1st November, 2003
Ministry of Commerce & Industry  


EXPORTS BACK ON DOUBLE DIGIT TRACK

GROWTH IN SEPTEMBER TOUCHES NEARLY 16%

INDIA’S FOREIGN TRADE : APRIL- SEPTEMBER, 2003-04


India’s exports during April-September, 2003-2004 are valued at US $ 27438.95 million which is 9.99% higher than the level of US $ 24946.03 million during April-September, 2002-2003. In rupee terms, the exports were Rs.127610.18 crores, during April- September, 2003-2004 which is 4.89% higher than the value of exports during April- September, 2002-2003.

India’s exports during September, 2003 are valued at US $ 4982.20 million which is 15.93% higher than the level of US $ 4297.54 million during September, 2002. In rupee terms, the exports in September, 2003 were Rs. 22841.93 crores, which is 9.73% higher than the value of exports during September, 2002.

Imports during April-September, 2003-2004 are valued at US $ 34554.76 million representing an increase of 21.42% over the level of imports valued at US $ 28459.61 million in April- September, 2002-2003.In Rupee terms, the imports have increased from Rs. 138800.09 crores to Rs. 160778.89 crores showing a growth of 15.83% during the period.

Oil imports during April- September, 2003-2004 are valued at US $ 9214.98 million which is 6.34% higher than oil imports valued at US $ 8665.49 million in the corresponding period last year. Non-oil imports during April- September, 2003-2004 are estimated at US $ 25339.78 million which is 28.02% higher than the level of such imports valued at US $ 19794.12 million in April- September, 2002-2003.

Imports during September,2003 are valued at US $ 5911.96 million representing an increase of 16.25 % over the level of imports valued at US $ 5085.74 million in September, 2002. In Rupee terms the imports increased by 10.02% during September, 2003.

The trade deficit for April- September, 2003-2004 is estimated at US $ 7115.81 million which is higher than the deficit at US $ 3513.58 million during April- September, 2002-2003.

IMPORTS & EXPORTS : (PROVISIONAL)

(Unadjusted for late returns)

(Rs Crores)

September

April-September

EXPORTS

_________

2002-2003*

20817.29

121661.65

2003-2004

22841.93

127610.18

%Growth 2003-2004/2002-2003

9.73

4.89

IMPORTS

_________

2002-2003*

24635.34

138800.09

2003-2004

27104.61

160778.89

%Growth 2003-2004/2002-2003

10.02

15.83

TRADE BALANCE

_______________

2002-2003*

-3818.05

-17138.44

2003-2004

-4262.68

-33168.71

IMPORTS & EXPORTS : (PROVISIONAL)

(Unadjusted for late returns)

(US $ Million)

September

April-September

EXPORTS

_________

2002-2003*

4297.54

24946.03

2003-2004

4982.20

27438.95

%Growth 2003-2004/2002-2003

15.93

9.99

IMPORTS

_________

2002-2003*

5085.74

28459.61

2003-2004

5911.96

34554.76

%Growth 2003-2004/2002-2003

16.25

21.42

TRADE BALANCE

_______________

2002-2003*

-788.20

-3513.58

2003-2004

-929.76

-7115.81

*Final figures as given by DGCI&S