INDIA’S FOREIGN TRADE: May2020

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India’s overall exports (Merchandise and Services combined) in April-May2020-21* are estimated to be USD 61.57billion, exhibiting a negative growth of (-) 33.66 per cent over the same period last year. Overall imports in April-May 2020-21* are estimated to be USD 57.19 billion, exhibiting a negative growth of (-) 48.31per cent over the same period last year.

*Note: i) The latest data for services sector released by RBI is for April 2020. The data for May 2020 is an estimation, which will be revised based on RBI’s subsequent release ii) the figures in bracket are growth rates vis-à-vis corresponding period of last year.

EXPORTS (including re-exports)

 

IMPORTS

CRUDE OIL AND NON-OIL IMPORTS:

 

EXPORTS (Receipts)

IMPORTS (Payments)

III.TRADE BALANCE

 

*Note: The latest data for services sector released by RBI is for April2020. The data for May2020 is an estimation, which will be revised based on RBI’s subsequent release.

 

MERCHANDISE TRADE

 

 

EXPORTS & IMPORTS  : (US $ Billion)

(PROVISIONAL)

 

MAY

APRIL-MAY

EXPORTS(including re-exports)

 

 

2019-20

29.99

56.07

2020-21

19.05

29.41

%Growth 2020-21/ 2019-20

-36.47

-47.54

IMPORTS

 

 

2019-20

45.35

86.75

2020-21

22.20

39.32

%Growth 2020-21/ 2019-20

-51.05

-54.67

TRADE BALANCE

 

 

2019-20

-15.36

-30.69

2020-21

-3.15

-9.91

 

EXPORTS &IMPORTS: (Rs. Crore)

 

(PROVISIONAL)

 

 

MAY

APRIL-MAY

EXPORTS(including re-exports)

 

 

2019-20

2,09,280.62

3,90,301.96

2020-21

1,44,166.01

2,23,117.42

%Growth 2020-21/ 2019-20

-31.11

-42.83

IMPORTS

 

 

2019-20

3,16,448.93

6,03,881.86

2020-21

1,67,977.68

2,98,502.76

%Growth 2020-21/ 2019-20

-46.92

-50.57

TRADE BALANCE

 

 

2019-20

-1,07,168.31

-2,13,579.90

2020-21

-23,811.67

-75,385.34

 

SERVICES TRADE

 

EXPORTS & IMPORTS (SERVICES) : (US $ Billion)

(PROVISIONAL)

April 2020

EXPORTS (Receipts)

16.45

IMPORTS (Payments)

9.30

TRADE BALANCE

7.15

 

 

EXPORTS & IMPORTS (SERVICES): (Rs. Crore)

(PROVISIONAL)

April 2020

EXPORTS (Receipts)

125,409.04

IMPORTS (Payments)

70,907.57

TRADE BALANCE

54,501.47

Source: RBI Press Release dated 15th June 2020

 

*Link for Quick Estimates:

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