India's exports during February, 2010 were valued at US $ 16091 million (Rs. 74547 crore) which was 34.8 per cent higher in dollar terms (26.7 per cent in Rupee terms) than the level of US $ 11941 million  (Rs. 58822 crore) during February, 2009. Cumulative value of exports for the period April-2009 to February-2010 was US $ 152983 million (Rs 727345 crore) as against US $ 172379 million (Rs. 774585 crore) registering a negative growth of 11.3 per cent in Dollar terms and 6.1 per cent in Rupee terms over the same period last year.

India's imports during February, 2010 were valued at US $ 25057 million (Rs.116082  crore) representing a growth of  66.4 per cent in dollar terms (56.4  per cent in Rupee terms)  over the level of imports valued at US $ 15062 million ( Rs. 74198 crore) in February, 2009. Cumulative value of imports for the period April, 2009- February, 2010 was US $ 248401 million (Rs. 1180124 crore) as against US $ 287099 million (Rs. 1289412 crore) registering a negative growth of 13.5 per cent in Dollar terms and 8.5 per cent in Rupee terms over the same period last year.

Oil imports during February, 2010 were valued at US $ 7636 million which was 97.4 per cent higher than oil imports valued at US $ 3869 million in the corresponding period last year.   Oil imports during April, 2009- February, 2010 were valued at US$ 73230 million which was 18.2 per cent lower than the oil imports of US $ 89492 million in the corresponding period last year.

 

Non-oil imports during February 2010 were estimated at US $ 17421 million which was 55.6 per cent higher than non-oil imports of US $ 11193 million in February, 2009. Non-oil imports during April, 2009- February, 2010 were valued at US$ 175171 million which was 11.4 per cent lower than the level of such imports valued at US$ 197607 million in April 2008- February, 2009.        

The trade deficit for April 2009- February, 2010 was estimated at US $ 95418 million which was lower than the deficit of US $ 114721 million during April 2008 -February, 2009.

Trade deficit narrows as cumulative imports decline despite monthly import surge and higher exports figures. India's February 2010 trade data recorded strong year on year export growth in February and an even larger month on month rise in imports, while cumulative April 2009-February 2010 values for both exports and imports fell versus the prior year. Oil imports were higher in February year on year but lower cumulatively; non oil imports rose in February yet declined over the cumulative period. The cumulative trade deficit for April 2009-February 2010 narrowed compared with the same period of the previous year. Figures for 2009-10 are provisional.