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India's exports grows but trade deficit widens in November

By TIOL News Service

NEW DELHI , DEC 16, 2014: EXPORTS during November, 2014 were valued at USD 25960.57 million (Rs.160187.60 crore) which was 7.27 per cent higher in Dollar terms (5.68 per cent higher in Rupee terms) than the level of USD 24201.83 million (Rs. 151583.34 crore) during November, 2013. Cumulative value of exports for the period April-November 2014-15 was USD 215756.04 million (Rs 1305792.96 crore) as against USD 205436.81 million (Rs 1231786.75 crore) registering a growth of 5.02  per cent in Dollar terms and growth of 6.01 per cent in Rupee terms over the same period last year.

Imports during November, 2014 were valued at USD 42821.63 million (Rs.264227.44 crore) representing a growth of 26.79 per cent in Dollar terms and  a growth of 24.91 per cent in Rupee terms  over the level of imports valued at USD 33772.92 million (Rs. 211529.90 crore) in November, 2013. Cumulative value of imports for the period April-November 2014-15 was USD 316373.14 million (Rs 1915697.85 crore) as against USD 302327.26 million (Rs 1801892.93 crore) registering a  growth of 4.65 per cent in Dollar terms and growth of 6.32 per cent in Rupee terms over the same period last year.

CRUDE OIL AND NON-OIL IMPORTS:

Oil imports during November, 2014 were valued at USD 11716.0 million which was 9.7  per cent lower than oil imports valued at USD   12979.0 million in the corresponding period last year. Oil imports during April-November, 2014-15 were valued at USD 106557.9 million which was 1.6 per cent lower than the oil imports of USD 108285.1 million in the corresponding period last year.

Non-oil imports during November, 2014 were estimated at USD 31105.6 million which was 49.6 per cent higher than non-oil imports of USD 20793.9 million in November, 2013. Non-oil imports during April-November, 2014-15 were valued at USD 209815.2 million which was 8.1 per cent higher than the level of such imports valued at USD 194042.2 million in April-November, 2013-14

TRADE BALANCE

The trade deficit for April-November, 2014-15 was estimated at USD 100617.10 million which was higher than the deficit of USD 96890.45 million during April-November, 2013-14. 


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