Trade deficit in FY14 till July rises to 4.6 per cent

Exports (including re-exports):

Exports during July 2013 were valued at US $ 25834.46 million (Rs. 154426.51 crore) which was 11.64 per cent higher in Dollar terms (20.25 per cent higher in Rupee terms) than the level of US $ 23140.43 million (Rs. 128417.33 crore) during July 2012, after contracting 4.6 per cent in June 2013. Rise in exports indicated recovery in global demand. Cumulative value of exports for the period April-July 2013 -14 was US $ 98290.13 million (Rs. 559531.29 crore) as against US $ 96632.20 million (Rs. 526301.34 crore) registering a growth of 1.72 per cent in Dollar terms and growth of 6.31 per cent in Rupee terms over the same period last year.

Imports:

Imports during July 2013 were valued at US $ 38102.56 million (Rs.227759.60 crore) representing a negative growth of 6.20 per cent in Dollar terms and growth of 1.04 per cent in Rupee terms over the level of imports valued at US $ 40619.45 million (Rs. 225416.80 crore) in July 2012 and compared with a decline of 0.4 per cent in June. Cumulative value of imports for the period April-July, 2013-14 was US $ 160738.29 million (Rs. 911927.33 crore) as against US $ 156327.95 million (Rs. 851289.60 crore) registering a growth of 2.82 per cent in Dollar terms and growth of 7.12 per cent in Rupee terms over the same period last year.

Crude Oil And Non-Oil Imports:

Oil imports during July, 2013 were valued at US $ 12709.4 million which was 8.02 per cent lower than oil imports valued at US $ 13816.9 million in the corresponding period last year. Oil imports during April-July 2013-14 were valued at US $ 54584.3 million which was 2.65 per cent higher than the oil imports of US $ 53174.3 million in the corresponding period last year.

Non-oil imports during July 2013 were estimated at US $ 25393.2 million which was 5.26 per cent lower than non-oil imports of US $ 26802.6 million in July, 2012. Non-oil imports during April-July 2013-14 were valued at US $ 106154.0 million which was 2.9 per cent higher than the level of such imports valued at US $ 103153.6 million in April-July 2012-13.

Trade Balance:

The trade deficit for April-July, 2013-14 was estimated at US $ 62448.16 million which was higher than the deficit of US $ 59695.75 million during April-July 2012-13.

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