Major commodity group of exports showing positive growth in August 2018 include Engineering Goods (21.23%), Petro Products (31.76%), Gems & Jewellery (23.95%), Organic & Inorganic Chemicals (39.9%) and Drugs & Pharma (18.21%). Fourth consecutive double-digit growth in India’s exports in 2018, reflective of our export promotion initiatives and growing trade. Merchandise exports in August 2018 have exhibited positive growth of 19.21% over August 2017.

Press Information Bureau
Government of India
Ministry of Commerce & Industry

14-September-2018 18:48 IST

INDIA’S FOREIGN TRADE: August 2018 

India’s overall exports (Merchandise and Services combined) in April-August 2018-19* are estimated to be USD 221.83 Billion, exhibiting a positive growth of 20.70 per cent over the same period last year. Overall imports in April-August 2018-19* are estimated to be USD 269.54 Billion, exhibiting a positive growth of 21.01 per cent over the same period last year.

Indias Foreign Trade

*Note: Services data pertains to April-July 2018-19 as July 2018 is the latest data available as per RBI’s Press Release dated 14th September 2018. It is arrived at by adding Month-wise QE data of RBI’s press release for April to July 2018-19. This data is provisional and subject to revision by RBI. In addition, it may be noted that data for August 2018 is estimated and added to the April-July 2018-19 data of RBI to calculate the Overall Trade Deficit for April-August 2018-19. It will be revised based on RBI’s next press release for August 2018.

1. MERCHANDISE TRADE

EXPORTS (including re-exports)

Exports in August 2018 were US $ 27.84 Billion, as compared to US $ 23.36 Billion in August 2017, exhibiting a positive growth of 19.21 per cent. In Rupee terms, exports were Rs. 1,93,624.74 Crore in August 2018, as compared to Rs. 1,49,398.90 Crore in August 2017, registering a positive growth of 29.60 per cent.

In August 2018, major commodity groups of export showing positive growth over the corresponding month of last year are

EXPORTS (including re-exports)

Cumulative value of exports for the period April-August 2018-19 was US $ 136.09 Billion (Rs 9,23,447.82 Crore) as against US $ 117.19 Billion (Rs 7,54,218.89 Crore) during the period April-August 2017-18, registering a positive growth of 16.13 per cent in Dollar terms (22.44 per cent in Rupee terms).

Non-petroleum and Non Gems and Jewellery exports in August 2018 were US $ 20.70 Billion, as compared to US $ 17.78 Billion in August 2017, exhibiting a positive growth of 16.45 per cent. Non-petroleum and Non Gems and Jewellery exports in April-August 2018-19 were US $ 99.24 Billion, as compared to US $ 87.60 Billion for the corresponding period in 2017-18, an increase of 13.28 %.

IMPORTS

Imports in August 2018 were US $ 45.24 Billion (Rs 3,14,597.54 Crore), which was 25.41 per cent higher in Dollar terms and 36.34 per cent higher in Rupee terms over imports of US $ 36.07 Billion (Rs. 2,30,737.96 Crore) in August 2017. Cumulative value of imports for the period April-August 2018-19 was US $ 216.43 Billion (Rs. 14,69,479.24 Crore), as against US $ 184.45 Billion (Rs. 11,87,188.89 Crore) during the period April-August 2017-18, registering a positive growth of 17.34 per cent in Dollar terms (23.78 per cent in Rupee terms).

Major commodity groups of import showing high growth in August 2018 over the corresponding month of last year are:

Imports

CRUDE OIL AND NON-OIL IMPORTS:

Oil imports in August 2018 were US $ 11.83 Billion (Rs. 82,274.22 Crore), which was 51.62 percent higher in Dollar terms (64.84 percent higher in Rupee terms), compared to US $ 7.80 Billion (Rs. 49,911.68 Crore) in August 2017. Oil imports in April-August 2018-19 were US $ 58.81 Billion (Rs. 3,99,371.93 Crore) which was 53.55 per cent higher in Dollar terms (62.01 percent higher in Rupee terms) compared to US $ 38.30 Billion (Rs. 2,46,504.68 Crore), over the same period last year.

In this connection it is mentioned that the global Brent price ($/bbl) has increased by 42.36% in August 2018 vis-à-vis August 2017 as per data available from World Bank (Pink Sheet).

Non-oil imports in August 2018 were estimated at US $ 33.41 Billion (Rs. 2,32,323.32 Crore) which was 18.17 per cent higher in Dollar terms (28.48 percent higher in Rupee terms), compared to US $ 28.27 Billion (Rs. 1,80,826.29 Crore) in August 2017. Non-oil imports in April-August 2018-19 were US $ 157.62 Billion (Rs.10,70,107.31 Crore) which was 7.84 per cent higher in Dollar terms (13.76 percent higher in Rupee terms), compared to US $ 146.15 Billion (Rs. 9,40,684.21 Crore) in April-August 2017-18.

