Coal news and updates

India’s trade deficit down 7.38% y-o-y in Dec

January 19: India’s trade deficit (merchandise) for the month of December, 2014 provisionally fell 7.38% to $9,434.82 million, compared to $10,187.03 million reported in the same month a year ago, on the back of a fall in international oil prices and gold imports, according to data released by the Ministry of Commerce and Industry.

On a month-on-month basis too, India’s trade deficit for December 2014 narrowed from $16,861.06 million in November 2014.

The trade deficit for April-December, 2014-15 was estimated at $11,0051.92 million, which was higher than the deficit of $10,7077.48 million during April-December, 2013-14.

Exports, including re-exports, during December, 2014 were valued at $25,397.74 million (Rs 159,378.46 crore) which was 3.77% lower in dollar terms (2.46% lower in rupee terms) than the level of $26,393.06 million (Rs 163,400.22 crore) during December, 2013.

The cumulative value of exports for the period April-December 2014-15 was $241,153.78 million (Rs 1,465,171.42 crore) as against $231,829.87 million (Rs 1,395,186.97 crore), registering a growth of 4.02%in dollar terms and growth of 5.02% in rupee terms over the same period last year.

Imports during December, 2014 were valued at $34,832.56 million (Rs 218,584.77 crore) which was 4.78% lower in dollar terms and 3.48% lower in rupee terms over the level of imports valued at $36,580.09 million (Rs 226,468.46 crore) in December, 2013.

The cumulative value of imports for the period April-December 2014-15 was $351,205.70 million (Rs 2,134,282.62 crore) as against $338,907.35 million (Rs 2,028,361.39 crore), registering a growth of 3.63%in dollar terms and growth of 5.22% in rupee terms over the same period last year.