Export Stood at US$ 24.50 Billion in April 2012: Commerce Secretary.

Press Information Bureau

Government of India

Ministry of Commerce & Industry

10-May-2012 15:05 IST

Export Stood at US$ 24.50 Billion in April 2012: Commerce Secretary

India’s exports for the months of April 2012 have registered a growth of 3.2%, at US $ 24.50 billion. Interacting with the media persons here today, Shri Rahul Khullar, Commerce Secretary, informed that during April 2012 the imports were US $ 37.9 billion with a growth of 3.8% and a Balance of Trade stood at US $ (-)13.4 billion, during the same period.

During April 2012, the following sectors have done well with regard to exports- engineering, (US $ 5.2 billion) which registered the growth of 14.2%; electronics exports grew by 5.4% (US $ 0.6 billion); Drugs and pharmaceuticals 33% (US $ 1.1 billion );leather 3.2% (US $ 0.3 billion); Basic Chemicals 11.4% (US$0.9 billion); Marine products 21% (US& 0.2 billon) Cotton yarn and fabric made-up (-)20.4% (US $ 0.49 billion) ; Gems & Jewellery decline by (-) 25.7% (US $ 2.6 billion).

As regards to imports during April 2012, the growth estimates on the following sectors are: POL, 7% (US $ 13.9 billion); Gold and silver (-)33% (US$ 3.1 billion); machinery, 14.9% (US $ 2.9 billion), and coal 25.5% (US $ 1.5 billion US $) Pearls and precious stones (-)63.3% (US$1.2 billion).

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