Exports Shoot up by 82% in July with DEPB to Sunset in September 2011

Exports (including re-exports)

India’s exports during July, 2011 were valued at US $ 29344.03 million (Rs. 130338.54 crore) which was 81.79 per cent higher in Dollar terms (72.40 per cent higher in Rupee terms) than the level of US $ 16141.65 million (Rs. 75603.11) during July, 2010. Cumulative value of exports for the period April-July 2011 -12 was US $ 108347.77 million (Rs 483677.41 crore) as against US $ 70364.35 million (Rs. 323184.79 crore) registering a growth of 53.98 per cent in Dollar terms and 49.66 per cent in Rupee terms over the same period last year.

Imports

India’s imports during July, 2011 were valued at US $ 40425.82 million (Rs.179561.00 crore) representing a growth of 51.52 per cent in Dollar terms (43.69 per cent in Rupee terms) over the level of imports valued at US $ 26681.05 million ( Rs. 124966.83 crore) in July, 2010. Cumulative value of imports for the period April-July, 2011-12 was US $ 151039.62 million (Rs.674324.07 crore) as against US$107883.65 million (Rs. 495148.95 crore) registering a growth of 40.00 per cent in Dollar terms and 36.19 per cent in Rupee terms over the same period last year.

Crude Oil and Non-Oil Imports

Oil imports during July, 2011 were valued at US $ 11445.4 million which was 37.02 per cent higher than oil imports valued at US $ 8353.2 million in the corresponding period last year. Oil imports during April-July, 2011-12 were valued at US$ 41972.6 million which was 22.72 per cent higher than the oil imports of US $ 34202.7 million in the corresponding period last year.

Non-oil imports during July, 2011 were estimated at US $ 28980.4 million which was 58.12 per cent higher than non-oil imports of US $ 18327.8 million in July, 2010. Non-oil imports during April - July, 2011-12 were valued at US$ 109067.0 million which was 48.03 per cent higher than the level of such imports valued at US$ 73680.9 million in April - July, 2010-11.

Trade Balance

The trade deficit for April - July, 2011-12 was estimated at US $ 42691.85 million which was higher than the deficit of US $ 37519.30 million during April -July, 2010-11.

EXPORTS & IMPORTS : (US $ Million)
(PROVISIONAL)
	JULY	APRIL-JULY
EXPORTS(including re-exports)
2010-11	16141.65	70364.35
2011-12	29344.03	108347.77
%Growth2011-12/ 2010-2011	81.79	53.98
IMPORTS
2010-11	26681.05	107883.65
2011-12	40425.82	151039.62
%Growth2011-12/ 2010-2011	51.52	40.00
TRADE BALANCE
2010-11	-10539.40	-37519.30
2011-12	-11081.79	-42691.85

[Source: Ministry of Commerce & Industry Press Release dated 1 September 2011]