October merchandise exports decline by 5%

 

September Services exports at US$12.9bn

 

India’s exports for the month of October 2014 stand at around USD 26.09 billion with a (Y-O-Y) growth of (-) 5.04% as compared to USD 28.9 billion in September 2014 with a (Y-O-Y) growth of 2.73%. During October 2014, the imports were USD 39.5 billion with a (Y-O-Y) growth of around 3.62% as compared to USD 43.2 billion in September 2014. The balance of trade stands at around USD (-) 13.4 billion during October 2014 as compared to USD (-) 14.3 billion during September 2014.

 

Value of Merchandise Trade                                                USD billion

Period

September

October

April-October

Exports

FY 15

28.9

26.09

189.7

Growth (%)

2.73

(-) 5.04

4.72

Imports

FY 15

43.2

39.5

273.5

Growth (%)

25.9

3.62

1.86

Trade balance

FY 15

(-)14.3

(-) 13.4

(-) 83.8

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

 

The cumulative figure for the period of April-October FY2015 shows exports at around USD 189.7 billion as compared to USD 181.23 billion in April-October FY2014 with a growth of 4.72%; while the cumulative imports for April-October FY2015 stands at USD 273.5 billion as compared to USD 268.5 billion in April-October FY2014 with a growth of 1.86%. The cumulative figure for the balance of trade for the period of April-October FY2015 stands at around USD (-) 83.8 billion as compared to USD (-) 87.3 billion in April-October FY2014.

 

 Trend in Exports and Imports                                                                                                (%)

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

 

India’s services exports stands at around USD 12.9 billion and services imports stands at USD 6.2 billion for the month of September 2014. The trade balance in services stands at USD 6.7 billion during September 2014.

 

 Value of Service Trade                           (USD billion)

Period

August

September

Exports

FY 15

12.2

12.9

Imports

FY 15

6.7

6.2

Trade balance

FY 15

5.5

6.7

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

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