India Trade Deficit Narrows in March


India's exports rose 15 percent in February 2013 from a year earlier to INR 1678 billion, while imports rose 5 percent to INR 2239 billion leaving a trade deficit of INR 561 billion, according to trade ministry data.

Exports during March were valued at Rs. 167836.31 crore which was 15.65 percent higher than the level of Rs. 145123.41 crore during March of 2012. Cumulative value of exports for the period April-March 2012-13 was Rs 1635261.02 crore against Rs 1465959.40 crore registering a growth of 11.55 percent  over the same period last year.

Imports during March were valued at US Rs.223954.98 crore representing a growth of 5.01 percent over the level of imports valued at Rs. 213265.08 crore in March of 2012. Cumulative value of imports for the period April-March 2012-13 was Rs. 2673113.08 crore against Rs. 2345463.25 crore, registering a growth of 13.97 percent over the same period last year.
 
Oil imports during March were 16.56 percent lower than oil imports in the corresponding period last year. Oil imports during April-March 2012-13 were 9.22 percent higher than the oil imports in the corresponding period last year.
 
Non-oil imports during March were 5.41 percent higher than non-oil imports in March of 2012. Non-oil imports during April-March 2012-13 were 3.62 percent lower than the level of such imports in April-March 2011-12.

Ministry of Commerce and Industry | Nuno Fontes | nuno@tradingeconomics.com
4/18/2013 10:11:27 AM