Non-Oil and Non-Gold imports were US $ 29.77 billion in August 2018, recording a positive growth of 12.84%, as compared to Non-Oil and Non-Gold imports in August 2017. Non-Oil and Non-Gold imports were US $ 142.57 billion in April-August 2018-19, recording a positive growth of 8.93%, as compared to Non-Oil and Non-Gold imports in April-August 2017-18.

II. TRADE IN SERVICES (for July, 2018, as per the RBI Press Release dated 14th September 2018)

EXPORTS (Receipts)

Exports in July 2018 were US $ 17.55 Billion (Rs. 1,20,577.53 Crore) registering a positive growth of 4.04 per cent in dollar terms, as compared to a positive growth of 4.32 per cent in June 2018 (as per RBI’s Press Release for the respective months).

IMPORTS (Payments)

Imports in July 2018 were US $ 10.85 Billion (Rs. 74,532.34 Crore) registering a positive growth of 5.35 per cent in dollar terms, as compared to a positive growth of 0.89 per cent in June 2018 (as per RBI’s Press Release for the respective months).

III.TRADE BALANCE

MERCHANDISE: The trade deficit for August 2018 was estimated at US $ 17.39 Billion as against the deficit of US $ 12.72 Billion in August 2017.

SERVICES: As per RBI’s Press Release dated 14th September 2018, the trade balance in Services (i.e. Net Services export) for July, 2018 is estimated at US $ 6.70 Billion.

OVERALL TRADE BALANCE: Taking merchandise and services together, overall trade deficit for April-August 2018-19* is estimated at US $ 47.72 Billion as compared to US $ 38.95 Billion in April-August 2017-18.

*Note: Services data pertains to April-July 2018-19 as July 2018 is the latest data available as per RBI’s Press Release dated 14th September 2018. It is arrived at by adding Month-wise QE data of RBI’s press release for April to July 2018-19. This data is provisional and subject to revision by RBI. In addition, it may be noted that data for August 2018 is estimated and added to the April-July 2018-19 data of RBI to calculate the Overall Trade Deficit for April-August 2018-19. It will be revised based on RBI’s next press release for August 2018.

MERCHANDISE TRADE

EXPORTS & IMPORTS: (US $ Billion)
(PROVISIONAL)
AUGUST APRIL-AUGUST
EXPORTS (including re-exports)
2017-18 23.36 117.19
2018-19 27.84 136.09
%Growth 2018-19/ 2017-18 19.21 16.13
IMPORTS
2017-18 36.07 184.45
2018-19 45.24 216.43
%Growth 2018-19/ 2017-18 25.41 17.34
TRADE BALANCE
2017-18 -12.72 -67.27
2018-19 -17.39 -80.35
EXPORTS & IMPORTS: (Rs. Crore)
(PROVISIONAL)
AUGUST APRIL-AUGUST
EXPORTS(including re-exports)
2017-18 1,49,398.90 7,54,218.89
2018-19 1,93,624.74 9,23,447.82
%Growth 2018-19/ 2017-18 29.60 22.44
IMPORTS
2017-18 2,30,737.96 11,87,188.89
2018-19 3,14,597.54 14,69,479.24
%Growth 2018-19/ 2017-18 36.34 23.78
TRADE BALANCE
2017-18 -81,339.06 -4,32,970.00
2018-19 -1,20,972.80 -5,46,031.42

SERVICES TRADE

EXPORTS & IMPORTS (SERVICES) : (US $ Billion)
(Provisional) JULY 2018 APRIL-JULY 2018-19
EXPORTS (Receipts) 17.55 68.16
IMPORTS (Payments) 10.85 42.27
TRADE BALANCE 6.70 25.89
EXPORTS & IMPORTS (SERVICES): (Rs. Crore)
(Provisional) JULY 2018 APRIL-JULY 2018-19
EXPORTS (Receipts) 1,20,577.53 4,59,466.55
IMPORTS (Payments) 74,532.34 2,84,938.69
TRADE BALANCE 46,045.19 1,74,527.85

Note: Services data of 2018-19 pertains to April-July 2018-19 as July 2018 is the latest data available as per RBI’s Press Release dated 14th September 2018. April-July 2017-18 data is arrived by adding Month-wise QE data. This has been used along with the estimate of service export and import for August 2018, as explained in page-1 for the purpose of this Press note.

