India's exports during May, 2009 were valued at US $ 11010 million (Rs. 53435 crore) which was 29.2 per cent lower in dollar terms (18.4 per cent in Rupee terms) than the level of US$ 15550 million (Rs.65506 crore) during May,2008. Cumulative value of exports for the period April- May, 2009 was US$ 21753 million (Rs. 107214 crore) as against US $ 31626 million (Rs. 129846 crore) registering a negative growth of 31.2 per cent in Dollar terms and 17.4 per cent in Rupee terms over the same period last year.

India's imports during May, 2009 were valued at US $ 16212 million (Rs.78682 crore) representing a decrease of 39.2 per cent in dollar terms (30.0 per cent in Rupee terms)  over the level of imports valued at US $ 26684 million ( Rs. 112405 crore) in May,2008. Cumulative value of imports for the period April- May 2009 was US$ 31959 million (Rs. 157514 crore) as against US$ 51507 million (Rs. 211752 crore) registering a negative growth of 38.0 per cent in Dollar terms and 25.6 per cent in Rupee terms over the same period last year.     

Oil imports during May, 2009 were valued at US $ 4135 million which was 60.6 per cent lower than oil imports valued at US $ 10495 million in the corresponding period last year.   Oil imports during April- May, 2009 were valued at US$ 7768 million which was 59.6 per cent lower than the oil imports of US $ 19244 million in the corresponding period last year.  

Non-oil imports during May, 2009 were estimated at US $ 12078 million which was 25.4 per cent lower than non-oil imports of US $ 16189 million in May, 2008. Non-oil imports during April- May, 2009 were valued at US$ 24191 million which was 25.0 per cent lower than the level of such imports valued at US$ 32262 million in April- May, 2008.                          

The trade deficit for April- May, 2009 was estimated at US $ 10206 million which was lower than the deficit of US $ 19880 million during April-May, 2008.

EXPORTS & IMPORTS  : (US $ Million)
(PROVISIONAL)
	MAY	APRIL-MAY
EXPORTS(including re-exports)
2008-2009	15550	31626
2009-2010	11010	21753
%Growth 2009-2010/ 2008-2009	-29.2	-31.2
IMPORTS
2008-2009	26684	51507
2009-2010	16212	31959
%Growth 2009-2010/ 2008-2009	-39.2	-38.0
TRADE BALANCE
2008-2009	-11133	-19880
2009-2010	-5202	-10206
EXPORTS & IMPORTS  : (Rs. Crore)
(PROVISIONAL)
	MAY	APRIL-MAY
EXPORTS(including re-exports)
2008-2009	65506	129846
2009-2010	53435	107214
%Growth 2009-2010/ 2008-2009	-18.4	-17.4
IMPORTS
2008-2009	112405	211752
2009-2010	78682	157514
%Growth 2009-2010/ 2008-2009	-30.0	-25.6
TRADE BALANCE
2008-2009	-46899	-81906
2009-2010	-25247	-50300
Figures for 2008-09 are the latest revised whereas figures for 2009-10 are provisional

 

Trade contraction reflects reduced exports and imports in May, shrinking the trade deficit and altering oil versus non oil import patterns. Significant contraction in India's merchandise trade for May 2009 and the April-May 2009 cumulative period: exports and imports both recorded marked declines in dollar and rupee terms compared with the corresponding periods of the prior year, producing a narrower trade deficit for April-May 2009 relative to April-May 2008. Oil imports fell sharply while non oil imports also declined; 2008-09 figures are revised and 2009-10 figures are provisional.