INDIA'S FOREIGN TRADE: MARCH, 2009.

India's cumulative value of exports for the period April-March, 2008-09 was US $ 168704 million (Rs.766935 crore) as against US $ 163132 million (Rs.655863 crore) registering a growth of 3.4 per cent in Dollar terms and 16.9 per cent in Rupee terms over the same period last year. Exports during March, 2008-09 were valued at US $ 11516 million which was 33.3 per cent lower than the level of US $ 17254 million during March, 2008. In rupee terms, exports touched Rs. 58997 crore, which was 15.3 per cent lower than the value of exports during March, 2007-08.

India's imports during March, 2008-09 were valued at US $ 15561 million representing a decrease of 34.0 per cent over the level of imports valued at US $ 23574 million in March,  2007-08. In Rupee terms, imports decreased by 16.2 per cent. Cumulative value of imports for the period April- March, 2008-09 was US$ 287759 million (Rs.1305503 crore) as against US$ 251654 million (Rs.1012312 crore) registering a growth of 14.3 per cent in Dollar terms and 29.0 per cent in Rupee terms over the same period last year.          

Oil imports during March, 2008-09 were valued at US $ 3806 million which was 58.1 per cent lower than oil imports valued at US $ 9075 million in the corresponding period last year.  Oil imports during April-March, 2008-09 were valued at US$ 93176 million which was 16.9 per cent higher than the oil imports of US$ 79715 million in the corresponding period last year.

Non-oil imports during March, 2008-09 were estimated at US $ 11755 million which was 18.92 per cent lower than non-oil imports of US$ 14498 million in March, 2007-08. Non-oil imports during April- March, 2009 were valued at US$ 194584 million which was 13.2 per cent higher than the level of such imports valued at US$ 171940 million in April- March,  2007-08.

The trade deficit for April- March, 2008-09 was estimated at US $ 119055 million which was higher than the deficit at US $ 88522 million during April- March, 2007-08.

EXPORTS & IMPORTS  : (US $ Million)
(PROVISIONAL)
	MARCH	APRIL-MARCH
EXPORTS(including re-exports)
2007-2008	17254	163132
2008-2009	11516	168704
%Growth 2008-09/2007-2008	-33.3	3.4
IMPORTS
2007-2008	23574	251654
2008-2009	15561	287759
%Growth 2008-09/2007-2008	-34.0	14.3
TRADE BALANCE
2007-2008	-6320	-88522
2008-2009	-4045	-119055
EXPORTS & IMPORTS  : (Rs. Crore)
(PROVISIONAL)
	MARCH	APRIL-MARCH
EXPORTS(including re-exports)
2007-2008	69630	655863
2008-2009	58997	766935
%Growth 2008-09/2007-2008	-15.3	16.9
IMPORTS
2007-2008	95134	1012312
2008-2009	79717	1305503
%Growth 2008-09/2007-2008	-16.2	29.0
TRADE BALANCE
2007-2008	-25504	-356449
2008-2009	-20720	-538568
Figures for 2007-08 are the latest revised whereas figures for 2008-09 are provisional

 

Trade growth: cumulative exports rose while imports grew faster, widening the trade deficit for April-March. Cumulative merchandise exports for April-March 2008-09 rose by 3.4% in dollar terms while cumulative imports grew by 14.3%, producing an increased trade deficit; March month on month figures show substantial year on year declines for both exports and imports. Oil imports fell sharply in March but cumulative oil imports rose year on year; non oil imports fell in March whereas cumulative non oil imports increased. Provisional tables present values in US dollars and rupees, with 2008-09 provisional and 2007-08 revised.