core sector communique

Export Grows by 21.4% in April- Feb 2012 at US $ 267.4 Billion: Commerce Secretary

India’s exports for the months of April 2011 - February 2012 have registered a growth of 21.4%, at US $ 267.4 billion. Interacting with the media persons here today, Shri Rahul Khullar, Commerce Secretary, informed that during the same period the imports were US $ 434.2 billion with a growth of 29.4% and a Balance of Trade stood at US $ (-)166.8 billion, during the same period. Shri Khullar also informed that India’s exports in February 2012 were US $ 24.6 billion with 4.3 % growth and imports stood at US $ 39.8 bn with growth of 20.6% Balance of trade for the month of February 2012 stood at (-) 15.2 billion US $.

During April-February 2012, the following sectors have done well with regard to exports- engineering, (US $ 54.5 billion) which registered the growth of 20.9%; petroleum & oil products, 46% (US $ 53 billion); Gems & Jewellery registered the growth of 28.8% (US $ 40.6 billion); Drugs and pharmaceuticals 11.4% (US $ 11.4 billion );leather 20.4% (US $ 4.1 billion) Cotton yarn and fabric made-up 18.5% (US $ 6.1 billion) ; electronics, 3.5% (US $ 8 billion); Readymade garments, 19% ( US $ 12.1 billion).

As regards to imports during April-February 2012, the growth estimates on the following sectors are: POL, 41% (US $ 132.6 billion); Gold and silver 38.5% (US$ 54.5 billion); machinery, 27% (US $ 32.2 billion), electronics, 21.8% (US $ 30.1 billion), and coal 72% (US $ 15.5 billion US $).

The Commerce Secretary clarified that the figures are only the rough estimates and the final figure is subject to change.