India's exports during May, 2008 were valued at US $ 13782 million which was 12.9 per cent higher than the level of US $ 12210 million during May, 2007. In rupee terms, exports touched Rs. 58057 crore, which was 16.6 per cent higher than the value of exports during May, 2007. Cumulative value of exports for the period April- May, 2008 was US$ 28182 million (Rs. 115690 crore) as against US$ 23163 million (Rs. 95958 crore) registering a growth of 21.7 per cent in Dollar terms and 20.6 per cent in Rupee terms over the same period last year.

Imports during May, 2008 were valued at US $24548 million representing an increase of 27.1 per cent over the level of imports valued at US $ 19313 million in May, 2007. In Rupee terms, imports increased by 31.3 per cent. Cumulative value of imports for the period April- May, 2008 was US$ 48822 million (Rs. 200560 crore) as against US$ 37082 million (Rs. 153655 crore) registering a growth of 31.7 per cent in Dollar terms and 30.5 per cent in Rupee terms over the same period last year.

Oil imports during May, 2008 were valued at US $ 8465 million which was 50.8 per cent higher than oil imports valued at US $ 5613 million in the corresponding period last year.  Oil imports during April- May, 2008 were valued at US$ 16494 million which was 48.5 per cent higher than the oil imports of US$ 11106 million in the corresponding period last year.  

Non-oil imports during May, 2008 were estimated at US $ 16083 million which was 17.4 per cent higher than non-oil imports of US$ 13700 million in May, 2007. Non-oil imports during April- May, 2008 were valued at US$ 32329 million which was 24.5 per cent higher than the level of such imports valued at US$ 25976 million in April- May, 2007.                                   

            The trade deficit for April- May, 2008 was estimated at US $ 20640 million which was higher than the deficit at US $ 13919 million during April- May, 2007.

 

EXPORTS & IMPORTS  : (US $ Million)
(PROVISIONAL)
	MAY	APRIL-MAY
EXPORTS(including re-exports)
2007-2008	12210	23163
2008-2009	13782	28182
%Growth 2008-09/2007-2008	12.9	21.7
IMPORTS
2007-2008	19313	37082
2008-2009	24548	48822
%Growth 2008-09/2007-2008	27.1	31.7
TRADE BALANCE
2007-2008	-7103	-13919
2008-2009	-10766	-20640
EXPORTS & IMPORTS  : (Rs. Crore)
(PROVISIONAL)
	MAY	APRIL-MAY
EXPORTS(including re-exports)
2007-2008	49794	95958
2008-2009	58057	115690
%Growth 2008-09/2007-2008	16.6	20.6
IMPORTS
2007-2008	78760	153655
2008-2009	103409	200560
%Growth 2008-09/2007-2008	31.3	30.5
TRADE BALANCE
2007-2008	-28966	-57697
2008-2009	-45352	-84870
Figures for 2007-08 are the latest revised whereas figures for 2008-09 are provisional

 

RJ/MRS

 

Trade deficit widened as imports outpaced exports, reflecting higher oil and non oil import growth during the period. Merchandise exports rose in May 2008 and cumulatively for April-May 2008, while imports increased at a faster rate over the same periods, with oil and non oil imports both contributing to higher import values; as a result, the merchandise trade deficit widened for April-May 2008. Export and import growth rates are reported in both dollar and rupee terms, and 2008-09 figures are provisional with 2007-08 figures revised.