Press Information Bureau

Government of India

Ministry of Commerce & Industry

01-August-2011 12:13 IST

India’s Foreign Trade: June, 2011

EXPORTS (including re-exports)

            India’s exports during June, 2011 were valued at US $ 29213.14 million (Rs. 131031.43 crore) which was 46.45 per cent higher in Dollar terms (41.06 per cent higher in Rupee terms) than the level of US $ 19948.18 million (Rs. 92892.68 crore) during June, 2010. Cumulative value of exports for the period April-June 2011 -12 was US $ 79003.74  million (Rs 353338.87 crore) as against US $ 54221.16 million (`247574.57 crore) registering a  growth of 45.71 per cent in Dollar terms and 42.72 per cent in Rupee terms over the same period last year.                                                                                                                

IMPORTS

            India’s imports during June, 2011 were valued at US $ 36872.49 million (Rs.165386.41 crore) representing a growth of 42.46 per cent in Dollar terms (37.22 per cent in Rupee terms)  over the level of imports valued at US $ 25883.03 million ( Rs. 120529.51 crore) in June, 2010. Cumulative value of imports for the period April-June, 2011-12 was US $ 110613.80 million (Rs. 494763.07 crore) as against US$ 81202.60 million

(Rs. 370182.12 crore) registering a growth of 36.22 per cent in Dollar terms and 33.65 per cent in Rupee terms over the same period last year.

CRUDE OIL AND NON-OIL IMPORTS:              

            Oil imports during June, 2011 were valued at US $ 10180.1 million which was 30.09  per cent higher than oil imports valued at US $  7825.4 million in the corresponding period last year.  Oil imports during April-June, 2011-12 were valued at US$ 30527.2 million which was 18.10 per cent higher than the oil imports of US $ 25849.5 million in the corresponding period last year.

           Non-oil imports during June, 2011 were estimated at US $ 26692.4 million which was 47.82 per cent higher than non-oil imports of US $ 18057.6 million in June, 2010.  Non-oil imports during April - June, 2011-12 were valued at US$ 80086.6 million which was 44.68 per cent higher than the level of such imports valued at US$ 55353.1 million in April - June, 2010-11.                                                                                                                                                                                                                                                                                                                                                                                                                                         

TRADE BALANCE

            The trade deficit for April - June, 2011-12 was estimated at US $ 31610.06 million which was lower than the deficit of US $ 26981.44 million during April -June, 2010-11.

 

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DS

Exports growth outpaces imports, widening trade deficit despite strong non-oil import surge in reported period. Provisional data for June 2011 and April-June 2011-12 show strong year-on-year growth in exports and imports in both US dollar and Rupee terms, with non-oil imports rising faster than oil imports for the quarter; provisional tables indicate the April-June trade balance remained in deficit, reflecting import growth outpacing export receipts and highlighting composition effects of crude oil and non-oil imports on the overall deficit.