India's exports during January, 2008 were valued at US $ 13140.71 million which was 20.47 per cent higher than the level of US $ 10907.72 million during January, 2007. In rupee terms, exports touched Rs.51739.82 crore, which was 7.00 per cent higher than the value of exports during January, 2007. Cumulative value of exports for the period April- January, 2008 was US $ 124190.41 million (Rs.500117.15 crore) as against US $ 102110.27 million (Rs.464532.19 crore) registering a growth of 21.62 per cent in Dollar terms and 7.66 per cent in Rupee terms over the same period last year.

India's imports during January, 2008 were valued at US $ 22504.41 million representing an increase of 63.57 per cent over the level of imports valued at US $ 13757.93 million in January, 2007. In Rupee terms, imports increased by 45.28 per cent. Cumulative value of imports for the period April- January, 2008 was US $ 191604.13 million (Rs.771628.90 crore) as against US $ 147812.69 million (Rs.672514.33 crore) registering a growth of 29.63 per cent in Dollar terms and 14.74 per cent in Rupee terms over the same period last year.

Oil imports during January, 2008 were valued at US $ 7711.78 million which was 60.81 per cent higher than oil imports valued at US $ 4795.46 million in the corresponding period last year. Oil imports during April- January, 2008 were valued at US $ 57023.33 million which was 16.49 per cent higher than the oil imports of US $ 48951.65 million in the corresponding period last year.

Non-oil imports during January, 2008 were estimated at US $ 14792.62 million which was 65.05 per cent higher than non-oil imports of US $ 8962.47 million in January, 2007. Non-oil imports during April- January, 2008 were valued at US $ 134580.80 million which was 36.13 per cent higher than the level of such imports valued at US $ 98861.04 million in April- January, 2007.

The trade deficit for April- January, 2008 was estimated at US $ 67413.73 million which was higher than the deficit at US $ 45702.42 million during April- January, 2007.

Tables showing India's exports, imports and trade balance, according to the Directorate General of Commercial Intelligence & Statistics (DGCI&S), is attached.

Trade balance deterioration as imports surge sharply while exports grow, widening the deficit across the period. Provisional trade data show exports increased in January and cumulatively for April-January in both dollar and rupee terms, while imports rose by a larger percentage, widening the April-January trade deficit. The release separately reports increases in oil imports and in non oil imports, with all values presented in US dollars and Indian rupees and a note that prior year figures are revised and current year figures are provisional.