December Dollar Export Rise 6.71%, Imports Up 19.81%

Exports (including re-exports)

India’s Exports during December, 2011 were valued at US$ 25015.89 million (Rs.131775.95 crore) which was 6.71 per cent higher in Dollar terms (24.48 per cent higher in Rupee terms) than the level of US$ 23442.07 million (Rs. 105856.90) during December, 2010. Cumulative value of exports for the period April-December 2011 -12 was US$ 217663.66 million (Rs 1024706.95 crore) as against US$ 172964.94 million (Rs.789068.93 crore) registering a growth of 25.84 per cent in Dollar terms and 29.86 per cent in Rupee terms over the same period last year.

Imports

India’s Imports during December, 2011 were valued at US$ 37753.36 million (Rs.198873.00 crore) representing a growth of 19.81 per cent in Dollar terms (39.76 per cent in Rupee terms) over the level of imports valued at US$ 31511.08 million (Rs. 142293.94 crore) in December, 2010. Cumulative value of imports for the period April-December, 2011-12 was US$ 350935.69 million (Rs.1651239.75 crore) as against US$ 269175.16 million (Rs. 1228074.48 crore) registering a growth of 30.37 per cent in Dollar terms and 34.46 per cent in Rupee terms over the same period last year.

Crude Oil and Non-Oil Imports

Oil imports during December, 2011 were valued at US$ 10279.3 million which was 11.20 per cent higher than oil imports valued at US$ 9243.6 million in the corresponding period last year. Oil imports during April-December, 2011-12 were valued at US$ 105588.7 million which was 40.39 per cent higher than the oil imports of US$ 75211.4 million in the corresponding period last year.

Non-oil imports during December, 2011 were estimated at US$ 27474.1 million which was 23.38 per cent higher than non-oil imports of US$ 22267.5 million in December, 2010. Non-oil imports during April - December, 2011-12 were valued at US$ 245347.0 million which was 26.49 per cent higher than the level of such imports valued at US$ 193963.8 million in April - December, 2010-11.

Trade Balance

The trade deficit for April-December, 2011-12 was estimated at US$ 133272.03 million which was higher than the deficit of US$ 96210.22 million during April-December, 2010-11.

Exports & Imports: (US $ Million)

(Provisional)

 

December

April-December

Exports(including re-exports)

 

 

2010-11

23442.07

172964.94

2011-12

25015.89

217663.66

%Growth2011-12/ 2010-2011

6.71

25.84

Imports

 

 

2010-11

31511.08

269175.16

2011-12

37753.36

350935.69

%Growth2011-12/ 2010-2011

19.81

30.37

Trade Balance

 

 

2010-11

-8069.01

-96210.22

2011-12

-12737.47

-133272.03

Exports & Imports : (Rs. Crore)

(Provisional)

December

April-December

Exports(including re-exports)

 

 

2010-11

105856.90

789068.93

2011-12

131775.95

1024706.95

%Growth2011-12/ 2010-2011

24.48

29.86

Imports

 

 

2010-11

142293.94

1228074.48

2011-12

198873.00

1651239.75

%Growth2011-12/ 2010-2011

39.76

34.46

Trade Balance

 

 

2010-11

-36437.04

-439005.55

2011-12

-67097.05

-626532.80

[Source: Ministry of Commerce & Industry, PIB Press Release dated 1st February 2012]