India’s April-October trade deficit down 32% at $53.17 bn

India's trade deficit for April-October 2016-17 stood at an estimated $53,17 billion, down 32.04 per cent compared to the deficit of $78.24 billion during April-October 2015-16 despite a surge in imports.

Imports into the country during October 2016 were valued at $33.67 billion (Rs224,763.10 crore) which was 8.11 per cent higher in dollar terms and 10.91 per cent higher in rupee terms compared to imports valued at $31.15 billion (Rs202,644.79 crore) in October 2015.

Cumulative value of imports during April-October 2016-17 stood at $208.08 billion (Rs1,392,221.35 crore) against $233.42 billion (Rs1,501,290.90 crore), registering a negative growth of 10.85 per cent in dollar terms and 7.27 per cent in rupee terms over the same period last year.

Merchandise exports from the country during October 2016 were valued at $23.51 billion (Rs156,941.86 crore) showing a positive growth of 9.59 per cent in dollar terms and 12.43 per cent growth in rupee term compared to exports worth $21.46 billion (Rs139,589.17 crore) during October 2015.

The cumulative value of exports during April-October 2016-17 stood at $154.91 billion (Rs1,036,417.49 crore) against $155.18 billion (Rs998,211.69 crore) in October 2015-16, registering a negative growth of 0.17 per cent in dollar terms and positive growth of 3.83 per cent in rupee terms.

Non-petroleum exports in October 2016 were valued at $20.80 billion against $18.92 billion in October 2015, an increase of 9.9 per cent.

Non-petroleum exports during April-October 2016-17 were valued at $138.11 billion compared to $135.69 billion in the corresponding period in 2015, an increase of 1.8 per cent.
 
India's oil imports during October 2016 were valued at $7.14 billion, which was 3.98 per cent higher than oil imports valued at $6.87 billion in the corresponding period last year.
 
Oil imports during April-October 2016-17 were valued at $46.44 billion, which was 15.78 per cent lower than oil imports worth $55.14 billion in the corresponding period last year.

Non-oil imports during October 2016 were estimated at $26.53 billion, which was 9.28 per cent higher than non-oil imports of $24.28 billion in October 2015.

Non-oil imports during April-October 2016-17 were valued at $161.64 billion, which was 9.33 per cent lower than the level of such imports valued at $178.28 billion in April-October 2015-16.