Exports decline 11.19% and imports decline 11.39% In January 2015 (y-o-y)

Exports during January, 2015 were valued at US $ 23883.60 million (Rs.148617.82 crore) which was 11.19 per cent lower in Dollar terms (10.97 per cent lower in Rupee terms) than the level of US $ 26891.58 million (Rs. 166932.15 crore) during January, 2014. Cumulative value of exports for the period April-January 2014-15 was US $ 265037.38 million (Rs 1613789.24 crore) as against US $ 258721.45 million (Rs 1562119.12 crore) registering a growth of 2.44 per cent in Dollar terms and growth of 3.31 per cent in Rupee terms over the same period last year.

Imports during January, 2015 were valued at US $ 32205.63 million (Rs.200402.44 crore) which was 11.39 per cent lower in Dollar terms and 11.18 per cent lower in Rupee terms over the level of imports valued at US $ 36346.32 million (Rs. 225623.44 crore) in January, 2014. Cumulative value of imports for the period April-January 2014-15 was US $ 383411.33 million (Rs 2334685.06 crore) as against US $ 375253.67 million (Rs 2253984.83 crore) registering a growth of 2.17 per cent in Dollar terms and growth of 3.58 per cent in Rupee terms over the same period last year.

Oil imports during January, 2015 were valued at US $ 8247.65 million which was 37.46 per cent lower than oil imports valued at US $ 13187.76 million in the corresponding period last year. Oil imports during April-January, 2014-15 were valued at US $ 124747.13 million which was 7.87 per cent lower than the oil imports of US $ 135396.32 million in the corresponding period last year.

Non-oil imports during January, 2015 were estimated at US $ 23957.98 million which was 3.45 per cent higher than non-oil imports of US $ 23158.56 million in January, 2014. Non-oil imports during April-January, 2014-15 were valued at US $ 258664.20 million which was 7.84 per cent higher than the level of such imports valued at US $ 239857.35 million in April-January, 2013-14.

The trade deficit for April-January, 2014-15 was estimated at US $ 118373.95 million which was higher than the deficit of US $ 116532.22 million during April-January, 2013-14.

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