June exports declines by 4.6%
India’s exports for the month of June 2013 stands at USD 23.78 billion with a (Y-O-Y) decline of 4.6% as compared to USD 24.50 billion in May 2013 with a (Y-O-Y) growth of (-)1.11%. During June 2013, the imports were USD 36.03 billion with a (Y-O-Y) growth of (-) 0.37% as compared to USD 44.64 billion in May 2013 with a (Y-O-Y) growth of 6.99%. The balance of trade stands at around USD (-) 12.25 billion during June 2013 as compared to USD (-) 20.14 billion for May 2013.
Value of foreign trade USD billion
Period
|
May
|
June
|
Apr- June
|
Exports
| |||
FY 14
|
24.5
|
23.78
|
72.45
|
Growth (%)
|
(-)1.11
|
(-)4.56
|
(-)1.41
|
Imports
| |||
FY 14
|
44.64
|
36.03
|
122.63
|
Growth (%)
|
6.99
|
(-)0.37
|
5.99
|
Trade balance
| |||
FY 14
|
(-)20.14
|
(-)12.25
|
(-)50.18
|
Source: PHD Research Bureau, compiled from Ministry of Commerce and Industry, Govt of India
The cumulative figure for the period of April- June FY2014 shows exports at USD 72.45 billion as compared to USD 73.49 billion in April-June FY2013 with a growth of (-)1.41%; while the cumulative imports for April- June FY2014 stands at USD 122.64 billion as compared to USD 115.70 billion in April- June FY2013 with a growth of 5.99%. The cumulative figure for the balance of trade for the period of April-June FY2014 stands at USD (-) 50.18 billion as compared to USD (-) 42.22 billion in April- June FY2013.
Trend in Exports and Imports (%)
Source: PHD Research Bureau, compiled from Ministry of Commerce and Industry, Govt of India
Warm regards,
Dr. S P Sharma
Chief Economist
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