Foreign trade




EXPORTS UP BY 26.59% DURING MARCH 2008

FOREIGN TRADE DATA – APRIL-MARCH 2008

India’s exports during March, 2008 were valued at US $ 16282.79 million which was 26.59 per cent higher than the level of US $ 12862.40 million during March, 2007. In rupee terms, exports touched Rs.65710.71 crore, which was 16.04 per cent higher than the value of exports during March, 2007. Cumulative value of exports for the period April-March, 2008 was US$ 155512.49 million (Rs.625471.22 crore) as against US $ 126413.99 million (Rs.571779 crore) registering a growth of 23.02 per cent in Dollar terms and 9.39 per cent in Rupee terms over the same period last year.

India’s imports during March, 2008 were valued at US $ 23174.94 million representing an increase of 35.24 per cent over the level of imports valued at US $ 17136.46 million in March, 2007. In Rupee terms, imports increased by 23.96 per cent. Cumulative value of imports for the period April- March, 2008 was US $ 235910.73 million (Rs.949133.82 crore) as against US $ 185735.17 million (Rs.840506 crore) registering a growth of 27.01 per cent in Dollar terms and 12.92 per cent in Rupee terms over the same period last year.

Oil imports during March, 2008 were valued at US $ 8633.14 million which was 76.6 per cent higher than oil imports valued at US $ 4888.47 million in the corresponding period last year. Oil imports during April- March, 2008 were valued at US $ 77033.57 million which was 35.28 per cent higher than the oil imports of US $ 56945.25 million in the corresponding period last year.

Non-oil imports during March, 2008 were estimated at US $ 14541.79 million which was 18.73 per cent higher than non-oil imports of US $ 12247.99 million in March, 2007. Non-oil imports during April-March, 2008 were valued at US $ 158877.15 million which was 23.36 per cent higher than the level of such imports valued at US$ 128789.74 million in April- March, 2007.

The trade deficit for April- March, 2008 was estimated at US $ 80398.24 million which was higher than the deficit at US $ 59321.18 million during April- March, 2007.