Press Information Bureau

Government of India

Ministry of Commerce & Industry

12-November-2012 11:54 IST

EXPORTS (including re-exports)

India’s exports during October, 2012 were valued at US $ 23246.91 million (Rs. 123264.20 crore) which was 1.63 per cent lower in Dollar terms (5.89 per cent higher in Rupee terms) than the level of US $ 23632.02 million (Rs. 116406.37 crore) during October, 2011. Cumulative value of exports for the period April-October 2012 -13 was US $ 166922.57  million (Rs 908340.19 crore) as against US $ 177915.69 million (Rs 814708.35 crore) registering a  negative growth of 6.18 per cent in Dollar terms and growth of 11.49 per cent in Rupee terms over the same period last year.

IMPORTS

India’simports during October, 2012 were valued at US $ 44208.35 million (Rs.234409.93 crore) representing a growth of 7.37 per cent in Dollar terms and 15.58 per cent in Rupee terms  over the level of imports valued at US $ 41175.06 million ( Rs. 202819.70 crore) in October, 2011. Cumulative value of imports for the period April-October, 2012-13 was US 277135.48 million (Rs. 1507202.58 crore) as against US $ 284721.27 million (Rs. 1304631.60 crore) registering a negative growth of 2.66 per cent in Dollar terms and growth of 15.53 per cent in Rupee terms over the same period last year.

CRUDE OIL AND NON-OIL IMPORTS:      

Oil imports during October, 2012 were valued at US $ 14785.3 million which was 31.61  per cent higher than oil imports valued at US $  11234.3 million in the corresponding period last year.  Oil imports during April-October, 2012-13 were valued at US$ 95569.0 million which was 9.99 per cent higher than the oil imports of US $ 86887.7 million in the corresponding period last year.

Non-oil imports during October, 2012 were estimated at US $ 29423.1 million which was 1.73 per cent lower than non-oil imports of US $ 29940.8 million in October, 2011.  Non-oil imports during April - October, 2012-13 were valued at US$ 181566.5 million which was 8.22 per cent lower than the level of such imports valued at US$ 197833.6 million in April - October, 2011-12.

TRADE BALANCE

The trade deficit for April - October, 2012-13 was estimated at US $ 110212.91 million which was higher than the deficit of US $ 106805.58 million during April -October, 2011-12. 

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DS

Trade balance deterioration as exports decline in dollar terms while imports rise, widening the trade deficit. India's October 2012 trade data show exports down in US dollar terms but up in rupee terms; cumulative April-October exports fell in dollar terms while rupee values rose. Imports in October rose in both currencies; cumulative imports fell modestly in dollar terms but increased in rupee terms. Crude oil imports rose for October and April-October, non oil imports declined, and the April-October trade deficit widened year on year. The release provides provisional monthly and cumulative figures and percentage growth comparisons in dollars and rupees.