INDIA’S FOREIGN TRADE for February, 2014 released on 11th, March 2014.

INDIA’S FOREIGN TRADE for February, 2014 released on 11th,  March 2014.

INDIA’S FOREIGN TRADE for February, 2014 released on 11th, March 2014.

EXPORTS (including re-exports):

Exports during February, 2014 were valued at US $ 25,688.94 million (Rs.159,858.16 crore) which was 3.67 % lower in Dollar terms (11.47 % higher in Rupee terms) than the level of US $ 26,668.77 million (Rs. 143,407.85 crore) during February, 2013. Cumulative value of exports for the period April-February 2013 -14 was US $ 282,777.02 million (Rs 17,12,422.41 crore) as against US $ 269,859.25 million (Rs 14,68,159.38 crore) registering a growth of 4.79% in Dollar terms and growth of 16.64% in Rupee terms over the same period last year.

IMPORTS:

Imports during February, 2014 were valued at US $ 33,819.14 million (Rs.2,10,451.11 crore) representing a negative growth of 17.09 per cent in Dollar terms and a negative growth of 4.06 per cent in Rupee terms over the level of imports valued at US $ 40,791.98 million (Rs. 2,19,353.56 crore) in February, 2013. Cumulative value of imports for the period April-February, 2013-14 was US $ 410,863.28 million (Rs. 24,74,626.88 crore) as against US $ 449,788.89 million (Rs. 24,46,387.26 crore) registering a negative growth of 8.65 per cent in Dollar terms and growth of 1.15 per cent in Rupee terms over the same period last year.

CRUDE OIL AND NON-OIL IMPORTS:

Oil imports during February, 2014 were valued at US $ 13,696.8 million which was 3.1 per cent lower than oil imports valued at US $ 14,134.3 million in the corresponding period last year. Oil imports during April-February, 2013-14 were valued at US $ 151,840.9 million which was 0.8 per cent higher than the oil imports of US $ 150,632.3 million in the corresponding period last year.

Non-oil imports during February, 2014 were estimated at US $ 20,122.3 million which was 24.5 per cent lower than non-oil imports of US $ 26,657.7 million in February, 2013. Non-oil imports during April-February, 2013-14 were valued at US $ 259,022.4 million which was 13.4 per cent lower than the level of such imports valued at US $ 299,156.6 million in April-February, 2012-13.

TRADE BALANCE:

The trade deficit for April-February, 2013-14 was estimated at US $ 128,086.26 million which was lower than the deficit of US $ 179,929.64 million during April-February, 2012-13.

Source:

Economic Division, Department of Commerce.

Ministry of Commerce & Industry.

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