India's exports up by 19% "
India's exports during September, 2007 were valued at US $ 12796.61 million which was 19.26 % higher than the level of US $ 10730.34 million during September, 2006. In rupee terms, exports touched Rs.51621.52 crore, which was 4.31% higher than the value of exports during September, 2006. Cumulative value of exports for the period April-September, 2007 was US$ 72280.60 million (Rs.295233.05 Crore) as against US$ 60985.84 million (Rs.280275.27 Crore) registering a growth of 18.52% in Dollar terms and 5.34% in Rupee terms during the same period last year. India's imports during September, 2007 were valued at US $ 17217.65 million representing an increase of 2.31 % over the level of imports valued at US $ 16828.82 million in September, 2006. In Rupee terms, imports declined by 10.51%. Cumulative value of imports for the period April-September, 2007 was US$ 109204.43 million (Rs.446420.86 Crore) as against US$ 87010.23 million (Rs.399815.04 Crore) registering a growth of 25.51% in Dollar terms and 11.66% in Rupee terms during the same period last year.
Oil imports during September, 2007 were valued at US $ 5497.96 million which was 7.98% higher than oil imports valued at US $ 5091.55 million in the corresponding period last year. Oil imports during April-September, 2007 were valued at US$ 31399.22 million which was 8.26% higher than the oil imports of US$ 29003.64 million in the corresponding period last year. Non-oil imports during September, 2007 were estimated at US $ 11719.69 million which was 0.15% lower than growth of non oil imports of US$ 11737.27 million in September, 2006. Non-oil imports during April-September, 2007 were valued at US$ 77805.21 million which was 34.13% higher than the level of such imports valued at US$ 58006.59 million in April-September, 2006.
The trade deficit for April-September, 2007 was estimated at US $ 36923.83 million which was higher than the deficit at US $ 26024.39 million during April-September, 2006. Detailed data showing exports, imports and trade balance is attached below. EXPORTS & IMPORTS: (US $ Million) | (PROVISIONAL) | | | | SEPTEMBER | APRIL-SEPTEMBER | EXPORTS (including re-exports) | | | 2006-2007 | 10730.34 | 60985.84 | 2007-2008 | 12796.61 | 72280.60 | %Growth 2007-2008/ 2006-2007 | 19.26 | 18.52 | | | | IMPORTS | | | 2006-2007 | 16828.82 | 87010.23 | 2007-2008 | 17217.65 | 109204.43 | %Growth 2007-2008/ 2006-2007 | 2.31 | 25.51 | | | | TRADE BALANCE | | | 2006-2007 | -6098.48 | -26024.39 | 2007-2008 | -4421.04 | -36923.83 | | | | EXPORTS & IMPORTS : (Rs. Crores) | (PROVISIONAL) | | | | SEPTEMBER | APRIL-SEPTEMBER | EXPORTS(including re-exports) | | | 2006-2007 | 49486.28 | 280275.27 | 2007-2008 | 51621.52 | 295233.05 | %Growth 2007-2008/ 2006-2007 | 4.31 | 5.34 | | | | IMPORTS | | | 2006-2007 | 77611.31 | 399815.04 | 2007-2008 | 69456.01 | 446420.86 | %Growth 2007-2008/ 2006-2007 | -10.51 | 11.66 | | | | TRADE BALANCE | | | 2006-2007 | -28125.03 | -119539.77 | 2007-2008 | -17834.49 | -151187.81 | Figures for 2006-07 are the latest revised whereas figures for 2007-08 are provisional |
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Exports growth outpaces imports, altering external balance and widening the cumulative trade deficit in the recent period. Exports rose markedly in dollar terms in both the month and cumulative six month period while rupee growth was lower; imports showed modest monthly increase and stronger cumulative dollar growth, with oil imports up and non oil imports largely flat monthly but much higher cumulatively, producing a wider cumulative trade deficit. Reported figures are provisional for the current period and compared with revised prior year data.