16 June, 2020
8 Min Read
INDIA’S FOREIGN TRADE
EXPORTS (including re-exports)
Major exports: Major commodity groups which have recorded negative growth during May 2020 vis-à-vis May 2019 are Leather & leather products (-75.07%), Handicrafts excl. hand made carpet(-72.77%), Gems & jewellery (-68.83%), Petroleum products (-68.46%), RMG of all Textiles (-66.19%), Jute mfg. including floor covering (-65.7%), Man-made yarn/fabs./made-ups etc. (-58.63%), Meat, dairy & poultry products (-56.38%), Other cereals (-49.53%), Cotton yarn/fabs./made-ups, handloom products etc. (-47.47%), Carpet (-46.18%), Electronic goods (-45.35%), Mica, Coal & other ores, minerals including processed minerals (-35.57%), Ceramic products & glassware (-33.48%), Cashew (-32.86%), Tea (-26.94%), Engineering goods (-24.25%), Oil Meals (-22.76%), Oil seeds (-18.41%), Marine products (-18.14%), Cereal preparations & miscellaneous processed items (-17.44%), Tobacco (-13.75%), Organic & inorganic chemicals (-12.71%), Plastic & Linoleum (-6.55%), Coffee (-5.71%) and Fruits & vegetables (-1.31%).
Cumulative value of imports for the period April-May 2020-21 was USD39.32 billion (Rs.2,98,502.76crore), as against USD86.75billion (Rs.6,03,881.86crore) during the period April-May 2019-20, registering a negative growth of (-)54.67per cent in Dollar terms (negative growth of (-)50.57per cent in Rupee terms).
Major commodity groups of import showing negative growth in May2020 over the corresponding month of last year are:
CRUDE OIL AND NON-OIL IMPORTS:
TRADE IN SERVICES
As per the latest press release by RBI dated 15thJune 2020, exports in April2020 were USD 16.45 billion (Rs. 125,409.04 crore) registering a negative growth of (-) 8.92 per cent in dollar terms, vis-à-vis April2019. The estimated value of services export for May2020* is USD 15.70 billion.
As per the latest press release by RBI dated 15th June 2020, imports in April 2020 were USD 9.30 billion (Rs. 70,907.57crore) registering a negative growth of (-)18.43 per cent in dollar terms, vis-à-vis April2019. The estimated value of service import for May2020* is USD 8.57 billion.
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