India's cumulative value of exports for the period April- February, 2008-09 was US $ 156597 million (Rs.705231 crore) as against US $ 145878 million (Rs.586233) registering a growth of 7.3 per cent in Dollar terms and 20.3 per cent in Rupee terms over the same period last year. Exports during February, 2008-09 were valued at US $ 11913 million which was 21.7 per cent lower than the level of US $ 15221 million during February, 2008. In rupee terms, exports touched Rs.58685 crore, which was 3.0 per cent lower than the value of exports during February, 2007-08.

India's imports during February, 2008-09 were valued at US $ 16823 million representing a decrease of 23.3 per cent over the level of imports valued at US $ 21934 million in February, 2007-08. In Rupee terms, imports decreased by 4.9 per cent. Cumulative value of imports for the period April- February, 2008-09 was US $ 271687 million (Rs.1223213 crore) as against US $ 228081 million (Rs.917179 crore) registering a growth of 19.1 per cent in Dollar terms and 33.4 per cent in Rupee terms over the same period last year.

Oil imports during February, 2008-09 were valued at US $ 4047 million which was 47.5 per cent lower than oil imports valued at US $ 7713 million in the corresponding period last year.  Oil imports during April- February, 2008-09 were valued at US $ 89684 million which was 26.8 per cent higher than the oil imports of US $ 70704 million in the corresponding period last year.  

Non-oil imports during February, 2008-09 were estimated at US $ 12776 million which was 10.2 per cent lower than non-oil imports of US $ 14222 million in February, 2007-08. Non-oil imports during April- February, 2009 were valued at US $ 182003 million which was 15.6 per cent higher than the level of such imports valued at US $ 157376 million in April- February, 2007-08.

The trade deficit for April- February, 2008-09 was estimated at US $ 115090 million which was higher than the deficit at US $ 82203 million during April- February, 2007-08.