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. 

EXPORTS & IMPORTS : (US $ Million)
(PROVISIONAL)
	NOVEMBER	APRIL-NOVEMBER
EXPORTS(including re-exports)
2006-2007	9797.67	80590.19
2007-2008	12425.11	98386.06
%Growth 2007-2008/ 2006-2007	26.82	22.08
IMPORTS
2006-2007	15342.36	119078.24
2007-2008	19831.79	151190.37
%Growth 2007-2008/ 2006-2007	29.26	26.97
TRADE BALANCE
2006-2007	-5544.69	-38488.04
2007-2008	-7406.68	-52804.31
EXPORTS & IMPORTS : (Rs. Crores)
(PROVISIONAL)
	NOVEMBER	APRIL-NOVEMBER
EXPORTS(including re-exports)
2006-2007	43943.22	368807.15
2007-2008	49000.16	398385.78
%Growth 2007-2008/ 2006-2007	11.51	8.02
IMPORTS
2006-2007	68811.54	544674.11
2007-2008	78209.43	612356.61
%Growth 2007-2008/ 2006-2007	13.66	12.43
TRADE BALANCE
2006-2007	-24868.32	-175866.96
2007-2008	-29209.27	-213970.83
Figures for 2006-07 are the latest revised whereas figures for 2007-08 are provisional

Trade balance widened as exports and imports rose, with non-oil imports outpacing oil imports in growth. Merchandise exports rose significantly in dollar terms and moderately in rupee terms for November and April-November, 2007, while imports-driven by faster growth in non oil imports than oil imports-also increased markedly; provisional 2007-08 data show the cumulative trade deficit widened compared with the latest revised 2006-07 figures.