Merchandise exports from the country declined 27.7 per cent (in dollar terms) to $12.82 billion (Rs61,217 crore) during June 2009 against $17.73 billion (Rs75,930 crore) in June 2008. In rupee terms, the country's exports were 19.4 per cent lower in June 2009 compared to the exports in June 2008.
Imports during June 2009 were valued at $18.98 billion (Rs90,657 crore), down 29.3 per cent in dollar terms and 21.2 per cent in rupee terms over the imports of $26.86 billion (Rs114,995 crore) in June 2008.
Cumulative value of exports from the country during the first quarter of fiscal 2009-10 (April-June 2009-10) was $35.43 billion (Rs172,762 crore) against $51.55 billion (Rs214,808 crore), registering a negative growth of 31.3 per cent in dollar terms and a 19.6 per cent fall in rupee terms over the same quarter last year, official data released today showed.
Cumulative value of imports for the period April-June 2009 stood at $50.94 billion (Rs248,171 crore) as against $80.19 billion (Rs334,191 crore), registering a negative growth of 36.5 per cent in dollar terms and 25.7 per cent in rupee terms over the same period last year.
Oil imports during June 2009 were valued at $5 billion, which was 50.6 per cent lower than oil imports valued at $10.1 billion in the corresponding period of the previous year. Oil imports during April-June 2009 stood at $12.77 billion, which was 56.8 per cent lower than the oil imports worth $29.54 billion in the corresponding period of the previous year.
Non-oil imports during June 2009 were estimated at $13.98 billion, which was 16.5 per cent lower than non-oil imports worth $16.74 billion in June2008. Non-oil imports during April-June 2009 were valued at $38.17 billion, which was 24.6 per cent lower than the level of non-oil of $50.65 billion in April-June 2008.
The trade deficit for April-June 2009, however, declined to an estimated $15.5 billion against the deficit of $28.64 billion during April-June 2008.