Press Information Bureau

Government of India

Ministry of Commerce & Industry

01-December-2011 14:14 IST

 EXPORTS (including re-exports)

India’s exports during October, 2011 were valued at US$ 19869.97 million (Rs.97875.32 crore) which was 10.82 per cent higher in Dollar terms (22.92 per cent higher in Rupee terms) than the level of US$ 17929.64 million (Rs. 79626.77) during October, 2010. Cumulative value of exports for the period April-October 2011 -12 was US$ 179777.23  million (Rs 820679.43 crore) as against US$ 123170.46 million (Rs.564313.87 crore) registering a  growth of 45.96 per cent in Dollar terms and 45.43 per cent in Rupee terms over the same period last year.

IMPORTS

India’s imports during October, 2011 were valued at US$ 39513.73 million (Rs.194636.35 crore) representing a growth of 21.72 per cent in Dollar terms (35.01 per cent in Rupee terms)  over the level of imports valued at US$ 32461.70 million ( Rs. 144164.69 crore) in October, 2010. Cumulative value of imports for the period April-October, 2011-12 was US$ 273467.77 million (Rs.1251948.19 crore) as against US$ 208821.75 million (Rs. 955937.28 crore) registering a growth of 30.96 per cent in Dollar terms and 30.97 per cent in Rupee terms over the same period last year.

CRUDE OIL AND NON-OIL IMPORTS:      

Oil imports during October, 2011 were valued at US$ 10076.48 million which was 20.73  per cent higher than oil imports valued at US$  8346.44 million in the corresponding period last year.  Oil imports during April-October, 2011-12 were valued at US$ 81921.93 million which was 40.82 per cent higher than the oil imports of US$ 58175.62 million in the corresponding period last year.

Non-oil imports during October, 2011 were estimated at US$ 29437.25 million which was 22.07 per cent higher than non-oil imports of US$ 24115.26 million in October, 2010.  Non-oil imports during April - October, 2011-12 were valued at US$ 191545.84 million which was 27.15 per cent higher than the level of such imports valued at US$ 150646.14 million in April - October, 2010-11.

TRADE BALANCE

The trade deficit for April-October, 2011-12 was estimated at US$ 93690.54 million which was higher than the deficit of US$ 85651.29 million during April-October, 2010-11. 

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DS

Trade deficit rises as imports outpace exports, widening the merchandise gap and increasing external sector pressures. India's merchandise exports rose in October 2011 and cumulatively for April-October 2011-12, while imports increased more rapidly, with pronounced growth in both oil and non oil imports. The faster import growth led to a widened merchandise trade deficit for October 2011 and the April-October cumulative period compared with the previous year. The release reports provisional monthly and cumulative values in US dollars and rupee equivalents and attributes a notable share of the deficit expansion to higher oil import values.