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Exports up by nearly 10 pc in dollar terms in 2017-18

 

Exports during 2017-18 are at $ 302.84 billion, registering a growth of 9.78 per cent in dollar terms vis-à-vis 2016-17.

 

Exports during March 2018 were valued at $ 29.11 billion as compared to $ 29.30 billion during March 2017 exhibited negative growth of 0.66 per cent. In rupee terms, exports were valued at Rs 189,271.16 crore as compared to Rs 193,028.91 crore during March 2017, registering a fall of 1.95 per cent.

 

During March 2018, major commodity groups of export showing positive growth over the corresponding month of the previous year were engineering goods (2.62 per cent), organic and inorganic chemicals (31.75 per cent), drugs and pharmaceuticals (8.4 per cent), cotton yarn/fabrics/made-ups, handloom products, etc. (14.27 per cent) and rice (20.91 per cent).

 

Cumulative value of exports for the period April-March 2017-18 was $ 302.84 billion (Rs 1,952,168.79 crore) as against $ 275.85 billion (Rs 1,849,428.76 crore), registering a positive growth of 9.78 per cent in dollar terms and 5.56 per cent in rupee terms over the same period last year.

 

Non-petroleum and non-gems and jewellery exports in March 2018 were valued at $ 22.42 billion as against $ 21.44 billion in March 2017, an increase of 4.60 per cent. Non-petroleum and non-gems and jewellery exports during April-March 2017-18 were valued at $ 222.45 billion as compared to $ 200.89 billion for the corresponding period of 2016-17, an increase of 10.73 per cent.

 

Imports

 

Imports during March 2018 were valued at $ 42.80 billion (Rs 278,296.95 crore) which was 7.15 per cent higher in dollar terms and 5.75 per cent higher in rupee terms over the level of imports valued at $ 39.95 billion (Rs 263,155.49 crore) in March 2017. Cumulative value of imports for the period April-March 2017-18 was $ 459.67 billion (Rs 2,962,897.70 crore) as against $ 384.36 billion (Rs 2,577,665.59 crore), registering a positive growth of 19.59 per cent in dollar terms and 14.94 per cent in rupee terms over the same period last year.

 

Major commodity groups of import showing high growth in March 2018 over the corresponding month of the previous year were petroleum, crude and products (13.92 per cent), electronic goods (2.53 per cent), machinery, electrical and non-electrical (33.41 per cent), pearls, precious and semi-precious stones (0.78 per cent), coal, coke and briquettes, etc. (44.67 per cent).

 

Crude oil and non-oil imports

 

Oil imports during March 2018 were valued at $ 11.11 billion which was 13.92 per cent higher than oil imports valued at $ 9.75 billion in March 2017. Oil imports during April- March 2017- 18 were valued at $ 109.11 billion which was 25.47 per cent higher than the oil imports of $ 86.96 billion in the corresponding period last year.

 

In this connection it is mentioned that the global Brent prices ($/bbl) have increased by 27.86 per cent in March 2018 vis-à-vis March 2017 as per World Bank commodity price data.

 

Non-oil imports during March 2018 were estimated at $ 31.69 billion which was 4.96 per cent higher than non-oil imports of $ 30.20 billion in March 2017. Non-oil imports during April-March 2017-18 were valued at $ 350.56 billion which was 17.88 per cent higher than the level of such imports valued at $ 297.39 billion in April-March 2016-17.

 

Source: Exim News Service - New Delhi, April 15

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Currency Import Export
U.S.Dollar 72.62 71.72
U.K.Pound 94.69 92.84
Euro 82.14 80.77

As On 14th November, 2018

more forex rates...

Currency Import Export
U.S.Dollar 74.70 73.00
Sterling Pound 96.55 93.25
Euro 85.35 82.30

w.e.f. 02nd November, 2018

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