India's exports during May, 2010 were valued at US $ 16145 million (Rs. 73964 crore) which was 35.1 per cent higher in dollar terms (27.5 per cent higher in Rupee terms) than the level of US $ 11952 million (Rs.58005 crore) during May, 2009. Cumulative value of exports for the period April-May 2010  was US $ 33032 million (Rs 149111 crore) as against US $ 24349 million (Rs. 120069crore) registering a  growth of 35.7  per cent in Dollar terms and 24.2  per cent in Rupee terms over the same period last year.  

            India's imports during May, 2010 were valued at US $ 27437 million (Rs.125694  crore) representing a growth of 38.5 per cent in dollar terms (30.8 per cent in Rupee terms)  over the level of imports valued at US $ 19806 million ( Rs. 96125 crore) in May, 2009. Cumulative value of imports for the period April-May, 2010 was US $ 54745 million (Rs. 247211 crore) as against US $ 38858 million (Rs. 191502 crore) registering a growth of 40.9 per cent in Dollar terms and 29.1 per cent in Rupee terms over the same period last year.            

            Oil imports during May, 2010 were valued at US $ 8844 million which was 66.7  per cent higher than oil imports valued at US $  5306 million in the corresponding period last year.   Oil imports during April-May, 2010 were valued at US$ 16923 million which was 68.5 per cent higher than the oil imports of US $ 10045 million in the corresponding period last year.

           Non-oil imports during May, 2010 were estimated at US $ 18593 million which was 32.3 per cent higher than non-oil imports of US $ 14057 million in May, 2009. Non-oil imports during April - May, 2010 were valued at US$ 37822 million which was 31.2 per cent higher than the level of such imports valued at US$ 28821million in April - May, 2009. 

             The trade deficit for April - May, 2010 was estimated at US $ 21712 million which was higher than the deficit of US $ 14509 million during April -May, 2009.

 

Trade growth: exports rose year-on-year while imports increased, widening the trade deficit in the April-May period. Exports rose year on year in May and cumulatively for April-May, while imports increased more rapidly-driven by a sharp rise in oil imports and strong non oil demand-resulting in a widened trade deficit for the April-May period compared with the prior year.