core sector communique

India’s Foreign Trade: May, 2012

A. EXPORTS (including re-exports)             Exports during May, 2012 were valued at US $ 25681.38 million (Rs. 139895.48 crore) which was 4.16 per cent lower in Dollar terms (16.26 per cent higher in Rupee terms) than the level of US $ 26796.54 million (Rs. 120328.54 crore) during May, 2011. Cumulative value of exports for the period April-May 2012 -13 was US $ 50136.76  million (Rs 266603.94 crore) as against US $ 50486.91 million (Rs 225442.71 crore) registering a  negative growth of 0.69 per cent in Dollar terms and growth of 18.26 per cent in Rupee terms over the same period last year.                                                                                                                    B. IMPORTS             Imports during May, 2012 were valued at US $ 41947.14 million (Rs.228500.74 crore) representing a negative growth of 7.36 per cent in Dollar terms (growth of 12.38 per cent in Rupee terms)  over the level of imports valued at US $ 45281.90 million ( Rs. 203336.09 crore) in May, 2011. Cumulative value of imports for the period April-May, 2012-13 was US $ 79888.84 million (Rs. 425084.64 crore) as against US $ 81871.27 million (Rs. 365683.12 crore) registering a negative growth of 2.42 per cent in Dollar terms and growth of 16.24 per cent in Rupee terms over the same period last year. C. CRUDE OIL AND NON-OIL IMPORTS:                                     Oil imports during May, 2012 were valued at US $ 14987.2 million which was 14.02  per cent higher than oil imports valued at US $  13144.0 million in the corresponding period last year.  Oil imports during April-May, 2012-13 were valued at US$ 28896.3 million which was 10.51 per cent higher than the oil imports of US $ 26148.0 million in the corresponding period last year.            Non-oil imports during May, 2012 were estimated at US $ 26959.9 million which was 16.11 per cent lower than non-oil imports of US $ 32137.9 million in May, 2011.  Non-oil imports during April -             May, 2012-13 were valued at US$ 50992.5 million which was 8.49 per cent lower than the level of such imports valued at US$ 55723.2 million in April - May, 2011-12.                        D. TRADE BALANCE             The trade deficit for April - May, 2012-13 was estimated at US $ 29752.08 million which was lower than the deficit of US $ 31384.36 million during April -May, 2011-12.