Aug export grows at 12.9%

10092013

India’s exports for the month of August 2013 stands at USD 26.14 billion with a (Y-O-Y) increase of 12.9% as compared to USD 25.83 billion in July 2013 with a (Y-O-Y) growth of 11.6%. During August 2013, the imports were USD 37.05 billion with a (Y-O-Y) growth of around (-) 0.7% as compared to USD 38.10 billion in July 2013 with a (Y-O-Y) growth of (-) 6.2%. The balance of trade stands at around USD (-) 10.92 billion during August 2013 as compared to USD (-) 12.27 billion during July 2013.

  Value of foreign trade                                                    USD billion

Period	July	August	Apr-August
Exports
FY 14	25.83	26.14	124.43
Growth (%)	11.64	12.97	3.89
Imports
FY 14	38.10	37.05	197.79
Growth (%)	(-)6.2	(-)0.68	1.72
Trade balance
FY 14	(-)12.27	(-)10.92	(-)73.37

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

The cumulative figure for the period of April-August FY2014 shows exports at USD 124.43 billion as compared to USD 119.77 billion in April-August FY2013 with a growth of 3.89%; while the cumulative imports for April-August FY2014 stands at USD 197.79 billion as compared to USD 194.44 billion in April-August FY2013 with a growth of 1.72%. The cumulative figure for the balance of trade for the period of April-August FY2014 stands at USD (-) 73.37 billion as compared to USD (-) 74.67 billion in April-August FY2013.

Trend in Exports and Imports                                                                                               (%)

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

Warm regards,

Dr. S P Sharma

Chief Economist