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U.S.Economy: 
India Exports Fall in May
Author: 123jump.com Staff
123jump.com
Last Update: 9:47 AM ET July 01 2009


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Exports during May, 2009 were valued at US $ 11010 million Rs. 53435 crore which was 29.2% lower in dollar terms 18.4% in Rupee terms than the level of US$ 15550 million Rs.65506 crore during May,2008.

 
The following is an unedited transcript of the news release from the Department of Commerce.


EXPORTS (including re-exports)

Exports during May, 2009 were valued at US $ 11010 million (Rs. 53435 crore) which was 29.2 per cent lower in dollar terms (18.4 per cent in Rupee terms) than the level of US$ 15550 million (Rs.65506 crore) during May,2008. Cumulative value of exports for the period April- May, 2009 was US$ 21753 million (Rs. 107214 crore) as against US $ 31626 million (Rs. 129846 crore) registering a negative growth of 31.2 per cent in Dollar terms and 17.4 per cent in Rupee terms over the same period last year.

IMPORTS

Imports during May, 2009 were valued at US $ 16212 million (Rs.78682 crore) representing a decrease of 39.2 per cent in dollar terms (30.0 per cent in Rupee terms) over the level of imports valued at US $ 26684 million ( Rs. 112405 crore) in May,2008. Cumulative value of imports for the period April- May 2009 was US$ 31959 million (Rs. 157514 crore) as against US$ 51507 million (Rs. 211752 crore) registering a negative growth of 38.0 per cent in Dollar terms and 25.6 per cent in Rupee terms over the same period last year.

CRUDE OIL AND NON-OIL IMPORTS:

Oil imports during May, 2009 were valued at US $ 4135 million which was 60.6 per cent lower than oil imports valued at US $ 10495 million in the corresponding period last year. Oil imports during April- May, 2009 were valued at US$ 7768 million which was 59.6 per cent lower than the oil imports of US $ 19244 million in the corresponding period last year.

Non-oil imports during May, 2009 were estimated at US $ 12078 million which was 25.4 per cent lower than non-oil imports of US $ 16189 million in May, 2008. Non-oil imports during April- May, 2009 were valued at US$ 24191 million which was 25.0 per cent lower than the level of such imports valued at US$ 32262 million in April- May, 2008.

TRADE BALANCE

The trade deficit for April- May,2009 was estimated at US $ 10206 million which was lower than the deficit of US $ 19880 million during April-May, 2008.


Available at:

http://commerce.nic.in/tradestats/indiatrade_press.asp
More: U.S.Economy

 
 
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