Merchandise exports decline by (-) 5.7% in February 2016

 

India’s exports for the month of February 2016 stands at around USD 21 billion as compared to              USD 22 billion in February 2015 registering a growth of around (-) 5.7%. During February 2016, the imports are registered at  USD 27.3 billion as compared to USD 29 billion in February 2015, registering a growth of   (-) 5 %. The balance of trade stands at around USD (-)6.5 billion during February 2016 as compared to USD(-)6.7 billion for February 2015.   

                                                                                                                                      

Value of Foreign Trade

 

 

                    USD Billion

Period

December

January

February

Exports

 

 

FY16

22.3

21.1

20.7

Growth (%)

(-)14.7

(-) 13.6

(-) 5.7

Imports

 

 

FY16

34

28.7

27.3

Growth (%)

(-)3.8

(-)11

(-)5

Trade balance

 

 

FY16

(-) 11.7

(-) 7.6

(-) 6.5

Source: PHD Research Bureau, compiled from Ministry of Commerce and Industry, Govt of India

 

The cumulative value of exports for the period April-February 2015-16 is US$238.4 billion as against US$ 286.3 billion over the same period last year registering a negative growth of around (-)16.7% in Dollar terms. The cumulative value of imports for the period April-February 2015-16 is US$352 billion as against US$413 billion registering a negative growth of (-)14.7% in Dollar terms over the same period last year.

 

   Trend in Exports and imports   (%)

 Source: PHD Research Bureau, compiled from Ministry of Commerce and Industry, Govt of India

 

January, 2016 Services Exports stands at USD 12.5 billion

 

India’s services exports for the month of January 2016 stand at around USD 12.6 billion and services imports stand at  USD 6.8 billion in January 2016. The trade balance in services stands at USD 5.7 billion for the month of January 2016.

 

Value of Service Trade (USD billion)

 

Period

December 2015

January 2016

Exports

 

FY16

14

12.6

Imports

 

FY16

7.2

6.8

Trade balance

 

FY16

6.8

5.7

             Source: PHD Research Bureau, compiled from Ministry of Commerce and Industry, Govt of India