July merchandise exports rises by 7.3% to US $27.7bn

 

June Service exports estimated at US $12.9 bn

 

India’s exports for the month of July 2014 stand at around USD 27.7 billion with a (Y-O-Y) growth of 7.3% as compared to USD 26.4 billion in June 2014 with a (Y-O-Y) growth of 10.2%. During July 2014, the imports were USD 39.9 billion with a (Y-O-Y) growth of around 4.3% as compared to USD 38.2 billion in June 2014. The balance of trade stands at around USD (-) 12.2 billion during July 2014 as compared to USD (-) 11.8 billion during June 2014.

 

Value of Merchandise Trade                                                    USD billion

Period

June

July

April-July

Exports

FY 15

26.4

27.7

107.8

Growth (%)

10.2

7.3

8.6

Imports

FY 15

38.2

39.9

153.2

Growth (%)

8.3

4.3

(-) 3.8

Trade balance

FY 15

(-)11.8

(-) 12.2

(-)45.3

 Source: PHD Research Bureau, compiled from Ministry of Commerce and Industry, Govt of India

 

The cumulative figure for the period of April-July FY2015 shows exports at around USD 107.8 billion as compared to USD 99.2 billion in April-July FY2014 with a growth of 8.6%; while the cumulative imports for April-July FY2015 stands at USD 153.2  billion as compared to USD 159.2 billion in April-July FY2014 with a growth of (-) 3.8%. The cumulative figure for the balance of trade for the period of April-July FY2015 stands at around USD (-) 45.3 billion as compared to USD (-) 59.9 billion in April- July FY2014.

 

 Trend in Exports and Imports                                                                                                                    (%)

  Source: PHD Research Bureau, compiled from Ministry of Commerce and Industry, Govt of India

 

India’s services exports for the month of June 2014 stand at around USD 12.9 billion and services imports stand at USD 7.2 billion for the month of June 2014. The trade balance in services stands at USD 5.7 billion for the month of June 2014.

 

 Value of Service Trade                           (USD billion)

Period

July

Exports

FY 15

12.9

Imports

FY 15

7.2

Trade balance

FY 15

5.7

Source: PHD Research Bureau, compiled from Ministry of Commerce

and Industry, Govt of India

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