EXPORTS UP BY 3.4% IN APRIL-MARCH 2008-09

EXPORTS UP BY 3.4% IN APRIL-MARCH 2008-09

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.