India's exports rose 18.2 per cent in November
01 Jan 2010
India's exports rose 18.2 per cent in November to $13.2 billion, the first rise in the past 14 months, data released by the government on Friday showed. The country's trade deficit also decreased to $9.69 billion in November 2009 from $12.33 billion in November 2008 with a decline in imports.
Imports into the country fell 2.6 per cent to $22.88 billion in November from $23.48 billion in the corresponding month in 2008.
Exports during November 2009 were valued at $13.20 billion (Rs61,462 crore), up 18.2 per cent in dollar terms and up 12.4 per cent in rupee terms compared with the level of $11.16 billion (Rs54,699 crore) during November 2008.
Cumulative value of exports for the April-November 2009 period showed a negative growth of 22.3 per cent in dollar terms and 14.7 per cent in rupee terms at $104.25 billion (Rs501,297 crore) against $134.20 billion (Rs587,904 crore) during the same period last year.
Imports during November 2009 were valued at $22.89 billion (Rs106,584 crore), showing a decrease of 2.6 per cent in dollar terms and a 7.4 per cent in rupee terms over the level of imports valued at $23.49 billion (Rs115,091 crore) in November 2008.
Cumulative value of imports for the period April-November 2009 was $170.43 billion (Rs819,11 crore) as against $234.353 billion (Rs10,31,574 crore), registering a negative growth of 27.3 per cent in dollar terms and 20.6 per cent in rupee terms over the same period last year.
Oil imports, a major item in the country's import list, during November 2009 were valued at $6.389 billion, which was 7.3 per cent higher than oil imports valued at $5.954 billion in the corresponding period last year. Oil imports during April-November 2009 were valued at $50.19 billion, which was 34.4 per cent lower than the oil imports of $76.52 billion in the corresponding period last year.
Non-oil imports during November 2009 were estimated at $16.50 billion, which was 5.9 per cent lower than non-oil imports of $17.53 billion in November 2008. Non-oil imports during April-November 2009 were valued at $120.24 billion, which was 23.8 per cent lower than the level of such imports valued at $157.83 billion in April-November 2008.
Trade deficit for April-November 2009 was estimated at $66.18 billion against the deficit of $100.15 billion during April-November 2008.