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India’s exports for the month of October 2013 stands at USD 27.27 billion with a (Y-O-Y) increase of 13.47% as compared to USD 27.67 billion in September 2013 with a (Y-O-Y) growth of 11.15%. During October 2013, the imports were USD 37.82 billion with a (Y-O-Y) growth of around (-) 14.50 % as compared to USD 34.43 billion in September 2013 with a (Y-O-Y) growth of (-) 18.10%. The balance of trade stands at around USD (-) 10.55 billion during October 2013 as compared to USD (-) 6.76 billion during September 2013.
Value of foreign trade USD billion
Period
|
September
|
October
|
Apr-October
|
Exports
| |||
FY 14
|
27.67
|
27.27
|
179.37
|
Growth (%)
|
11.15
|
13.47
|
6.32
|
Imports
| |||
FY 14
|
34.43
|
37.82
|
270.06
|
Growth (%)
|
(-) 18.10
|
(-) 14.50
|
(-) 3.80
|
Trade balance
| |||
FY 14
|
(-) 6.76
|
(-) 10.55
|
(-) 90.68
|
Source: PHD Research Bureau, compiled from Ministry of Commerce and Industry, Govt of India
The cumulative figure for the period of April-October FY2014 shows exports at USD 179.37 billion as compared to USD 168.70 billion in April-October FY2013 with a growth of 6.32%; while the cumulative imports for April- October FY2014 stands at USD 270.06 billion as compared to USD 280.73 billion in April- October FY2013 with a growth of (-) 3.80%. The cumulative figure for the balance of trade for the period of April- October FY2014 stands at USD (-) 90.68 billion as compared to USD (-) 112.03 billion in April- October FY2013.
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