QUICK ESTIMATES FOR SELECTED MAJOR COMMODITIES FOR AUGUST 2018 TRADE: EXPORT

Sl. No. Commodities (Values in Rs. crores) % change
AUG’17 AUG’18 AUG’18
1 Tea 521.66 522.86 0.23
2 Coffee 545.75 387.03 -29.08
3 Rice 4016.52 3782.29 -5.83
4 Other cereals 89.95 127.85 42.14
5 Tobacco 536.55 580.60 8.21
6 Spices 1662.46 1677.39 0.90
7 Cashew 550.75 341.75 -37.95
8 Oil Meals 717.94 751.58 4.68
9 Oil seeds 525.37 673.12 28.12
10 Fruits & Vegetables 1122.30 1237.09 10.23
11 Cereal preparations & miscellaneous processed items 736.20 939.04 27.55
12 Marine Products 4233.21 3909.17 -7.65
13 Meat, dairy & poultry products 2694.78 2832.29 5.10
14 Iron Ore 832.81 429.59 -48.42
15 Mica, Coal & Other Ores, Minerals including processed minerals 1796.43 2438.01 35.71
16 Leather & leather products 2931.07 3344.91 14.12
17 Ceramic products & glassware 1157.74 1599.55 38.16
18 Gems & Jewellery 17136.76 23092.71 34.76
19 Drugs & Pharmaceuticals 9127.25 11730.08 28.52
20 Organic & Inorganic Chemicals 9074.06 13801.20 52.10
21 Engineering Goods 38201.15 50351.33 31.81
22 Electronic Goods 3055.49 4869.39 59.37
23 Cotton Yarn/Fabs./made-ups, Handloom Products etc. 5380.22 7456.41 38.59
24 Man-made Yarn/Fabs./made-ups etc. 2582.61 3195.55 23.73
25 RMG of all Textiles 8552.24 8986.67 5.08
26 Jute Mfg. including Floor Covering 230.22 220.39 -4.27
27 Carpet 842.87 872.37 3.50
28 Handicrafts excl. handmade carpet 945.33 1163.94 23.12
29 Petroleum Products 18538.15 26556.34 43.25
30 Plastic & Linoleum 3467.93 5410.14 56.00
Sub-Total 141805.80 183280.64 29.25
GRAND TOTAL 149398.90 193624.74 29.60

Note 1: Grand total is inclusive of component ‘Other’.

Note 2: The figures for AUGUST’18 and AUGUST’17 are provisional and subject to change

QUICK ESTIMATES FOR SELECTED MAJOR COMMODITIES FOR AUGUST 2018 TRADE: EXPORT

Sl. No. Commodities (Values in Million USD) % change
AUG’17 AUG’18 AUG’18
1 Tea 81.55 75.18 -7.81
2 Coffee 85.32 55.65 -34.77
3 Rice 627.89 543.85 -13.38
4 Other cereals 14.06 18.38 30.73
5 Tobacco 83.88 83.48 -0.48
6 Spices 259.89 241.19 -7.20
7 Cashew 86.10 49.14 -42.93
8 Oil Meals 112.23 108.07 -3.71
9 Oil seeds 82.13 96.79 17.85
10 Fruits & Vegetables 175.45 177.88 1.39
11 Cereal preparations & miscellaneous processed items 115.09 135.02 17.32
12 Marine Products 661.77 562.09 -15.06
13 Meat, dairy & poultry products 421.27 407.25 -3.33
14 Iron Ore 130.19 61.77 -52.55
15 Mica, Coal & Other Ores, Minerals including processed minerals 280.83 350.56 24.83
16 Leather & leather products 458.21 480.96 4.96
17 Ceramic products & glassware 180.99 230.00 27.08
18 Gems & Jewellery 2678.94 3320.47 23.95
19 Drugs & Pharmaceuticals 1426.84 1686.65 18.21
20 Organic & Inorganic Chemicals 1418.52 1984.46 39.90
21 Engineering Goods 5971.88 7239.95 21.23
22 Electronic Goods 477.66 700.16 46.58
23 Cotton Yarn/Fabs./made-ups,
Handloom Products etc.
841.08 1072.15 27.47
24 Man-made Yarn/Fabs./made-ups etc. 403.73 459.48 13.81
25 RMG of all Textiles 1336.95 1292.18 -3.35
26 Jute Mfg. including Floor Covering 35.99 31.69 -11.95
27 Carpet 131.76 125.44 -4.80
28 Handicrafts excl. handmade carpet 147.78 167.36 13.25
29 Petroleum Products 2898.02 3818.50 31.76
30 Plastic & Linoleum 542.13 777.92 43.49
Sub-Total 22168.13 26353.67 18.88
GRAND TOTAL 23355.11 27841.05 19.21

Note 1: Exports include Re-Exports.

Note 2: The figures for AUGUST’18 and AUGUST’17 are provisional and subject to change

Note 3: Grand total is inclusive of component ‘Other’.

