India's exports during March, 2010 were valued at US $ 19908 million (Rs. 90573 crore) which was 54.1 per cent higher in dollar terms (36.9 per cent in Rupee terms) than the level of US $ 12916 million (Rs. 66169 crore) during March, 2009. Cumulative value of exports for the period April-2009 to March-2010  was US $ 176574 million (Rs 835264 crore) as against US $ 185295 million (Rs. 840754 crore) registering a  negative growth of 4.7  per cent in Dollar terms and 0.7  per cent in Rupee terms over the same period last year.

            India's imports during March, 2010 were valued at US $ 27733 million (Rs.126175  crore) representing a growth of  67.1 per cent in dollar terms (48.4  per cent in Rupee terms)  over the level of imports valued at US $ 16597 million ( Rs. 85022 crore) in March, 2009. Cumulative value of imports for the period April, 2009- March, 2010 was US $ 278681 million (Rs. 1318188 crore) as against US $ 303696 million (Rs. 1374434 crore) registering a negative growth of 8.2 per cent in Dollar terms and 4.1 per cent in Rupee terms over the same period last year.       

            Oil imports during March, 2010 were valued at US $ 7730 million which was 85.2  per cent higher than oil imports valued at US $  4175 million in the corresponding period last year.   Oil imports during April, 2009- March, 2010 were valued at US$ 85473 million which was 8.7 per cent lower than the oil imports of US $ 93667 million in the corresponding period last year.

Non-oil imports during March, 2010 were estimated at US $ 20003 million which was 61.0 per cent higher than non-oil imports of US $ 12422 million in March, 2009. Non-oil imports during April, 2009- March, 2010 were valued at US$ 193208 million which was 8.0 per cent lower than the level of such imports valued at US$ 210029 million in April 2008- March, 2009.                                  

      The trade deficit for April 2009- March, 2010 was estimated at US $ 102106 million which was lower than the deficit of US $ 118401 million during April 2008 -March, 2009.

Trade balance narrowed despite monthly export surge; imports rose sharply driven by oil and non-oil demand. March 2010 exports rose strongly month-on-month while imports increased even more, widening the monthly deficit but reducing the April-March annual trade deficit versus the prior year; oil and non-oil imports both surged in March yet declined on a cumulative April-March year-on-year basis. The release presents provisional US dollar and rupee figures for 2009-10 against final 2008-09 data.