Exports rise by over 35 per cent news
04 December 2007

India''s exports during October, 2007 were valued at $13,302.71 million which was 35.65 per cent higher than the level of $9806.69 million during October, 2006. In rupee terms, exports touched Rs52,560.85 crore, which was 17.88 per cent higher than the value of exports during October, 2006.

The cumulative value of exports for the period April-October, 2007 was $85,583.30 million (Rs347,793.90 crore) as against $70,792.52 million (Rs324,863.93 crore) registering a growth of 20.89 per cent in dollar terms and 7.06 per cent in rupee terms during the same period last year.

India''s imports during October, 2007 were valued at $20,785.29 million representing an increase of 24.27 per cent over the level of imports valued at $16,725.65 million in October, 2006. In rupee terms, imports increased by 7.99 per cent. The cumulative value of imports for the period April-October, 2007 was $129,989.72 million (Rs528,546.44 crore) as against $103,735.88 million (Rs475,862.57 crore) registering a growth of 25.31 per cent in dollar terms and 11.07 per cent in rupee terms during the same period last year.

Oil imports during October, 2007 were valued at $6,126.22 million which was 14.59 per cent higher than oil imports valued at $5,346.14 million in the corresponding period last year.  Oil imports during April-October, 2007 were valued at $37,525.44 million which was 9.25 per cent higher than the oil imports of $34349.77 million in the corresponding period last year.

Non-oil imports during October, 2007 were estimated at $14,659.07 million which was 28.82 per cent higher than growth of non oil imports of $11,379.52 million in October, 2006. Non-oil imports during April-October, 2007 were valued at $92,464.28 million which was 33.26 per cent higher than the level of such imports valued at $69386.11 million in April-October, 2006.                                   

Trade deficit
The trade deficit for April-October, 2007 was estimated at $ 44406.42 million which was higher than the deficit at $32,943.35 million during April-October, 2006.

EXPORTS & IMPORTS : ($ million)
(Figures for 2006-07 are the latest revised whereas figures for 2007-08 are provisional)    
  OCTOBER APRIL-OCTOBER
EXPORTS(including re-exports)    
2006-2007 9806.69 70792.52
2007-2008 13302.71 85583.30
per centGrowth 2007-2008/ 2006-2007 35.65 20.89
     
IMPORTS    
2006-2007 16725.65 103735.88
2007-2008 20785.29 129989.72
per cent Growth 2007-2008/ 2006-2007 24.27 25.31
     
TRADE BALANCE    
2006-2007 -6918.96 -32943.35
2007-2008 -7482.58 -44406.42
EXPORTS & IMPORTS : (Rs crore)    
(Figures for 2006-07 are the latest revised whereas figures for 2007-08 are provisional)    
  OCTOBER APRIL-OCTOBER
EXPORTS(including re-exports)    
2006-2007 44588.66 324863.93
2007-2008 52560.85 347793.90
per centGrowth 2007-2008/ 2006-2007 17.88 7.06
     
IMPORTS    
2006-2007 76047.53 475862.57
2007-2008 82125.58 528546.44
per centGrowth 2007-2008/ 2006-2007 7.99 11.07
     
TRADE BALANCE    
2006-2007 -31458.87 -150998.64
2007-2008 -29564.73 -180752.54
Source: Directorate General of Commercial Intelligence & Statistics (DGCI&S).
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Exports rise by over 35 per cent