India's export growth slows down to 13.2 % in July

India's export growth slowed down to 13.2 % in July this year, touching $ 16.240 billion as against $ 14.341 billion in the corresponding month of last year, an official statement said here today.

In rupee terms, the exports in July were valued at Rs 76,064 crore, which was 9.4 per cent higher than the level of Rs 69,521 crore achieved in the corresponding month of last year.

This was the ninth consecutive month that the country's exports have maintained an upward trend. The exports had grown by 30.1 per cent in June this year.

The cumulative value of exports for the period April-July 2010 was $ 68.629 billion (Rs 315,302 crore) as against $ 52.737 billion (Rs. 256,739 crore), registering a growth of 30.1 per cent in dollar terms and 22.8 per cent in rupee terms over the same period last year, the statement said.

India’s imports during July this were valued at $ 29.170 billion (Rs.136,625 crore) representing a growth of 34.3 per cent in dollar terms (29.7 per cent in rupee terms) over the level of imports valued at $ 21.724 billion ( Rs. 105,312 crore) in the same month last year.

The cumulative value of imports for the period April-July, 2010 was $ 112.214 billion (Rs. 515,617 crore) as against $ 84.156 billion (Rs. 409,518 crore), showing a growth of 33.3 per cent in dollar terms and 25.9 per cent in rupee terms over the corresponding period last year, it said.

Oil imports during July, 2010 were valued at $ 7.665 billion which was 4.4 per cent higher than oil imports valued at $ 7.344 billion in the corresponding month last year. Oil imports during April-July, 2010 were valued at $ 32.941 billion which was 37.3 per cent higher than the oil imports of $ 23.993 billion in the same period last year.

Non-oil imports during July, 2010 were estimated at $ 21.505 billion which was 49.6 per cent higher than the level of $ 14.379 billion in July, 2009. Non-oil imports during April - July, 2010 were valued at $ 79.273 billion which was 31.8 per cent higher than the level of such imports valued at $ 60.163 billion in April - July, 2009.

The trade deficit for April - July, 2010 was estimated at $ 43.585 billion which was higher than the deficit of $ 31.420 billion during April -July, 2009, the statement added.

NNN