News Details

Exports & imports rise again in June

 

India’s exports have shown continuous growth since September 2016. The June 2017 figures, released by the Ministry of Commerce, have further consolidated this trend, with outbound shipments increasing by 4.39 per cent in dollar terms over the same month of the previous year.

 

MERCHANDISE TRADE

 

Exports (including re-exports)

 

Exports have been exhibiting positive growth for the last nine months. In continuation with the growth in exports since September 2016, exports during June 2017 are up 4.39 per cent in dollar terms, valued at $ 23,562.62 million as against $ 22,572.30 million during June 2016. In rupee terms during June 2017, exports were valued at Rs 1,51,844.56 crore as compared to Rs 1,51,904.56 crore during June 2016, registering a negative growth of 0.04 per cent.

 

During June 2017, the major export commodity groups showing positive growth over the corresponding month of last year were engineering goods (14.78 per cent), petroleum products (3.60 per cent), organic and inorganic chemicals (13.20 per cent), rice (27.29 per cent) and marine products (24.27 per cent).

 

The cumulative value of exports during the period April-June 2017-18 was $ 72,212.33 million (Rs 4,65,472.04 crore) as against $ 65,311.77 million (Rs 4,36,960.98 crore), registering a positive growth of 10.57 per cent in dollar terms and 6.52 per cent in rupee terms over the same period last year.

 

Non-petroleum and non-gems and jewellery exports in June 2017 were valued at $ 17,480.56 million as against $ 16,488.23 million in June 2016, an increase of 6.02 per cent. Non-petroleum and non-gems and jewellery exports during April-June 2017-18 were valued at $ 52,713.79 million as compared to $ 48,028.95 million, up 9.75 per cent.

 

Imports

 

Imports during June 2017 were valued at $ 36,522.48 million (Rs 2,35,361.85 crore) which was 19.01 per cent higher in dollar terms and 13.96 per cent higher in rupee terms over the level of imports valued at $ 30,688.54 million (Rs 2,06,524.39 crore) in June 2016. The cumulative value of imports for the period April-June 2017-18 was
$ 112,263.10 million (Rs 7,23,631.11 crore) as against $ 84,545.78 million (Rs 5,65,754.29 crore), registering a positive growth of 32.78 per cent in dollar terms and 27.91per cent in rupee terms over the same period last year.

 

The major commodity group of imports showing high growth in June 2017 over the corresponding month of last year were petroleum, crude and products (12.04 per cent), electronic goods (24.22 per cent), pearls, precious and semi-precious stones (86.31 per cent), machinery, electrical and non-electrical (7.02 per cent) and gold (102.99 per cent).

 

Crude oil & non-oil imports

 

Crude oil imports during June 2017 were valued at $ 8,125.51 million which was 12.04 per cent higher than oil imports valued at $ 7,252.11 million in June 2016. Oil imports during April-June 2017-18 were valued at $ 23,177.49 million, 22.98 per cent higher than the oil imports of $ 18,846.62 million in the corresponding period last year.

 

Non-oil imports during June 2017 were estimated at $ 28,396.97 million, 21.17 per cent higher than non-oil imports of $ 23,436.43 million in June 2016. Non-oil imports during April-June 2017-18 were valued at $ 89,085.61 million, up 35.60 per cent than the level of such imports valued at $ 65,699.16 million in April-June 2016-17, informed a release.

 

Source: Exim News Service - New Delhi, July 16

Search News

Currency Import Export
U.S.Dollar 64.88 64.01
U.K.Pound 84.82 83.04
Euro 74.78 73.51

As On 20th July, 2017

more forex rates...

Currency Import Export
U.S.Dollar 65.65 63.95
Sterling Pound 85.35 82.50
Euro 74.65 72.25

w.e.f. 07th July, 2017

more custom rates...

CURRENT EVENT