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Merchandise exports surge; Services exports remains muted

 

By TIOL News Service

NEW DELHI, JUNE 16, 2018: INDIA's exports has grown by more than 20% in the month of May. It was valued at USD 28.86 Billion as compared to USD 24.01 Billion during May 2017. In Rupee terms, exports were valued at Rs. 194928.45 crore 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-May 2018-19 was USD 54.77 bn (Rs 364981.41crore) as against USD 48.65 Billion (Rs 313627.48 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 USD 19.94 Billion as compared to USD 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-May 2018-19 were valued at USD 39.74 bn as compared to USD 35.23 bn for the corresponding period in 2017-18, an increase of 12.78%.

IMPORTS

Imports during May 2018 were valued at USD 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 USD 37.86 Billion (Rs. 243888.74crore) in May 2017. Cumulative value of imports for the period April-May2018-19 was USD 83.11 Billion (Rs. 553745.15 crore) as against USD 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.

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

TRADE IN SERVICES (for April, 2018)

Exports during April 2018 were valued at USD 17.56 Billion (Rs. 115277.03 Crore) registering a positive growth of 4.33 per cent in dollar terms as compared to positive growth of 7.16 per cent during March 2018.

Imports during April 2018 were valued at USD 10.92 Billion (Rs. 71642.02 Crore) registering a positivegrowth of 6.18 per cent in dollar terms as compared to positive growth of 1.35 per cent during March 2018.


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