EXPORTS UP BY 23.7% IN APRIL-OCTOBER 2008 - INDIA'S FOREIGN TRADE DATA: OCTOBER, 2008

Press Information Bureau

Government of India

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New Delhi : December 01, 2008

            India's cumulative value of exports for the period April- October, 2008 was US $ 107796 million (Rs.467505 crore) as against US $ 87144 million (Rs.354064 crore) registering a growth of 23.7 per cent in Dollar terms and 32 per cent in Rupee terms over the same period last year. Exports during October, 2008 were valued at US $ 12822 million which was 12.1 per cent lower than the level of US $ 14588 million during October, 2007. In rupee terms, exports touched Rs.62387 crore, which was 8.2 per cent higher than the value of exports during October, 2007.

            India's imports during October, 2008 were valued at US $ 23360 million representing an increase of 10.6 per cent over the level of imports valued at US $ 21126 million in October, 2007. In Rupee terms, imports increased by 36.2 per cent. Cumulative value of imports for the period April- October, 2008 was US $ 180789 million (Rs.786059 crore) as against US $ 132780 million (Rs.539879 crore) registering a growth of 36.2 per cent in Dollar terms and 45.6 per cent in Rupee terms over the same period last year.

            Oil imports during October, 2008 were valued at US $ 7960 million which was 22 per cent higher than oil imports valued at US $ 6525 million in the corresponding period last year.  Oil imports during April- October, 2008 were valued at US $ 65774 million which was 60 per cent higher than the oil imports of US $ 41115 million in the corresponding period last year.

           Non-oil imports during October, 2008 were estimated at US $ 15400 million which was 5.5 per cent higher than non-oil imports of US $ 14601 million in October, 2007. Non-oil imports during April- October, 2008 were valued at US$ 115015 million which was 25.5 per cent higher than the level of such imports valued at US$ 91665 million in April- October, 2007.

            The trade deficit for April- October, 2008 was estimated at US $ 72993 million which was higher than the deficit at US $ 45636 million during April- October, 2007.