Billion as against the deficit of US $ Billion in August SERVICES: As per RBI s Press Release dated 14th September 2018, the trade balance in Services (i.e. Net Services export) for July, 2018 is estimated at US $ 6.70 Billion. OVERALL TRADE BALANCE: Taking merchandise and services together, overall trade deficit for April-August * is estimated at US $ Billion as compared to US $ Billion in April-August *Note: Services data pertains to April-July as July 2018 is the latest data available as per RBI s Press Release dated 14th September It is arrived at by adding Month-wise QE data of RBI s press release for April to July This data is provisional and subject to revision by RBI. In addition, it may be noted that data for August 2018 is estimated and added to the April-July data of RBI to calculate the Overall Trade Deficit for April-August It will be revised based on RBI s next press release for August 2018.

5 MERCHANDISE TRADE EXPORTS & IMPORTS: (US $ Billion) (PROVISIONAL) AUGUST APRIL-AUGUST EXPORTS (including re-exports) %Growth / IMPORTS %Growth / TRADE BALANCE EXPORTS & IMPORTS: (Rs. Crore) (PROVISIONAL) AUGUST APRIL-AUGUST EXPORTS(including re-exports) ,49, ,54, ,93, ,23, %Growth / IMPORTS ,30, ,87, ,14, ,69, %Growth / TRADE BALANCE , ,32, ,20, ,46,031.42

6 SERVICES TRADE EXPORTS & IMPORTS (SERVICES) : (US $ Billion) (Provisional) JULY 2018 APRIL-JULY EXPORTS (Receipts) IMPORTS (Payments) TRADE BALANCE EXPORTS & IMPORTS (SERVICES): (Rs. Crore) (Provisional) JULY 2018 APRIL-JULY EXPORTS (Receipts) 1,20, ,59, IMPORTS (Payments) 74, ,84, TRADE BALANCE 46, ,74, Note: Services data of pertains to April-July as July 2018 is the latest data available as per RBI s Press Release dated 14 th September April-July data is arrived by adding Month-wise QE data. This has been used along with the estimate of service export and import for August 2018, as explained in page-1 for the purpose of this Press note.

7 QUICK ESTIMATES FOR SELECTED MAJOR COMMODITIES FOR AUGUST 2018 TRADE: EXPORT Sl. (Values in Rs. crores) % change Commodities No. AUG'17 AUG'18 AUG'18 1 Tea Coffee Rice Other cereals Tobacco Spices Cashew Oil Meals Oil seeds Fruits & Vegetables Cereal preparations & miscellaneous processed items Marine Products Meat, dairy & poultry products Iron Ore Mica, Coal & Other Ores, Minerals including processed minerals Leather & leather products Ceramic products & glassware Gems & Jewellery Drugs & Pharmaceuticals Organic & Inorganic Chemicals Engineering Goods Electronic Goods Cotton Yarn/Fabs./made-ups, Handloom Products etc Man-made Yarn/Fabs./made-ups etc RMG of all Textiles Jute Mfg. including Floor Covering Carpet Handicrafts excl. handmade carpet Petroleum Products Plastic & Linoleum Sub-Total GRAND TOTAL Note 1: Grand total is inclusive of component Other. Note 2: The figures for AUGUST'18 and AUGUST'17 are provisional and subject to change 1

8 QUICK ESTIMATES FOR SELECTED MAJOR COMMODITIES FOR AUGUST 2018 TRADE: EXPORT Sl. (Values in Million USD) % change Commodities No. AUG'17 AUG'18 AUG'18 1 Tea Coffee Rice Other cereals Tobacco Spices Cashew Oil Meals Oil seeds Fruits & Vegetables Cereal preparations & miscellaneous processed items Marine Products Meat, dairy & poultry products Iron Ore Mica, Coal & Other Ores, Minerals including processed minerals Leather & leather products Ceramic products & glassware Gems & Jewellery Drugs & Pharmaceuticals Organic & Inorganic Chemicals Engineering Goods Electronic Goods Cotton Yarn/Fabs./made-ups, Handloom Products etc Man-made Yarn/Fabs./made-ups etc RMG of all Textiles Jute Mfg. including Floor Covering Carpet Handicrafts excl. handmade carpet Petroleum Products Plastic & Linoleum Sub-Total GRAND TOTAL Note 1: Exports include Re-Exports. Note 2: The figures for AUGUST'18 and AUGUST'17 are provisional and subject to change Note 3: Grand total is inclusive of component Other. 2

9 QUICK ESTIMATES FOR SELECTED MAJOR COMMODITIES FOR AUGUST 2018 TRADE: IMPORT Sl. (Values in Rs. crores) % change Commodities No. AUG'17 AUG'18 AUG'18 1 Cotton Raw & Waste Vegetable Oil Pulses Fruits & vegetables Pulp and Waste paper Textile yarn Fabric, made-up articles Fertilisers, Crude & manufactured Sulphur & Unroasted Iron Pyrites Metalliferous ores & other minerals Coal, Coke & Briquettes, etc Petroleum, Crude & products Wood & Wood products Leather & leather products Organic & Inorganic Chemicals Dyeing/tanning/colouring materials Artificial resins, plastic materials, etc Chemical material & products Newsprint Pearls, precious & Semi-precious stones Iron & Steel Non-ferrous metals Machine tools Machinery, electrical & non-electrical Transport equipment Project goods Professional instrument, Optical goods, etc Electronic goods Medicinal & Pharmaceutical products Gold Silver Sub-Total GRAND TOTAL Note 1: Grand total is inclusive of component Other. Note 2: The figures for AUGUST'18 and AUGUST'17 are provisional and subject to change 3

10 QUICK ESTIMATES FOR SELECTED MAJOR COMMODITIES FOR AUGUST 2018 TRADE: IMPORT Sl. No. Commodities (Values in Million USD) % change AUG'17 AUG'18 AUG'18 1 Cotton Raw & Waste Vegetable Oil Pulses Fruits & vegetables Pulp and Waste paper Textile yarn Fabric, made-up articles Fertilisers, Crude & manufactured Sulphur & Unroasted Iron Pyrites Metalliferous ores & other minerals Coal, Coke & Briquettes, etc Petroleum, Crude & products Wood & Wood products Leather & leather products Organic & Inorganic Chemicals Dyeing/tanning/colouring materials Artificial resins, plastic materials, etc Chemical material & products Newsprint Pearls, precious & Semi-precious stones Iron & Steel Non-ferrous metals Machine tools Machinery, electrical & non-electrical Transport equipment Project goods Professional instrument, Optical goods, etc Electronic goods Medicinal & Pharmaceutical products Gold Silver Sub-Total GRAND TOTAL Note 1: Imports include Re-Imports. Note 2: The figures for AUGUST'18 and AUGUST'17 are provisional and subject to change. Note 3: Grand total is inclusive of component Other. 4