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India's exports 1.63pc lower in Oct

Posted on Nov 12, 03:40PM | IBNS

India's exports during October, 2012 were valued at US USD 23246.91 million (Rs. 123264.20 crore) which was 1.63 per cent lower in Dollar terms (5.89 per cent higher in Rupee terms) than the level of US USD 23632.02 million (Rs. 116406.37 crore) during October, 2011.

Cumulative value of exports for the period April-October 2012 -13 was US USD 166922.57 million (Rs 908340.19 crore) as against US USD 177915.69 million (Rs 814708.35 crore) registering a negative growth of 6.18 per cent in Dollar terms and growth of 11.49 per cent in Rupee terms over the same period last year.

India's imports during October, 2012 were valued at US USD 44208.35 million (Rs.234409.93 crore) representing a growth of 7.37 per cent in Dollar terms and 15.58 per cent in Rupee terms over the level of imports valued at US USD 41175.06 million ( Rs. 202819.70 crore) in October, 2011.

Cumulative value of imports for the period April-October, 2012-13 was US 277135.48 million (Rs. 1507202.58 crore) as against US USD 284721.27 million (Rs. 1304631.60 crore) registering a negative growth of 2.66 per cent in Dollar terms and growth of 15.53 per cent in Rupee terms over the same period last year.

Oil imports during October, 2012 were valued at US USD 14785.3 million which was 31.61 per cent higher than oil imports valued at US USD 11234.3 million in the corresponding period last year.

Oil imports during April-October, 2012-13 were valued at USUSD 95569.0 million which was 9.99 per cent higher than the oil imports of US USD 86887.7 million in the corresponding period last year.

Non-oil imports during October, 2012 were estimated at US USD 29423.1 million which was 1.73 per cent lower than non-oil imports of US USD 29940.8 million in October, 2011.

Non-oil imports during April - October, 2012-13 were valued at USUSD 181566.5 million which was 8.22 per cent lower than the level of such imports valued at USUSD 197833.6 million in April - October, 2011-12.

The trade deficit for April - October, 2012-13 was estimated at US USD 110212.91 million which was higher than the deficit of US USD 106805.58 million during April -October, 2011-12.