Press Information Bureau
Government of India
Ministry of Commerce & Industry

01-September-2011 12:07 IST

India’s Foreign Trade: July, 2011

EXPORTS (including re-exports) 

India’s exports during July, 2011 were valued at US $ 29344.03 million (Rs. 130338.54 crore) which was 81.79 per cent higher in Dollar terms (72.40 per cent higher in Rupee terms) than the level of US $ 16141.65 million (Rs. 75603.11) during July, 2010. Cumulative value of exports for the period April-July 2011 -12 was US $ 108347.77  million (Rs 483677.41 crore) as against US $ 70364.35 million (Rs. 323184.79 crore) registering a  growth of 53.98 per cent in Dollar terms and 49.66 per cent in Rupee terms over the same period last year.        

IMPORTS

India’s imports during July, 2011 were valued at US $ 40425.82 million (Rs.179561.00 crore) representing a growth of 51.52 per cent in Dollar terms (43.69 per cent in Rupee terms)  over the level of imports valued at US $ 26681.05 million ( Rs. 124966.83 crore) in July, 2010. Cumulative value of imports for the period April-July, 2011-12 was US $ 151039.62 million (Rs.674324.07 crore) as against US$107883.65 million (Rs. 495148.95 crore) registering a growth of 40.00 per cent in Dollar terms and 36.19 per cent in Rupee terms over the same period last year.

CRUDE OIL AND NON-OIL IMPORTS:         

Oil imports during July, 2011 were valued at US $ 11445.4 million which was 37.02  per cent higher than oil imports valued at US $  8353.2 million in the corresponding period last year.  Oil imports during April-July, 2011-12 were valued at US$ 41972.6 million which was 22.72 per cent higher than the oil imports of US $ 34202.7 million in the corresponding period last year.

Non-oil imports during July, 2011 were estimated at US $ 28980.4 million which was 58.12 per cent higher than non-oil imports of US $ 18327.8 million in July, 2010.  Non-oil imports during April - July, 2011-12 were valued at US$ 109067.0 million which was 48.03 per cent higher than the level of such imports valued at US$ 73680.9 million in April - July, 2010-11.                                                                                                                                                                                                                                                                                                                                                                                                     

TRADE BALANCE

The trade deficit for April - July, 2011-12 was estimated at US $ 42691.85 million which was higher than the deficit of US $ 37519.30 million during April -July, 2010-11. 

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DS

Trade deficit widens as imports grow faster than exports, driven by rising oil and non oil import values. Monthly foreign trade statistics for July 2011 show substantial year on year increases in exports and imports, with imports rising strongly and the April-July trade deficit widening relative to the prior year; oil and non oil import values both increased, with non oil imports recording larger percentage growth.