The country's export growth slackened in January 2007
to 14.08 per cent with total exports of $9.64 billion,
while imports rose 35.74 per cent to $15.43 billion over
the corresponding month a year ago.
in January 2006 stood at $8.45 billion, while imports
higher at $11.36 billion, as per provisional estimates
of the last financial year.
in January this year increased by 23.24 per cent compared
to the provisionally revised import figure of $12.52 billion
in January 2006.
trade deficit expanded to $5.78 billion in January 2007
from $3.38 billion a year earlier as export growth remained
sluggish and oil demand rose in Asia's fourth-largest
economy, according to the provisional data released by
the commerce ministry.
deficit stood at $5.68 billion in December 2006, $6.20
billion in November, and $6.21 billion in October.
for the first 10 months jumped to $505.89 billion over
$338.25 billion during the comparable period of last fiscal,
deficit so far this fiscal has increased to $50.58 billion
as against $33.82 billion during April-January 2005-06,
to the provisionally revised figures of 2005-06, export
growth is much lower at 5.5 per cent in January 2007 compared
to $9.14 billion in the same month a year ago.
of the rise in imports has been due to higher oil import
prices in January and a higher demand for fuel.
imports more than 70 per cent of the oil it needs and
a robust growth in industry has raised demand for fuel.
Oil imports in April-January accounted for $4.8 billion.
imports, on the other hand, rose 23.31 per cent and were
valued at $10.11 billion in the first 10 months compared
with $82.01 billion in the corresponding period of last
April-January, exports grew by 20 per cent to $99.14 billion,
while imports were up 27 per cent at $149.73 billion.
is aiming for export growth of 22.3 per cent to $126 billion
for the full year.