Press Information Bureau

Government of India

Ministry of Commerce & Industry

12-May-2011

India’s exports have registered a growth of 34.4% during April 2011, at US $ 23.9 billion. Stating this at a press interaction here today, Shri Rahul Khullar, Commerce Secretary, informed that during the interaction, with press, India’s imports in April 2011 were US $ 32.8 billion, which is up by 14.1% Balance of trade for the month of April stood at -8.9 billion US $.

During April 2011, the following sectors have done well viz., engineering (109%), gems & jewellery(39%), electronic goods(48%) petroleum and its products, plastics & linoleum (30%), chemicals etc.

Imports for the month of April 2011 increased Petroleum products increased by 7. 7%, Pearls and precious stones increased 19 % , gold increase by 60%. He further clarified that these figures are the quick estimates and the final figure may change.

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DS
(Release ID :72101)

Trade balance shows deficit despite strong export growth as imports expanded across key commodity sectors, provisional estimates noted. India's merchandise exports rose markedly in April 2011, led by engineering, gems and jewellery, electronics, petroleum products, plastics and chemicals; imports also increased-particularly petroleum products, precious stones and gold-resulting in a negative monthly trade balance. The figures are presented as quick provisional estimates and may be revised.