India's exports during November 2007 were valued at US $ 12425.11 million, which was 26.82% higher than the level of US $ 9797.67 million during November 2006. In rupee terms, exports touched Rs. 49000.16 crore, which was 11.51 % higher than the value of exports during November 2006. Cumulative value of exports for the period April-November, 2007 was US$ 98386.06 million (Rs. 398385.78 Crore) as against US$ 80590.19 million (Rs. 368807.15 Crore) registering a growth of 22.08% in Dollar terms and 8.02% in Rupee terms during the same period last year.

Imports during November 2007 were valued at US $ 19831.79 million representing an increase of 29.26 % over the level of imports valued at US $ 15342.36 million in November 2006. In Rupee terms, imports increased by 13.66%. Cumulative value of imports for the period April-November, 2007 was US$ 151190.37 million (Rs. 612356.61 Crore) as against US$ 119078.24 million (Rs. 544674.11 Crore) registering a growth of 26.97% in Dollar terms and 12.43% in Rupee terms during the same period last year.

Oil imports during November, 2007 were valued at US $ 5823.49 million which was 16.72% higher than oil imports valued at US $ 4989.14 million in the corresponding period last year. Oil imports during April-November, 2007 were valued at US$ 43348.93 million, which was 10.19% higher than the oil imports of US$ 39338.91 million in the corresponding period last year.

Non-oil imports during November 2007 were estimated at US $ 14008.30 million, which was 35.30% higher than growth of non-oil imports of US$ 10353.22 million in November 2006. Non-oil imports during April-November, 2007 were valued at US$ 107841.44 million which was 35.24% higher than the level of such imports valued at US$ 79739.33 million in April-November, 2006.

The trade deficit for April-November, 2007 was estimated at US $ 52804.31 million, which was higher than the deficit at US $ 38488.04 million during April-November, 2006.