India‚??s Foreign Trade: June, 2016

During June,2016 exports were valued at US$ 22572.30 million (Rs.151904.56 crore) which was 1.27 per cent higher in Dollar terms (6.72 per cent higher in Rupee terms) than the level of US$ 22289.43 million (Rs. 142341.88 crore) during June,2015. Cumulative value of exports for the period April-June 2016-17 was US$ 65311.77 million (Rs.436960.98 crore) as against US$ 66690.90 million (Rs.423315.24 crore) registering a negative growth of 2.07 per cent in Dollar terms and positive growth of 3.22 per cent in Rupee terms over the same period last year. Non-petroleum exports have recorded a positive growth of 3.06% in June 2016, higher than the 1.01% growth achieved in May 2016. During June 2016 Non-petroleum exports were valued at US$ 19997.33 million against US$ 19403.89 million in June 2015, an increase of 3.06%. Non-petroleum exports during April to June 2016 are valued at US$ 58706.57million as compared to US$ 58622.45 million for the corresponding period in 2015, an increase of 0.14 %. The growth in exports have fallen for USA (-7.44%), Japan (-2.23%), China (-1.79%) but European Union exhibited positive growth (4.33%) for April 2016 over the corresponding period of previous year as per latest WTO statistics. IMPORTS Imports during June 2016 were valued at US$ 30688.54 million (Rs. 206524.39 crore) which was 7.33 per cent lower in Dollar terms and 2.35 per cent lower in Rupee terms over the level of imports valued at US$ 33116.55 million (Rs. 211484.61 crore) in June,2015. Cumulative value of imports for the period April-June 2016-17 was US$ 84545.78 million (Rs. 565754.29 crore) as against US$ 98916.56 million (Rs. 627830.30 crore) registering a negative growth of 14.53 per cent in Dollar terms and 9.89 per cent in Rupee terms over the same period last year. CRUDE OIL AND NON-OIL IMPORTS: Oil imports during June, 2016 were valued at US$ 7252.11 million which was 16.42 per cent lower than oil imports valued at US$ 8676.38 million in the corresponding period last year. Oil imports during April-June, 2016-17 were valued at US$ 18846.62 million which was 23.57 per cent lower than the oil imports of US$ 24657.97 million in the corresponding period last year. Non-oil imports during June, 2016 were estimated at US$ 23436.43 million which was 4.11 per cent lower than non-oil imports of US$ 24440.17 million in June, 2015. Non-oil imports during April-June 2016-17 were valued at US$ 65699.16 million which was 11.53 per cent lower than the level of such imports valued at US$ 74258.59 million in April-June, 2015-16. TRADE BALANCE trade deficit for April- June 2016-17 is estimated at US$ 7971.01 million which is 62.01 percent lower in Dollar terms than the level of US$ 20981.66 million during April-June 2015-16.

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