Press Information Bureau

Government of India

****

New Delhi :December 01, 2008

            India's cumulative value of exports for the period April- October, 2008 was US $ 107796 million (Rs.467505 crore) as against US $ 87144 million (Rs.354064 crore) registering a growth of 23.7 per cent in Dollar terms and 32 per cent in Rupee terms over the same period last year. Exports during October, 2008 were valued at US $ 12822 million which was 12.1 per cent lower than the level of US $ 14588 million during October, 2007. In rupee terms, exports touched Rs.62387 crore, which was 8.2 per cent higher than the value of exports during October, 2007.

            India's imports during October, 2008 were valued at US $ 23360 million representing an increase of 10.6 per cent over the level of imports valued at US $ 21126 million in October, 2007. In Rupee terms, imports increased by 36.2 per cent. Cumulative value of imports for the period April- October, 2008 was US $ 180789 million (Rs.786059 crore) as against US $ 132780 million (Rs.539879 crore) registering a growth of 36.2 per cent in Dollar terms and 45.6 per cent in Rupee terms over the same period last year.

            Oil imports during October, 2008 were valued at US $ 7960 million which was 22 per cent higher than oil imports valued at US $ 6525 million in the corresponding period last year.  Oil imports during April- October, 2008 were valued at US $ 65774 million which was 60 per cent higher than the oil imports of US $ 41115 million in the corresponding period last year.

           Non-oil imports during October, 2008 were estimated at US $ 15400 million which was 5.5 per cent higher than non-oil imports of US $ 14601 million in October, 2007. Non-oil imports during April- October, 2008 were valued at US$ 115015 million which was 25.5 per cent higher than the level of such imports valued at US$ 91665 million in April- October, 2007.

            The trade deficit for April- October, 2008 was estimated at US $ 72993 million which was higher than the deficit at US $ 45636 million during April- October, 2007.

EXPORTS & IMPORTS (US $ million)
PROVISIONAL	OCTOBER	APRIL-OCTOBER
EXPORTS (including re-exports)
2007-2008	14588	87144
2008-2009	12822	107796
%Growth 2008-09/2007-2008	-12.1	23.7
IMPORTS
2007-2008	21126	132780
2008-2009	23360	180789
%Growth 2008-09/2007-2008	10.6	36.2
TRADE BALANCE
2007-2008	-6538	-45636
2008-2009	-10538	-72993
EXPORTS & IMPORTS  : (Rs. Crore)
(PROVISIONAL)
	OCTOBER	APRIL-OCTOBER
EXPORTS(including re-exports)
2007-2008	57641	354064
2008-2009	62387	467505
%Growth 2008-09/2007-2008	8.2	32.0
IMPORTS
2007-2008	83472	539879
2008-2009	113659	786059
%Growth 2008-09/2007-2008	36.2	45.6
TRADE BALANCE
2007-2008	-25831	-185815
2008-2009	-51272	-318554
Figures for 2007-08 are the latest revised whereas figures for 2008-09 are provisional

 

 

Trade deficit widens as exports growth trails import surge, altering balance for April-October period significantly. Cumulative April-October 2008 exports rose 23.7% in dollar terms (32.0% in rupee terms) while imports rose 36.2% in dollar terms (45.6% in rupee terms), producing a substantially widened trade deficit; oil and non-oil imports both increased, with oil imports showing particularly large gains. October exports fell in dollar terms but increased in rupee terms. All 2008-09 figures are provisional.