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Registering a record growth, India’s exports during April-November 2004-05 are valued at US $ 46393.61 million ($ 46.3 billion) which is 24.02% higher than the level of US $ 37406.93 million (37.4 billion) during April-November 2003-04. This is over and above the 8.52% export growth in April-November, 2003-04 over April-November 2002-03. In rupee terms, the exports were Rs.211141.19 crore, during April-November, 2004-05 which is 22.14% higher than the value of exports during April-November, 2003-04.
Exports during November 2004 are valued at US $ 6097.29 million is 25.91% higher than the level of US $ 4842.61 million during November 2003. In rupee terms, the exports were Rs. 27514.05 crore which is 24.81% higher than the value of exports during November, 2003. This is over and above the 19.61% export growth in November, 2004 over November 2003.
Imports during April-November 2004-05 are valued at US $ 64265.79 million representing an increase of 34.47% over the level of imports valued at US $ 47790.74 million in April-November, 2003-04.
Oil imports during April-November 2004-05 are valued at US $ 19944.51 million which is 55.79% higher than oil imports valued at US $ 12801.84 million in the corresponding period last year. Non-oil imports during April-November, 2004-05 are estimated at US $ 44321.28 million which is 26.67% higher than the level of such imports valued at US $ 34988.90 million in April-November, 2003-04.
Thus, it will be seen that value of India’s total imports during April-November was a little over $ 64 billion and of this, petroleum and petroleum products alone accounted for $ 20 billion. As Shri Kamal Nath, Minister of Commerce & Industry, pointed out at the review meeting on Saturday, "it is clear that if not for the high cost of petroleum, we would not have had a negative balance of trade. Fortunately, this negative balance of trade in goods is more than compensated for by our services exports".
Imports during November 2004 are valued at US $ 9042.91 million representing an increase of 43.12% over the level of imports valued at US $ 6318.30 million in November 2003. In rupee terms, the imports increased by 41.87%.
The trade deficit for April-November, 2004-05 is estimated at US $ 17872.18 million which is higher than the deficit at US $ 10383.81 million during April-November 2003-04.
Tables showing data on exports, imports and trade deficit, according to the Directorate General of Commercial Intelligence & Statistics (DGCI&S) are attached.
IMPORTS & EXPORTS : (PROVISIONAL)
(Unadjusted for late returns)
(US $ Million)
November
April-November
EXPORTS
_________
2003-2004*
4842.61
37406.93
2004-2005
6097.28
46393.61
%Growth 2004-2005/2003-2004
25.91
24.02
IMPORTS
_________
2003-2004*
6318.30
47790.74
2004-2005
9042.91
64265.79
%Growth 2004-2005/2003-2004
43.12
34.47
TRADE BALANCE
_______________
2003-2004*
-1475.69
-10383.81
2004-2005
-2945.63
-17872.18
*Final figures as given by DGCI&S
IMPORTS & EXPORTS : (PROVISIONAL)
(Unadjusted for late returns)
(Rs Crores)
November
April-November
EXPORTS
_________
2003-2004*
22044.57
172861.67
2004-2005
27514.05
211141.19
%Growth 2004-2005/2003-2004
24.81
22.14
IMPORTS
_________
2003-2004*
28762.24
220923.64
2004-2005
40806.20
292565.61
%Growth 2004-2005/2003-2004
41.87
32.43
TRADE BALANCE
_______________
2003-2004*
-6717.67
-48061.97
2004-2005
-13292.15
-81424.42
*Final figures as given by DGCI&S
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