core sector communique

Exports for August 2012 Stood at USD 22.3 Billion

India’s exports for the month of August 2012 stood at USD 22.3 billion compared to August 2011 when it stood at USD 24.7 billion registering a decline of (-) 9.7%. During August 2012, the imports were USD 38 billion as compared to USD 40 billion in August 2011 registering a decline on (-) 5.08%. Balance of Trade stood at USD 15.7 billion during August 2012 as compared to USD 15.3 billion in August 2011. The cumulative figure for the period of April- August 2012 shows exports at USD 120 billion as compared to USD 127.6 billion in April- August 2011; while the cumulative imports for April- August 2012 stood at USD 191.1 billion as compared to USD 203.8 billion in April- August 2011. The cumulative figure for the Balance of Trade for the period of April- August 2012 stood at USD 71.1 billion as compared to USD 76.2 billion in April- August 2011. During August 2012, the performance of some sectors with regard to exports are - engineering (USD 4.6 billion), petroleum products (USD 4.0 billion), gems and jewellery (USD 3.4 billion), drugs and pharmaceuticals (USD 1.2 billion), Readymade Garments (USD 0.9 billion). As regards to imports during August 2012, performance of some of the sectors are – crude petroleum (USD 12.8 billion), gold and silver (USD 2.6 billion), machinery (USD 2.67 billion), electronic goods (USD 2.62 billion), coal, coke etc (USD 1.7 billion). The trade figures were released by the Department of Commerce in a media interaction today by Commerce Secretary Shri S R Rao and DGFT Dr. Anup K Pujari. Figures for the month of August 2012 are provisional and subject to change.