Overall Indian exports grow by about 2 per cent

New Delhi (NVI): India’s overall exports in April-September 2019-20 are estimated to be USD 267.21billion, exhibiting a positive growth of 1.93per cent  over the same period last year. Overall imports in April-September 2019-20 are estimated to be USD 312.16 billion, exhibiting a negative growth of 3.15 per cent over the same period last year, an official statement said.

Exports in September 2019 were USD 26.03 billion, as compared to USD 27.87billion in September 2018, exhibiting a negative growth of 6.57 per cent. In Rupee terms, exports were Rs. 1,85,710.81 crore in September 2019, as compared to Rs. 2,01,234.95crore in September 2018, registering a negative growth of 7.71 per cent.

In September 2019, major commodity groups of export showing positive growth over the corresponding month of last year are

Cumulative value of exports for the period April-September 2019-20 was USD 159.57 billion (Rs.11,16,766.77 crore) as against USD163.48 billion (Rs.11,21,474.97 crore) during the period April-September 2018-19, registering a negative growth of 2.39 per cent in Dollar terms (negative growth of 0.42 per cent in Rupee terms).

Non-petroleum and Non Gems and Jewellery exports in September 2019 were USD19billion, as compared to USD19.84 billion in September 2018, exhibiting a negative growth of 4.20per cent. Non-petroleum and Non Gems and Jewellery exports in April-September 2019-20 were USD118.41 billion, as compared to USD119.01 billion for the corresponding period in 2018-19, a decrease of 0.50 per cent.

Imports in September 2019 were USD 36.89 billion (Rs. 2,63,158.22 crore), which was 13.85 per cent lower in Dollar terms and 14.90 per cent lower in Rupee terms over imports of USD 42.82 billion (Rs.3,09,222.94 crore) in September 2018. Cumulative value of imports for the period April-September 2019-20 was USD 243.28 billion (Rs.17,01,997.27 crore), as against USD 261.63 billion (Rs.17,94,884.20 crore) during the period April-September 2018-19, registering a negative growth of 7.01 per cent in Dollar terms (negative growth of 5.18 per cent in Rupee terms).

Major commodity groups of import showing negative growth in September 2019 over the corresponding month of last year are:

Oil imports in September 2019 were USD8.98 billion (Rs. 64,034.71 crore), which was 18.33percentlower in Dollar terms (19.32 per cent lower in Rupee terms), compared to USD 10.99 billion (Rs. 79,373.45 crore) in September 2018. Oil imports in April-September 2019-20 were USD 64.30 billion (Rs. 4,49,870.52 crore) which was 8.22 per cent lower in Dollar terms (6.37 per cent lower in Rupee terms) compared to USD 70.06 billion (Rs. 4,80,497.71 crore), over the same period last year.

In this connection it is mentioned that the global Brent price ($/bbl) has decreased by 20.96% in September 2019 vis-à-vis September 2018 as per data available from World Bank.

Non-oil imports in September 2019 were estimated at USD27.91 billion (Rs. 1,99,123.51 crore) which was 12.30per cent lower in Dollar terms (13.37 per cent lower in Rupee terms), compared to USD31.83 billion (Rs. 2,29,849.49 crore) in September 2018. Non-oil imports in April-September 2019-20 were USD178.97 billion (Rs. 12,52,126.75 crore) which was 6.57per cent lower in Dollar terms (4.74 per cent lower in Rupee terms), compared to USD191.57billion (Rs. 13,14,386.50 crore) in April-September 2018-19.

Non-Oil and Non-Gold imports were USD26.64 billion in September 2019, recording a negative growth of 8.88per cent, as compared to Non-Oil and Non-Gold imports of USD 29.23billion in September 2018. Non-Oil and Non-Gold imports were USD163.17 billion in April-September 2019-20, recording a negative growth of 6.18 per cent, as compared to Non-Oil and Non-Gold imports USD 173.93 billion in April-September 2018-19.

As per the latest press release by RBI dated 15th October 2019, services exports in August 2019 were USD 18.24 billion (Rs. 1,29,798.22 crore) registering a positive growth of 10.40 per cent in dollar terms, vis-à-vis August 2018. The estimated value of services export for September 2019 is USD 18.11 billion.

-nad

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