India's Q1 trade deficit rises over 37 per cent to $32.27 billion

India's trade deficit rose 37.45 per cent to an estimated $32.267 billion in the April-June 2010 quarter from $23.475 billion in the April-June 2009 quarter. The country's trade deficit stood at around $10.554 billion in June 2010 against $9.407 billion in June 2009, official data showed.

Exports during June 2010 were valued at $17.745 billion (Rs82,632 crore), a 30.4 per cent rise in dollar terms and 27.1 per cent spike in rupee terms compared with the trade deficit of $13.606 billion (Rs64,996 crore) in June 2009.

Exports during the April-June 2010 quarter stood at $50.777 billion (Rs231,743 crore) against $38.396 billion (Rs187,218 crore) - an year-on-year rise of 32.2 per cent in dollar terms and 23.8 per cent in rupee terms.

Imports during June 2010 were valued at $28.299 billion (Rs131,781 crore) - a growth of 23.0 per cent in dollar terms and 19.9 per cent in rupee terms compared with $23.013 billion (Rs109,937 crore) in June 2009.

Imports during the April-June 2010 quarter stood at $83.044 billion (Rs378,992 crore) against $61.871 billion (Rs301,439 crore) - up 34.2 per cent in dollar terms and 25.7 per cent in rupee terms year-on-year.

India imported crude oil and other petroleum products of a total value of $8.354 billion during June 2010, recording a rise of 26.5 per cent from the oil imports valued at $6.601 billion in the corresponding period of the previous financial year.