India’s exports have shown continuous growth since September 2016. The June
2017 figures, released by the Ministry of Commerce, have further consolidated
this trend, with outbound shipments increasing by 4.39 per cent in dollar terms
over the same month of the previous year.
Exports (including re-exports)
Exports have been exhibiting positive growth for the last nine months. In
continuation with the growth in exports since September 2016, exports during
June 2017 are up 4.39 per cent in dollar terms, valued at $ 23,562.62 million
as against $ 22,572.30 million during June 2016. In rupee terms during June
2017, exports were valued at Rs 1,51,844.56 crore as compared to Rs 1,51,904.56
crore during June 2016, registering a negative growth of 0.04 per cent.
During June 2017, the major export commodity groups showing positive growth
over the corresponding month of last year were engineering goods (14.78 per
cent), petroleum products (3.60 per cent), organic and inorganic chemicals
(13.20 per cent), rice (27.29 per cent) and marine products (24.27 per cent).
The cumulative value of exports during the period April-June 2017-18 was $
72,212.33 million (Rs 4,65,472.04 crore) as against $ 65,311.77 million (Rs
4,36,960.98 crore), registering a positive growth of 10.57 per cent in dollar
terms and 6.52 per cent in rupee terms over the same period last year.
Non-petroleum and non-gems and jewellery exports in June 2017 were valued
at $ 17,480.56 million as against $ 16,488.23 million in June 2016, an increase
of 6.02 per cent. Non-petroleum and non-gems and jewellery exports during
April-June 2017-18 were valued at $ 52,713.79 million as compared to $
48,028.95 million, up 9.75 per cent.
Imports during June 2017 were valued at $ 36,522.48 million (Rs 2,35,361.85
crore) which was 19.01 per cent higher in dollar terms and 13.96 per cent
higher in rupee terms over the level of imports valued at $ 30,688.54 million
(Rs 2,06,524.39 crore) in June 2016. The cumulative value of imports for the
period April-June 2017-18 was
$ 112,263.10 million (Rs 7,23,631.11 crore) as against $ 84,545.78 million
(Rs 5,65,754.29 crore), registering a positive growth of 32.78 per cent in
dollar terms and 27.91per cent in rupee terms over the same period last year.
The major commodity group of imports showing high growth in June 2017 over
the corresponding month of last year were petroleum, crude and products (12.04
per cent), electronic goods (24.22 per cent), pearls, precious and
semi-precious stones (86.31 per cent), machinery, electrical and non-electrical
(7.02 per cent) and gold (102.99 per cent).
Crude oil & non-oil imports
Crude oil imports during June 2017 were valued at $ 8,125.51 million which
was 12.04 per cent higher than oil imports valued at $ 7,252.11 million in June
2016. Oil imports during April-June 2017-18 were valued at $ 23,177.49 million,
22.98 per cent higher than the oil imports of $ 18,846.62 million in the
corresponding period last year.
Non-oil imports during June 2017 were estimated at $ 28,396.97 million,
21.17 per cent higher than non-oil imports of $ 23,436.43 million in June 2016.
Non-oil imports during April-June 2017-18 were valued at $ 89,085.61 million,
up 35.60 per cent than the level of such imports valued at $ 65,699.16 million
in April-June 2016-17.