Ministry of Commerce & Industry

India’s Foreign Trade: December 2018

Posted On: 15 JAN 2019 5:51PM by PIB Delhi

India’s overall exports (Merchandise and Services combined) in April-December 2018-19* are estimated to be USD 396.73Billion, exhibiting a positive growth of 13.79per cent over the same period last year. Overall imports in April-December2018-19* are estimated to be USD 479.46Billion, exhibiting a positive growth of 14.63per cent over the same period last year.

 

*Note: Services data pertains to April-November 2018-19 as November 2018 is the latest data available as per RBI’s Press Release dated 15th January 2019. It is arrived at by adding Month-wise QE dataof RBI’s press release for April to November 2018-19. This data is provisional and subject to revision by RBI. In addition, it may be noted that data for December 2018 is estimated and added to the April-November 2018-19 data of RBI to calculate the Overall Trade Deficit for April-December 2018-19. It will be revised based on RBI’s next press release for December 2018.

 

I. MERCHANDISE TRADE

EXPORTS (including re-exports)

Exports inDecember 2018 were US $ 27.93 Billion, as compared to US $ 27.83 Billion in December 2017, exhibiting a positive growth of 0.34per cent. In Rupee terms, exports were Rs. 1,97,535.86 Crore in December 2018, as compared to Rs. 1,78,802.77 Crore in December 2017, registering a positive growth of 10.48 per cent.    

InDecember 2018, major commodity groups of export showing positive growth over the corresponding month of last year are

           

Cumulative value of exports for the period April-December 2018-19 was US $ 245.44 Billion (Rs.17,11,905.60 Crore) as against US $ 222.77 Billion (Rs.14,36,614.25 Crore) during the period April-December 2017-18, registering a positive growth of 10.18 per cent in Dollar terms (19.16 per cent in Rupee terms).

Non-petroleum and Non Gems and Jewellery exports in December 2018 were US $ 21.11 Billion, as compared to US $ 20.88 Billion in December 2017, exhibiting a positive growth of 1.08 per cent. Non-petroleum and Non Gems and Jewellery exports in April-December 2018-19 were US $ 177.66 Billion, as compared to US $ 164.66 Billion for the corresponding period in 2017-18, an increase of 7.90 per cent.

IMPORTS

Imports in December 2018 were US $ 41.01 Billion (Rs. 2,90,032.95 Crore), which was 2.44 per cent lower in Dollar terms and 7.41 per cent higher in Rupee terms over imports of US $ 42.03 Billion (Rs.2,70,015.44Crore) in December 2017. Cumulative value of imports for the period April-December 2018-19 was US $ 386.65 Billion (Rs.26,97,306.82 Crore), as against US $ 343.34 Billion (Rs.22,14,370.92 Crore) during the period April-December 2017-18, registering a positive growth of 12.61 per cent in Dollar terms (21.81 per cent in Rupee terms).

Major commodity groups of import showing high growth in December 2018 over the corresponding month of last year are:

CRUDE OIL AND NON-OIL IMPORTS:

Oil imports inDecember 2018 were US $ 10.67 Billion (Rs. 75,486.52 Crore), which was 3.16 percent higher in Dollar terms (13.58 percent higher in Rupee terms), compared to US $ 10.35 Billion (Rs. 66,458.79 Crore) in December 2017. Oil imports in April-December 2018-19 were US $ 108.10 Billion (Rs. 7,55,255.78 Crore) which was 42.85 per cent higher in Dollar terms (54.73 percent higher in Rupee terms) compared to US $ 75.67 Billion (Rs. 4,88,125.91 Crore), over the same period last year.

In this connection it is mentioned that the global Brent price ($/bbl) has decreased by 12.07 % in December 2018 vis-à-vis December 2017 as per data available from World Bank (Pink Sheet).

Non-oil imports inDecember 2018 were estimated at US $ 30.33 Billion (Rs.2,14,546.43 Crore) which was 4.27 per cent lower in Dollar terms (5.40percent higher in Rupee terms), compared to US $ 31.69Billion (Rs. 2,03,556.65 Crore) in December 2017. Non-oil imports in April-December 2018-19 were US $ 278.54 Billion (Rs.19,42,051.04 Crore) which was 4.06per cent higher in Dollar terms (12.50percent higher in Rupee terms), compared to US $ 267.66 Billion (Rs. 17,26,245.01 Crore) in April-December2017-18.

Non-Oil and Non-Gold imports were US $ 27.76 billion in December 2018, recording a negative growth of 1.86per cent, as compared to Non-Oil and Non-Gold imports in December 2017. Non-Oil and Non-Gold imports were US $ 253.89 billion in April-December 2018-19, recording a positive growth of 5.32per cent, as compared to Non-Oil and Non-Gold imports in April-December 2017-18.

