core sector communique

India’s Foreign Trade: August, 2012

EXPORTS (including re-exports)             India’s exports during August, 2012 were valued at US $ 22330.44 million (Rs. 124067.50 crore) which was 9.74 per cent lower in Dollar terms (10.76 per cent higher in Rupee terms) than the level of US $ 24739.38 million (Rs. 112016.94 crore) during August, 2011. Cumulative value of exports for the period April-August 2012 -13 was US $ 119977.36  million (Rs 655670.24 crore) as against US $ 127587.62million (Rs 571179.18 crore) registering a  negative growth of 5.96 per cent in Dollar terms and growth of 14.79 per cent in Rupee terms over the same period last year.                                                                                                                    IMPORTS             India’s imports during August, 2012 were valued at US $ 37952.86 million (Rs.210865.35 crore) representing a negative growth of 5.08 per cent in Dollar terms (growth of 16.47 per cent in Rupee terms)  over the level of imports valued at US $ 39984.69 million ( Rs. 181045.87 crore) in August, 2011. Cumulative value of imports for the period April-August, 2012-13 was US $ 191148.45 million (Rs. 1044658.06 crore) as against US $ 203790.14 million (Rs. 912439.82 crore) registering a negative growth of 6.20 per cent in Dollar terms and growth of 14.49 per cent in Rupee terms over the same period last year. CRUDE OIL AND NON-OIL IMPORTS                                                    Oil imports during August, 2012 were valued at US $ 12876.1 million which was 2.96  per cent higher than oil imports valued at US $  12505.7 million in the corresponding period last year.  Oil imports during April-August, 2012-13 were valued at US$ 66690.2 million which was 2.80 per cent higher than the oil imports of US $ 64873.8 million in the corresponding period last year.             Non-oil imports during August, 2012 were estimated at US $ 25076.8 million which was 8.74 per cent lower than non-oil imports of US $ 27479.0 million in August, 2011.  Non-oil imports during April - August, 2012-13 were valued at US$ 124458.3 million which was 10.41 per cent lower than the level of such imports valued at US$ 138916.3 million in April – August, 2011-12. TRADE BALANCE        The trade deficit for April - August, 2012-13 was estimated at US $ 71171.09 million which was lower than the deficit of US $ 76202.52 million during April -August, 2011-12.  EXPORTS & IMPORTS  : (US $ Million) (PROVISIONAL) AUGUST APRIL-AUGUST EXPORTS(including re-exports) 2011-12 24739.38 127587.62 2012-13 22330.44 119977.36 %Growth2012-13/ 2011-2012 -9.74 -5.96 IMPORTS 2011-12 39984.69 203790.14 2012-13 37952.86 191148.45 %Growth2012-13/ 2011-2012 -5.08 -6.20 TRADE BALANCE 2011-12 -15245.31 -76202.52 2012-13 -15622.42 -71171.09 EXPORTS & IMPORTS  : (Rs. Crore) (PROVISIONAL) AUGUST APRIL-AUGUST EXPORTS(including re-exports) 2011-12 112016.94 571179.18 2012-13 124067.50 655670.24 %Growth2012-13/ 2011-2012 10.76 14.79 IMPORTS 2011-12 181045.87 912439.82 2012-13 210865.35 1044658.06 %Growth2012-13/ 2011-2012 16.47 14.49 TRADE BALANCE 2011-12 -69028.93 -341260.64 2012-13 -86797.85 -388987.82