India’s trade deficit hits $182 billion in April-February 2012-13

India added $14.92 billion to its trade deficit in February 2013, taking cumulative trade deficit for the first 11 months of the current financial year (2012-13) to Rs182.09 billion.

India imported goods and services worth a total $448.04 billion (Rs24,36,564.45 crore) during the first 11 months of the current financial year (April-February 2012-13) against cumulative exports of  $265.95 billion (Rs14,46,626.70 crore) during the period, taking cumulative trade deficit so far during the fiscal to $182.09 billion.

February trade deficit at $14.92 billion, however, was lower compared to the $20 billion shortfall of the previous month (January 2013).

Imports during February 2013 stood at $41.18 billion (Rs221,448.99 crore), which were up 2.65 per cent in dollar terms and 12.27 per cent higher in rupee terms compared to imports valued at $40.12 billion (Rs1,97,251.21 crore) in February 2012.

Exports during February 2013 stood at $26.26 billion (Rs1,41,206.31 crore), which were up 4.23 per cent in dollar terms and 13.99 per cent higher in rupee terms against exports worth $25.19 billion (Rs1,23,873.66 crore) during February 2012.

Cumulative imports for April-February 2012-13 stood at $448.04 billion (Rs24,36,564.45 crore) against imports worth $446.94 billion (Rs21,32,198.17 crore) during April-February 2011-12, showing a growth of 0.25 per cent in dollar terms and a 14.27 per cent growth in rupee terms over the comparable period last year.