India's merchandise exports falls for 13th consecutive month by 14.75%
Updated: Jan 18, 2016 12:00:17pm
New Delhi, Jan 18 (KNN) India’s merchandise exports fell for the 13th consecutive month in December by 14.75 per cent from a year earlier to USD 22.29 billion, whereas the imports stood at USD 33.96 billion.
The trade deficit for April-December, 2015-16 was estimated at USD 99207.75 million which was lower than the deficit of USD 111685.04 million during April-December, 2014-15.
The Ministry of Commerce however said, “The trend of falling exports is in tandem with other major world economies (the growth in exports have fallen for USA, European Union, China by 10.30, 10.83, 6.94 per cent respectively for October 2015 over the corresponding period previous year as per WTO statistics).”
“Exports during December, 2015 were valued at USD 22297.48 million (Rs. 148491.18 crore) which was 14.75 per cent lower in Dollar terms (9.53 per cent lower in Rupee terms) than the level of USD 26154.46 million (Rs. 164127.08 crore) during December, 2014,” according to the official data.
Cumulative value of exports for the period April-December 2015-16 was USD 196603.94 million (Rs. 1273322.99 crore) as against USD 239928.91 million (Rs. 1458094.40 crore) registering a negative growth of 18.06 per cent in Dollar terms and 12.67 per cent in Rupee terms over the same period last year.
Meanwhile, the imports during December, 2015 were valued at USD 33961.48 million (Rs. 226168.20 crore) which was 3.88 per cent lower in Dollar terms and 2.00 per cent higher in Rupee terms over the level of imports valued at USD 35333.27 million (Rs. 221726.88 crore) in December, 2014, the data showed.
Cumulative value of imports for the period April-December 2015-16 was USD 295811.69 million (Rs. 1915849.40 crore) as against USD 351613.95 million (Rs. 2136855.40 crore) registering a negative growth of 15.87 per cent in Dollar terms and 10.34 per cent in Rupee terms over the same period last year. (KNN Bureau)
The trade deficit for April-December, 2015-16 was estimated at USD 99207.75 million which was lower than the deficit of USD 111685.04 million during April-December, 2014-15.
The Ministry of Commerce however said, “The trend of falling exports is in tandem with other major world economies (the growth in exports have fallen for USA, European Union, China by 10.30, 10.83, 6.94 per cent respectively for October 2015 over the corresponding period previous year as per WTO statistics).”
“Exports during December, 2015 were valued at USD 22297.48 million (Rs. 148491.18 crore) which was 14.75 per cent lower in Dollar terms (9.53 per cent lower in Rupee terms) than the level of USD 26154.46 million (Rs. 164127.08 crore) during December, 2014,” according to the official data.
Cumulative value of exports for the period April-December 2015-16 was USD 196603.94 million (Rs. 1273322.99 crore) as against USD 239928.91 million (Rs. 1458094.40 crore) registering a negative growth of 18.06 per cent in Dollar terms and 12.67 per cent in Rupee terms over the same period last year.
Meanwhile, the imports during December, 2015 were valued at USD 33961.48 million (Rs. 226168.20 crore) which was 3.88 per cent lower in Dollar terms and 2.00 per cent higher in Rupee terms over the level of imports valued at USD 35333.27 million (Rs. 221726.88 crore) in December, 2014, the data showed.
Cumulative value of imports for the period April-December 2015-16 was USD 295811.69 million (Rs. 1915849.40 crore) as against USD 351613.95 million (Rs. 2136855.40 crore) registering a negative growth of 15.87 per cent in Dollar terms and 10.34 per cent in Rupee terms over the same period last year. (KNN Bureau)
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