Press Information Bureau

Government of India

Ministry of Commerce & Industry

02-January-2012 12:13 IST

EXPORTS (including re-exports)

India’s exports during November, 2011 were valued at US$ 22321.64 million (Rs.113519.82 crore) which was 3.87 per cent higher in Dollar terms (17.34 per cent higher in Rupee terms) than the level of US$ 21489.49 million (Rs. 96742.01) during November, 2010. Cumulative value of exports for the period April-November 2011 -12 was US$ 192694.38  million (Rs 893094.16 crore) as against US$ 144659.95 million (Rs.661055.88 crore) registering a  growth of 33.21 per cent in Dollar terms and 35.10 per cent in Rupee terms over the same period last year.

IMPORTS

India’s imports during November, 2011 were valued at US$ 35922.43 million (Rs.182688.55 crore) representing a growth of 24.55 per cent in Dollar terms (40.70 per cent in Rupee terms)  over the level of imports valued at US$ 28842.33 million ( Rs. 129843.26 crore) in November, 2010. Cumulative value of imports for the period April-November, 2011-12 was US$ 309530.45 million (Rs.1435304.79 crore) as against US$ 237664.08 million (Rs. 1085780.54 crore) registering a growth of 30.24per cent in Dollar terms and 32.19 per cent in Rupee terms over the same period last year.

CRUDE OIL AND NON-OIL IMPORTS:    

Oil imports during November, 2011 were valued at US$ 10307.1 million which was 32.28  per cent higher than oil imports valued at US$  7792.1 million in the corresponding period last year.  Oil imports during April-November, 2011-12 were valued at US$ 94116.5 million which was 42.67 per cent higher than the oil imports of US$ 65967.8 million in the corresponding period last year.

Non-oil imports during November, 2011 were estimated at US$ 25615.3 million which was 21.69 per cent higher than non-oil imports of US$ 21050.2 million in November, 2010.  Non-oil imports during April - November, 2011-12 were valued at US$ 215413.9 million which was 25.46 per cent higher than the level of such imports valued at US$ 171696.3 million in April - November, 2010-11.

TRADE BALANCE

The trade deficit for April-November, 2011-12 was estimated at US$ 116836.07 million which was higher than the deficit of US$ 93004.13 million during April-November, 2010-11. 

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MA/GK

Trade balance widened as imports, led by rising crude oil purchases, outpaced export growth, enlarging the deficit. Exports in November 2011 showed modest growth while cumulative April-November 2011-12 exports rose significantly year-on-year. Imports grew markedly faster than exports both in November and cumulatively, driven in particular by a strong rise in crude oil imports; non-oil imports also increased but at a lower pace. These relative movements caused the trade deficit for April-November 2011-12 to widen compared with the same period in the previous year.