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India’s merchandise exports during July 2005 are valued at US $ 7234.41 million (i.e. $ 7.2 billion) which is a record 26.80% higher than the level of US $ 5705.22 million (i.e. $ 5.7 billion) during July 2004. In rupee terms, the exports were Rs.31,495.81 crore which is 19.90% higher than the value of exports during July 2004.
India’s exports during April-July 2005-06 are valued at US $ 28134.72 million (i.e. $ 28.1 billion) which is 21.33% higher than the level of US $ 23188.47 million (i.e. $ 23.1 billion) during April-July 2004-05. In rupee terms, the exports were Rs.122622.01 crore, during April-July 2005-06 which is 17.01% higher than the value of exports during April-July 2004-05. Shri Kamal Nath, Union Minister of Commerce and Industry, while indicating the foreign trade data here today, said that all efforts would be made to accelerate exports so as to reach and even cross the target of US $ 92 billion set for the year 2005-06.
As per quick estimates provided by DGCI&S for the month of July 2005, the commodities/sectors that have performed well are iron ore (81%); petroleum products (41%); marine products (41%); plastics & linoleum (40%); rice (37%); ready-made garments of all textiles (35%); basic chemicals (30%); engineering goods (25%); and gems & jewellery (17%).
India’s imports during April-July 2005-06 are valued at US $ 42109.47 million representing an increase of 36.36% over the level of imports valued at US $ 30880.86 million in April-July 2004-05. In rupee terms, the imports increased by 31.44%.
Oil imports during April-July 2005-06 are valued at US $ 12543.23 million which is 32.33% higher than oil imports valued at US $ 9478.45 million in the corresponding period last year. Non-oil imports during April-July 2005-06 are estimated at US $ 29566.24 million which is 38.14% higher than the level of such imports valued at US $ 21402.41 million in April-July 2004-05.
Imports during July 2005 are valued at US $ 9904.22 million representing an increase of 33.21% over the level of imports valued at US $ 7435.16 million in July 2004. In rupee terms the imports increased by 25.96%.
The trade deficit for April-July 2005-06 is estimated at US $ 13974.75 million which is higher than the deficit at US $ 7692.39 million during April-July, 2004-05.
SB/SS/MRS
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