Press Information Bureau
Government of India
Ministry of Commerce & Industry

01-February-2012 11:26 IST

India’s Foreign Trade: December, 2011

EXPORTS (including re-exports)

             India’s Exports during December, 2011 were valued at US$ 25015.89 million (Rs.131775.95 crore) which was 6.71 per cent higher in Dollar terms (24.48 per cent higher in Rupee terms) than the level of US$ 23442.07 million (Rs. 105856.90) during December, 2010. Cumulative value of exports for the period April-December 2011 -12 was US$ 217663.66  million (Rs 1024706.95 crore) as against US$ 172964.94 million (Rs.789068.93 crore) registering a  growth of 25.84 per cent in Dollar terms and 29.86 per cent in Rupee terms over the same period last year.        

IMPORTS

            India’s Imports during December, 2011 were valued at US$ 37753.36 million (Rs.198873.00 crore) representing a growth of 19.81 per cent in Dollar terms (39.76 per cent in Rupee terms)  over the level of imports valued at US$ 31511.08 million ( Rs. 142293.94 crore) in December, 2010. Cumulative value of imports for the period April-December, 2011-12 was US$ 350935.69 million (Rs.1651239.75 crore) as against US$ 269175.16 million (Rs. 1228074.48 crore) registering a growth of 30.37 per cent in Dollar terms and 34.46 per cent in Rupee terms over the same period last year.

CRUDE OIL AND NON-OIL IMPORTS:                   

            Oil imports during December, 2011 were valued at US$ 10279.3 million which was 11.20  per cent higher than oil imports valued at US$  9243.6 million in the corresponding period last year.  Oil imports during April-December, 2011-12 were valued at US$ 105588.7 million which was 40.39 per cent higher than the oil imports of US$ 75211.4 million in the corresponding period last year.

           Non-oil imports during December, 2011 were estimated at US$ 27474.1 million which was 23.38 per cent higher than non-oil imports of US$ 22267.5 million in December, 2010.  Non-oil imports during April - December, 2011-12 were valued at US$ 245347.0 million which was 26.49 per cent higher than the level of such imports valued at US$ 193963.8 million in April - December, 2010-11.

    TRADE BALANCE

The trade deficit for April-December, 2011-12 was estimated at US$ 133272.03 million which was higher than the deficit of US$ 96210.22 million during April-December, 2010-11.

EXPORTS & IMPORTS  : (US $ Million)
(PROVISIONAL)
	DECEMBER	APRIL-DECEMBER
EXPORTS(including re-exports)
2010-11	23442.07	172964.94
2011-12	25015.89	217663.66
%Growth2011-12/ 2010-2011	6.71	25.84
IMPORTS
2010-11	31511.08	269175.16
2011-12	37753.36	350935.69
%Growth2011-12/ 2010-2011	19.81	30.37
TRADE BALANCE
2010-11	-8069.01	-96210.22
2011-12	-12737.47	-133272.03
EXPORTS & IMPORTS  : (Rs. Crore)
(PROVISIONAL)	DECEMBER	APRIL-DECEMBER
EXPORTS(including re-exports)
2010-11	105856.90	789068.93
2011-12	131775.95	1024706.95
%Growth2011-12/ 2010-2011	24.48	29.86
IMPORTS
2010-11	142293.94	1228074.48
2011-12	198873.00	1651239.75
%Growth2011-12/ 2010-2011	39.76	34.46
TRADE BALANCE
2010-11	-36437.04	-439005.55
2011-12	-67097.05	-626532.80

 

 

 DS/GK

Trade deficit increases as imports outpace exports, widening external imbalance and signalling implications for trade policy. Exports rose in dollar and rupee terms for December 2011 and cumulatively for April-December 2011-12, while imports increased more sharply in both currencies. Oil and non oil imports each recorded significant year on year growth for the month and the April-December period. Provisional tables show that faster import growth produced a larger trade deficit for April-December 2011-12 compared with April-December 2010-11.