Press Information Bureau
Government of India
Ministry of Commerce & Industry

03-October-2011 11:31 IST

India’s Foreign Trade: August, 2011

A. EXPORTS (including re-exports) 

            India’s Exports during August, 2011 were valued at US $ 24312.53 million (Rs. 110084.22 crore) which was 44.25 per cent higher in Dollar terms (40.26 per cent higher in Rupee terms) than the level of US $ 16854.16 million (Rs. 78486.28) during August, 2010. Cumulative value of exports for the period April-August 2011 -12 was US $ 134502.54  million (Rs 602031.90 crore) as against US $ 87218.51 million (Rs. 401671.07 crore) registering a  growth of 54.21 per cent in Dollar terms and 49.88 per cent in Rupee terms over the same period last year. 

B. IMPORTS

            India’sImports during August, 2011 were valued at US $ 38354.15 million (Rs.173663.00 crore) representing a growth of 41.82 per cent in Dollar terms (37.89 per cent in Rupee terms)  over the level of imports valued at US $ 27044.49 million ( Rs. 125940.50 crore) in August, 2010. Cumulative value of imports for the period April-August, 2011-12 was US $ 189393.77 million (Rs.847987.07 crore) as against US$134928.14 million (Rs. 621089.45 crore) registering a growth of 40.37 per cent in Dollar terms and 36.53 per cent in Rupee terms over the same period last year.

C. CRUDE OIL AND NON-OIL IMPORTS:        

            Oil imports during August, 2011 were valued at US $ 10278.7 million which was 48.72  per cent higher than oil imports valued at US $  6911.6 million in the corresponding period last year.  Oil imports during April-August, 2011-12 were valued at US$ 52251.2 million which was 27.09 per cent higher than the oil imports of US $ 41114.3 million in the corresponding period last year.

           Non-oil imports during August, 2011 were estimated at US $ 28075.4 million which was 39.4 per cent higher than non-oil imports of US $ 20132.8 million in August, 2010.  Non-oil imports during April - August, 2011-12 were valued at US$ 137142.5 million which was 46.19 per cent higher than the level of such imports valued at US$ 93813.7 million in April - August, 2010-11.                      

D. TRADE BALANCE

            The trade deficit for April - August, 2011-12 was estimated at US $ 54891.23 million which was higher than the deficit of US $ 47709.63 million during April -August, 2010-11. 

 

 

 

DS/GK

Trade deficit rises as imports outpace exports, widening external imbalance for the April-August review period. India's merchandise trade in August 2011 recorded substantial year on year growth in exports and imports in dollar and rupee terms, with cumulative April-August flows also rising notably. Both oil and non oil imports increased, and imports grew faster than exports overall, producing a larger merchandise trade deficit for April-August compared with the prior year; provisional tables set out dollar and rupee values and growth percentages for exports, imports and the trade balance.