India's exports during August, 2009 were valued at US $ 14289 million (Rs. 69066 crore) which was 19.4 per cent lower in dollar terms (minus 9.2 per cent in Rupee terms) than the level of US$ 17724 million (Rs. 76103 crore) during August, 2008. Cumulative value of exports for the period April- August, 2009 was US$ 64129  million (Rs. 311715 crore) as against US $ 92959  million (Rs. 391841 crore) registering a  negative growth of 31  per cent in Dollar terms and 20.4 per cent in Rupee terms over the same period last year.

India's imports during August, 2009 were valued at US $ 22661 million (Rs. 109533 crore) representing a decrease of  32.4  per cent in dollar terms (minus 23.9  per cent in Rupee terms)  over the level of imports valued at US $ 33512  million ( Rs. 143890 crore) in August, 2008. Cumulative value of imports for the period April- August 2009 was US$ 102300 million (Rs. 497108 crore) as against US$ 153691  million (Rs. 648041 crore) registering a negative growth of  33.4 per cent in Dollar terms and 23.3 per cent in Rupee terms over the same period last year.           

Oil imports during August, 2009 were valued at US $ 6281 million which was 45.5  per cent lower than oil imports valued at US $  11521 million in the corresponding period last year. Oil imports during April- August, 2009 were valued at US$ 28275  million which was 47.4 per cent lower than the oil imports of US $ 53742 million in the corresponding period last year.

Non-oil imports during August, 2009 were estimated at US $ 16380 million which was 25.5 per cent lower than non-oil imports of US $ 21991 million in August, 2008. Non-oil imports during April- August, 2009 were valued at US$ 74024 million which was 25.9 per cent lower than the level of such imports valued at US$99949 million in April- August, 2008.                                   

The trade deficit for April- August, 2009 was estimated at US $38171 million which was lower than the deficit of US $ 60732 million during April-August, 2008.

EXPORTS & IMPORTS  : (US $ Million)
(PROVISIONAL)
	AUGUST	APRIL-AUGUST
EXPORTS(including re-exports)
2008-2009	17724	92959
2009-2010	14289	64129
%Growth 2009-2010/ 2008-2009	-19.4	-31.0
IMPORTS
2008-2009	33512	153691
2009-2010	22661	102300
%Growth 2009-2010/ 2008-2009	-32.4	-33.4
TRADE BALANCE
2008-2009	-15787	-60732
2009-2010	-8372	-38171
EXPORTS & IMPORTS  : (Rs. Crore)
(PROVISIONAL)	AUGUST	APRIL-AUGUST
EXPORTS(including re-exports)
2008-2009	76103	391841
2009-2010	69066	311715
%Growth 2009-2010/ 2008-2009	-9.2	-20.4
IMPORTS
2008-2009	143890	648041
2009-2010	109533	497108
%Growth 2009-2010/ 2008-2009	-23.9	-23.3
TRADE BALANCE
2008-2009	-67787	-256200
2009-2010	-40467	-185393
Figures for 2008-09 are the latest revised whereas figures for 2009-10 are provisional

Trade contraction: exports and imports declined significantly year on year, narrowing the trade deficit and reflecting reduced oil and non oil demand. India's merchandise trade contracted in August 2009 and for April-August 2009, with exports and imports falling year on year in dollar and rupee terms. Imports declined more steeply than exports, driven by large reductions in oil imports and substantial falls in non oil imports, which together narrowed the April-August trade deficit. The release provides provisional monthly and cumulative figures in dollars and rupees and notes that prior year figures are revised while current year figures are provisional.