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India’s Foreign Trade: April 2018

May 15, 2018: The data on India's foreign trade for the month of April, 2018 as released by the Ministry of Commerce & Industry, Department of Commerce, Economic Division, is presented hereunder.

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
India’s Foreign Trade for April 2018

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:
India’s Foreign Trade for April 2018

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 2018
MERCHANDISE TRADE Foreign Trade of India April 2018

EXPORTS & IMPORTS: (Rs. Crore)
(PROVISIONAL) APRIL 2018
MERCHANDISE TRADE Foreign Trade of India April 2018

SERVICES TRADE
SERVICES TRADE - Foreign Trade of India March 2018



QUICK ESTIMATES FOR SELECTED MAJOR COMMODITIES FOR APRIL 2018

TRADE: EXPORT

(Values in Rs. crores)
export estimates major commodities india april 2018
Note: The figures for APRIL'18 and APRIL'17 are provisional and subject to change

(Values in Million USD)
export estimates major commodities india april 2018
Note 1: Exports include Re-Exports.
Note 2: The figures for APRIL'18 and APRIL'17 are provisional and subject to change

TRADE: IMPORT

(Values in Rs. crores)
import estimates major commodities india april 2018
Note: The figures for APRIL'18 and APRIL'17 are provisional and subject to change

(Values in Million USD)
import estimates major commodities india april 2018
Note 1: Imports include Re-Imports.
Note 2: The figures for APRIL'18 and APRIL'17 are provisional and subject to change.


MERCHANDISE TRADE FOR SDDS

MERCHANDISE TRADE of India for SDDS IMF

*SDDS - Special Data Dissemination Standard established by the International Monetary Fund (IMF).

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