export surge continues

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

Wednesday, January 12, 2005

India’s exports during April-December, 2004-2005 are valued at US $ 53498.68 million which is 23.42% higher than the level of US $ 43346.72 million during April-December 2003-2004. This is substantially higher than the 12.72% export growth in April-December, 2003-04 over April-December, 2002-03. In rupee terms, the exports were Rs.242434.63 crore, during April-December, 2004-2005 which is 21.25% higher than the value of exports during April-December, 2003-2004.

Exports during December, 2004 are valued at US $ 6806.26 million which is 14.59% higher than the level of US $ 5939.79 million during December, 2003. This is over and above the 49.06% export growth in December, 2004 over December, 2003. In rupee terms, the exports were Rs.29933.64 crore, which is 10.54% higher than the value of exports during December, 2003.

India’s imports during April-December, 2004-2005 are valued at US $ 73651.66 million representing an increase of 33.64% over the level of imports valued at US $ 55111.40 million in April-December, 2003-2004.

Oil imports during April-December, 2004-05 are valued at US $ 21516.36 million which is 46.17% higher than oil imports valued at US $ 14719.67 million in the corresponding period last year. Non-oil imports during April-December, 2004-05 are estimated at US $ 52135.30 million which is 29.07% higher than the level of such imports valued at US $ 40391.73 million in April-December, 2003-04.


Imports during December, 2004 are valued at US $ 9424.59 million representing an increase of 28.74% over the level of imports valued at US $ 7320.65 million in December, 2003. In Rupee terms the imports increased by 24.20%.



The trade deficit for April-December, 2004-05 is estimated at US $ 20152.98 million which is higher than the deficit at US $ 11764.68 million during April-December, 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)




December
April-December



EXPORTS





_________





2003-2004*
5939.79
43346.72



2004-2005
6806.26
53498.68









%Growth 2004-2005/2003-2004
14.59
23.42









IMPORTS





_________





2003-2004*
7320.65
55111.40



2004-2005
9424.59
73651.66









%Growth 2004-2005/2003-2004
28.74
33.64









TRADE BALANCE





_______________





2003-2004*
-1380.86
-11764.68



2004-2005
-2618.33
-20152.98



*Final figures as given by DGCI&S








IMPORTS & EXPORTS : (PROVISIONAL)




(Unadjusted for late returns)




(Rs Crore)










December
April-December



EXPORTS





_________





2003-2004*
27078.33
199940.00



2004-2005
29933.64
242434.63









%Growth 2004-2005/2003-2004
10.54
21.25









IMPORTS





_________





2003-2004*
33373.40
254297.04



2004-2005
41448.96
333907.25









%Growth 2004-2005/2003-2004
24.20
31.31









TRADE BALANCE





_______________





2003-2004*
-6295.07
-54357.04



2004-2005
-11515.32
-91472.62









*Final figures as given by DGCI&S





SB/MRS