core sector communique

India’s Foreign Trade: August, 2011

A. EXPORTS (including re-exports)

India’s Exports during August, 2011 were valued at US $ 24312.53 million (Rs. 110084.22 crore) which was 44.25 per cent higher in Dollar terms (40.26 per cent higher in Rupee terms) than the level of US $ 16854.16 million (Rs. 78486.28) during August, 2010. Cumulative value of exports for the period April-August 2011 -12 was US $ 134502.54 million (Rs 602031.90 crore) as against US $ 87218.51 million (Rs. 401671.07 crore) registering a growth of 54.21 per cent in Dollar terms and 49.88 per cent in Rupee terms over the same period last year.

B. IMPORTS

India’s Imports during August, 2011 were valued at US $ 38354.15 million (Rs.173663.00 crore) representing a growth of 41.82 per cent in Dollar terms (37.89 per cent in Rupee terms) over the level of imports valued at US $ 27044.49 million ( Rs. 125940.50 crore) in August, 2010. Cumulative value of imports for the period April-August, 2011-12 was US $ 189393.77 million (Rs.847987.07 crore) as against US$134928.14 million (Rs. 621089.45 crore) registering a growth of 40.37 per cent in Dollar terms and 36.53 per cent in Rupee terms over the same period last year.



C. CRUDE OIL AND NON-OIL IMPORTS:

Oil imports during August, 2011 were valued at US $ 10278.7 million which was 48.72 per cent higher than oil imports valued at US $ 6911.6 million in the corresponding period last year. Oil imports during April-August, 2011-12 were valued at US$ 52251.2 million which was 27.09 per cent higher than the oil imports of US $ 41114.3 million in the corresponding period last year.



Non-oil imports during August, 2011 were estimated at US $ 28075.4 million which was 39.4 per cent higher than non-oil imports of US $ 20132.8 million in August, 2010. Non-oil imports during April - August, 2011-12 were valued at US$ 137142.5 million which was 46.19 per cent higher than the level of such imports valued at US$ 93813.7 million in April - August, 2010-11.



D. TRADE BALANCE

The trade deficit for April - August, 2011-12 was estimated at US $ 54891.23 million which was higher than the deficit of US $ 47709.63 million during April -August, 2010-11.