India’s overall exports (Merchandise and Services combined) in April 2019 is estimated to be USD 44.06billion, exhibiting a positive growth of 1.34per cent over the April 2018.
According to a press release from Ministry of Commerce & Industry, overall imports in April 2019 is estimated to be USD 52.83billion, exhibiting a positive growth of 4.53per cent over April 2018.
MERCHANDISE TRADE
EXPORTS (including re-exports): Exports in April 2019 were USD26.07 billion, as compared to USD25.91billion in April 2018, exhibiting a positive growth of 0.64per cent.
In Rupee terms, exports were Rs. 1,81,021.34crore in April 2019, as compared to Rs. 1,70,052.96crore in April 2018, registering a positive growth of 6.45per cent.
Non-Petroleum and Non Gems and Jewellery exports in April 2019 were USD19.54billion, as compared to USD19.80billion in April 2018, exhibiting a negative growth of 1.31per cent.
IMPORTS: Imports in April 2019 were USD41.40billion (Rs. 2,87,432.93crore), which was 4.48per cent higher in dollar terms and 10.52per cent higher in Rupee terms over imports of USD39.63billion (Rs.2,60,084.67crore) in April 2018.
crude oil AND NON-OIL IMPORTS: Oil imports in April 2019 were USD11.38billion (Rs. 78,989.46crore), which was 9.26percent higher in dollar terms (15.58percent higher in Rupee terms), compared to USD10.41billion (Rs. 68,344.24crore) in April 2018.
In this connection it is mentioned that the global Brent price ($/bbl) has decreased by 0.60% in April 2019 vis-à-vis April 2018 as per data available from World Bank (Pink Sheet).
Non-oil imports inApril 2019 were estimated at USD30.02billion (Rs.2,08,443.47crore) which was 2.78 per cent higher in dollar terms (8.71percent higher in Rupee terms), compared to USD29.21billion (Rs. 1,91,740.43crore) in April 2018.
Non-Oil and Non-Gold imports wereUSD26.05billion in April 2019, recording a negative growth of 2.19per cent,compared to USD 26.63 billionin April 2018.
TRADE IN SERVICES
EXPORTS (Receipts): As per the latest press release by RBI dated 15th May 2019, exports inMarch2019 were USD17.94 billion (Rs.1,24,672.40crore) registering a positive growth of 6.59per cent in dollar terms, vis-à-vis March 2018.
IMPORTS (Payments): As per the latest press release by RBI dated 15th May 2019, imports in March 2019 were USD11.37billion (Rs.78,962.43crore) registering a positive growth of 10.55per cent in dollar terms,vis-à-vis March 2018.
TRADE BALANCE
MERCHANDISE: The trade deficit for April 2019 was estimated at USD15.33billion as against the deficit of USD13.72billion inApril 2018.
SERVICES: As per RBI’s Press Release dated 15th May 2019, the trade balance in Services (i.e. Net Services export) for March, 2019 is estimated at USD6.58billion.
OVERALL TRADE BALANCE: Taking merchandise and services together, overall trade deficit for April2019* is estimated at USD8.78 billion as compared to USD7.07billion in April2018.
