India's August exports down 19.4 per cent at $14.29 billion

India's exports fell stood at $14.29 billion (Rs69,066 crore) in August 2009, down 19.4 per cent in dollar terms and 9.2 per cent in rupee terms on an year-on-year basis.

Exports from the country stood at $17.72 billion (Rs76,103 crore) during August 2008.

Cumulative value of exports for the period April-August 2009 stood at $64.13 billion (Rs311,715 crore) as against $92.96 billion (Rs391,841 crore), registering a negative growth of 31  per cent in dollar terms and 20.4 per cent in rupee terms over the same period last year.

India's imports during August 2009 were valued at $22.66 billion (Rs109,533 crore), down 32.4 per cent in dollar terms and 23.9 per cent in rupee terms compared to the level of imports valued at $33.51 billion (Rs143,890 crore) in August 2008.

Cumulative value of imports for the period April-August 2009 stood at $102.30 billion (Rs497,108 crore) as against $153.69 billion (Rs648,041 crore), registering a negative growth of 33.4 per cent in dollar terms and 23.3 per cent in rupee terms compared to the previous-year levels.

Import of crude oil during August 2009 were valued at $6.28 billion, down 45.5 per cent compared to oil imports valued at $11.52 billion in the corresponding period last year. Oil imports during April-August 2009 were valued at $28.28 million, 47.4 per cent lower than the oil imports of $53,742 million in the corresponding period last year.

Non-oil imports during August 2009 were estimated at $16.38 billion, 25.5 per cent lower than non-oil imports of  $21.99 million in August 2008. Non-oil imports during April- August 2009 were valued at $74.02 billion, 25.9 per cent lower than the level of such imports valued at $99.95 billion in April-August 2008.

The trade deficit for April- August 2009 was lower at $38.17 billion compared to the deficit of $60.73 billion in April-August 2008.