Came September 2017, the country's exports which were erratic for the
past one year grew by an impressive
25.67 per cent in dollar terms providing welcome relief to the central
government, battered by criticism of an Economic slowdown.
The exports during last month (Sep 2017) were valued at 28,614 Million US
dollars as compared to 22, 768 million US dollars during the same period in
In rupee terms, during September 2017 exports were valued at Rs 1,84,387.36
crore as compared to Rs 1,51,950.74 crore during September 2016, up 21.35 per
During September 2017, all the top ten export commodity groups exhibited
positive growth over the corresponding month of last year, comprising 82.14 per
cent share in total exports. These were engineering goods (44.24 per cent),
gems and jewellery (7.10 per cent), petroleum products (39.69 per cent),
organic and inorganic chemicals (46.06 per cent), RMG of all textiles (29.39
per cent), drugs and pharmaceuticals (14.67 per cent), cotton yarn/fabs/made-ups,
handloom products, etc. (15.20 per cent), marine products (32.73 per cent),
rice (45.66 per cent) and electronic goods (14.32 per cent).
The Cumulative value of exports for the period April-September 2017-18 was
147,188.37 million US Dollars (Rs 9,47,532.73 crore) as against 131,983.79 million US Dollars (Rs 8,83,370.86
crore), registering a positive growth of 11.52 per cent in dollar terms and
7.26 per cent in rupee terms over the same period last year.
Non-petroleum and non-gems and jewellery exports in September 2017 were
valued at 20,237.82 million US Dollars as against 15,731.26 million US Dollars
in September 2016, an increase of 28.65 per cent.
Non-petroleum and non-gems and jewellery exports during April-September
2017-18 were valued at 107,676.39 million US Dollars as compared to 95,354.05
million US Dollars for the corresponding period in 2016-17, an increase of
12.92 per cent.
Imports during September 2017 were valued at 37,597.70 million US Dollars
(Rs 2, 42, 282.96 crore) which was 18.09 per cent higher in dollar terms and
14.02 per cent higher in rupee terms over the level of imports valued at 31,839.02 million US Dollars (Rs 2,12,486.28
crore) in September 2016.
The Cumulative value of imports for the period April-September 2017-18
was 219,317.20 million US Dollars (Rs
14,11,872.70 crore) as against
175,339.89 million US dollars (Rs 11,73,664.70 crore), registering a
positive growth of 25.08 per cent in dollar terms and 20.30 per cent in rupee
terms over the same period last year.
Major commodity group of imports showing high growth in September 2017 over
the corresponding month of last year were petroleum, crude and products (18.47
per cent), electronic goods (40.90 per cent), pearls, precious and
semi-precious stones (56.91 per cent), machinery electrical and non-electrical
(16.36 per cent), and coal, coke and briquettes (48 per cent).
CRUDE OIL & NON-OIL IMPORTS
Oil imports during September 2017 were valued at 8,188.08 million US
Dollars which was 18.47 per cent higher than oil imports valued at $ 6,911.26
million in September 2016.
Oil imports during April-September 2017-18 were valued at 46,965.26 million
US Dollars, 18.82 per cent higher than the oil imports of 39,527.23 million US
Dollars in the corresponding period last year.
In this connection, it has to be mentioned that the global Brent prices
($/bbl) have increased by 19.42 per cent in September 2017 vis-à-vis September
2016, as per World Bank commodity price data.
Non-oil imports during September 2017 were estimated at 29,409.62 million
US Dollars which was 17.98 per cent higher than the non-oil imports of
24,927.76 million US Dollars in September 2016.
Non-oil imports during April-September 2017-18 were valued at 172,351.94
million US Dollars which was 26.90 per cent higher than the level of such
imports valued at 135,812.66 million US Dollars in April-September 2016-17,
according to an official press release.