 

II. TRADE IN SERVICES (for November, 2018, as per the RBI Press Release dated 15th January 2019)

EXPORTS (Receipts)

Exports inNovember2018 were US $ 16.68Billion (Rs.1,19,831.25 Crore) registering a negative growth of 0.82per cent in dollar terms, vis-à-vis October 2018. (as per RBI’s Press Release for the respective months).

IMPORTS (Payments)

Imports inNovember2018 were US $ 10.11Billion (Rs.72,637.41Crore) registering a positive growth of 0.10per cent in dollar terms,vis-à-vis October 2018.  (as per RBI’s Press Release for the respective months).

III.TRADE BALANCE

MERCHANDISE: The trade deficit for December 2018 was estimated at US $ 13.08Billion as against the deficit of US $ 14.20Billion inDecember 2017.

SERVICES: As per RBI’s Press Release dated 15th January 2019, the trade balance in Services (i.e. Net Services export) for November, 2018 is estimated at US $ 6.57Billion.

OVERALL TRADE BALANCE: Taking merchandise and services together, overall trade deficit for April-December 2018-19* is estimated at US $ 82.72Billion as compared to US $ 69.63Billion in April-December 2017-18.

*Note: Services data pertains to April-November 2018-19 as November 2018 is the latest data available as per RBI’s Press Release dated 15th January 2019. It is arrived at by adding Month-wise QE dataof RBI’s press release for April to November 2018-19. This data is provisional and subject to revision by RBI. In addition, it may be noted that data for December 2018 is estimated and added to the April-November 2018-19 data of RBI to calculate the Overall Trade Deficit for April-December 2018-19. It will be revised based on RBI’s next press release for December 2018.

 

 

MERCHANDISE TRADE

 

 

EXPORTS & IMPORTS: (US $ Billion)

(PROVISIONAL)

 

DECEMBER

APRIL-DECEMBER

EXPORTS (including re-exports)

   

2017-18

27.83

222.77

2018-19

27.93

245.44

%Growth 2018-19/ 2017-18

0.34

10.18

IMPORTS

   

2017-18

42.03

343.34

2018-19

41.01

386.65

%Growth 2018-19/ 2017-18

-2.44

12.61

TRADE BALANCE

   

2017-18

-14.20

-120.57

2018-19

-13.08

-141.20

EXPORTS & IMPORTS: (Rs. Crore)

(PROVISIONAL)

 

DECEMBER

APRIL- DECEMBER

EXPORTS(including re-exports)

   

2017-18

178802.77

1436614.25

2018-19

197535.86

1711905.60

%Growth 2018-19/ 2017-18

10.48

19.16

IMPORTS

 

 

2017-18

270015.44

2214370.92

2018-19

290032.95

2697306.82

%Growth 2018-19/ 2017-18

7.41

21.81

TRADE BALANCE

 

 

2017-18

-91212.68

-777756.67

2018-19

-92497.09

-985401.22

 

SERVICES TRADE

 

EXPORTS & IMPORTS (SERVICES) : (US $ Billion)

(Provisional)

NOVEMBER 2018

APRIL-NOVEMBER 2018-19

EXPORTS (Receipts)

16.68

134.56

IMPORTS (Payments)

10.11

82.78

TRADE BALANCE

6.57

51.78

EXPORTS & IMPORTS (SERVICES): (Rs. Crore)

(Provisional)

NOVEMBER 2018

APRIL-NOVEMBER 2018-19

EXPORTS (Receipts)

1,19,831.25

9,36,338.94

IMPORTS (Payments)

72,637.41

5,75,771.15

TRADE BALANCE

47,193.84

3,60,567.79

 

Note: Services data pertains to April-November 2018-19 as November 2018 is the latest data available as per RBI’s Press Release dated 15thJanuary 2019. April-November 2018-19 data is arrived at by adding Month-wise QE data. This has been used along with the estimate of service exports and imports for December 2018, as explained in page-1 for the purpose of this Press note.

QUICK ESTIMATES FOR SELECTED MAJOR COMMODITIES FOR DECEMBER 2018

 TRADE: EXPORT

Sl. No.

