EXPORTS UP BY OVER 35% - INDIA'S FOREIGN TRADE DATA: APRIL-OCTOBER 2007

India's exports during October, 2007 were valued at US $ 13302.71 million which was 35.65% higher than the level of US $ 9806.69 million during October, 2006. In rupee terms, exports touched Rs.52560.85crore, which was 17.88% higher than the value of exports during October, 2006. Cumulative value of exports for the period April-October, 2007 was US $ 85583.30 million (Rs.347793.90 Crore) as against US $ 70792.52 million (Rs.324863.93 Crore) registering a growth of 20.89% in Dollar terms and 7.06% in Rupee terms during the same period last year.

India's imports during October, 2007 were valued at US $ 20785.29 million representing an increase of 24.27 % over the level of imports valued at US $ 16725.65 million in October, 2006. In Rupee terms, imports increased by 7.99%. Cumulative value of imports for the period April-October, 2007 was US $ 129989.72 million (Rs.528546.44 Crore) as against US $ 103735.88 million (Rs.475862.57 Crore) registering a growth of 25.31% in Dollar terms and 11.07% in Rupee terms during the same period last year.

Oil imports during October, 2007 were valued at US $ 6126.22 million which was 14.59% higher than oil imports valued at US $ 5346.14 million in the corresponding period last year.  Oil imports during April-October, 2007 were valued at US $ 37525.44 million which was 9.25% higher than the oil imports of US $ 34349.77 million in the corresponding period last year.

Non-oil imports during October, 2007 were estimated at US $ 14659.07 million which was 28.82% higher than growth of non oil imports of US $ 11379.52 million in October, 2006. Non-oil imports during April-October, 2007 were valued at US $ 92464.28 million which was 33.26% higher than the level of such imports valued at US $ 69386.11 million in April-October, 2006.                          

The trade deficit for April-October, 2007 was estimated at US $ 44406.42 million which was higher than the deficit at US $ 32943.35 million during April-October, 2006.

Tables showing India's exports, imports and trade balance, according to the Directorate General of Commercial Intelligence & Statistics (DGCI&S), is attached.  

EXPORTS & IMPORTS  : (US $ Million)
(PROVISIONAL)
	OCTOBER	APRIL-OCTOBER
EXPORTS (including re-exports)
2006-2007	9806.69	70792.52
2007-2008	13302.71	85583.30
%Growth 2007-2008/ 2006-2007	35.65	20.89
IMPORTS
2006-2007	16725.65	103735.88
2007-2008	20785.29	129989.72
%Growth 2007-2008/ 2006-2007	24.27	25.31
TRADE BALANCE
2006-2007	-6918.96	-32943.35
2007-2008	-7482.58	-44406.42
EXPORTS & IMPORTS  : (Rs. Crores)
(PROVISIONAL)
	OCTOBER	APRIL-OCTOBER
EXPORTS(including re-exports)
2006-2007	44588.66	324863.93
2007-2008	52560.85	347793.90
%Growth 2007-2008/ 2006-2007	17.88	7.06
IMPORTS
2006-2007	76047.53	475862.57
2007-2008	82125.58	528546.44
%Growth 2007-2008/ 2006-2007	7.99	11.07
TRADE BALANCE
2006-2007	-31458.87	-150998.64
2007-2008	-29564.73	-180752.54
Figures for 2006-07 are the latest revised whereas figures for 2007-08 are provisional

Trade deficit widened as exports grew strongly but imports grew faster, increasing the external merchandise gap. Exports expanded strongly in October and cumulatively for April-October 2007 with higher dollar term growth than rupee term growth; imports-particularly non oil imports-grew faster than exports, oil imports rose more moderately, and the provisional merchandise trade deficit for April-October 2007 widened relative to the prior year, with values reported in both US dollar and rupee terms.