Exports up by 30.9% in April-September 2008

India's cumulative value of exports for the period April- September, 2008 was US $ 94973 million (Rs.405118 crore) as against US $ 72556 million (Rs.296423 crore) registering a growth of 30.9% in Dollar terms and 36.7% in Rupee terms over the same period last year.  Exports during September, 2008 were valued at US $ 13748 million which was 10.4% higher than the level of US $ 12455 million during September, 2007. In rupee terms, exports touched Rs.62641 crore, which was 24.7% higher than the value of exports during September, 2007.

            India's Imports during September, 2008 were valued at US $ 24380 million representing an increase of 43.3% over the level of imports valued at US $ 17009 million in September, 2007. In Rupee terms, imports increased by 61.9%. Cumulative value of imports for the period April- September, 2008 was US$ 154744million (Rs.661208 crore) as against US$ 111654 million (Rs.456407 crore) registering a growth of 38.6% in Dollar terms and 44.9% in Rupee terms over the same period last year.

            Oil imports during September, 2008 were valued at US $ 9096 million which was 57.1 per cent higher than oil imports valued at US $ 5792 million in the corresponding period last year.  Oil imports during April-September, 2008 were valued at US$ 55063 million which was 59.2 per cent higher than the oil imports of US$ 34590 million in the corresponding period last year.

            Non-oil imports during September, 2008 were estimated at US $ 15284 million which was 36.2% higher than non-oil imports of US$ 11218 million in September, 2007. Non-oil imports during April- September, 2008 were valued at US$ 99681 million which was 29.3% higher than the level of such imports valued at US$ 77064 million in April- September, 2007.                                   

            The trade deficit for April- September, 2008 was estimated at US $ 59771 million which was higher than the deficit at US $ 39098 million during April- September, 2007.