Exports climb 18.91%, imports up 32.64% in Aug`07

Source: IRIS (01 October 2007)
Exports climb 18.91%, imports up 32.64% in Aug`07

Exports rose 18.91% to USD 12.69 billion in August 2007 as against USD 10.67 million in the same month, a year ago.

In Rupee terms exports touched Rs 517.87 billion, which was 4.31% higher than the value of exports during August 2006. Cumulative value of exports for the period April-August 2007 was USD 59.48 billion (Rs 2,436.12 billion) as against USD 50.26 billion (Rs 2,307.89 billion), a growth of 18.36% in Dollar terms and 5.56% in Rupee terms compared with the same period, last year.

Imports increased 32.64% to USD 19.57 billion during August 2007 as against USD 14.75 billion in August 2006. In Rupee terms, imports increased 16.35%. Cumulative value of imports for the period April-August 2007 was USD 91.99 billion (Rs 3,769.65 billon) as against USD 70.18 billion (Rs 3,222.04 billion), a growth of 31.07% in Dollar terms and 17% in Rupee terms compared with the same period, last year.

Oil imports surged 19.52% to USD 6.02 billion during August 2007 as against USD 5.04 billion in the corresponding period, last year. Oil imports during April-August 2007 were valued at USD 25,901.26 million, which was 8.32% higher than the oil imports of USD 23,912.08 million in the corresponding period, last year.

Non-oil imports moved up 39.57% to USD 13.55 billion during August 2007 as against USD 9.71 billion in August 2006. Non-oil imports during April-August 2007 were valued at USD 66.09 billion which was 42.85% higher than the level of such imports valued at USD 46.26 billion in April-August 2006.

The trade deficit for April-August 2007 was estimated at USD 32.50 billion, which was higher than the deficit at USD 19.93 billion during April-August 2006.



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