record growth in india’s exports

foreign trade data for april-february 2004-05

Monday, March 14, 2005

India’s exports during April-February 2004-05 are valued at US $ 69798.26 million ($ 69.7 billion) which is 27.03% higher than the level of US $ 54946.43 million ($54.9 billion) during April-February 2003-04. This is substantially higher than the 15.46% export growth in April-February 2003-04 over April-February 2002-03. In rupee terms, the exports were Rs.314185.17 crore during April-February 2004-05 which is 24.40% higher than the value of exports during April-February 2003-04.

Exports during February 2005 are valued at US $ 6711.05 million ($ 6.7 billion) which is 8.01% higher than the level of US $ 6213.35 million ($ 6.2 billion) during February 2004. This is over and above the 44.97% export growth in February 2004 over February 2003. In rupee terms, the exports were Rs.29313.73 crore, which is 4.22% higher than the value of exports during February 2004.

India’s imports during April-February 2004-05 are valued at US $ 93628.82 million representing an increase of 36.33% over the level of imports valued at US $ 68675.59 million in April-February 2003-04.

Oil imports during April-February 2004-05 are valued at US $ 26651.65 million which is 44.45% higher than oil imports valued at US $ 18450.93 million in the corresponding period last year. Non-oil imports during April-February 2004-05 are estimated at US $ 66977.17 million which is 33.36% higher than the level of such imports valued at US $ 50224.66 million in April-February 2003-04.

Imports during February 2005 are valued at US $ 9341.08 million representing an increase of 38.64% over the level of imports valued at US $ 6737.79 million in February 2004. In rupee terms the imports increased by 33.77%.

The trade deficit for April-February 2004-05 is estimated at US $ 23830.56 million which is higher than the deficit at US $ 13729.16 million during April-February 2003-04.

SB/SS/MRS