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Saturday, February 14, 2015

January merchandise exports declines by 11.19%

India’s exports for the month of January 2015 stand at around USD 23.8 billion with a (Y-O-Y) growth of (-) 11.19% as compared to USD 25.3 billion in December 2014 with a (Y-O-Y) growth of (-)3.7%. During January 2015, the imports were USD 32.2 billion with a (Y-O-Y) growth of around (-) 11.39% as compared to USD 34.8 billion in December 2014 with a (Y-O-Y) growth of (-)4.8%. The balance of trade stands at around USD (-) 8.32 billion during January 2015 as compared to USD (-) 9.43 billion during December 2014.

Value of Merchandise Trade			USD billion
Period	December	January	April- January
Exports
FY 15	25.3	23.8	265
Growth (%)	(-)3.7	(-)11.19	2.44
Imports
FY 15	34.8	32.2	383.4
Growth (%)	(-)4.8	(-)11.39	2.17
Trade balance
FY 15	(-) 9.43	(-) 8.32	(-) 118.3

Ministry of Commerce and Industry, Govt of India

The cumulative figure for the period of April-January FY2015 shows exports at around USD 265 billion as compared to USD 258.7 billion in April-January FY2014 with a growth of 2.44%; while the cumulative imports for April-January FY2015 stands at USD 383.4 billion as compared to USD 375.2 billion in April-January FY2014 with a growth of 2.17%. The cumulative figure for the balance of trade for the period of April-January FY2015 stands at around USD (-) 118.3 billion as compared to USD (-) 116.5 billion in April-January FY2014.

Trend in Exports and imports (%)

S Ministry of Commerce and Industry, Govt of India

December Services Exports stands at USD 14.3 bn

India’s services exports for the month of December 2014 stand at around USD 14.3 billion and services imports stand at USD 7.2 billion. The trade balance in services stands at USD 7.06 billion for the month of December 2014.

Value of Service Trade		(USD billion)
Period	November	December
Exports
FY 15	12.4	14.3
Imports
FY 15	6.1	7.2
Trade balance
FY 15	6.3	7.06