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U.S.Economy: 
January Exports Rise 11.5%
Author: 123jump.com Staff
123jump.com
Last Update: 7:57 AM ET March 02 2010


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January exports increased 11.5% to $14.34 billion and rose 4.9% when measured in rupees. Exports in the ten months ending in the month rose 17.8% in the dollars and 12.1% in rupees. Imports in the month rose 35.5% to $24.70 billion and in the ten-month period increased 27.6% from a year ago period.

 
The following is the unedited transcript of the news release from Ministry of Commerce & Industry, Department of Commerce, Government of India

India’s exports during January, 2010 were valued at US $14343 million (Rs. 65920 crore) which was 11.5 per cent higher in dollar terms (4.9 per cent in Rupee terms) than the level of US $ 12869 million (Rs. 62844 crore) during January, 2009. Cumulative value of exports for the period April-2009 to January-2010 was US $ 131930 million (Rs 629224 crore) as against US $ 160438 million (Rs. 715764 crore) registering a negative growth of 17.8 per cent in Dollar terms and 12.1 per cent in Rupee terms over the same period last year.

India’s imports during January, 2010 were valued at US $ 24705 million (Rs.113545 crore) representing a growth of 35.5 per cent in dollar terms (27.6 per cent in Rupee terms) over the level of imports valued at US $ 18228 million ( Rs. 89015 crore) in January, 2009. Cumulative value of imports for the period April, 2009- January, 2010 was US $ 218534 million (Rs. 1041513 crore) as against US $ 272037 million (Rs. 1215214 crore) registering a negative growth of 19.7 per cent in Dollar terms and 14.3 per cent in Rupee terms over the same period last year.

Oil imports during January, 2010 were valued at US $ 7053 million which was 56.0 per cent higher than oil imports valued at US $ 4522 million in the corresponding period last year. Oil imports during April, 2009- January, 2010 were valued at US$ 63971 million which was 25.3 per cent lower than the oil imports of US $ 85623 million in the corresponding period last year.

Non-oil imports during January, 2010 were estimated at US $ 17652 million which was 28.8 per cent higher than non-oil imports of US $ 13706 million in January, 2009. Non-oil imports during April, 2009- January, 2010 were valued at US$ 154563 million which was 17.1 per cent lower than the level of such imports valued at US$ 186414 million in April 2008- January, 2009.

The trade deficit for April 2009- January, 2010 was estimated at US $ 86604 million which was lower than the deficit of US $ 111599 million during April 2008 -January, 2009.

Available at:

http://commerce.nic.in/pressrelease/pressrelease_detail.asp?id=2550
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