India’s Foreign Trade: March, 2011

EXPORTS (including re-exports)

            India’s exports during March, 2011 were valued at US $ 29134.89 million (Rs. 131081.97 crore) which was 43.8 per cent higher in Dollar terms (42.2 per cent higher in Rupee terms) than the level of US $ 20254.14 million (Rs. 92149.26 crore) during March, 2010. Cumulative value of exports for the period April-March 2010 -11 was US $ 245868.29  million (Rs 1118822.85 crore) as against US $ 178751.41 million (Rs. 845533.62 crore) registering a  growth of 37.5 per cent in Dollar terms and 32.3 per cent in Rupee terms over the same period last year.

 IMPORT

            India’s imports during March, 2011 were valued at US $ 34743.08 million (Rs.156314.00 crore) representing a growth of 17.2 per cent in Dollar terms (15.9 per cent in Rupee terms)  over the level of imports valued at US $ 29626.87 million ( Rs. 134791.91 crore) in March, 2010. Cumulative value of imports for the period April-March, 2010-11 was US $ 350694.97 million (Rs. 1596869.37 crore) as against US $ 288372.87 million
(Rs. 1363735.55 crore) registering a growth of 21.6 per cent in Dollar terms and 17.1 per cent in Rupee terms over the same period last year.

 CRUDE OIL AND NON-OIL IMPORTS:                

            Oil imports during March, 2011 were valued at US $ 9438.6 million which was 8.2  per cent higher than oil imports valued at US $  8721.6 million in the corresponding period last year.   Oil imports during April-March, 2010-11 were valued at US$ 101689.2 million which was 16.7 per cent higher than the oil imports of US $ 87135.9 million in the corresponding period last year.

           Non-oil imports during March, 2011 were estimated at US $ 25304.5 million which was 21.0 per cent higher than non-oil imports of US $ 20905.3 million inMarch, 2010.                                                                                                                                                                                                                                                     Non-oil imports during April - March, 2010-11 were valued at US$ 249005.7 million which was 23.7 per cent higher than the level of such imports valued at US$ 201236.9 million in April - March, 2009-10.

TRADE BALANCE

            The trade deficit for April - March, 2010-11 was estimated at US $ 104826.68 million which was lower than the deficit of US $ 109621.46 million during April -March, 2009-10. 

DS/GK