Exports during July, 2008 were valued at US $ 16345 million which was 31.2 per cent higher than the level of US $ 12454 million during July, 2007. In rupee terms, exports touched Rs. 70018 crore, which was 39.1 per cent higher than the value of exports during July, 2007. Cumulative value of exports for the period April- July, 2008 was US$ 59191 million (Rs. 248498 crore) as against US$ 47487 million (Rs. 194689 crore) registering a growth of 24.6 per cent in Dollar terms and 27.6 per cent in Rupee terms over the same period last year.

Imports during July, 2008 were valued at US $ 27143 million representing an increase of 48.1 per cent over the level of imports valued at US $ 18333 million in July, 2007. In Rupee terms, imports increased by 56.9 per cent. Cumulative value of imports for the period April- July, 2008 was US$ 100418 million (Rs. 421541 crore) as against US$ 74840 million (Rs. 306946 crore) registering a growth of 34.2 per cent in Dollar terms and 37.3 per cent in Rupee terms over the same period last year.

                        Oil imports during July, 2008 were valued at US $ 9480 million which was 69.3 per cent higher than oil imports valued at US $ 5600 million in the corresponding period last year.  Oil imports during April- July, 2008 were valued at US$ 35006 million which was 54.9 per cent higher than the oil imports of US$ 22596 million in the corresponding period last year.

           Non-oil imports during July, 2008 were estimated at US $ 17664 million which was 38.7 per cent higher than non-oil imports of US$ 12733 million in July, 2007. Non-oil imports during April- July, 2008 were valued at US$ 65412 million which was 25.2 per cent higher than the level of such imports valued at US$ 52243 million in April- July, 2007.

                        The trade deficit for April- July, 2008 was estimated at US $ 41227 million which was higher than the deficit at US $ 27352 million during April- July, 2007.

EXPORTS & IMPORTS  : (US $ Million)
(PROVISIONAL)
	JULY	APRIL-JULY
EXPORTS(including re-exports)
2007-2008	12454	47487
2008-2009	16345	59191
%Growth 2008-09/2007-2008	31.2	24.6
IMPORTS
2007-2008	18333	74840
2008-2009	27143	100418
%Growth 2008-09/2007-2008	48.1	34.2
TRADE BALANCE
2007-2008	-5879	-27352
2008-2009	-10798	-41227
EXPORTS & IMPORTS: (Rs. Crore)
(PROVISIONAL)
	JULY	APRIL-JULY
EXPORTS (including re-exports)
2007-2008	50331	194689
2008-2009	70018	248498
%Growth 2008-09/2007-2008	39.1	27.6
IMPORTS
2007-2008	74091	306946
2008-2009	116276	421541
%Growth 2008-09/2007-2008	56.9	37.3
TRADE BALANCE
2007-2008	-23760	-112257
2008-2009	-46258	-173043
Figures for 2007-08 are the latest revised whereas figures for 2008-09 are provisional

 

RJ/MRS

Export Growth rose year over year but stronger import growth widened the merchandise trade deficit. Exports rose in July 2008 and for April-July 2008 compared with the same periods in 2007, measured in both dollar and rupee terms, while imports grew at a faster rate. Oil and non oil import categories are reported separately, with oil imports exhibiting substantially higher growth. The faster growth in imports produced a larger trade deficit for April-July 2008 versus April-July 2007. The statistics are presented as provisional, with 2007-08 figures noted as the latest revised numbers.