Exports up by 31.2% in July 2008 - INDIA'S FOREIGN TRADE DATA - JULY 2008

Exports during July, 2008 were valued at US $ 16345 million which was 31.2 per cent higher than the level of US $ 12454 million during July, 2007. In rupee terms, exports touched Rs. 70018 crore, which was 39.1 per cent higher than the value of exports during July, 2007. Cumulative value of exports for the period April- July, 2008 was US$ 59191 million (Rs. 248498 crore) as against US$ 47487 million (Rs. 194689 crore) registering a growth of 24.6 per cent in Dollar terms and 27.6 per cent in Rupee terms over the same period last year.

Imports during July, 2008 were valued at US $ 27143 million representing an increase of 48.1 per cent over the level of imports valued at US $ 18333 million in July, 2007. In Rupee terms, imports increased by 56.9 per cent. Cumulative value of imports for the period April- July, 2008 was US$ 100418 million (Rs. 421541 crore) as against US$ 74840 million (Rs. 306946 crore) registering a growth of 34.2 per cent in Dollar terms and 37.3 per cent in Rupee terms over the same period last year.

                        Oil imports during July, 2008 were valued at US $ 9480 million which was 69.3 per cent higher than oil imports valued at US $ 5600 million in the corresponding period last year.  Oil imports during April- July, 2008 were valued at US$ 35006 million which was 54.9 per cent higher than the oil imports of US$ 22596 million in the corresponding period last year.

           Non-oil imports during July, 2008 were estimated at US $ 17664 million which was 38.7 per cent higher than non-oil imports of US$ 12733 million in July, 2007. Non-oil imports during April- July, 2008 were valued at US$ 65412 million which was 25.2 per cent higher than the level of such imports valued at US$ 52243 million in April- July, 2007.

                        The trade deficit for April- July, 2008 was estimated at US $ 41227 million which was higher than the deficit at US $ 27352 million during April- July, 2007.

RJ/MRS