India’s exports during January, 2011 were valued at US $ 20605 million (Rs. 93534 crore) which was 32.4 per cent higher in Dollar terms (30.8 per cent higher in Rupee terms) than the level of US $ 15557 million (Rs.71500 crore) during January, 2010. Cumulative value of exports for the period April-January 2010 -11 was US $ 184632 million (Rs 842063 crore) as against US $ 142740 million (Rs. 680382 crore) registering a  growth of 29.3  per cent in Dollar terms and 23.8 per cent in Rupee terms over the same period last year.

 India’s imports during January, 2011 were valued at US $ 28587 million (Rs.129764 crore) representing a growth of 13.1 per cent in Dollar terms (11.7 per cent in Rupee terms)  over the level of imports valued at US $ 25267 million ( Rs. 116127 crore) in January, 2010. Cumulative value of imports for the period April-January, 2010-11 was US $ 273598 million (Rs. 1248141 crore) as against US $ 232582 million (Rs. 1107732 crore) registering a growth of 17.6 per cent in Dollar terms and 12.7 per cent in Rupee terms over the same period last year.

Oil imports during January, 2011 were valued at US $ 7852 million which was 7.8  per cent lower than oil imports valued at US $  8513 million in the corresponding period last year.   Oil imports during April-January, 2010-11 were valued at US$ 79957 million which was 13.9 per cent higher than the oil imports of US $ 70175 million in the corresponding period last year.

Non-oil imports during January, 2011 were estimated at US $ 20734 million which was 23.8 per cent higher than non-oil imports of US $ 16754 million in January, 2010.                                                                                                                                                                      

Non-oil imports during April - January, 2010-11 were valued at US$ 193641 million which was 19.2 per cent higher than the level of such imports valued at US$ 162408 million in April - January, 2009-10.

The trade deficit for April - January, 2010-11 was estimated at US $ 88965 million which was lower than the deficit of US $ 89843 million during April -January, 2009-10. 

 

Trade balance narrows as exports outpace imports, reducing the cumulative trade deficit for the April-January period. India's exports rose substantially in January 2011 and cumulatively for April-January 2010-11 versus the prior year, while imports increased at lower rates, yielding a modest reduction in the cumulative trade deficit. Oil imports fell in January but rose cumulatively for April-January, whereas non-oil imports increased in both January and the cumulative period; figures are presented on a provisional basis in US dollar and rupee terms with percentage growth rates.