QUICK ESTIMATES FOR SELECTED MAJOR COMMODITIES FOR AUGUST 2018 TRADE: IMPORT

Sl. No. Commodities (Values in Rs. crores) % change
AUG’17 AUG’18 AUG’18
1 Cotton Raw & Waste 978.06 427.81 -56.26
2 Vegetable Oil 6716.49 7189.42 7.04
3 Pulses 2042.99 844.00 -58.69
4 Fruits & vegetables 901.92 1178.93 30.71
5 Pulp and Waste paper 756.99 900.78 19.00
6 Textile yarn Fabric, made-up articles 907.05 1195.83 31.84
7 Fertilisers, Crude & manufactured 3311.36 3432.41 3.66
8 Sulphur & Unroasted Iron Pyrites 102.67 130.48 27.09
9 Metalliferous ores & other minerals 4615.89 3963.65 -14.13
10 Coal, Coke & Briquettes, etc. 10139.46 15914.91 56.96
11 Petroleum, Crude & products 49911.68 82274.22 64.84
12 Wood & Wood products 3351.31 3680.74 9.83
13 Leather & leather products 557.03 687.54 23.43
14 Organic & Inorganic Chemicals 9961.95 14620.17 46.76
15 Dyeing/tanning/colouring materials. 1414.47 2099.25 48.41
16 Artificial resins, plastic materials, etc. 7650.62 9676.75 26.48
17 Chemical material & products 3285.06 4531.06 37.93
18 Newsprint 555.21 592.85 6.78
19 Pearls, precious & Semi-precious stones 12014.34 13326.72 10.92
20 Iron & Steel 8802.14 10691.08 21.46
21 Non-ferrous metals 6422.05 9434.00 46.90
22 Machine tools 1700.14 3109.67 82.91
23 Machinery, electrical & non-electrical 16755.61 26632.96 58.95
24 Transport equipment 10587.88 10430.82 -1.48
25 Project goods 1200.94 1311.35 9.19
26 Professional instrument, Optical goods, etc. 2668.67 3160.38 18.43
27 Electronic goods 29165.32 38836.68 33.16
28 Medicinal & Pharmaceutical products 2647.08 3775.75 42.64
29 Gold 12086.67 25310.90 109.41
30 Silver 1724.23 1099.21 -36.25
Sub-Total 212935.28 300460.32 41.10
GRAND TOTAL 230737.96 314597.54 36.34

Note 1: Grand total is inclusive of component ‘Other’.

Note 2: The figures for AUGUST’18 and AUGUST’17 are provisional and subject to change

QUICK ESTIMATES FOR SELECTED MAJOR COMMODITIES FOR AUGUST 2018 TRADE: IMPORT

Sl. No. Commodities (Values in Million USD) % change
AUG’17 AUG’18 AUG’18
1 Cotton Raw & Waste 152.90 61.51 -59.77
2 Vegetable Oil 1049.97 1033.76 -1.54
3 Pulses 319.37 121.36 -62.00
4 Fruits & vegetables 141.00 169.52 20.23
5 Pulp and Waste paper 118.34 129.52 9.45
6 Textile yarn Fabric, made-up articles 141.80 171.95 21.26
7 Fertilisers, Crude & manufactured 517.66 493.54 -4.66
8 Sulphur & Unroasted Iron Pyrites 16.05 18.76 16.88
9 Metalliferous ores & other minerals 721.59 569.93 -21.02
10 Coal, Coke & Briquettes, etc. 1585.07 2288.38 44.37
11 Petroleum, Crude & products 7802.55 11830.10 51.62
12 Wood & Wood products 523.90 529.25 1.02
13 Leather & leather products 87.08 98.86 13.53
14 Organic & Inorganic Chemicals 1557.32 2102.22 34.99
15 Dyeing/tanning/colouring materials. 221.12 301.85 36.51
16 Artificial resins, plastic materials, etc. 1196.00 1391.41 16.34
17 Chemical material & products 513.54 651.52 26.87
18 Newsprint 86.79 85.25 -1.77
19 Pearls, precious & Semi-precious stones 1878.17 1916.23 2.03
20 Iron & Steel 1376.01 1537.26 11.72
21 Non-ferrous metals 1003.94 1356.50 35.12
22 Machine tools 265.78 447.14 68.24
23 Machinery, electrical & non-electrical 2619.36 3829.52 46.20
24 Transport equipment 1655.17 1499.83 -9.39
25 Project goods 187.74 188.56 0.44
26 Professional instrument, Optical goods, etc. 417.19 454.43 8.93
27 Electronic goods 4559.33 5584.28 22.48
28 Medicinal & Pharmaceutical products 413.81 542.91 31.20
29 Gold 1889.47 3639.42 92.62
30 Silver 269.54 158.05 -41.36
Sub-Total 33287.56 43202.82 29.79
GRAND TOTAL 36070.62 45235.57 25.41

Note 1: Imports include Re-Imports.

Note 2: The figures for AUGUST’18 and AUGUST’17 are provisional and subject to change.

Note 3: Grand total is inclusive of component ‘Other’.

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