Export Grows 52% in April- September 2011 at US $ 160 Billion: Commerce Secretary.

Press Information Bureau

Government of India

Ministry of Commerce & Industry

12-October-2011 19:07 IST

Export Grows 52% in April- September 2011 at US $ 160 Billion: Commerce Secretary

India’s exports for the month of April- September 2011 have registered a growth of 52%, at US $ 160 billion. Interacting with the media persons here today, Shri Rahul Khullar, Commerce Secretary, informed that during the period April-September 2011, the imports were US $ 233.5 billion with a growth of 32.4% and a Balance of Trade stood at US $ (-)73.5 billion, during the same period. Shri Khullar also informed that India’s imports in September 2011 were US $ 34.6 billion and export stood at US$ 24.6 bn Balance of trade for the month of September 2011 stood at (-) 9.8 billion US $.

During April-September 2011, the following sectors have done well viz., engineering, (US $ 46.4 billion) which registered the growth of 103%; petroleum & oil products, 53% (US $ 27 billion); Gems & Jewellery registered the growth of 23% (US $ 18.5 billion); Drugs and pharmaceuticals 33% (US $ 6.5 billion US $);leather 26% (US$ 2.25 billion) Cotton yarn and fabric made-up 22.5% (US $ 3.4 billion) ; electronics, 67% (US $ 5.7 billion); Readymade garments, 32% ( US $ 6.8 billion).

As regards to imports during April-September 2011, the growth estimates on the following sectors are: POL, 42% (US $ 70.4 billion); Gold and silver 80% (US 31.1 billion),; machinery, 34% (US $ 17.4 billion), electronics, 33% (US & 16.9 billion), Organic and inorganic chemicals 26% (US $ 9.3 billion) and coal 43% (US $ 8.4 billion US $).

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

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DS