India's Exports up by over 20%

Cumulative value of India’s merchandise exports for the period April-May, 2007 was US $ 22436.39 million ($ 22.4 billion) or Rs.92944.16 Crore as against US $ 18639.50 million ($ 18.6 billion) or Rs.84243.20 Crore during the same period last year, registering an increase of 20.37%. Merchandise exports during May, 2007 were valued at US $ 11861.28 million which was 18.07 % higher than the level of US $ 10045.99 million during May, 2006. In rupee terms, exports touched Rs.48371.98 crore, which was 6.04% higher than the value of exports during May, 2006.

India’s Imports during May, 2007 were valued at US $ 18077.81 million representing an increase of 26.36 % over the level of imports valued at US $ 14306.76 million in May, 2006. In Rupee terms, imports increased by 13.49 %. Cumulative value of imports for the period April-May, 2007 was US$ 35713.14 million (Rs.148053.58 Crore) as against US$ 26841.29 million (Rs.121304.73 Crore) during the same period last year.

Oil imports during May, 2007 were valued at US $ 4740.29 million which was 2.99% lower than oil imports valued at US $ 4886.44 million in the corresponding period last year. Oil imports during April-May, 2007 were valued at US $ 9165.20 million which was 1.01% higher than the oil imports of US $ 9073.62 million in the corresponding period last year.

Non-oil imports during May, 2007 were estimated at US $ 13337.52 million which was 41.58 % higher than growth on non oil imports of US$ 9420.32 million in May, 2006. Non-oil imports during April-May, 2007 were valued at US$ 26547.94 million which was 49.42% higher than the level of such imports valued at US$ 17767.67 million in April-May, 2006.

The trade deficit for April-May, 2007 was estimated at US $ 13276.75 million which was higher than the deficit at US $ 8201.79 million during April-May, 2006.

Source : Press Information Bureau

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