INDIA'S FOREIGN TRADE DATA: APRIL, 2008

India's exports during April, 2008 were valued at US $ 14400 million (Rs.57633 crore) which was 31.5 per cent higher in dollar terms (24.8 per cent in Rupee terms) than the level of US $ 10953 million (Rs.46164 crore) during April, 2007.

India's imports during April, 2008 were valued at US $ 24274 million (Rs.97151 crore)  representing an increase of 36.6 per cent in dollar terms (29.7 per cent in Rupee terms) over the level of imports valued at US $ 17769 million (Rs.74895 crore)  in April, 2007.

Oil imports during April, 2008 were valued at US $ 8029 million which was 46.2 per cent higher than oil imports valued at US $ 5493 million in the corresponding period last year.         

Non-oil imports during April, 2008 were estimated at US $ 16245 million which was 32.3 per cent higher than non-oil imports of US $ 12276 million in April, 2007.

The trade deficit for April, 2008 was estimated at US $ 9874 million which was higher than the deficit at US $ 6817million during April, 2007.

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

Trade deficit increase as imports outpace exports, driven by steep oil and non oil import growth. India's provisional April 2008 trade data show exports at US$14,400 million (up 31.5%) and imports at US$24,274 million (up 36.6%), producing a trade deficit of US$9,874 million; oil imports rose 46.2% and non oil imports rose 32.3%, reflecting faster import growth than export growth.