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India's merchandise exports dip 21.1% to US$ 23.95 billion in March 2015

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India's merchandise exports (including re-exports) dipped 21.1% to US $ 23951.16 million (Rs.149574.53 crore) in March 2014 (19.20% lower in Rupee terms) than the level of US $ 30341.04 million (Rs. 185122.83 crore) during March 2014.

Cumulative value of exports for the period April-March 2014-15 was US $ 310533.87 million (Rs 1897025.85 crore) as against US $ 314415.73 million (Rs 1905011.08 crore) registering a growth of -1.23% in Dollar terms and growth of -0.42% in Rupee terms over the same period last year.

Imports during March, 2015 were valued at US $ 35744.68 (Rs 223224.83 crore) which was 13.44% lower in Dollar terms and 11.40% lower in Rupee terms over the level of imports valued at US $ 41294.41 million (Rs 251953.73 crore) in March 2014.

 

Cumulative value of imports for the period April-March 2014-15 was US $ 447548.33 million (Rs. 2734049.06 crore) as against US $ 450213.63 million (Rs 2715433.89 crore) registering a growth of -0.59% in Dollar terms and growth of 0.69% in Rupee terms over the same period last year.

Oil imports during March, 2015 were valued at US $ 7413.30 million which was 52.68% lower than oil imports valued at US $ 15667.12 million in the corresponding period last year. Oil imports during April-March, 2014-15 were valued at US $ 138261.66 million, which was 16.09% lower than the oil imports of US $ 164770.33 million in the corresponding period last year.

Non-oil imports during March, 2015 were estimated at US $ 28331.38 million, which was 10.55% higher than non-oil imports of US $ 25627.29 million in March, 2014. Non-oil imports during April-March, 2014-15 were valued at US $ 309286.67 million, which was 8.35% higher than the level of such imports valued at US $ 285443.30 million in April-March, 2013-14.

The trade deficit for April-March, 2014-15 was estimated at US $ 137014.46 million, which was higher than the deficit of US $ 135797.90 million during April-March, 2013-14.

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First Published: Apr 17 2015 | 5:44 PM IST

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