India's exports during July, 2009 were valued at US $ 13623 million (Rs 66041 crore) which was 28.4  per cent lower in dollar terms (minus 19.0  per cent in Rupee terms) than the level of US$ 19036 million  (Rs. 81548 crore) during July, 2008. Cumulative value of exports for the period April- July, 2009 was US $ 49651 million (Rs. 241735 crore) as against US $ 75289 million (Rs. 315978 crore) registering a negative growth of 34.1 per cent in Dollar terms and 23.5 per cent in Rupee terms over the same period last year.

India's imports during July, 2009 were valued at US $ 19621 million (Rs. 95118crore) representing a decrease of  37.1  per cent in dollar terms (minus 28.8  per cent in Rupee terms)  over the level of imports valued at US $ 31189  million ( Rs. 133609 crore) in July,2008. Cumulative value of imports for the period April- July 2009 was US$ 78564  million (Rs. 382422 crore) as against US$ 116382 million (Rs. 488668 crore) registering a negative growth of  32.5 per cent in Dollar terms and 21.7 per cent in Rupee terms over the same period last year.

Oil imports during July, 2009 were valued at US $ 5638 million which was 55.5  per cent lower than oil imports valued at US $ 12675 million in the corresponding period last year.   Oil imports during April- July, 2009 were valued at US$ 21964 million which was 48.0 per cent lower than the oil imports of US $ 42217 million in the corresponding period of last year.

Non-oil imports during July, 2009 were estimated at US $ 13983 million which was 24.5 per cent lower than non-oil imports of US $ 18514 million in July, 2008.  Non-oil imports during April- July, 2009 were valued at US$ 56600 million which was 23.7 per cent lower than the level of such imports valued at US$ 74165 million in April- July, 2008.

The trade deficit for April-July, 2009 was estimated at US $ 28913 million which was lower than the deficit of US $ 41093 million during April-July, 2008

EXPORTS & IMPORTS  : (US $ Million)

EXPORTS & IMPORTS  : (Rs. Crore)

Trade contraction: exports and imports fell, narrowing the trade deficit and reflecting steep declines in oil imports. India's merchandise trade contracted in July 2009 and cumulatively April-July 2009, with exports and imports falling sharply year on year in both US dollar and rupee terms; imports fell more steeply than exports, reducing the April-July 2009 trade deficit. Both oil and non oil imports declined materially in July and for April-July 2009. The release provides provisional US dollar and rupee values, percent growth comparisons, and notes 2008-09 figures are revised while 2009-10 figures are provisional.