record increase in india’s exports – january exports up by 33%

india’s foreign trade: april-january 2004-05

Monday, February 14, 2005

India’s exports during January 2005 are valued at US $ 6716.15 million ($ 6.7 billion) which is 33.17% higher than the level of US $ 5043.13 million ($ 5 billion) during January 2004. This is substantially higher than the 3.99% export growth in January, 2004 over January, 2003. In rupee terms, the exports were Rs.29386.16 crore, which is 28.19% higher than the value of exports during January 2004.



Exports during April-January 2004-05 are valued at US $ 60754.46 million, ($ 60.7 billion) which is 25.55% higher than the level of US $ 48389.85 million ($ 48.3 billion) during April-January 2003-04. This is substantially higher than the 11.74% export growth in April-January 2003-04 over April-January 2002-03. In rupee terms, the exports were Rs.274313.37 crore, during April-January 2004-05 which is 23.09% higher than the value of exports during April-January 2003-04.



India’s imports during April-January 2004-05 are valued at US $ 83441.55 million representing an increase of 34.72% over the level of imports valued at US $ 61937.79 million in April-January 2003-04.



Oil imports during April-January 2004-05 are valued at US $ 23461.21 million which is 40.14% higher than oil imports valued at US $ 16741.20 million in the corresponding period last year. Non-oil imports during April-January 2004-05 are estimated at US $ 59980.34 million which is 32.71% higher than the level of such imports valued at US $ 45196.59 million in April-January 2003-04.



Imports during January 2005 are valued at US $ 9584.53 million representing an increase of 40.40% over the level of imports valued at US $ 6826.40 million in January 2004. In rupee terms, the imports increased by 35.15%.



The trade deficit for April-January 2004-05 is estimated at US $ 22687.09 million, which is higher than the deficit at US $ 13547.94 million during April-January 2003-04.



Tables giving details of exports, imports and trade balance, according to the provisional estimates of Directorate General of Commercial Intelligence & Statistics (DGCI&S) are attached.








IMPORTS & EXPORTS : (PROVISIONAL)



(Unadjusted for late returns)



(US $ Million)



January
April-January







EXPORTS




_________




2003-2004*
5043.13
48389.85


2004-2005
6716.15
60754.46







%Growth 2004-2005/2003-2004
33.17
25.55







IMPORTS




_________




2003-2004*
6826.40
61937.79


2004-2005
9584.53
83441.55







%Growth 2004-2005/2003-2004
40.40
34.72







TRADE BALANCE




_______________




2003-2004*
-1783.27
-13547.94


2004-2005
-2868.38
-22687.09







*Final figures as given by DGCI&S








(Unadjusted for late returns)



(Rs Crores)



January
April-January


EXPORTS




_________




2003-2004*
22923.90
222863.90


2004-2005
29386.16
274313.37







%Growth 2004-2005/2003-2004
28.19
23.09







IMPORTS




_________




2003-2004*
31029.86
285326.90


2004-2005
41936.64
376814.89







%Growth 2004-2005/2003-2004
35.15
32.06







TRADE BALANCE




_______________




2003-2004*
-8105.96
-62463.00


2004-2005
-12550.48
-102501.52







*Final figures as given by DGCI&S




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