EXPORTS UP BY 35.25% DURING FEBRUARY 2008 "

India's exports during February, 2008 were valued at US $ 14237.43 million which was 35.25 per cent higher than the level of US $ 10526.67 million during February, 2007. In rupee terms, exports touched Rs.56569 crore, which was 21.7 per cent higher than the value of exports during February, 2007. Cumulative value of exports for the period April- February, 2008 was US$ 138427.83 million (Rs.556686.15 crore) as against US$ 112636.95 million (Rs.511016.19 crore) registering a growth of 22.9 per cent in Dollar terms and 8.94 per cent in Rupee terms over the same period last year.

India's imports during February, 2008 were valued at US $ 18466.45 million representing an increase of 30.53 per cent over the level of imports valued at US $ 14146.83 million in February, 2007. In Rupee terms, imports increased by 17.45 per cent. Cumulative value of imports for the period April- February, 2008 was US$ 210895 million (Rs.848332.68 crore) as against US$ 161959.52 million (Rs.734984.33 crore) registering a growth of 30.21 per cent in Dollar terms and 15.42 per cent in Rupee terms over the same period last year.         

Oil imports during February, 2008 were valued at US $ 6272.18 million which was 39.52 per cent higher than oil imports valued at US $ 4495.64 million in the corresponding period last year.  Oil imports during April- February, 2008 were valued at US$ 66013.49 million which was 26.81 per cent higher than the oil imports of US$ 52056.95 million in the corresponding period last year.

Non-oil imports during February, 2008 were estimated at US $ 12194.27 million which was 26.35 per cent higher than non-oil imports of US$ 9651.19 million in February, 2007. Non-oil imports during April- February, 2008 were valued at US$ 144881.50 million which was 31.83 per cent higher than the level of such imports valued at US$ 109902.57 million in April- February, 2007.

The trade deficit for April- February, 2008 was estimated at US $ 72467.16 million which was higher than the deficit at US $ 49322.58 million during April- February, 2007.

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

EXPORTS & IMPORTS  : (US $ Million)
(PROVISIONAL)
	FEBRUARY	APRIL-FEBRUARY
EXPORTS(including re-exports)
2006-2007	10526.67	112636.95
2007-2008	14237.43	138427.83
%Growth 2007-2008/ 2006-2007	35.25	22.90
IMPORTS
2006-2007	14146.83	161959.52
2007-2008	18466.45	210895.00
%Growth 2007-2008/ 2006-2007	30.53	30.21
TRADE BALANCE
2006-2007	-3620.16	-49322.58
2007-2008	-4229.02	-72467.16
EXPORTS & IMPORTS  : (Rs. Crore)
(PROVISIONAL)
	FEBRUARY	APRIL-FEBRUARY
EXPORTS(including re-exports)
2006-2007	46484.00	511016.19
2007-2008	56569.00	556686.15
%Growth 2007-2008/ 2006-2007	21.70	8.94
IMPORTS
2006-2007	62470.00	734984.33
2007-2008	73372.00	848332.68
%Growth 2007-2008/ 2006-2007	17.45	15.42
TRADE BALANCE
2006-2007	-15986.00	-223968.14
2007-2008	-16803.00	-291646.53
Figures for 2006-07 are the latest revised whereas figures for 2007-08 are provisional

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trade growth: exports surged while imports expanded, producing a wider cumulative trade deficit. India's merchandise exports in February 2008 rose 35.25% year on year in dollar terms and cumulative April-February exports grew 22.9% in dollar terms; imports increased about 30.5% in February with cumulative import growth over 30% in dollar terms, resulting in a wider cumulative trade deficit for April-February 2008. Oil and non oil imports both showed strong year on year increases. The release provides values in dollars and rupees and states 2007-08 figures are provisional.