Wait...

Online Export Import Data Search Search

Complete Training Video : Click Here

Exports rise for fifth straight month, up 4% to $22 bn in Jan; gold imports slip 30%.


Date: 16-02-2017
Subject: Exports rise for fifth straight month, up 4% to $22 bn in Jan; gold imports slip 30%
New Delhi: India's exports rose for the fifth straight month in January, up 4.32 percent, to $22.11 billion on increase in shipments of petroleum products, engineering goods and iron ore even as trade deficit widened to $9.84 billion.

The growth in shipments came despite the growing protectionist and anti-trade sentiment in the US and Europe, which exporters said pose "major challenges" for the sector in the near future.

Gold imports tumbled 29.94 percent to $2.04 billion in January, from $2.91 billion in the same month last year, as demand softened following cash crunch, post demonetisation.

Imports widened to $31.95 billion in January, up 10.7 percent from the same month last fiscal.

"While continuous positive growth in exports for the last 5 months is encouraging, the slowdown in global trade is equally affecting us. Going by the current trend, we are expected to reach around $270 billion this fiscal," said S C Ralhan, President of FIEO, an exporters' body.

Ralhan said increasing protectionism, volatility in currencies and uncertainties clouding the global economy pose as major challenges for the export sector in 2017.

As per the data released by the commerce ministry today, growth in exports last month was lower than 5.72 percent recorded in December.

Exports for April-January of the current fiscal totalled $220.92 billion, up about 1 percent over the year-ago shipments.

Higher imports took the trade deficit to $9.84 billion as against $7.66 billion in January 2016.

Positive trade data set the stage for a further build-up in India's exports, taking advantage of pick-up in the US and Europe, EEPC India Chairman T S Bhasin said.

However, he said, Indian exporters and policymakers need to keep a watch on a possible currency and unfolding trade war.

Source: firstpost.com

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 22-09-2017
A.P. (DIR Series) Circular No. 05
Investment by Foreign Portfolio Investors in Corporate Debt Securities – Review

Date: 22-09-2017
A.P. (DIR Series) Circular No. 06
Issuance of Rupee Denominated Bonds (RDBs) Overseas

Date: 21-09-2017
Notification No. 90/2017 - Customs (N.T.)
Exchange Rates Notification No.90/2017-Custom(NT) dated 21.09.2017

Date: 21-09-2017
Notification No. 89/2017 - Customs (N.T.)
All Industry Rates of Duty Drawback Schedule

Date: 21-09-2017
Notification No. 88/2017 - Customs (N.T.)
The Customs and Central Excise Duties Drawback Rules, 2017

Date: 21-09-2017
Notification No. 29/2015-2020
Amendment in Appendix 3 (SCOMET items) to Schedule -2 of ITC(HS) Classification of Export and Import Items, 2012.

Date: 21-09-2017
Public Notice No. 27/2015-2020
Amendment to Paragraph 2.72 (b) of the Handbook of Procedures of the Foreign Trade Policy (FTP) 2015-20

Date: 20-09-2017
Public Notice No. 26/2015-2020
Amendment in Hand Book of Procedures 2015-20

Date: 20-09-2017
Circular No. 37/2017-Customs
Implementing Electronic Sealing for containers by exporters under self-sealing procedure prescribed by Circular 26/2017-Cus dated 1st July, 2017 and Circular 36/2017 dated 28th August, 2017.

Date: 18-09-2017
Notification No. 45/2017-Customs (ADD)
Seeks to impose anti-dumping duty on "New/unused pneumatic radial tyres with or without tubes and/or flap of rubber (including tubeless tyres) having normal rim dia code above 16'' used in buses and lorries/trucks",originating in or exported from China PR.



Exim Guru Copyright © 1999-2017 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o Infodrive India
E-2, 3rd Floor, Kalkaji Main Road
New Delhi - 110019, India
Phone : 011 - 40703001