India’s Foreign Trade: December, 2012

EXPORTS (including re-exports)

Exports during December, 2012 were valued at US $ 24877.57 million (Rs. 135950.47 crore) which was 1.92 per cent lower in Dollar terms (1.75 per cent higher in Rupee terms) than the level of US $ 25365.69 million (Rs. 133618.61 crore) during December, 2011. Cumulative value of exports for the period April-December 2012 -13 was US $ 214099.77  million (Rs 1166438.69) as against US $ 226551.09 million (Rs 1066668.31 crore) registering a  negative growth of 5.50 per cent in Dollar terms and growth of 9.35 per cent in Rupee terms over the same period last year.

IMPORTS

Imports during December, 2012 were valued at US $ 42549.50 million (Rs.232523.66 crore) representing a growth of 6.26 per cent in Dollar terms and 10.23 per cent in Rupee terms  over the level of imports valued at US $ 40044.06 million ( Rs. 210939.69 crore) in December, 2011. Cumulative value of imports for the period April-December, 2012-13 was US $ 361271.88 million (Rs. 1967521.83 crore) as against US $ 363867.81 million (Rs. 1714432.42 crore) registering a negative growth of 0.71 per cent in Dollar terms and growth of 14.76 per cent in Rupee terms over the same period last year.

CRUDE OIL AND NON-OIL IMPORTS:               

Oil imports during December, 2012 were valued at US $ 14429.7 million which was 23.56  per cent higher than oil imports valued at US $  11678.7 million in the corresponding period last year.  Oil imports during April-December, 2012-13 were valued at US $ 124520.8 million which was 12.18 per cent higher than the oil imports of US $ 111002.9 million in the corresponding period last year.

Non-oil imports during December, 2012 were estimated at US $ 28119.8 million which was 0.87 per cent lower than non-oil imports of US $ 28365.4 million in December, 2011.  Non-oil imports during April – December, 2012-13 were valued at

US $ 236751.1 million which was 6.37 per cent lower than the level of such imports valued at US $ 252864.9 million in April – December, 2011-12.

TRADE BALANCE

The trade deficit for April – December, 2012-13 was estimated at US $ 147172.11 million which was higher than the deficit of US $ 137316.72 million during April -December, 2011-12.