by Aanchal Magazine -Cogencis,
Thursday, Oct 15
--India Sep exports $21.84 bln, dn 24.3% on yr
--India Sep trade deficit $10.48 bln vs $14.47 bln year ago
--India Sep imports $32.32 bln, down 25.4% on year
--India Sep oil imports $6.63 bln, down 54.5% on year
--India Sep non-oil imports $25.70 bln, down 10.7% on year
--India Sep gold imports $2.06 bln, down 45.6% on year
--India Apr-Sep trade deficit $67.99 bln vs $72.69 bln year ago
--India Apr-Sep exports $132.94 bln, down 17.6% on year
--India Apr-Sep imports $200.93 bln, down 14.2% on yr
--India Sep iron, steel imports $1.33 bln, dn 9.2% on year
--India Sep gems & jewellery exports $3.65 bln, dn 18.8% on year
--India Sep petroleum pdt exports $2.45 bln, dn 60.4% on year
--India Sep electronic goods imports $4.38 bln, up 24.7% on year
--India Sep pulses imports $257 mln, up 10.1% on year
NEW DELHI - India's merchandise trade deficit narrowed 27.6% on year to $10.48 bln in September, due to decline in oil, coal and gold imports, data released today by the commerce and industry ministry showed. On a sequential basis also, the trade deficit in September narrowed from $12.48 in August. Both exports and imports, however, posted on-year contractions for the tenth consecutive month. Exports declined 24.3% on year to $21.84 bln in September, while imports fell 25.4% to $32.32 bln.
Oil imports declined 54.5% on year in September to $6.63 bln, while non-oil imports fell 10.7% on year to $25.70 bln. Gold imports also declined 45.6% on year to $2.06 bln in September after rising a whopping 140% on year in the previous month. Imports of coal, coke and briquettes declined 35.6% on year to $910 mln.
Pulses imports rose 10.1% on year to $257 mln in September, while engineering goods imports fell 22.8% on year to $5.03 bln, the data showed. The country imported electronic goods worth $4.39 bln in September, up 24.7% on year, while fertiliser imports rose 63.6% on year to $997.9 mln. Gems and jewellery exports fell 18.8% on year to $3.65 bln during the month, while iron ore exports declined 40.4% on year to $9.5 mln, the data showed.
Exports of petroleum products contracted 60.4% to $2.45 bln in September. Total exports in Apr-Sep declined 17.6% to $132.94 bln, while imports fell 14.2% to $200.93 bln. India's trade deficit in Apr-Sep narrowed to $67.99 bln from $72.69 bln in the corresponding period last year. The following table details India's trade data for September, in bln dollars, with the month-ago and year-ago figures and comparison:
September August September Yr-on-Yr
2015 2015 2014 % change
Exports 21.845 21.266 28.868 (-)24.3
Imports 32.324 33.744 43.342 (-)25.4
Oil imports 6.627 7.357 14.573 (-)54.5
Non-oil imports 25.697 26.387 28.769 (-)10.7
Trade deficit 10.479 12.478 14.474 (-)27.6
Apr-Sep Apr-Sep Yr-on-Yr
2015-16 2014-15 % change
Exports 132.939 161.397 (-)17.6
Imports 200.934 234.089 (-)14.2
Oil imports 48.129 82.379 (-)41.6
Non-oil imports 152.805 151.710 0.7
Trade deficit 67.995 72.692 (-) 6.5
Monthly data for financial year 2015-16 (Apr-Mar) and the previous year (in bln dollars):
Exports Yr-on-yr Imports Yr-on-yr Trade deficit
15-16 14-15 % change 15-16 14-15 % change 15-16 14-15
Apr 22.055* 25.634 (-)14.0 33.047* 35.720 (-) 7.5 10.992* 10.086
May 22.347* 27.999 (-)20.2 32.753* 39.233 (-)16.5 10.406* 11.235
Jun 22.289* 26.480 (-)15.8 33.117* 38.243 (-)13.4 10.827* 11.763
Jul 23.137* 25.793 (-)10.3 35.950* 40.068 (-)10.3 12.812* 14.275
Aug 21.266* 26.803 (-)20.7 33.744* 37.473 (-)10.0 12.478* 10.669
Sep 21.845* 28.868 (-)24.3 32.324* 43.342 (-)25.4 10.479* 14.474
Oct 26.094* 39.452* 13.357*
Nov 25.961* 42.822* 16.861*
Dec 25.398* 34.833* 9.435*
Jan 23.884* 32.206* 8.322*
Feb 21.545* 28.392* 6.847*
Mar 23.951* 35.745* 11.794*
* Provisional
The ministry releases revised data after a gap of a year. US$1 = 64.81 rupees (Source: Cogencis)