India’s Foreign Trade: April 2018

Ministry of Commerce & Industry

(Posted On: 15 MAY 2018 5:44 PM by PIB Delhi)

 

(A)  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

            

 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:

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.

 

(B)   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).

(C)   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
1 Tea 320.88 326.89 1.87
2 Coffee 596.17 550.57 -7.65
3 Rice 3661.78 4224.93 15.38
4 Other cereals 83.30 201.92 142.40
5 Tobacco 536.07 454.86 -15.15
6 Spices 1765.42 1833.05 3.83
7 Cashew 494.94 295.93 -40.21
8 Oil Meals 547.08 527.73 -3.54
9 Oil seeds 648.06 615.20 -5.07
10 Fruits & Vegetables 1409.58 1389.71 -1.41
11 Cereal preparations & miscellaneous processed items 714.21 796.77 11.56
12 Marine Products 3129.77 3301.96 5.50
13 Meat, dairy & poultry products 1933.95 2264.18 17.08
14 Iron Ore 1100.21 564.44 -48.70
15 Mica, Coal & Other Ores, Minerals including processed minerals 2118.49 2236.13 5.55
16 Leather & leather products 2600.99 2562.73 -1.47
17 Ceramic products & glassware 1095.70 1209.90 10.42
18 Gems & Jewellery 25616.92 21646.47 -15.50
19 Drugs & Pharmaceuticals 8339.81 9636.16 15.54
20 Organic & Inorganic Chemicals 8354.90 11772.70 40.91
21 Engineering Goods 39425.90 47186.80 19.68
22 Electronic Goods 3294.73 3672.99 11.48
23 Cotton Yarn/Fabs./made-ups, Handloom Products etc. 4999.98 5884.30 17.69
24 Man-made Yarn/Fabs./made-ups etc. 2629.22 2743.64 4.35
25 RMG of all Textiles 11272.24 8859.67 -21.40
26 Jute Mfg. including Floor Covering 166.50 146.23 -12.17
27 Carpet 771.13 729.69 -5.37
28 Handicrafts excl. handmade carpet 959.99 908.78 -5.33
29 Petroleum Products 18997.58 18463.36 -2.81
30 Plastic & 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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MM/RC
(Release ID: 1532173)