India’s exports continued its uptrend for the fourth straight month in December 2016 and registered a growth of 5.72% to $23.88 billion as compared to $22.59 billion in December 2015. In rupee term the exports was higher by 7.79% to Rs 162179.89 crore as compared to Rs 150461.57 crore in December 2015. Cumulative value of exports for the period April-December 2016-17 was $198.80 billion as against $197.33 billion, registering a positive growth of 0.75% over the same period last year. In Rupee term it was up by 4.37% to Rs 1333913.57 crore from Rs 1278004.37 crore.
Imports during December 2016, increased marginally by 0.46% to $34.25 billion as compared to $34.09 billion in December 2015, while in rupee terms it was 2.43% higher to Rs 232588.18 crore from Rs 227067.28 crore in December 2015. However, cumulative value of imports for the period April-December 2016-17 was $275.35 billion as against $297.41 billion, registering a negative growth of 7.42% over the same period last year. In Rupee term the cumulative imports was of Rs 1848099.10 crore, down by 4.05% from Rs 1926024.55 crore in the same period last year.
The trade deficit for April-December, 2016-17 was estimated at $76.54 billion, which was 23.51% lower than the deficit of $100.07 billion during April-December, 2015-16. Overall trade deficit for April- December 2016-17 is estimated at $33.74 billion, which is 36.78% lower in Dollar terms than the level of $53.37 billion during April-December 2015-16.
Oil imports during December 2016, were valued at $7.64 billion which was 14.61% higher than oil imports valued at $6.67 billion in the corresponding period last year. Oil imports during April-December, 2016-17 were valued at $60.92 billion which was 10.76% lower than the oil imports of $68.26 billion in the corresponding period last year.
Non-oil imports during December, 2016 were estimated at $26.60 billion which was 2.98% lower than non-oil imports of $27.42 billion in December, 2015. Non-oil imports during April-December 2016-17 were valued at $214.43 billion which was 6.42% lower than the level of such imports valued at $229.14 billion in April-December, 2015-16.