Commodities

(Values in Rs. crores)

% change

DEC'17

DEC'18

DEC'18

1

Tea

584.82

572.82

-2.05

2

Coffee

486.79

346.55

-28.81

3

Rice

4089.11

4562.55

11.58

4

Other cereals

106.37

170.75

60.53

5

Tobacco

543.08

630.83

16.16

6

Spices

1780.06

1874.50

5.31

7

Cashew

535.06

506.48

-5.34

8

Oil Meals

914.87

1367.62

49.49

9

Oil seeds

918.11

737.86

-19.63

10

Fruits & Vegetables

1342.91

1285.90

-4.25

11

Cereal preparations & miscellaneous processed items

850.43

904.81

6.39

12

Marine Products

4214.13

4294.81

1.91

13

Meat, dairy & poultry products

3251.48

2698.63

-17.00

14

Iron Ore

926.95

862.12

-6.99

15

Mica, Coal & Other Ores, Minerals including processed minerals

2097.52

2479.73

18.22

16

Leather & leather products

3032.97

3092.13

1.95

17

Ceramic products & glassware

1229.89

1940.30

57.76

18

Gems &Jewellery

20761.83

18467.15

-11.05

19

Drugs & Pharmaceuticals

10735.12

11739.70

9.36

20

Organic & Inorganic Chemicals

12229.06

14205.07

16.16

21

Engineering Goods

47493.47

50658.38

6.66

22

Electronic Goods

3555.42

5903.51

66.04

23

Cotton Yarn/Fabs./made-ups, Handloom Products etc.

6055.88

6301.07

4.05

24

Man-made Yarn/Fabs./made-ups etc.

2682.88

2915.40

8.67

25

RMG of all Textiles

8590.47

9720.59

13.16

26

Jute Mfg. including Floor Covering

200.83

217.57

8.33

27

Carpet

807.08

944.11

16.98

28

Handicrafts excl. handmade carpet

946.49

1071.00

13.15

29

Petroleum Products

23883.91

29762.08

24.61

30

Plastic & Linoleum

4035.19

5339.28

32.32

 

Sub Total

168882.19

185573.30

9.88

 

 GRAND   TOTAL

178802.77

197535.86

10.48

 

Note 1: Grand total is inclusive of component ‘Other’.

Note 2: The figures for DECEMBER'18 and DECEMBER'17 are provisional and subject to change

 

 

QUICK ESTIMATES FOR SELECTED MAJOR COMMODITIES FOR DECEMBER 2018

 

TRADE: EXPORT

Sl. No.

Commodities

(Values in Million USD)

% change

DEC'17

DEC'18

DEC'18

1

Tea

91.03

80.99

-11.03

2

Coffee

75.77

49.00

-35.33

3

Rice

636.51

645.06

1.34

4

Other cereals

16.56

24.14

45.77

5

Tobacco

84.54

89.19

5.50

6

Spices

277.09

265.02

-4.36

7

Cashew

83.29

71.61

-14.02

8

Oil Meals

142.41

193.35

35.77

9

Oil seeds

142.91

104.32

-27.00

10

Fruits & Vegetables

209.04

181.80

-13.03

11

Cereal preparations & miscellaneous processed items

132.38

127.92

-3.37

12

Marine Products

655.97

607.20

-7.43

13

Meat, dairy & poultry products

506.13

381.53

-24.62

14

Iron Ore

144.29

121.89

-15.52

15

Mica, Coal & Other Ores, Minerals including processed minerals

326.50

350.59

7.38

16

Leather & leather products

472.11

437.17

-7.40

17

Ceramic products & glassware

191.44

274.32

43.29

18

Gems &Jewellery

3231.80

2610.90

-19.21

19

Drugs & Pharmaceuticals

1671.04

1659.76

-0.68

20

Organic & Inorganic Chemicals

1903.58

2008.32

5.50

21

Engineering Goods

7392.87

7162.11

-3.12

22

Electronic Goods

553.44

834.64

50.81

23

Cotton Yarn/Fabs./made-ups, Handloom Products etc.

942.66

890.85

-5.50

24

Man-made Yarn/Fabs./made-ups etc.

417.62

412.18

-1.30

25

RMG of all Textiles

1337.20

1374.30

2.77

26

Jute Mfg. including Floor Covering

31.26

30.76

-1.60

27

Carpet

125.63

133.48

6.25

28

Handicrafts excl. hand made carpet

147.33

151.42

2.78

29

Petroleum Products

3717.79

4207.78

13.18

30

Plastic & Linoleum

628.12

754.87

20.18

 

Sub Total

26288.31

26236.47

-0.20

 

 GRAND   TOTAL

27832.56

27927.72

0.34

 

Note 1: Exports include Re-Exports.

Note 2: The figures for DECEMBER'18 and DECEMBER'17 are provisional and subject to change

Note 3: Grand total is inclusive of component ‘Other’.

QUICK ESTIMATES FOR SELECTED MAJOR COMMODITIES FOR DECEMBER 2018

TRADE: IMPORT

Sl. No.

Commodities

(Values in Rs. crores)

% change

DEC'17

DEC'18

DEC'18

1

Cotton Raw & Waste

158.51

181.16

14.29

2

 Vegetable Oil

5432.96

5103.64

-6.06

3

Pulses

1357.44

976.37

-28.07

4

Fruits & vegetables

1329.03

1309.25

-1.49

5

Pulp and Waste paper

616.16

744.19

20.78

6

Textile yarn Fabric, made-up articles

1061.83

1094.10

3.04

7

Fertilisers, Crude & manufactured

2642.42

5234.35

98.09

8

Sulphur & Unroasted Iron Pyrites

143.43

123.39

-13.97

9

Metalliferous ores & other minerals

4992.61

5069.53

1.54

10

Coal, Coke & Briquettes, etc.

