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Wednesday, July 16, 2014

India's trade deficit narrows to US $ 33083.93 million in till June 2014 in FY15

India's merchandise exports during June, 2014 were valued at US $ 26479.72 million (Rs.158165.21 crore) which was 10.22 per cent higher in Dollar terms (12.74 per cent higher in Rupee terms) than the level of US $ 24023.36 million (Rs. 140289.92 crore) during June, 2013. Cumulative value of exports for the period April-June 2014-15 was US $ 80112.30 million (Rs 478928.90 crore) as against US $ 73287.72 million (Rs 409750.38 crore) registering a growth of 9.31 per cent in Dollar terms and growth of 16.88 per cent in Rupee terms over the same period last year. 

Imports during June, 2014 were valued at US $ 38242.96 million (Rs.228427.88 crore) representing a growth of 8.33 per cent in Dollar terms and growth of 10.80 per cent in Rupee terms over the level of imports valued at US $ 35303.52 million (Rs. 206163.02 crore) in June, 2013. Cumulative value of imports for the period April-June 2014-15 was US $ 113196.23 million (Rs 676694.53 crore) as against US $ 121613.93 million (Rs 678294.38 crore) registering a negative growth of 6.92 per cent in Dollar terms and negative growth of 0.24 per cent in Rupee terms over the same period last year. 

Oil imports during June, 2014 were valued at US $ 13342.8 million which was 10.90 per cent higher than oil imports valued at US $ 12031.1 million in the corresponding period last year. Oil imports during April-June, 2014-15 were valued at US $ 40785.5 million which was 4.0 per cent higher than the oil imports of US $ 39204.1 million in the corresponding period last year. 

Non-oil imports during June, 2014 were estimated at US $ 24900.2 million which was 7.0 per cent higher than non-oil imports of US $ 23272.4 million in June, 2013. Non-oil imports during April-June, 2014-15 were valued at US $ 72410.7 million which was 12.1 per cent lower than the level of such imports valued at US $ 82409.8 million in April-June, 2013-14. 

The trade deficit for April-June, 2014-15 was estimated at US $ 33083.93 million which was lower than the deficit of US $ 48326.21 million during April-June, 2013-14.
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