India's exports up 34.4 per cent in April

India's exports rose 34.4 per cent year-on-year in April to $23.9 billion even as its imports grew at a slower rate of 14.3 per cent during the month, which narrowed its trade deficit to $8.9 billion from $11.03 billion in April 2010, official data released today showed.

India's exports during April 2011 were valued at $23.85 billion (Rs105,819.43 crore), up 34.42 cent in dollar terms and 34.03 per cent higher in rupee terms compared to the level of $17.74 billion (Rs78,951.58 crore) in April 2010.

Imports into the country during April 2011 were valued at $32.83 billion (Rs1,45,686.06 crore), which was up 14.13 per cent in dollar terms and 13.79 per cent higher in rupee terms compared to the level of imports valued at $28,77 billion (Rs128,025.31 crore) in April 2010.

Imports of crude oil, the country's single-largest item of import, stood at $10.19 billion, up 7.7 per cent year-on-year compared to crude imports worth $9.45 billion in April 2010.
 
Non-oil imports during April 2011 were estimated at $22.65 billion, which was 17.3 per cent higher than non-oil imports of $19.32 billion in April 2010.
 
The country's trade deficit for April 2011 is estimated at $8.99 billion, which was lower than the deficit of $11.03 billion during April 2010.