Dollar Import Up by 7.47% in Oct 2012, Export Fall 1.6%

Exports (including re-exports)

India’s exports during October, 2012 were valued at US $ 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 $ 23632.02 million (Rs. 116406.37 crore) during October, 2011. Cumulative value of exports for the period April-October 2012 -13 was US $ 166922.57 million (Rs 908340.19 crore) as against US $ 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.

Imports

India’s imports during October, 2012 were valued at US $ 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 $ 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 $ 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.

Crude Oil and Non-Oil Imports

Oil imports during October, 2012 were valued at US $ 14785.3 million which was 31.61 per cent higher than oil imports valued at US $ 11234.3 million in the corresponding period last year. Oil imports during April-October, 2012-13 were valued at US$ 95569.0 million which was 9.99 per cent higher than the oil imports of US $ 86887.7 million in the corresponding period last year.

Non-oil imports during October, 2012 were estimated at US $ 29423.1 million which was 1.73 per cent lower than non-oil imports of US $ 29940.8 million in October, 2011. Non-oil imports during April - October, 2012-13 were valued at US$ 181566.5 million which was 8.22 per cent lower than the level of such imports valued at US$ 197833.6 million in April - October, 2011-12.

Trade Balance

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

Exports & Imports: (US $ Million)
(Provisional)
	October	April-October
Exports (including re-exports)
2011-12	23632.02	177915.69
2012-13	23246.91	166922.57
%Growth2012-13/ 2011-2012	-1.63	-6.18
Imports
2011-12	41175.06	284721.27
2012-13	44208.35	277135.48
%Growth2012-13/ 2011-2012	7.37	-2.66
Trade Balance
2011-12	-17543.04	-106805.58
2012-13	-20961.44	-110212.91

[Ref: Press Note of Dept. of Commerce, Ministry of Commerce & Industry dated 12 November 2012]