India's export up by 3.79% YoY; engineering goods, garments, handicrafts perform well
Updated: Feb 11, 2014 02:17:04pm
New Delhi, Feb 11 (KNN) India’s exports rose by 3.79 per cent on a year-on-year basis, with improvement in performance from sectors like engineering goods, readymade garments, handicrafts etc.
Overall exports rose 3.79 per cent year-on-year to USD 26.75 billion, compared with a 3.5 per cent annual growth in December.
“Exports during January, 2014 were valued at USD 26752.36 million which was 3.79 per cent higher in Dollar terms than the level of USD 25775.19 million during January, 2013. Cumulative value of exports for the period April-January 2013 -14 was USD 257088.08 million as against USD 243190.48 million registering a growth of 5.71 per cent in Dollar terms and growth of 17.20 per cent in Rupee terms over the same period last year,” said an official release.
Imports fell by 18.07 per cent year-on-year to USD 36.57 billion from 44.75 billion last year.
“Imports during January, 2014 were valued at USD 36665.93 million representing a negative growth of 18.07 per cent in Dollar terms and a negative growth of 6.37 per cent in Rupee terms over the level of imports valued at USD 44754.68 million in January, 2013,” it said.
India’s trade deficit narrowed in January and stood at USD 9.92 billion last month compared with USD 10.14 billion in December, a trade ministry official said today.
Gold and Silver import fell by 77 per cent and was at USD 1.72 billion in January this year as compared to USD 7.47 billion last year in the wake of curbs put on import of gold.
Engineering goods has performed well with 37 per cent growth on month on month basis and 10 per cent on year on year basis. Handicrafts grew by 146 per cent but the pace was very slow.
Readymade garment export increased by 17.42 per cent for the month, cumulatively 16.42 per cent.
Gems and Jewellery exports fell by (-) 7.46 per cent on YOY basis and 13.16 per cent on the MoM basis. (KNN Bureau)
Overall exports rose 3.79 per cent year-on-year to USD 26.75 billion, compared with a 3.5 per cent annual growth in December.
“Exports during January, 2014 were valued at USD 26752.36 million which was 3.79 per cent higher in Dollar terms than the level of USD 25775.19 million during January, 2013. Cumulative value of exports for the period April-January 2013 -14 was USD 257088.08 million as against USD 243190.48 million registering a growth of 5.71 per cent in Dollar terms and growth of 17.20 per cent in Rupee terms over the same period last year,” said an official release.
Imports fell by 18.07 per cent year-on-year to USD 36.57 billion from 44.75 billion last year.
“Imports during January, 2014 were valued at USD 36665.93 million representing a negative growth of 18.07 per cent in Dollar terms and a negative growth of 6.37 per cent in Rupee terms over the level of imports valued at USD 44754.68 million in January, 2013,” it said.
India’s trade deficit narrowed in January and stood at USD 9.92 billion last month compared with USD 10.14 billion in December, a trade ministry official said today.
Gold and Silver import fell by 77 per cent and was at USD 1.72 billion in January this year as compared to USD 7.47 billion last year in the wake of curbs put on import of gold.
Engineering goods has performed well with 37 per cent growth on month on month basis and 10 per cent on year on year basis. Handicrafts grew by 146 per cent but the pace was very slow.
Readymade garment export increased by 17.42 per cent for the month, cumulatively 16.42 per cent.
Gems and Jewellery exports fell by (-) 7.46 per cent on YOY basis and 13.16 per cent on the MoM basis. (KNN Bureau)
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