Press Information Bureau

Government of India

Ministry of Commerce & Industry

09-December-2011 16:09 IST

India’s export for the month of November 2011 is 22.3 billion US $. Imports for the same period are 35.9 billion US $. Balance of trade for the month of November is( -) 13.6 billion US $. April- November 2011 cumulative exports are 192.7 billion US $, registering the growth of 33.2%. Cumulative imports for the same period is 309.5 billion US $, registering the growth of 30.2%. Balance of trade for the April- November 2011 is (-) 116.8 billion US $.

During April-November 2011, the following sectors have done well viz., petroleum & oil products exports 39.5 billion US $ registering the growth of 62.3%; .engineering, (US $ 40.7 billion) which registered the growth of 22.3% % over the last year. Cotton fabs made ups, 13.7% (US $ 4.4 billion); electronics, 17% (US $ 5.83 billion); readymade garments 28% (US $ 8.4 billion). Basic Chemicals registered the growth of 34% (US $ 6.7 billion), Drugs 21% (US $ 7.9 billion). Gems & Jewellery 56.5% (US $ 30.1 billion).

As regards to imports during April-November 2011, the growth estimates on the following sectors are: POL, 42.7%% (US $ 94.1 billion); Gold and silver 56% (US $ 41.4 billion); machinery, 27% (US $ 22.8 billion), electronics, 21% (US $ 22.3 billion). Vegetable oil, 55% (US $ 6.7 billion); Iron & steel 8% (US $ 7.7 billion); Fertilizer 17% 6.6 billion); Coal 61% at (US $ 11.3 billion); Organic & inorganic chemicals 23% at (US $ 12.5 billion); Ores and scraps US $ 8.7 billion registering the growth of 41%.

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DS/gk

Trade balance shows widening deficit as exports grow but imports rise faster, driven by petroleum and gold. India's merchandise trade for April-November 2011 recorded substantial expansion with cumulative exports at US$192.7 billion and cumulative imports at US$309.5 billion, resulting in a pronounced trade deficit. The release highlights robust export growth across petroleum and oil products, engineering goods, gems and jewellery, garments, electronics, basic chemicals and pharmaceuticals, alongside significant import increases chiefly in petroleum and oil, gold and silver, machinery, electronics, vegetable oils, coal and chemicals.