1st April, 2003
Ministry of Commerce & Industry  


EXPORTS UP BY OVER 16%

INDIA’S FOREIGN TRADE: APRIL-FEBRUARY, 2002-2003


India’s Exports during April-February, 2002-2003 are valued at US $ 46070.50 million which is 16.76% higher than the level of US $ 39456.36 million during April-February, 2001-2002. In rupee terms, the exports were Rs. 223248.98 crores, during April-February, 2002-2003 which is 18.83% higher than the value of exports during April-February, 2001-2002.

Exports during February, 2003 are valued at US $ 4012.38 million which is 13.51% higher than the level of US $ 3534.97 million during February, 2002. In rupee terms, the exports were Rs. 19152.96 crores, which is 11.28% higher than the value of exports during February, 2002.

India’s Imports during April-February, 2002-2003 are valued at US $ 53865.65 million representing an increase of 16.31% over the level of imports valued at US $ 46312.96 million in April-February, 2001-2002. In Rupee terms the imports increased by 18.46% during April-February, 2002-2003.

Oil imports during April-February, 2002-2003 are valued at US $ 16062.00 million which is 26.32% higher than oil imports valued at US $ 12715.31 million in the corresponding period of last year. Non-oil imports during April-February, 2002-2003 are estimated at US $ 37803.65 million which is 12.52% higher than the level of such imports valued at US $ 33597.65 million in April-February, 2001-2002.

Imports during February, 2003 are valued at US $ 4453.13 million registering an increase of 18.48% over the level of imports valued at US $ 3758.54 million in February, 2002. In Rupee terms the imports increased by 16.16% during February, 2002-2003.

The trade deficit for April-February, 2002-2003 is estimated at US $ 7795.15 million which is higher than the deficit at US $ 6856.60 million during April-February, 2001-2002.

Tables giving details of exports, imports and trade balance, according to the provisional estimates of Directorate General of Commercial Intelligence & Statistics (DGCI&S), are attached.

IMPORTS & EXPORTS : (PROVISIONAL)

(Unadjusted for late returns)

(US $ Million)

February

April-February

EXPORTS

2001-2002*

3534.97

39456.36

2002-2003

4012.38

46070.50

%Grw 2002-2003/2001-2002

13.51

16.76

IMPORTS

2001-2002*

3758.54

46312.96

2002-2003

4453.13

53865.65

%Grw 2002-2003/2001-2002

18.48

16.31

TRADE BALANCE

2001-2002

-223.57

-6856.60

2002-2003

-440.75

-7795.15

 

IMPORTS & EXPORTS : (PROVISIONAL)

(Unadjusted for late returns)

(Rs Crores)

February

April-February

EXPORTS

2001-2002*

17211.52

187876.87

2002-2003

19152.96

223248.98

%Grw 2002-2003/2001-2002

11.28

18.83

IMPORTS

2001-2002*

18300.08

220324.76

2002-2003

21256.90

261002.47

%Grw 2002-2003/2001-2002

16.16

18.46

TRADE BALANCE

2001-2002

-1088.56

-32447.89

2002-2003

-2103.94

-37753.49