India’s cumulative value of exports for the period April to January, 2008-09 was USD 144,266 million as against USD 127,454 million registering a growth of 13.2% YoY.
Exports during January, 2008-09 were valued at USD 12,381 million which was 15.9% lower than the level of USD 14,717 million during January, 2008. In rupee terms, exports touched INR 60,460 crore, which was 4.3% higher than the value of exports during January, 2007-08.
India’s imports during January, 2008-09 were valued at USD 18,455 million representing a decrease of 18.2% over the level of imports valued at USD 22,566 million in January, 2007-08. In Rupee terms, imports increased by 1.4%. Cumulative value of imports for the period April to January, 2008-09 was USD 243,358 million (INR 1,090,182 crore) as against USD 194,285 million (INR 782,297 crore) registering a growth of 25.3% YoY in Dollar terms and 39.4% YoY in Rupee terms.
Oil imports during January, 2008-09 were valued at USD 4,463 million which was 47.5% lower than oil imports valued at USD 8,505 million in the corresponding period last year. Oil imports during April to January, 2008-09 were valued at USD 83,290 million which was 32.4% higher than the oil imports of USD 62,926 million in the corresponding period last year.
Non oil imports during January, 2008-09 were estimated at USD 13,992 million which was 0.5% lower than non oil imports of USD 14,061 million in January, 2007-08. Non oil imports during April to January, 2009 were valued at USD 160,068 million which was 21.9% higher than the level of such imports valued at USD 131,359 million in April to January 2007-08.
The trade deficit for April to January, 2008-09 was estimated at USD 444,610 million which was higher than the deficit at USD 269,352 million during April to January, 2007-08.