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Informist, Friday, Aug 16, 2024

 

MUMBAI – India's exports of tea, tobacco, spices, oil meals, fruits and vegetables, and meat, dairy and poultry rose year-on-year in July, while those of coffee, rice, other cereals, and gems and jewellery fell, according to the data released by the commerce ministry. India's imports of vegetable oil, pulses, fruits and vegetables, petroleum, crude and products, and silver rose in July this year, while those of cotton raw and cotton waste and gold fell, according to the data.

 

The value of India's oilmeal exports in July rose by 22% to $131.95 mln from $108.14 mln a year ago, according to the data. Exports of meat, dairy and poultry exports rose by 56% to $456.10 mln from $292.03 mln a year ago. Tea exports rose to $79.37 mln from $65.17 mln a year ago while tobacco exports rose by 39% to $146.47 mln. Spice exports were up 13% to $335.92 mln from $297.28 mln in the corresponding period last year. Exports of fruits and vegetables also rose to $277.80 mln from $271.84 mln last year, according to the data.

 

However, rice exports were down 15% to $830.38 mln from $980.39 mln a year ago. Exports of other cereals fell sharply by 81% to $12.16 mln from $65.50 mln a year ago. Coffee exports fell to $103.62 mln from $104.65 mln a year ago. The exports of oilseeds were $123.10 mln against $123.11 mln a year ago. Gems and jewellery exports fell by 20% to $1.8 bln from $2.3 bln a year ago, according to the data.

 

The value of vegetable oil imports rose to $1.9 bln from $1.6 bln a year ago. The import of pulses rose by 43% year-on-year to $294.39 mln. Fruits and vegetable imports rose to $217.71 mln from $185.51 mln last year. The imports of petroleum, crude and products rose by 17% to $13.9 bln from $11.8 bln last year. Silver imports rose sharply by 439% year-on-year to $165.74 mln, according to the data.

 

However, imports of cotton raw and cotton waste fell to $86.29 mln from $88.72 mln in the corresponding period last year. Gold imports also fell by nearly 11% to $3.1 bln from $3.5 bln a year ago.

 

The grand total value of India's exports for the first four months of 2024-25 (Apr-Mar) rose to $144.1 bln from $138.4 bln in the corresponding period last year. The grand total of India's imports for the first four months of 2024-25 (Apr-Mar) rose to $229.7 bln from $213.5 bln in the same period last year. End

 

US$1 = 83.95 rupees

 

Reported by Shreya Shetty

Edited by Vidhi Verma

 

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