Press Information Bureau

Government of India

Ministry of Commerce & Industry

01-October-2012 11:36 IST

India’s Foreign Trade: August, 2012

India’s exports during August, 2012 were valued at US $ 22330.44 million (Rs. 124067.50 crore) which was 9.74 per cent lower in Dollar terms (10.76 per cent higher in Rupee terms) than the level of US $ 24739.38 million (Rs. 112016.94 crore) during August, 2011. Cumulative value of exports for the period April-August 2012 -13 was US $ 119977.36  million (Rs 655670.24 crore) as against US $ 127587.62 million (Rs 571179.18 crore) registering a  negative growth of 5.96 per cent in Dollar terms and growth of 14.79 per cent in Rupee terms over the same period last year.

IMPORTS

India’s imports during August, 2012 were valued at US $ 37952.86 million (Rs.210865.35 crore) representing a negative growth of 5.08 per cent in Dollar terms (growth of 16.47 per cent in Rupee terms)  over the level of imports valued at US $ 39984.69 million ( Rs. 181045.87 crore) in August, 2011. Cumulative value of imports for the period April-August, 2012-13 was US $ 191148.45 million (Rs. 1044658.06 crore) as against US $ 203790.14 million (Rs. 912439.82 crore) registering a negative growth of 6.20 per cent in Dollar terms and growth of 14.49 per cent in Rupee terms over the same period last year.

CRUDE OIL AND NON-OIL IMPORTS

Oil imports during August, 2012 were valued at US $ 12876.1 million which was 2.96  per cent higher than oil imports valued at US $  12505.7 million in the corresponding period last year.  Oil imports during April-August, 2012-13 were valued at US$ 66690.2 million which was 2.80 per cent higher than the oil imports of US $ 64873.8 million in the corresponding period last year.

  Non-oil imports during August, 2012 were estimated at US $ 25076.8 million which was 8.74 per cent lower than non-oil imports of US $ 27479.0 million in August, 2011.  Non-oil imports during April - August, 2012-13 were valued at US$ 124458.3 million which was 10.41 per cent lower than the level of such imports valued at US$ 138916.3 million in April - August, 2011-12

 The trade deficit for April - August, 2012-13 was estimated at US $ 71171.09 million which was lower than the deficit of US $ 76202.52 million during April -August, 2011-12. 

 

Dept. of Commerce, Ministry of Commerce & Industry

New Delhi:  October 1, 2012

DS

Trade deficit narrows as exports fall and imports decline in dollar terms, rupee values rise. India's merchandise trade for August 2012 shows a contraction in exports and imports in US dollar terms alongside growth in rupee terms, with cumulative April-August 2012-13 exports and imports lower in dollar terms than the same period a year earlier, while rupee value trade rose. Oil imports were marginally higher year on year, non oil imports declined, and the April-August trade deficit narrowed compared with the previous year. Provisional tables set out monthly and cumulative dollar and rupee values with percentage growths and trade balance comparisons for 2011-12 and 2012-13.