core sector communique

India’s Foreign Trade: May, 2011



EXPORTS (including re-exports



India’s Exports during May, 2011 were valued at US $ 25941.28 million (Rs. 116488.01 crore) which was 56.93 per cent higher in Dollar terms (53.82 per cent higher in Rupee terms) than the level of US $ 16530.85 million (Rs. 75730.31 crore) during May, 2010. Cumulative value of exports for the period April-May 2011 -12 was US $ 49790.60 million (Rs 222307.44 crore) as against US $ 34272.98 million (Rs154681.89 crore) registering a growth of 45.28 per cent in Dollar terms and 43.72 per cent in Rupee terms over the same period last year.



IMPORTS



India’s Imports during May, 2011 were valued at US $ 40906.95 million (Rs.183690.60 crore) representing a growth of 54.08 per cent in Dollar terms (51.03 per cent in Rupee terms) over the level of imports valued at US $ 26549.51 million ( Rs. 121627.30 crore) in May, 2010. Cumulative value of imports for the period April-May, 2011-12 was US $ 73741.31 million (Rs. 329376.66 crore) as against US $ 55319.57 million
(Rs. 249652.61 crore) registering a growth of 33.30 per cent in Dollar terms and 31.93 per cent in Rupee terms over the same period last year.



CRUDE OIL AND NON-OIL IMPORTS:



Oil imports during May, 2011 were valued at US $ 10161.0 million which was 18.57 per cent higher than oil imports valued at US $ 8570.0 million in the corresponding period last year. Oil imports during April-May, 2011-12 were valued at US$ 20347.0 million which was 12.89 per cent higher than the oil imports of US $ 18024.0 million in the corresponding period last year.



Non-oil imports during May, 2011 were estimated at US $ 30745.8 million which was 71.0 per cent higher than non-oil imports of US $ 17979.5 million in May, 2010. Non-oil imports during April - May, 2011-12 were valued at US$ 53394.2 million which was 43.17 per cent higher than the level of such imports valued at US$ 37295.5 million in April - May, 2010-11.



TRADE BALANCE



The trade deficit for April - May, 2011-12 was estimated at US $ 23950.71 million which was lower than the deficit of US $ 21046.59 million during April -May, 2010-11.