13046.12

15999.90

22.64

11

Petroleum, Crude & products

66458.79

75486.52

13.58

12

Wood &  Wood products

3164.15

3517.68

11.17

13

Leather & leather products

548.25

597.03

8.90

14

Organic & Inorganic Chemicals

11218.48

12688.04

13.10

15

Dyeing/tanning/colouringmtrls.

1604.94

1725.01

7.48

16

Artificial resins, plastic materials, etc.

7363.96

8546.31

16.06

17

Chemical material & products

4057.29

4665.07

14.98

18

Newsprint

357.80

620.22

73.34

19

Pearls, precious & Semi-precious stones

22564.50

17868.44

-20.81

20

Iron & Steel

7935.85

10101.62

27.29

21

Non-ferrous metals

7097.44

8806.02

24.07

22

Machine tools

2081.96

2878.08

38.24

23

Machinery, electrical & non-electrical

18264.22

21793.83

19.33

24

Transport equipment

14271.50

13405.75

-6.07

25

Project goods

1222.74

2041.82

66.99

26

Professional instrument, Optical goods, etc.

2765.41

3385.60

22.43

27

Electronic goods

30022.72

30062.49

0.13

28

Medicinal. & Pharmaceutical products

3496.63

3797.87

8.62

29

Gold

21805.66

18165.99

-16.69

30

Silver

1267.33

2078.42

64.00

 

Sub Total

258350.13

278067.69

7.63

 

 GRAND   TOTAL

270015.44

290032.95

7.41

 

Note 1: Grand total is inclusive of component ‘Other’.

Note 2: The figures for DECEMBER'18 and DECEMBER'17 are provisional and subject to change

 

QUICK ESTIMATES FOR SELECTED MAJOR COMMODITIES FOR DECEMBER 2018

 

TRADE: IMPORT

 

Sl. No.

Commodities

(Values in Million USD)

% change

DEC'17

DEC'18

DEC'18

 

1

Cotton Raw & Waste

24.67

25.61

3.81

 

2

 Vegetable Oil

845.70

721.56

-14.68

 

3

Pulses

211.30

138.04

-34.67

 

4

Fruits & vegetables

206.88

185.10

-10.53

 

5

Pulp and Waste paper

95.91

105.21

9.70

 

6

Textile yarn Fabric, made-up articles

165.28

154.68

-6.41

 

7

Fertilisers, Crude & manufactured

411.32

740.04

79.92

 

8

Sulphur & Unroasted Iron Pyrites

22.33

17.44

-21.90

 

9

Metalliferous ores & other minerals

777.15

716.73

-7.77

 

10

Coal, Coke & Briquettes, etc.

2030.77

2262.07

11.39

 

11

Petroleum, Crude & products

10345.02

10672.32

3.16

 

12

Wood &  Wood products

492.53

497.33

0.97

 

13

Leather & leather products

85.34

84.41

-1.09

 

14

Organic & Inorganic Chemicals

1746.28

1793.84

2.72

 

15

Dyeing/tanning/colouringmtrls.

249.83

243.88

-2.38

 

16

Artificial resins, plastic materials, etc.

1146.28

1208.28

5.41

 

17

Chemical material & products

631.56

659.55

4.43

 

18

Newsprint

55.69

87.69

57.46

 

19

Pearls, precious & Semi-precious stones

3512.41

2526.25

-28.08

 

20

Iron & Steel

1235.30

1428.17

15.61

 

21

Non-ferrous metals

1104.79

1245.00

12.69

 

22

Machine tools

324.08

406.90

25.56

 

23

Machinery, electrical & non-electrical

2843.02

3081.22

8.38

 

24

Transport equipment

2221.51

1895.31

-14.68

 

25

Project goods

190.33

288.67

51.67

 

26

Professional instrument, Optical goods, etc.

430.47

478.66

11.19

 

27

Electronic goods

4673.36

4250.25

-9.05

 

28

Medicinal. & Pharmaceutical products

544.29

536.94

-1.35

 

29

Gold

3394.28

2568.32

-24.33

 

30

Silver

197.27

293.85

48.96

 

 

Sub Total

40214.95

39313.32

-2.24

 

 

 GRAND   TOTAL

42030.79

41005.01

-2.44

 

Note 1: Imports include Re-Imports.

Note 2: The figures for DECEMBER'18 and DECEMBER'17 are provisional and subject to change.

Note 3: Grand total is inclusive of component ‘Other’.

***

MM/SB

 

 



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