India's exports decline by 10.78% in September to $ 23.698 billion

India's exports decline by 10.78% in September to $ 23.698 billion

New Delhi, October 11, 2012

India's exports, including re-exports, declined by 10.78 per cent to $ 23.698 billion in September 2012 from $ 26.561 billion during the same month of last year, an official statement said here today.

In rupee terms, the exports grew by 2.28 per cent at Rs. 129405.75 crore as compared to Rs. 126520.28 crore during September, 2011. 
The cumulative value of exports for the period April-September 2012 -13 was $ 143.676 billion (Rs 785075.99 crore) as against $ 154.149 billion (Rs 697699.46 crore), registering a  negative growth of 6.79 per cent in dollar terms and growth of 12.52 per cent in rupee terms over the same period last year, it said.
The statement said India’s imports during September, 2012 were valued at $ 41.779 billion (Rs.228134.59 crore) representing a growth of 5.09 per cent in dollar terms and 20.47 per cent in rupee terms  over the level of imports valued at $ 39.756 billion ( Rs. 189372.08 crore) in September, 2011. 
The cumulative value of imports for the period April-September, 2012-13 was $ 232.927 billion (Rs. 1272792.65 crore) as against $ 243.546 billion (Rs. 1101811.90 crore) registering a negative growth of 4.36 per cent in dollar terms and growth of 15.52 per cent in rupee terms over the same period last year.
According to the statement, oil imports during September, 2012 were valued at $ 14.094 billion which was 30.74  per cent higher than oil imports valued at $  10.779 billion in the corresponding period last year.  
Oil imports during April-September, 2012-13 were valued at $ 80.784 billion which was 6.78 per cent higher than the oil imports of $ 75.653 billion in the corresponding period last year.
Non-oil imports during September, 2012 were estimated at $ 27.685 billion which was 4.46 per cent lower than non-oil imports of $ 28.976 billion in September, 2011.  Non-oil imports during April - September, 2012-13 were valued at $ 152.143 billion which was 9.38 per cent lower than the level of such imports valued at $ 167,893 billion in April - September, 2011-12.       
The trade deficit for April - September, 2012-13 was estimated at $ 89.251 billion which was lower than the deficit of $ 89.397 billion during April -September, 2011-12, the statement added.
NNN

Last updated

NetIndian
www.netindian.in