Indian exports tumble 33.3% for Mar`09

India`s exports during March, 2008-09 were valued at USD 11.52 billion which was 33.3% lower than the level of USD 17.25 billion during March, 2008. In rupee terms, exports touched Rs 589.97 billion, which was 15.3% lower than the value of exports during March, 2007-08.

Country`s imports during March, 2008-09 were valued at USD 15.56 billion representing a decrease of 34.0% over the level of imports valued at USD 23.57 billion in March, 2007-08. In Rupee terms, imports decreased by 16.2%.

Cumulative value of imports for the period April- March, 2008-09 was USD 287.76 billion (Rs 13,055.03 billion) as against USD 251.65 billion (Rs 10,123.12 billion) registering a growth of 14.3% in Dollar terms and 29.0% in rupee terms over the same period last year.

India`s cumulative value of exports for the period April-March, 2008-09 was USD 168.70 billion (Rs 7,669.35 billion) as against USD 163.13 billion (Rs 6,558.63 billion) registering a growth of 3.4% in dollar terms and 16.9% in rupee terms over the same period last year.

Oil imports during March, 2008-09 were valued at USD 3.81 billion which was 58.1% lower than oil imports valued at USD 9.07 billion in the corresponding period last year. Oil imports during April-March, 2008-09 were valued at USD 93.18 billion which was 16.9% higher than the oil imports of USD 79.71 billion in the corresponding period last year.

Non-oil imports during March, 2008-09 were estimated at USD 11.75 billion which was 18.92% lower than non-oil imports of USD 14.49 billion in March, 2007-08. Non-oil imports during April- March, 2009 were valued at USD 194.58 billion which was 13.2% higher than the level of such imports valued at USD 171.94 billion in April- March, 2007-08.

The trade deficit for April- March, 2008-09 was estimated at USD 119.05 billion which was higher than the deficit at USD 88.52 billion during April- March, 2007-08.