India's Trade Deficit Widens in January


India recorded a trade deficit of Rs. 1086.12 billion in January of 2013, compared to a Rs. 965.73 billion deficit in the previous month.

Exports during January,  2013 were valued at US $25587.24 million (Rs. 138981.70 crore) which was 0.82 per cent higher in Dollar terms (6.67 per cent higher in Rupee terms) than the level of US $25379.05 million (Rs. 130294.02 crore) during January,  2012. Cumulative value of exports for the period April-January 2012-13 was US $239687.01 million (Rs 1305420.39) as against US $251930.14 million (Rs. 1196962.33 crore) registering a negative growth of 4.86 per cent in Dollar terms and growth of 9.06 per cent in Rupee terms over the same period last year.

Imports during January, 2013 were valued at US $45583.25 million (Rs. 247593.63 crore) representing a  growth of 6.12 per cent in Dollar terms and 12.28 per cent in Rupee terms over the level of imports valued at US $42952.47 million (Rs. 220514.54 crore) in January, 2012. Cumulative value of imports for the period April-January, 2012-13 was US  $406855.13 million (Rs.  2215115.46 crore) as against US $406820.28 million (Rs. 1934946.96 crore) registering a positive growth of 0.01 per cent in Dollar terms and growth of 14.48 per cent in Rupee terms over the same period last year.
 
The trade deficit for April-January, 2012-13 was estimated at US $167168.12 million which was higher than the deficit of US $154890.14 million during April-January, 2011-12.

Ministry of Commerce and Industry | Nuno Salva | nuno.salva@tradingeconomics.com
2/13/2013 8:49:04 AM