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Foreign Trade from India records growth of 20.18 percent

New Delhi: Exports during May 2018 were valued at the US $ 28.86 Billion as compared to the US $ 24.01 Billion during May 2017 exhibiting a positive growth of 20.18 per cent. In Rupee terms, exports were valued at Rs. 194928.45 crores in May 2018 as compared to Rs. 154713.69 crore during May 2017, registering a positive growth of 25.99 per cent.

Cumulative value of exports for the period April-May2018-19 was US$54.77Billion (Rs364981.41crore) as against the US $48.65 Billion (Rs313627.48 crore) registering a positive growth of 12.58 per cent in Dollar terms and 16.37 per cent in Rupee terms over the same period last year.

Non-petroleum and Non Gems and Jewellery exports during May 2018 were valued at the US $ 19.94 Billion as compared to the US $ 17.51 Billion during May 2017 exhibiting a positive growth of 13.85 per cent. Non-petroleum and Non Gems and Jewellery exports during April-May2018-19 were valued at US$ 39.74Billion as compared to US$ 35.23Billion for the corresponding period in 2017-18, an increase of 12.78%.

 

IMPORTS

Imports during May 2018 were valued at US$ 43.48 Billion (Rs293660.48 crore) which was 14.85 per cent higher in Dollar terms and 20.41 per cent higher in Rupee terms over the level of imports valued at US$ 37.86 Billion (Rs. 243888.74crore) in May 2017. Cumulative value of imports for the period April-May2018-19 was US$ 83.11 Billion (Rs. 553745.15 crores) as against US$ 75.74 Billion (Rs. 488269.26crore) registering a positive growth of 9.72 per cent in Dollar terms and 13.41 per cent in Rupee terms over the same period last year.

CRUDE OIL AND NON-OIL IMPORTS:

Oil imports during May 2018 were valued at US$ 11.50Billion(Rs. 77654.11 crore) which was 49.46 per cent higher in Dollar terms and 56.69 per cent higher in Rupee terms compared to US$ 7.69 Billion (Rs. 49560.16 crores) in May 2017. Oil imports during April-May2018-19 were valued at US$ 21.91 Billion (Rs. 145998.35 crore) which was 45.56 per cent higher in Dollar terms and 50.46 per cent higher in Rupee terms compared to US$ 15.05 Billion (Rs. 97032.66 crores) in the corresponding period last year.

In this connection, it is mentioned that the global Brent prices ($/bbl) have increased by 50.68% in May 2018 vis-à-vis May 2017 as per World Bank commodity price data (The pink sheet).

Non-oil imports during May 2018 were estimated at US$ 31.98 Billion(Rs.216006.37 crore) which was 6.03 per cent higher in Dollar terms and 11.16 per cent higher in Rupee terms compared to US$ 30.16Billion (Rs. 194328.58 crores) in May 2017. Non-oil imports during April-May2018-19 were valued at US$ 61.19 Billion(Rs.407746.80 crore) which was 0.83 per cent higher in Dollar terms and 4.22 per cent higher in Rupee terms compared to US$ 60.69 Billion (Rs. 391236.60 crore in April-May, 2017-18.

Non-Oil and Non-Gold imports in May 2018 valued at the US $ 28.50 billion has recorded a positive growth of 13.09% as compared to Non-Oil and non-Gold import in May 2017. Non-Oil and Non-Gold imports in April-May 2018 valued at the US $ 55.14 billion has recorded a positive growth of 6.28 % as compared to Non-Oil and Non-Gold import in April-May 2017.

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