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Ministry of Commerce & Industry
18April2016 18:38 IST
India’s Foreign Trade: March, 2016
I. MERCHANDISE TRADE
EXPORTS (including reexports)
Exports during March, 2016 were valued at US$ 22718.69 million (Rs.152264.96 crore) which was 5.47 per cent lower in Dollar
terms (1.45 per cent higher in Rupee terms) than the level of US$ 24032.55 million (Rs.150082.80 crore) during March, 2015.
Cumulative value of exports for the period AprilMarch 201516 was US$ 261136.80 million (Rs.1708841.43 crore) as against US$
310338.47 million (Rs.1896348.40 crore) registering a negative growth of 15.85 per cent in Dollar terms and 9.89 per cent in Rupee terms
over the same period last year.
Nonpetroleum exports in March 2016 are valued at US$ 20639.78 million against US$ 21386.48 million in March 2015, a
reduction of 3.49 per cent. Nonpetroleum exports during April to March 2016 are valued at US$ 231952.95 million as compared to US$
253544.33 million for the corresponding period in 2015, a reduction of 8.52 per cent.
The trend of falling exports is in tandem with other major world economies. The growth in exports have fallen for USA (10.81 per
cent), European Union (7.40 per cent), China (11.37 per cent) and Japan (12.85 per cent) for January 2016 over the corresponding period
previous year as per WTO statistics.
IMPORTS
Imports during March, 2016 were valued at US$ 27789.56 million (Rs.186250.88 crore) which was 21.56 per cent lower in
Dollar terms and 15.82 per cent lower in Rupee terms over the level of imports valued at US$ 35428.72 million (Rs.221251.65 crore)
in March, 2015. Cumulative value of imports for the period AprilMarch 201516 was US$ 379596.17 million (Rs.2481367.22 crore) as
against US$ 448033.42 million (Rs.2737086.58 crore) registering a negative growth of 15.28 per cent in Dollar terms and 9.34 per cent in
Rupee terms over the same period last year.
CRUDE OIL AND NONOIL IMPORTS:
Oil imports during March, 2016 were valued at US$ 4799.96 million which was 35.30 per cent lower than oil imports valued
at US$ 7418.51 million in the corresponding period last year. Oil imports during AprilMarch, 201516 were valued at US$ 82662.26
million which was 40.24 per cent lower than the oil imports of US$ 138325.50 million in the corresponding period last year.
Nonoil imports during March, 2016 were estimated at US$ 22989.60 million which was 17.92 per cent lower than nonoil
imports of US$ 28010.21 million in March, 2015. Nonoil imports during AprilMarch, 201516 were valued at US$ 296933.91
million which was 4.12 per cent lower than the level of such imports valued at US$ 309707.92 million in AprilMarch, 201415.
TRADE IN SERVICES (for February, 2016, as per the RBI Press Release dated 18th April, 2016)
EXPORTS (Receipts)
Exports during February, 2016 were valued at US$ 12329.00 Million (Rs. 84130.26 crore).
During February, 2016, on monthonmonth basis, growth in services export remained negative (with a growth of 1.94 per cent) as
compared to negative growth (10.44 per cent) during January 2016 (as per RBI’s Press Release for the respective months).
IMPORTS (Payments)
Imports during February, 2016 were valued at US$ 7189.00 million (Rs. 49056.08 crore).
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25/04/2017 India’s Foreign Trade: March, 2016
III.TRADE BALANCE
MERCHANDISE: The trade deficit for AprilMarch, 201516 was estimated at US$ 118459.37 million which was lower than the
deficit of US$ 137694.95 million during AprilMarch, 201415.
SERVICES: As per RBI’s Press Release dated 18th April 2016, the trade balance in Services (i.e. net export of Services) for
February, 2016 was estimated at US$ 5140 million. The net export of services for April February, 201516 was estimated at US$
64600.21 million which is lower than net export of services of US$ 69136.42 million during April February, 201415. (The data for
AprilFebruary 201516 has been derived by adding AprilDecember 201516 with month wise QE data of RBI Press Release dated
18th April 2016).
OVERALL TRADE BALANCE: Taking merchandise and services together, overall trade deficit for AprilMarch, 201516
estimated at US$ 53859.16 million as compared to US$ 68558.53 million over same period last year has fallen by 21.44 per cent
(Services data pertains to April February as February 2016 is the latest data available as per RBI’s Press Release dated 18th April
2016).
…
MERCHANDISE TRADE
EXPORTS & IMPORTS : (US $ Million)
(PROVISIONAL)
MARCH APRILMARCH
EXPORTS(including reexports)
201415 24032.55 310338.47
201516 22718.69 261136.80
%Growth201516/ 201415 5.47 15.85
IMPORTS
201415 35428.72 448033.42
201516 27789.56 379596.17
%Growth201516/ 201415 21.56 15.28
TRADE BALANCE
201415 11396.17 137694.95
201516 5070.87 118459.37
EXPORTS & IMPORTS : (Rs. Crore)
(PROVISIONAL)
MARCH APRILMARCH
EXPORTS(including reexports)
201415 150082.80 1896348.40
201516 152264.96 1708841.43
%Growth201516/ 201415 1.45 9.89
IMPORTS
201415 221251.65 2737086.58
201516 186250.88 2481367.22
%Growth201516/ 201415 15.82 9.34
TRADE BALANCE
201415 71168.85 840738.18
201516 33985.92 772525.79
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25/04/2017 India’s Foreign Trade: March, 2016
SERVICES TRADE
EXPORTS & IMPORTS (SERVICES) : (US $ Million)
(PROVISIONAL) February 201516
EXPORTS (Receipts) 12329.00
IMPORTS (Payments) 7189.00
TRADE BALANCE 5140.00
EXPORTS & IMPORTS (SERVICES): (Rs. Crore)
(PROVISIONAL) February 201516
EXPORTS (Receipts) 84130.26
IMPORTS (Payments) 49056.08
TRADE BALANCE 35074.18
Source: RBI Press Release dated 18th April 2016
DSM/nb
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