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India's Trade Deficit for April - January, 2012-13 was estimated at 167168.12 Million US Dollars

Feb 13, 2013 15:25 IST

As per the data released by Union Ministry of Commerce and Industry on 13 February 2013, India’s performance in export and import are as following:

EXPORTS
Exports during January, 2013 were valued at 25587.24 million US dollars. (138981.70 crore rupees) which was 0.82 per cent higher in Dollar terms (6.67 per cent higher in Rupee terms) than the level of 25379.05 million US dollars (130294.02 crore rupees) during January 2012. Cumulative value of exports for the period April-January 2012 -13 was 239687.01 million US dollars (1305420.39 rupees) as against  251930.14 million US dollars (1196962.33 crore rupees) registering a  negative growth of 4.86 per cent in Dollar terms and growth of 9.06 per cent in Rupee terms over the same period 2011-12.    

IMPORTS
Imports during January, 2013 were valued at 45583.25 million US dollars (247593.63 crore rupees) representing a growth of 6.12 per cent in Dollar terms and 12.28 per cent in Rupee terms  over the level of imports valued at 42952.47 million US Dollars ( 220514.54 crore rupees) in January 2012. Cumulative value of imports for the period April-January 2012-13 was 406855.13 million US dollars (2215115.46 crore rupees) as against 406820.28 million US dollars (1934946.96 crore rupees) registering a positive growth of 0.01 per cent in Dollar terms and growth of 14.48 per cent in Rupee terms over the same period 2011-12.
 
CRUDE OIL AND NON-OIL IMPORTS:                  
Oil imports during January, 2013 were valued at 15899.3 million US dollars which was 6.91  per cent higher than oil imports valued at 14871.2 million US Dollars in the corresponding period last year.  Oil imports during April-January, 2012-13 were valued at 140420.1 million US dollars which was 11.56 per cent higher than the oil imports of 125874.2 million US dollars in the corresponding period last year.Non-oil imports during January 2013 were estimated at 29684.0 million US dollars which was 5.71 per cent higher than non-oil imports of US 28081.3 million in January 2012. Non-oil imports during April – January 2012-13 were valued at 266435.0 million US dollars which was 5.17 per cent lower than the level of such imports valued at 280946.1 million US dollars in April - January 2011-12.                                                                                                                                                                                                                                                                                                                                                   
TRADE BALANCE
The trade deficit for April - January 2012-13 was estimated at 167168.12 million US dollars which was higher than the deficit of 154890.14 million US dollars during April -January 2011-12.

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