Press Information Bureau
Government of India
Ministry of Commerce & Industry

01-May-2012 11:27 IST

India’s Foreign Trade: March, 2012

 

EXPORTS (including re-exports)

            India’s Exports during March, 2012 were valued at US$ 28681.95 million (Rs.144331.29 crore) which was 5.71 per cent lower in Dollar terms (5.46 per cent higher in Rupee terms) than the level of US$ 30418.50 million (Rs. 136857.10) during March, 2011. Cumulative value of exports for the period April-March 2011 -12 was US$ 303718.70  million (Rs. 1454065.61crore) as against US$ 251136.19 million (Rs.1142921.92 crore) registering a  growth of 20.94 per cent in Dollar terms and 27.22 per cent in Rupee terms over the same period last year.        

IMPORTS

            India’s Imports during March, 2012 were valued at US$ 42587.99 million (Rs.214308.30 crore) representing a growth of 24.28 per cent in Dollar terms (39.01 per cent in Rupee terms)  over the level of imports valued at US$ 34266.97 million ( Rs. 154171.89 crore) in March, 2011. Cumulative value of imports for the period April-March, 2011-12 was US$ 488640.39 million (Rs.2342216.79 crore) as against US$ 369769.12 million (Rs. 1683466.96 crore) registering a growth of 32.15 per cent in Dollar terms and 39.13 per cent in Rupee terms over the same period last year.

CRUDE OIL AND NON-OIL IMPORTS:                   

            Oil imports during March, 2012 were valued at US$ 15831.1 million which was 32.45  per cent higher than oil imports valued at US$  11952.9 million in the corresponding period last year.  Oil imports during April-March, 2011-12 were valued at US$ 155639.2 million which was 46.88 per cent higher than the oil imports of US$ 105964.4 million in the corresponding period last year.

           Non-oil imports during March, 2012 were estimated at US$ 26756.9 million which was 19.91 per cent higher than non-oil imports of US$ 22314.1 million in March, 2011.  Non-oil imports during April - March, 2011-12 were valued at US$ 333001.2 million which was 26.23 per cent higher than the level of such imports valued at US$ 263804.7

 million in April - March, 2010-11.                                                

TRADE BALANCE

The trade deficit for April-March, 2011-12 was estimated at US$ 184921.69 million which was higher than the deficit of US$ 118632.93 million during April-March, 2010-11.

EXPORTS & IMPORTS  : (US $ Million)     (PROVISIONAL)       MARCH APRIL-MARCH EXPORTS(including re-exports)     2010-11 30418.50 251136.19 2011-12 28681.95 303718.70 %Growth2011-12/ 2010-2011 -5.71 20.94 IMPORTS     2010-11 34266.97 369769.12 2011-12 42587.99 488640.39 %Growth2011-12/ 2010-2011 24.28 32.15 TRADE BALANCE     2010-11 -3848.47 -118632.93 2011-12 -13906.04 -184921.69       EXPORTS & IMPORTS  : (Rs. Crore)       (PROVISIONAL) MARCH APRIL-MARCH       EXPORTS(including re-exports)     2010-11 136857.10 1142921.92 2011-12 144331.29 1454065.61 %Growth2011-12/ 2010-2011 5.46 27.22 IMPORTS     2010-11 154171.89 1683466.96 2011-12 214308.30 2342216.79 %Growth2011-12/ 2010-2011 39.01 39.13 TRADE BALANCE     2010-11 -17314.79 -540545.04 2011-12 -69977.01 -888151.18

 

DS/GK

Trade deficit widened as import growth outpaced export growth, driven by rising oil and non oil imports. India's merchandise trade for March 2012 showed exports declining in dollar terms while imports increased markedly, producing a substantially wider trade deficit for April-March 2011-12. Import growth outpaced export growth both monthly and cumulatively, driven by pronounced increases in oil imports and notable rises in non oil imports, with provisional statistics presented in dollar and rupee terms and year on year percent growth comparisons.