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Industry News
India's Exports up by 23% in April-February 2006-07
Posted On : 2007-04-02 09:55:25( TIMEZONE : IST )
The cumulative value of India’s exports for the period April-February, 2007 was US $ 109126.78 million ($ 109 billion) or Rs.495347.28 Crore as against US $ 88760.40 million ($ 88.7 billion) or Rs.393157.16 Crore during the same period last year, indicating a growth of 22.95%, according to the provisional data for merchandise exports available from Directorate General of Commercial Intelligence & Statistics (DGCI&S).Exports during the month of February 2007 were valued at US $ 9701.71 million (Rs.42841.09 crore) during the month of February, 2007 compared with US $ 7834.49 million (Rs.34729.43 Crore) in February, 2006.
The cumulative value of India’s imports during April-February, 2007 was US $ 164985.32 million (Rs.748440.60 Crore) which was higher than imports at US $ 126336.01 million (Rs.558992.18 Crore) during April- February, 2006. Imports during the month of February, 2007 were valued at US $ 14362.69 million (Rs.63423.19 Crore) compared with US $ 11040.09 million (Rs.48939.50 Crore) in February, 2006.
Crude Oil imports were valued at US $ 4061.40 million in February, 2007 compared with US $ 4109.96 million in the corresponding period last year thus registering a negative growth of 1.18%. Crude Oil imports during April- February, 2007 were valued at US $ 52673.46 million which was 32.52% higher than Crude oil imports of US $ 39748.35 million in the corresponding period last year.
Non-oil imports were estimated at US $ 10301.29 million during February, 2007 which was 39.77% higher than growth on non-oil imports of US $ 7370.07 million in February, 2006. Non-oil imports during April-February, 2007 were valued at US $ 112311.85 million which was 25.67% higher than the level of such imports valued at US $ 89370.42 million in April- February, 2006. The trade deficit for April-February, 2007 was estimated at US $ 55858.54 million which was higher than the deficit of US $ 37575.61 million during April- February, 2006.