Indian exports in April to November 2008 up by 19% YoY.

India’s Cumulative value of exports for the period April to November, 2008 was USD 119301 million as against USD 99912 million registering a growth of 19.4% in Dollar terms and 29.5% in Rupee terms over the same period last year. Exports during November, 2008 were valued at USD 11505 million which was 9.9% lower than the level of USD 12768 million during November, 2007. In rupee terms, exports touched INR 56374 crore, which was 12.0% higher than the value of exports during November, 2007.

India’s Imports during November, 2008 were valued at USD 21571 million representing an increase of 6.1% over the level of imports valued at USD 20329 million in November, 2007. In Rupee terms, imports increased by 31.8%. Cumulative value of imports for the period April to November, 2008 was USD 203642 million as against USD 153109 million registering a growth of 33.0% in Dollar terms and 44.7% in Rupee terms over the same period last year.

Oil imports during November, 2008 were valued at USD 7254 million which was 11.9% higher than oil imports valued at USD 6483 million in the corresponding period last year. Oil imports during April to November, 2008 were valued at USD 74114 million which was 55.7% higher than the oil imports of USD 47597 million in the corresponding period last year.

Non oil imports during November, 2008 were estimated at USD 14318 million which was 3.4% higher than non oil imports of USD 13846 million in November, 2007. Non oil imports during April to November, 2008 were valued at USD 129528 million which was 22.8% higher than the level of such imports valued at USD 105511 million in April to November, 2007.

However, the trade deficit for April to November, 2008 was estimated at USD 84341 million which was higher than the deficit at USD 53197 million during April to November, 2007.

Exports & Imports in USD million (Provisional)

          Nov Apr-Nov

2007-08 12768 99912

2008-09 11505 119301

Change 2008-09/2007-08 -9.9 19.4

          Nov Apr-Nov

2007-08 20329 153109

2008-09 21571 203642

Change 2008-09/2007-08 6.1 33

          Nov Apr-Nov

Trade Balance

2007-08 -7561 -53197

2008-09 -10066 -84341