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Trade deficit goes up to USD 137 bn between April-Mar, 2015

By TIOL News Service

NEW DELHI, APR 17, 2015: EXPORTS during March, 2015 were valued at USD 23951.16 million (Rs.149574.53 crore) which was 21.06 per cent lower in Dollar terms (19.20 per cent lower in Rupee terms) than the level of USD 30341.04 million (Rs. 185122.83 crore) during March, 2014. Cumulative value of exports for the period April-March 2014-15 was USD 310533.87 million (Rs 1897025.85 crore) as against USD 314415.73 million (Rs. 1905011.08 crore) registering a growth of -1.23 per cent in Dollar terms and growth of -0.42 per cent in Rupee terms over the same period last year.

IMPORTS Imports during March, 2015 were valued at USD 35744.68 (Rs.223224.83 crore) which was 13.44 per cent lower in Dollar terms and 11.40 per cent lower in Rupee terms over the level of imports valued at USD 41294.41 million (Rs. 251953.73 crore) in March, 2014. Cumulative value of imports for the period AprilMarch 2014-15 was USD 447548.33 million (Rs. 2734049.06 crore) as against USD 450213.63 million (Rs 2715433.89 crore) registering a growth of -0.59 per cent in Dollar terms and growth of 0.69 per cent in Rupee terms over the same period last year.

CRUDE OIL AND NON-OIL IMPORTS: Oil imports during March, 2015 were valued at USD 7413.30 million which was 52.68 per cent lower than oil imports valued at USD 15667.12 million in the corresponding period last year. Oil imports during April-March, 2014-15 were valued at USD 138261.66 million which was 16.09 per cent lower than the oil imports of USD 164770.33 million in the corresponding period last year. Non-oil imports during March, 2015 were estimated at USD 28331.38 million which was 10.55 per cent higher than non-oil imports of USD 25627.29 million in March, 2014. Non-oil imports during April-March, 2014-15 were valued at USD 309286.67 million which was 8.35 per cent higher than the level of such imports valued at USD 285443.30 million in April-March, 2013-14.

TRADE BALANCE The trade deficit for April-March, 2014-15 was estimated at USD 137014.46 million which was higher than the deficit of USD 135797.90 million during April-March, 2013-14.

Exports during February, 2015 were valued at USD 14099 Million (Rs. 87466.81 Crore). IMPORTS (Payments) Imports during February, 2015 were valued at USD 7896 Million (Rs. 48984.89 Crore). The trade balance in Services (i.e. net export of Services) for February, 2015 was estimated at USD 6203 Million.


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