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India Economy: 
India's Foreign Trade in April-January 2008
Author: 123jump.com Staff
123jump.com
Last Update: 3:35 AM EST March 03 2008


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Exports during January, 2008 were valued at US $ 13140.71 million which was 20.47 per cent higher than the level of US $ 10907.72 million during January, 2007.Imports during January, 2008 were valued at US $ 22504.41 million representing an increase of 63.57 per cent over the level of imports valued at US $ 13757.93 million in January, 2007.

 
The following is the unedited transcript of the press release from Government of India Ministry of Commerce and Industry Department of Commerce.

A. Exports (including re-exports)

Exports during January, 2008 were valued at US $ 13140.71 million which was 20.47 per cent higher than the level of US $ 10907.72 million during January, 2007. In rupee terms, exports touched Rs. 51739.82 crore, which was 7.00 per cent higher than the value of exports during January, 2007. Cumulative value of exports for the period April- January, 2008 was US$ 124190.41 million (Rs. 500117.15 crore) as against US$ 102110.27 million (Rs. 464532.19 crore) registering a growth of 21.62 per cent in Dollar terms and 7.66 per cent in Rupee terms over the same period last year.

B. Imports

Imports during January, 2008 were valued at US $ 22504.41 million representing an increase of 63.57 per cent over the level of imports valued at US $ 13757.93 million in January, 2007. In Rupee terms, imports increased by 45.28 per cent. Cumulative value of imports for the period April- January, 2008 was US$ 191604.13 million (Rs. 771628.90 crore) as against US$ 147812.69 million (Rs. 672514.33 crore) registering a growth of 29.63 per cent in Dollar terms and 14.74 per cent in Rupee terms over the same period last year.

C. Crude Oil and Non-Oil Imports

Oil imports during January, 2008 were valued at US $ 7711.78 million which was 60.81 per cent higher than oil imports valued at US $ 4795.46 million in the corresponding period last year. Oil imports during April- January, 2008 were valued at US$ 57023.33 million which was 16.49 per cent higher than the oil imports of US$ 48951.65 million in the corresponding period last year.

Non-oil imports during January, 2008 were estimated at US $ 14792.62 million which was 65.05 per cent higher than non-oil imports of US$ 8962.47 million in January, 2007. Non-oil imports during April- January, 2008 were valued at US$ 134580.80 million which was 36.13 per cent higher than the level of such imports valued at US$ 98861.04 million in April- January, 2007.

D. Trade Balance

The trade deficit for April- January, 2008 was estimated at US $ 67413.73 million which was higher than the deficit at US $ 45702.42 million during April- January, 2007.

Available at:

http://commerce.nic.in/tradestats/indiatrade_press.asp
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