INDIA’S EXPORTS CROSS THE $ 50
BILLION MILESTONE
EXPORTS
REACH $ 51.7 BILLION IN 2002-2003
EXPORT
GROWTH RATE AT 18.05% SURPASSES THE TARGET OF 12%
INDIA’S
FOREIGN TRADE DATA: APRIL-MARCH 2002-03
India’s
exports during April-March, 2002-2003 are valued at US $ 51702.22
million (US $ 51.7 billion) which is 18.05% higher than the level
of US $ 43795.53 million (US $ 43.7 billion) during April-March,
2001-2002. In rupee terms, the exports were Rs. 250130.02 crore,
during April-March, 2002-2003 which is 19.67% higher than the
value of exports during April-March, 2001-2002.
Exports during March,
2003 are valued at US $ 4773.63 million which is 15.28% higher
than the level of US $ 4140.95 million during March, 2002. In
rupee terms, the exports were Rs. 22741.32 crore, which is 12.68%
higher than the value of exports during March, 2002.
India’s imports during
April-March, 2002-2003 are valued at US $ 59386.78 million ( US
$ 59.3 billion) representing an increase of 17.03% over the level
of imports valued at US $ 50745.81 million (US $ 50.7 billion)
in April-March, 2001-2002. In Rupee terms the imports increased
by 18.76% during April-March, 2002-2003.
Oil imports during
April-March, 2002-2003 are valued at US $ 17768.77 million which
is 26.77% higher than oil imports valued at US $ 14016.37 million
in the corresponding period of last year. Non-oil imports during
April-March, 2002-2003 are estimated at US $ 41618.01 million
which is 13.31% higher than the level of such imports valued at
US $ 36729.44 million in April-March, 2001-2002.
Imports during March,
2003 are valued at US $ 5548.26 million registering an increase
of 25.16% over the level of imports valued at US $ 4432.86 million
in March, 2002. In Rupee terms the imports increased by 22.34%
during March, 2002-2003.
The trade deficit
for April-March, 2002-2003 is estimated at US $ 7684.56 million
which is higher than the deficit at US $ 6950.28 million during
April-March, 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.
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IMPORTS & EXPORTS :
(PROVISIONAL)
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(Unadjusted for late returns)
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(US $ Million)
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March
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April-March
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EXPORTS
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_________
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2001-2002*
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4140.95
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43795.53
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2002-2003
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4773.63
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51702.22
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%Grw 2002-2003/2001-2002
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15.28
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18.05
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IMPORTS
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_________
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2001-2002*
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4432.86
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50745.81
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2002-2003
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5548.26
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59386.78
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%Grw 2002-2003/2001-2002
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25.16
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17.03
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TRADE BALANCE
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_______________
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2001-2002
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-291.91
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-6950.28
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2002-2003
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-774.63
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-7684.56
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*Final figures as given
by DGCI&S
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IMPORTS & EXPORTS :
(PROVISIONAL)
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(Unadjusted for late returns)
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(Rs Crores)
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March
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April-March
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EXPORTS
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_________
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2001-2002*
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20181.79
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209017.97
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2002-2003
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22741.32
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250130.02
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%Grw 2002-2003/2001-2002
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12.68
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19.67
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IMPORTS
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_________
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2001-2002*
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21604.45
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241929.21
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2002-2003
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26431.61
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287303.48
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%Grw 2002-2003/2001-2002
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22.34
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18.76
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TRADE BALANCE
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_______________
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2001-2002
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-1422.66
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-32911.24
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2002-2003
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-3690.29
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-37173.46
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*Final figures as given
by DGCI&S
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