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Export Falls $13 billion Short of its Target

April 12, 2014 by Admin Leave a Comment

  • Comparison between 2012-13 and 2013-14 Exports and Imports:
    • Imports fell 2.11 per cent to $40 billion as compared to March 2013.
    • Exports grew 3.98% to $312.35 billion falling short of the target of $325 billion.
    • Trade deficit decreased to $138.59 billion from $190.33 billion in 2012-13.
    • Shipments contracted 3.15 per cent to $29.57 billion in March 2014.
    • Trade deficit during the month of March was $10.5 billion against $10.4 billion in 2013.
    • Oil imports in March increased 17.7 per cent to $15.78 billion compared to 2.2 per cent to $167.62 billion in 2-13-14.
  • The gap in the last financial year was the lowest since $104.4 billion in 2010-11. In March, exports contracted to $29.57 billion and imports fell 2.11 per cent to $40 billion from a year earlier.
  • A fall in gold and silver imports helped to contract the trade gap.
  • China experienced a fall in exports indicating a possible slowdown in global demand.
  • Factors contributing to the slowdown.
    • Slowdown in manufacturing.
    • Liquidity crunch.
    • Currency appreciation in addition to depreciating currency of trading partners
    • Softening of metal and commodity prices.

Exams Perspective:

  1. Exports and Imports
  2. Trade deficit
  3. China exports
  4. gold and silver imports

Filed Under: Current Affairs, Economy Tagged With: Exports grew, Imports fell, slowdown in global demand., Trade deficit decreased

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