India's exports during August, 2008 were valued at US $ 16005 million which was 26.9 per cent higher than the level of US $ 12614 million during August, 2007. In rupee terms, exports touched Rs.68721 crore, which was 33.5 per cent higher than the value of exports during August, 2007. Cumulative value of exports for the period April- August, 2008 was US$ 81225 million (Rs.342477 crore) as against US$ 60101 million (Rs.246180 crore) registering a growth of 35.1 per cent in Dollar terms and 39.1 per cent in Rupee terms over the same period last year.

            India's imports during August, 2008 were valued at US $ 29946 million representing an increase of 51.2 per cent over the level of imports valued at US $ 19805 million in August, 2007. In Rupee terms, imports increased by 59 per cent. Cumulative value of imports for the period April- August, 2008 was US$ 130364 million (Rs.550123 crore) as against US$ 94664 million (Rs.387791 crore) registering a growth of 37.7 per cent in Dollar terms and 41.9 per cent in Rupee terms over the same period last year. 

            Oil imports during August, 2008 were valued at US $ 10962 million which was 76.7 per cent higher than oil imports valued at US $ 6202 million in the corresponding period last year.  Oil imports during April- August, 2008 were valued at US$ 45967 million which was 59.6 per cent higher than the oil imports of US$ 28798 million in the corresponding period last year.

           Non-oil imports during August, 2008 were estimated at US $ 18985 million which was 39.6 per cent higher than non-oil imports of US$ 13603 million in August, 2007. Non-oil imports during April- August, 2008 were valued at US$ 84397 million which was 28.2 per cent higher than the level of such imports valued at US$ 65846 million in April- August, 2007.  

            The trade deficit for April- August, 2008 was estimated at US $ 49139 million which was higher than the deficit at US $ 34543 million during April- August, 2007.

EXPORTS & IMPORTS  : (US $ Million)
(PROVISIONAL)
	AUGUST	APRIL-AUGUST
EXPORTS(including re-exports)
2007-2008	12614	60101
2008-2009	16005	81225
%Growth 2008-09/2007-2008	26.9	35.1
IMPORTS
2007-2008	19805	94644
2008-2009	29946	130364
%Growth 2008-09/2007-2008	51.2	37.7
TRADE BALANCE
2007-2008	-7191	-34543
2008-2009	-13941	-49139
EXPORTS & IMPORTS  : (Rs. Crore)
(PROVISIONAL)
	AUGUST	APRIL-AUGUST
EXPORTS(including re-exports)
2007-2008	51491	246180
2008-2009	68721	342477
%Growth 2008-09/2007-2008	33.5	39.1
IMPORTS
2007-2008	80845	387791
2008-2009	128582	550123
%Growth 2008-09/2007-2008	59.0	41.9
TRADE BALANCE
2007-2008	-29354	-141611
2008-2009	-59861	-207646
Figures for 2007-08 are the latest revised whereas figures for 2008-09 are provisional

 

RJ/MRS

 

Trade deficit widens as imports surge faster than exports, driven by sharply higher oil imports. India's exports and imports for August 2008 rose substantially year on year, with imports growing faster than exports and causing a larger April-August trade deficit; oil imports were a principal driver of the import surge, non oil imports also increased, and rupee term growth outpaced dollar term growth. Reported figures for 2008-09 are provisional while 2007-08 figures are revised.